Analysts’ Viewpoint on Market Scenario
Mesenchymal stem cells are being publicized for exerting therapeutic effects through the induction of immune responses and neutralizing antibody titers among COVID-19 patients.
Regenerative medicine offers various cell-tissue therapeutics and related products, such as stem cell therapy, natural killer (NK) cell therapy, Chimeric antigen receptor (CAR) T cell therapy, exosomes, and tissue products. However, lack of awareness and risk of complications in patients are inhibiting market growth. Hence, aspiring market players and established companies entering the fray should bolster R&D investments to increase the availability of effective products in order to prevent patient complications.
Stakeholders should educate patients about the risks and benefits of regenerative medicine to improve clinical outcomes & help them make informed treatment decisions.
A large pool of elderly worldwide population and the rising instances of external & internal injuries have led to increased uptake of regenerative medicines, especially for bone & joint injuries. However, this is a relatively new concept, which promotes the human body’s natural capacity to heal. Thus, to increase awareness about regenerative medicine, healthcare facilities are investing in advertising & marketing such as setting up standees in hospitals to increase visibility about therapeutics.
Another factor that has served to boost the global market for regenerative medicine is the technological progress in biomaterials. Despite such tailwinds, however, the market is yet to reach its full potential, owing to regulatory constraints, complications & infections, and other ethical concerns.
The regenerative medicine market at present is in the nascent stage, and hence has a strong potential to grow in the near future. Hence, many aspiring players are entering the fray and upping the ante against their well-entrenched counterparts with more effective products. This is also expected to heat up competition in the market for regenerative medicine, which at present is fragmented and requires R&D investment.
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Since healthcare companies are under scrutiny for increasing treatment options for COVID-19 and its variants such as NeoCoV & Omicron, stakeholders in the regenerative medicine market are taking this opportunity to boost their R&D capabilities.
Stakeholders are collaborating with experts to increase studies in order to find the best therapeutic approach for the novel infection. This has led to findings in mesenchymal stem cells (MSCs) that help to reduce inflammatory symptoms and protect against cytokine storm which critically contributes to the COVID-19 progression in patients.
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The regenerative medicine market has been broadly divided on the basis of technology into biomaterials, stem cell therapy, and tissue engineering. Of these, stem cell technology holds the maximum potential in the market at present.
It is a bio-based alternative that is gaining traction in spite of the swift development of synthetic options. This can be ascribed to the high generative capacity of the stem cells that bring about the production of other cells in the body. Not only in bone and joint disorders, but regenerative medicine also finds usage in treating retinal diseases, cancer, diabetes, Alzheimer’s, rheumatoid arthritis, cerebral palsy, autism spectrum, and others.
Moreover, stem cells are predicted to play a crucial role in regenerative medicine, which serves to treat the primary cause of the ailment, instead of the symptoms, unlike other medicines. Many breakthroughs have already been reported in this direction. However, despite all the progress in the domain of stem cell therapy, the segment of biomaterials accounts for a leading revenue share at present and is expected to retain its dominance.
From a geographical standpoint, North America dominates the global market for regenerative medicine. This can be attributed to extensive, cutting-edge research and development (R&D) being carried out in the U.S. Large investment allocations by both government and private players are contributing toward the growth of the U.S. regenerative medicine market. Another reason for the dominance of North America is the large elderly population in the region who are highly susceptible to bone & joint issues and the high medical spending of the overall population.
Asia Pacific is another attractive region in the market for regenerative medicine. Numerous factors such as a strengthening healthcare infrastructure, a large patient pool due to a high population,
surging awareness about regenerative medicines, and increasing ability of people to spend on better treatments are playing a key role in promoting market growth in this region. Japan is one of the main markets in this region, owing to fewer regulatory restraints, coupled with technological advancements in the area of regenerative medicine.
Attribute | Detail |
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Market Size Value in 2020 | US$ 6.0 Bn |
Market Forecast Value in 2028 | US$ 12.9 Bn |
Growth Rate (CAGR) | 10.3% (Year to Year) |
Forecast Period | 2021-2028 |
Quantitative Units | US$ Mn for Value |
Market Analysis | It includes cross-segment analysis at the global as well as regional levels. Moreover, the qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview. |
Competition Landscape |
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Format | Electronic (PDF) + Excel |
Market Segmentation |
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Regions Covered |
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Countries Covered |
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Companies Profiled |
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Customization Scope | Available upon request |
Pricing | Available upon request |
Regenerative Medicine Market - Segmentation
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The global market is expected to reach the value of US$ 12.9 Bn by the end of 2028
The global market is estimated to expand at a CAGR of 10.3% from 2021 to 2028
Regenerative medicine market is driven by incidence and prevalence of chronic diseases such as CVD, cancer, diabetes, ulcers, and genetic disorders such as cystic fibrosis have increased across the globe
North America is a major contributor to the global market, owing to the presence of a large number of leading companies
Key players in the global market include Smith & Nephew plc, Anika Therapeutics Inc., DePuy Synthes, Inc., Baxter International, Inc., Stryker Corporation, Medtronic, Inc., Arthrex, Inc.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Regenerative Medicines Market
4. Market Overview
4.1. Introduction
4.1.1. Technology Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Regenerative Medicines Market Analysis and Forecast, 2017-2028
5. Key Insights
5.1. Technological Advancements
5.2. Key Mergers & Acquisitions
5.3. Regulatory Scenario by Region/globally
5.4. COVID-19 Pandemics Impact on Industry
6. Global Regenerative Medicines Market Analysis and Forecast, by Technology
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Technology, 2017-2028
6.3.1. Stem Cell
6.3.2. Biomaterial
6.3.3. Tissue Engineering
6.4. Market Attractiveness Analysis, by Technology
7. Global Regenerative Medicines Market Analysis and Forecast, by Application
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by Application, 2017-2028
7.3.1. Bone Graft Substitutes
7.3.2. Osteoarticular Diseases
7.3.3. Allogeneic Bones
7.3.4. Autogenic Bones
7.3.5. Others
7.4. Market Attractiveness Analysis, by Application
8. Global Regenerative Medicines Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness Analysis, by Region
9. North America Regenerative Medicines Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Technology, 2017-2028
9.2.1. Stem Cell
9.2.2. Biomaterial
9.2.3. Tissue Engineering
9.3. Market Value Forecast, by Application, 2017-2028
9.3.1. Bone Graft Substitutes
9.3.2. Osteoarticular Diseases
9.3.3. Allogeneic Bones
9.3.4. Autogenic Bones
9.3.5. Others
9.4. Market Value Forecast, by Country, 2017-2028
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Technology
9.5.2. By Application
9.5.3. By Country
10. Europe Regenerative Medicines Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Technology, 2017-2028
10.2.1. Stem Cell
10.2.2. Biomaterial
10.2.3. Tissue Engineering
10.3. Market Value Forecast, by Application, 2017-2028
10.3.1. Bone Graft Substitutes
10.3.2. Osteoarticular Diseases
10.3.3. Allogeneic Bones
10.3.4. Autogenic Bones
10.3.5. Others
10.4. Market Value Forecast, by Country/Sub-region, 2017-2028
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Technology
10.5.2. By Application
10.5.3. By Country/Sub-region
11. Asia Pacific Regenerative Medicines Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Technology, 2017-2028
11.2.1. Stem Cell
11.2.2. Biomaterial
11.2.3. Tissue Engineering
11.3. Market Value Forecast, by Application, 2017-2028
11.3.1. Bone Graft Substitutes
11.3.2. Osteoarticular Diseases
11.3.3. Allogeneic Bones
11.3.4. Autogenic Bones
11.3.5. Others
11.4. Market Value Forecast, by Country/Sub-region, 2017-2028
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Technology
11.5.2. By Application
11.5.3. By Country/Sub-region
12. Latin America Regenerative Medicines Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Technology, 2017-2028
12.2.1. Stem Cell
12.2.2. Biomaterial
12.2.3. Tissue Engineering
12.3. Market Value Forecast, by Application, 2017-2028
12.3.1. Bone Graft Substitutes
12.3.2. Osteoarticular Diseases
12.3.3. Allogeneic Bones
12.3.4. Autogenic Bones
12.3.5. Others
12.4. Market Value Forecast, by Country/Sub-region, 2017-2028
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Technology
12.5.2. By Application
12.5.3. By Country/Sub-region
13. Middle East & Africa Regenerative Medicines Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Technology, 2017-2028
13.2.1. Stem Cell
13.2.2. Biomaterial
13.2.3. Tissue Engineering
13.3. Market Value Forecast, by Application, 2017-2028
13.3.1. Bone Graft Substitutes
13.3.2. Osteoarticular Diseases
13.3.3. Allogeneic Bones
13.3.4. Autogenic Bones
13.3.5. Others
13.4. Market Value Forecast, by Country/Sub-region, 2017-2028
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Technology
13.5.2. By Application
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player - Competition Matrix (by tier and size of companies)
14.2. Market Share Analysis, by Company, 2020
14.3. Company Profiles
14.3.1. Smith & Nephew plc
14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.1.2. Financial Analysis
14.3.1.3. Growth Strategies
14.3.1.4. SWOT Analysis
14.3.2. Anika Therapeutics, Inc.
14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.2.2. Financial Analysis
14.3.2.3. Growth Strategies
14.3.2.4. SWOT Analysis
14.3.3. DePuy Synthes, Inc.
14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.3.2. Financial Analysis
14.3.3.3. Growth Strategies
14.3.3.4. SWOT Analysis
14.3.4. Baxter International, Inc.
14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.4.2. Financial Analysis
14.3.4.3. Growth Strategies
14.3.4.4. SWOT Analysis
14.3.5. Stryker Corporation
14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.5.2. Financial Analysis
14.3.5.3. Growth Strategies
14.3.5.4. SWOT Analysis
14.3.6. Medtronic, Inc.
14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.6.2. Financial Analysis
14.3.6.3. Growth Strategies
14.3.6.4. SWOT Analysis
14.3.7. Arthrex Inc.
14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.7.2. Financial Analysis
14.3.7.3. Growth Strategies
14.3.7.4. SWOT Analysis
14.3.8. Zimmer Holdings, Inc.
14.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.8.2. Financial Analysis
14.3.8.3. Growth Strategies
14.3.8.4. SWOT Analysis
14.3.9. CONMED Corporation
14.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.9.2. Financial Analysis
14.3.9.3. Growth Strategies
14.3.9.4. SWOT Analysis
List of Tables
Table 01: Global Regenerative Medicine Market Value (US$ Mn) Forecast, by Technology, 2017-2028
Table 02: Global Regenerative Medicine Market Value (US$ Mn) Forecast, by Application, 2017-2028
Table 03: Global Regenerative Medicine Market Value (US$ Mn) Forecast, by Region, 2017-2028
Table 04: North America Regenerative Medicine Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 05: North America Regenerative Medicine Market Value (US$ Mn) Forecast, by Technology, 2017-2028
Table 06: North America Regenerative Medicine Market Value (US$ Mn) Forecast, by Application, 2017-2028
Table 07: Europe Regenerative Medicine Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 08: Europe Regenerative Medicine Market Value (US$ Mn) Forecast, by Technology, 2017-2028
Table 09: Europe Regenerative Medicine Market Value (US$ Mn) Forecast, by Application, 2017-2028
Table 10: Asia Pacific Regenerative Medicine Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 11: Asia Pacific Regenerative Medicine Market Value (US$ Mn) Forecast, by Technology, 2017-2028
Table 12: Asia Pacific Regenerative Medicine Market Value (US$ Mn) Forecast, by Application, 2017-2028
Table 13: Latin America Regenerative Medicine Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 14: Latin America Regenerative Medicine Market Value (US$ Mn) Forecast, by Technology, 2017-2028
Table 15: Latin America Regenerative Medicine Market Value (US$ Mn) Forecast, by Application, 2017-2028
Table 16: Middle East & Africa Regenerative Medicine Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 17: Middle East & Africa Regenerative Medicine Market Value (US$ Mn) Forecast, by Technology, 2017-2028
Table 18: Middle East & Africa Regenerative Medicine Market Value (US$ Mn) Forecast, by Application, 2017-2028
List of Figure
Figure 01: Global Regenerative Medicine Market Value Share Analysis, by Technology, 2021 and 2028
Figure 02: Global Regenerative Medicine Market Attractiveness Analysis, by Technology, 2021-2028
Figure 03: Global Regenerative Medicine Market Value Share Analysis, by Application, 2021 and 2028
Figure 04: Global Regenerative Medicine Market Attractiveness Analysis, by Application, 2021-2028
Figure 05: North America Regenerative Medicine Market Value (US$ Mn) Forecast, 2017-2028
Figure 06: North America Regenerative Medicine Market Value Share Analysis, by Country, 2021 and 2028
Figure 07: North America Regenerative Medicine Market Attractiveness Analysis, by Country, 2021-2028
Figure 08: North America Regenerative Medicine Market Value Share Analysis, by Technology, 2021 and 2028
Figure 09: North America Regenerative Medicine Market Attractiveness Analysis, by Technology, 2021-2028
Figure 10: North America Regenerative Medicine Market Value Share Analysis, by Application, 2021 and 2028
Figure 11: North America Regenerative Medicine Market Attractiveness Analysis, by Application, 2021-2028
Figure 12: Europe Regenerative Medicine Market Value (US$ Mn) Forecast, 2017-2028
Figure 13: Europe Regenerative Medicine Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 14: Europe Regenerative Medicine Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 15: Europe Regenerative Medicine Market Value Share Analysis, by Technology, 2021 and 2028
Figure 16: Europe Regenerative Medicine Market Attractiveness Analysis, by Technology, 2021-2028
Figure 17: Europe Regenerative Medicine Market Value Share Analysis, by Application, 2021 and 2028
Figure 18: Europe Regenerative Medicine Market Attractiveness Analysis, by Application, 2021-2028
Figure 19: Asia Pacific Regenerative Medicine Market Value (US$ Mn) Forecast, 2017-2028
Figure 20: Asia Pacific Regenerative Medicine Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 21: Asia Pacific Regenerative Medicine Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 22: Asia Pacific Regenerative Medicine Market Value Share Analysis, by Technology, 2021 and 2028
Figure 23: Asia Pacific Regenerative Medicine Market Attractiveness Analysis, by Technology, 2021-2028
Figure 24: Asia Pacific Regenerative Medicine Market Value Share Analysis, by Application, 2021 and 2028
Figure 25: Asia Pacific Regenerative Medicine Market Attractiveness Analysis, by Application, 2021-2028
Figure 26: Latin America Regenerative Medicine Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 27: Latin America Regenerative Medicine Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 28: Latin America Regenerative Medicine Market Attractiveness Analysis, by Technology, 2021-2028
Figure 29: Latin America Regenerative Medicine Market Value Share Analysis, by Application, 2021 and 2028
Figure 30: Latin America Regenerative Medicine Market Attractiveness Analysis, by Application, 2021-2028
Figure 31: Middle East & Africa Regenerative Medicine Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 32: Middle East & Africa Regenerative Medicine Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 33: Middle East & Africa Regenerative Medicine Market Attractiveness Analysis, by Technology, 2021-2028
Figure 34: Middle East & Africa Regenerative Medicine Market Value Share Analysis, by Application, 2021 and 2028
Figure 35: Middle East & Africa Regenerative Medicine Market Attractiveness Analysis, by Application, 2021-2028