ALBANY, New York, September 16, 2016 /PRNewswire/ --
According to a report by Transparency Market Research (TMR), the
global market for regenerative medicines held an opportunity of
US$2.6 bn in 2012. Expanding at a
CAGR of 12.80% during the period from 2013 to 2019, it is likely to
reach US$6.4 bn by the end of
2019.
The emergence of regenerative medicines has revolutionized the
medical and healthcare industry across the world. The distinctive
ability of these medicines to repair, restore, and regenerate
tissues and organs, damaged due to injuries, diseases, or as a
result of the natural aging process has opened up a wide range of
applications for them.
As these medicines hold the capability to restore the
functionality of tissues and organs, their application in the
treatment of musculoskeletal diseases, cardiovascular diseases, and
orthopedic disorders has remarkably increased, which has led to a
substantial rise in the opportunity for the global market.
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What are the key trends that are influencing the global
market for regenerative medicines significantly?
The technological advancement in tissue engineering is one of
the key trends that are influencing the global regenerative
medicines market positively, specifically in the bone and joint
segment. Another prominent trend having positive impact on this
market is the growing prevalence of bone and joint disorders, which
is leading to a remarkable surge in the demand for regenerative
medicine across the world.
On the other hand, the implementation of stringent regulatory
measures to avoid malpractices may negatively impact this market in
the near future. The increasing reports of post-implant infections
are also projected to hamper the adoption of regenerative medicines
and limit the market's growth to some extent over the next few
years.
How the market of regenerative medicines have been performing
in various regions?
Regionally, the global market for regenerative medicines is
spread across Europe, Asia Pacific, North
America, and the Rest of the World. Among these,
North America holds the leading
share in this market. The escalating number of orthopedic
reconstructive surgeries and the increasing introduction of
technologically advanced medical products and devices have been
boosting the adoption of regenerative medicines in this region.
Europe, which emerged second in
2012, has been continuing in this position since then. The presence
of a large base of the geriatric population has been driving the
demand for regenerative medicine in this region. However, after the
emergence of Asia Pacific, which
stood third in 2012, as the most promising market for regenerative
medicines, Europe is expected to
witness a considerable decline in its market share over the next
few years. The large pool of potential reconstructive surgery
patients is likely to drive the demand for regenerative medicines
in Asia Pacific in the near
future.
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What are the strategies leading producers of regenerative
medicines prefer to adopt while looking for business
expansion?
DePuy Synthes, Stryker Corp., Zimmer Holding, and Synthes Inc.
are the leading producers of regenerative medicines across the
world. These companies mostly rely upon product innovation to
strengthen their product portfolios. Recently, DePuy Synthes
attained the pre-market approval from the U.S. FDA for Ceramax, a
ceramic-on-ceramic hip system. According to the developer, Ceramax
is a new generation nano-composite material with is a unique
combination of Biolox Delta ceramic head and Pinnacle's modular
bearing system. With this launch, DePuy Synthes expects a
significant expansion in its customer base.
Other prominent players in this market are Smith & Nephew
Plc., CONMED Corp., Arthrex Inc., and Anika Therapeutics Inc.
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Global regenerative medicine market has been segmented as:
Regenerative Medicine (Bone and Joint) Market, by
Technology
- Stem Cell Therapy
- Biomaterial
- Tissue Engineering
Regenerative Medicine (Bone and Joint) Market, by
Application
- Bone Graft Substitutes
- Osteoarticular Diseases
- Allogeneic Bones
- Autogenic Bones
- Others
Regenerative Medicine (Bone and Joint) Market, by
Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World
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