Regenerative Medicine Market to Reach US$ 12.9 Bn by 2028, Increase in Demand for Customized Regenerative Medicine to Drive the Market

Wilmington, Delaware, United States: According to Transparency Market Research’s latest report on the global regenerative medicine market for the historical period 2017–2018 and forecast period 2021–2028, increase in demand for customized regenerative medicine is projected to drive the global regenerative medicine market during the forecast period

Rise in Prevalence of Chronic Diseases, Genetic Disorders, and Cancer: Key Driver

  • The incidence and prevalence of chronic diseases such as CVD, cancer, diabetes, ulcers, and genetic disorders such as cystic fibrosis have increased across the globe
  • Diabetes and obesity can result in increase in incidence and complexity of wounds such as infections, ulcerations, and surgical wounds, which require treatments and incur exorbitant medical expenses
  • Beyond established applications in treating multiple myeloma, lymphoma, leukemia, and autoimmune diseases, stem cells derived from adult sources are considered a novel treatment for diverse indications, including cardiovascular, musculoskeletal, endocrine, and neurologic disorders

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Key Players Increased Investment in Research & Development of Regenerative Medicine

  • Increase in investment by private players and government organizations in the development of regenerative medicine is a major factor boosting the growth of the global market during the forecast period
  • The field of medicine is constantly developing as newer therapies and medicines are launched in the market. Numerous public-private institutes and companies are focused on conducting studies for developing innovative therapies.
  • In December 2020, Bayer AG launched a cell and gene therapy platform within its pharmaceutical division. Moreover, growing product pipeline is estimated to fuel market growth during the forecast period.

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Costly Treatment Associated with Regenerative Medicine

  • Cell and gene therapies represent a significant scientific and medical achievement for patients suffering from terminal illnesses and serious disorders. These treatments assist in the transformation of how diseases are treated and possibly cured. Furthermore, such therapies will in future allow doctors and medical professionals to inject genes/cells into patients instead of using a series of medications and undergoing many surgeries.
  • However, despite the fact that these therapies are lifesavers and more effective than standard treatments, demand for these therapies is lower than anticipated. This is due to high cost of these therapies as well as the difficulties in securing reimbursements and coverage.

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Regenerative Medicine Market: Competition Landscape

  • This report profiles major players in the global regenerative medicine market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global regenerative medicine market is highly fragmented due to presence of a number of international as well as regional players
  • Leading players operating in the global regenerative medicine market are Smith & Nephew plc, Anika Therapeutics, Inc., DePuy Synthes, Inc., Baxter International, Inc., Stryker Corporation, Medtronic, Inc., Arthrex, Inc., Zimmer Holdings, Inc., and CONMED Corporation, among others

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