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Regenerative Medicine Market By Type (Cell Therapy, Tissue Engineering and Others), By Application - Global Industry Outlook, Key Companies (AstraZeneca Plc, Pfizer Inc., Abbott and others), Trends and Forecast 2023-2032

Published on : April-2023  Report Code : RC-663  Pages Count : 256  Report Format : PDF
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Market Overview

The Global Regenerative Medicine Market is anticipated to reach a market value of USD 32.3 billion by 2023 and is projected to show subsequent growth with a market value of USD 146.1 billion in 2032 at a CAGR of 18.3%.
 
Regenerative Medicine Market Growth Analysis

Within the healthcare industry, the Global regenerative medicine market primarily focuses on the development, manufacturing and commercialization of medical therapies that are specially designed to repair, replace and regenerate damaged and diseased cells, tissues and organs within the human body. The global regenerative medicine market has made significant growth in recent years due to the new advancements in biotechnology, increased funding and the growing number of patients suffering from degenerative diseases. This market holds the potential to revolutionize the healthcare industry by offering innovative and effective solutions to diseases and injuries that were previously considered untreatable. Additionally, this market offers treatments beyond human health to veterinary medicine and research.

Market Dynamic

Market Dynamics in the global regenerative medicine industry can be attributed to many factors that shape the industry's growth and direction. The ongoing research in this field leads to the discovery of new therapies and technologies that significantly impact the growth of this market. These ongoing research and technological advancements in regenerative medicine are at the forefront of expanding the capabilities and application of this medical field. They are shifting the focus on safer, more effective, and innovative medicine that will push the boundaries of present treatment plans for many rare diseases that are not very effective.

Regulatory bodies like the CDC, WHO, and FDA in the United States and their counterparts all over the world play a crucial role in shaping the market. They approve and assess the medicines and therapies before they are released on the market. The results of the clinical trials and research studies significantly affect the regenerative medicine market. The positive outcomes of these trials can revolutionize this market, whereas negative results can hinder years’ worth of research and growth. These approvals and regulations in the regenerative medicine market impact the market access of the medicine.

Research Scope and Analysis

By Type

In by type segment, Cell therapy dominates this segment as it held 47.9% of the market share in 2023 and is expected to show subsequent growth in the forthcoming period as well. The reason behind cell therapy's dominance in this market can be credited to its various applications, high success rate, personalization per patient and ongoing research. The versatile nature of cell therapy is used in a variety of diseases and health conditions like orthopaedic injuries, cardiovascular disease, neurodegenerative disorders and autoimmune diseases. This broad spectrum of applicability gives cell therapy a competitive edge in the global regenerative medicine market. 

Regenerative Medicine Market Type Analysis

Cell therapy has been used in the treatment of leukaemia and lymphoma for decades as it has shown a positive response in treatment. In recent times, the advancements in stem cell research, such as induced pluripotent stem cells a new kind of treatment for cancer and diabetes patients have expanded the potential application of cell therapy. As this field continues to grow, cell therapy is likely to maintain its significant role in addressing a wide array of medical conditions.

By Application

Oncology, a branch of medicine that deals with the study and treatment of cancer, is a dominant the segment of the global regenerative medicine market based on application as it holds 34.5% of the market share in 2023 and is projected to show significant growth in this market in the forthcoming years as well. The high number of cancer cases around the world drives the substantial demand for innovative and effective treatment. Regenerative medicine holds great potential in targeting and treating various types of cancer cases. In the case of cancer, regenerative medicine offers innovative and personalized therapies and treatments. Cellular therapies like CAR-T cell therapy have shown a remarkable success rate in treating hematologic malignancies like leukaemia and lymphoma. 

This theory genetically modifies the patient's immune cells to target and destroy cancer cells specifically. Oncology remains the primary focus for research and development in the medical field and it is also encouraged by both government and private organizations as they provide funding and resources for further studies. Despite significant progress in oncology, there are still cases when patients with aggressive forms of cancer cannot be saved. In such cases, regenerative medicine offers new hope and options for patients who may not respond to conventional therapies.

The Regenerative Medicine Market Report is segmented on the basis of the following:

By Type

  • Cell Therapy
  • Tissue Engineering
  • Gene Therapy
  • Others

By Application

  • Oncology
  • Dermatology
  • Musculoskeletal
  • Immunology
  • Cardiovascular
  • Ophthalmology
  • Others

Regional Analysis

North America, dominates this market as it holds 52.7% of market share in 2024 and is expected to hold subsequent growth in the upcoming years as well. The reason behind this region's dominance can be attributed to its highly advanced healthcare infrastructure, which facilitates the development of cutting-edge regenerative therapies. The presence of a high-tech ecosystem for research institutions, pharmaceutical companies and healthcare facilities accelerates the research and development process in this region. 

Regenerative Medicine Market Regional Analysis

This region also is home to many world-renowned research institutions and universities like Johan Hopkins University, Harvard University and others which are pioneers in the research of regenerative medicine, contributing to the development of novel therapies. Regulatory bodies like the U.S. Food and Drug Administration (FDA) have established clear pathways for the growth and approval of regenerative medicines. This regulatory support by the government provides a level of assurance to the companies and investors to invest in this region. These factors collectively position this region as a key player in the development and adoption of regenerative medicine therapies.

By Region

North America
  • The U.S.
  • Canada
Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Russia
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • ANZ
  • ASEAN
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Egypt
  • Rest of MEA

Competitive Landscape

The competitive landscape of the global regenerative medicine market is marked by intense competition among the major players vying for market share and seeking to get a competitive edge over others. This market sees the collaboration of pharmaceutical companies, biotechnology firms, academic research institutes and emerging startups. Major key players in this market like Novartis, AstraZeneca Plc, Abbott and Pfizer Inc. are at the forefront of this highly dynamic market as they are investing heavily in research and development. Additionally, academic institutions like Harvard University, University of California and Berkeley have contributed to this market through groundbreaking research many times and this research is many times are translated into clinical operations.
 
This market is experiencing consolidation, with a few key players shaping the industry landscape. These companies utilize inorganic & organic strategies for their market expansion. The inorganic strategies include the development of new product catalogs and innovation while the organic strategies deal with partnerships, mergers & acquisitions. This market has many key players who hold a significant portion of the market such as AstraZeneca Plc, Pfizer Inc., Abbott, Novartis AG, Amgen Inc., Bristol Myers Squibb, BLUEBIRD BIO, GC Pharma, GlaxoSmithKline Plc. (GSK), ANTEROGEN BioSolutions, Terumo BCT, ORGANOGENESIS and Other Key Players.

Some of the prominent players in the Global Regenerative Medicine Market are:
  • AstraZeneca Plc
  • Pfizer Inc
  • Abbott
  • Novartis AG
  • Amgen Inc.
  • Bristol Myers Squibb
  • BLUEBIRD BIO
  • GC Pharma
  • GlaxoSmithKline Plc. (GSK)
  • ANTEROGEN BioSolutions
  • Terumo BCT
  • ORGANOGENESIS
  • Other Key Players

COVID-19 Pandemic & Recession: Impact on the Global Regenerative Medicine Market:

The COVID-19 pandemic and the following economic recession had a significant impact on the Global regenerative medicine market. The pandemic affected this market drastically as it disrupted the ongoing clinical trial, delayed research projects as temporarily redirected all resources towards COVID-19 patients' treatment. The delay om research affected the timeline for the introduction of new medicine and their trials. Additionally, supply chain disruptions have impacted the production and distribution of regenerative medicine products.
 
Despite the challenges posed by the pandemic it also shed light on the potential of regenerative medicine to address a wide range of medical conditions. As the world is now facing the aftermath of the pandemic, the regenerative medicine market may well find new opportunities for growth and development in the post-COVID period.

Report Details

                                   Report Characteristics
Market Size (2023) USD 32.3 Bn
Forecast Value (2032) USD 146.1 Bn
CAGR (2023-2032) 18.3%
Historical Data 2017 - 2022
Forecast Data 2023 - 2032
Base Year 2022
Estimate Year 2023
Report Coverage Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc.
Segments Covered By Type (Cell Therapy, Tissue Engineering, Gene Therapy and Others), By Application (Oncology, Dermatology, Musculoskeletal, Immunology, Cardiovascular, Ophthalmology and Others)
Regional Coverage North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
Prominent Players AstraZeneca Plc, Pfizer Inc., Abbott, Novartis AG, Amgen Inc., Bristol Myers Squibb, BLUEBIRD BIO, GC Pharma, GlaxoSmithKline Plc. (GSK), ANTEROGEN BioSolutions, Terumo BCT, ORGANOGENESIS, and Other Key Players
Purchase Options We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively.

 

Frequently Asked Questions

  • How big is the Global Regenerative Medicine Market?

    The Global Regenerative Medicine Market is anticipated to reach a market value of USD 32.3 billion by 2023.

  • What is the Global Regenerative Medicine Market?

    Within the healthcare industry, the global regenerative medicine market primarily focuses on the development, manufacturing and commercialization of medical therapies that are specially designed to repair, replace and regenerate damaged and diseased cells, tissues and organs within the human body.

  • Who are the major key players in the Global Regenerative Medicine Market?

    This market has many key players who hold a significant portion of the market such as AstraZeneca Plc, Pfizer Inc., Abbott, Novartis AG, Amgen Inc., Bristol Myers Squibb, BLUEBIRD BIO, GC Pharma, GlaxoSmithKline Plc. (GSK), ANTEROGEN BioSolutions, Terumo BCT, ORGANOGENESIS and Other Key Players.

  • Which region dominated the Global Regenerative Medicine Market?

    North America, dominates this market as it holds 52.7% of market share in 2023 and is expected to hold subsequent growth in the upcoming years as well.

  • Contents

      1.Introduction
        1.1.Objectives of the Study
        1.2.Market Scope
        1.3.Market Definition and Scope
      2.Regenerative Medicine Market Market Overview
        2.1.Global Regenerative Medicine Market Market Overview by Type
        2.2.Global Regenerative Medicine Market Market Overview by Application
      3.Regenerative Medicine Market Market Dynamics, Opportunity, Regulations, and Trends Analysis
        3.1.Market Dynamics
          3.1.1.Regenerative Medicine Market Market Drivers
          3.1.2.Regenerative Medicine Market Market Opportunities
          3.1.3.Regenerative Medicine Market Market Restraints
          3.1.4.Regenerative Medicine Market Market Challenges
        3.2.Emerging Trend/Technology
        3.3.PESTLE Analysis
        3.4.PORTER'S Five Forces Analysis
        3.5.Technology Roadmap
        3.6.Opportunity Map Analysis
        3.7.Case Studies
        3.8.Opportunity Orbits
        3.9.Pricing Analysis
        3.10.Ecosystem Analysis
        3.11.Supply/Value Chain Analysis
        3.12.Covid-19 & Recession Impact Analysis
        3.13.Product/Brand Comparison
      4.Global Regenerative Medicine Market Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Type, 2017-2032
        4.1.Global Regenerative Medicine Market Market Analysis by By Type: Introduction
        4.2.Market Size and Forecast by Region
        4.3.Cell Therapy
        4.4.Tissue Engineering
        4.5.Gene Therapy
        4.6.Others
      5.Global Regenerative Medicine Market Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Application, 2017-2032
        5.1.Global Regenerative Medicine Market Market Analysis by By Application: Introduction
        5.2.Market Size and Forecast by Region
        5.3.Oncology
        5.4.Dermatology
        5.5.Musculoskeletal
        5.6.Immunology
        5.7.Cardiovascular
        5.8.Ophthalmology
        5.9.Others
      10.Global Regenerative Medicine Market Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
        10.1.North America
          10.1.1.North America Regenerative Medicine Market Market: Regional Analysis, 2017-2032
            10.1.1.1.The US
            10.1.1.2.Canada
        10.2.1.Europe
          10.2.1.Europe Regenerative Medicine Market Market: Regional Trend Analysis
            10.2.1.1.Germany
            10.2.1.2.France
            10.2.1.3.UK
            10.2.1.4.Russia
            10.2.1.5.Italy
            10.2.1.6.Spain
            10.2.1.7.Nordic
            10.2.1.8.Benelux
            10.2.1.9.Rest of Europe
        10.3.Asia-Pacific
          10.3.1.Asia-Pacific Regenerative Medicine Market Market: Regional Analysis, 2017-2032
            10.3.1.1.China
            10.3.1.2.Japan
            10.3.1.3.South Korea
            10.3.1.4.India
            10.3.1.5.ANZ
            10.3.1.6.ASEAN
            10.3.1.7.Rest of Asia-Pacifc
        10.4.Latin America
          10.4.1.Latin America Regenerative Medicine Market Market: Regional Analysis, 2017-2032
            10.4.1.1.Brazil
            10.4.1.2.Mexico
            10.4.1.3.Argentina
            10.4.1.4.Colombia
            10.4.1.5.Rest of Latin America
        10.5.Middle East and Africa
          10.5.1.Middle East and Africa Regenerative Medicine Market Market: Regional Analysis, 2017-2032
            10.5.1.1.Saudi Arabia
            10.5.1.2.UAE
            10.5.1.3.South Africa
            10.5.1.4.Israel
            10.5.1.5.Egypt
            10.5.1.6.Turkey
            10.5.1.7.Rest of MEA
      11.Global Regenerative Medicine Market Market Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
        11.1.Market Share Analysis
        11.2.Company Profiles
        11.3.AstraZeneca Plc
          11.3.1.Company Overview
          11.3.2.Financial Highlights
          11.3.3.Product Portfolio
          11.3.4.SWOT Analysis
          11.3.5.Key Strategies and Developments
        11.4.Pfizer Inc
          11.4.1.Company Overview
          11.4.2.Financial Highlights
          11.4.3.Product Portfolio
          11.4.4.SWOT Analysis
          11.4.5.Key Strategies and Developments
        11.5.Abbott
          11.5.1.Company Overview
          11.5.2.Financial Highlights
          11.5.3.Product Portfolio
          11.5.4.SWOT Analysis
          11.5.5.Key Strategies and Developments
        11.6.Novartis AG
          11.6.1.Company Overview
          11.6.2.Financial Highlights
          11.6.3.Product Portfolio
          11.6.4.SWOT Analysis
          11.6.5.Key Strategies and Developments
        11.7.Amgen Inc.
          11.7.1.Company Overview
          11.7.2.Financial Highlights
          11.7.3.Product Portfolio
          11.7.4.SWOT Analysis
          11.7.5.Key Strategies and Developments
        11.8.Bristol Myers Squibb
          11.8.1.Company Overview
          11.8.2.Financial Highlights
          11.8.3.Product Portfolio
          11.8.4.SWOT Analysis
          11.8.5.Key Strategies and Developments
        11.9.BLUEBIRD BIO
          11.9.1.Company Overview
          11.9.2.Financial Highlights
          11.9.3.Product Portfolio
          11.9.4.SWOT Analysis
          11.9.5.Key Strategies and Developments
        11.10.GC Pharma
          11.10.1.Company Overview
          11.10.2.Financial Highlights
          11.10.3.Product Portfolio
          11.10.4.SWOT Analysis
          11.10.5.Key Strategies and Developments
        11.11.GlaxoSmithKline Plc. (GSK)
          11.11.1.Company Overview
          11.11.2.Financial Highlights
          11.11.3.Product Portfolio
          11.11.4.SWOT Analysis
          11.11.5.Key Strategies and Developments
        11.12.ANTEROGEN BioSolutions
          11.12.1.Company Overview
          11.12.2.Financial Highlights
          11.12.3.Product Portfolio
          11.12.4.SWOT Analysis
          11.12.5.Key Strategies and Developments
        11.13.ORGANOGENESIS
          11.13.1.Company Overview
          11.13.2.Financial Highlights
          11.13.3.Product Portfolio
          11.13.4.SWOT Analysis
          11.13.5.Key Strategies and Developments
        11.14.Other Key Players
          11.14.1.Company Overview
          11.14.2.Financial Highlights
          11.14.3.Product Portfolio
          11.14.4.SWOT Analysis
          11.14.5.Key Strategies and Developments
      12.Assumptions and Acronyms
      13.Research Methodology
      14.Contact
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