Regenerative medicine is a branch involved in the repair, replace and regenerate tissues and organs affected due to injury, disease or natural ageing process. These medicines can restore the functionality of cells and tissues and are used in various strategies like cell therapy, gene therapy, and tissue engineering.
Asia-Pacific Regenerative Medicines market share:
By application, the market is segmented into orthopaedic, oncology, diabetes, cardiology and central nervous system. Among this oncology is having the great share and fastest growth in the market.
Asia-Pacific Regenerative Medicines market size:
The market is valued at USD 17.625 Billion in 2017 and is expected to reach USD 51.453 Billion by 2024 at a CAGR of 23.8%.
The market is predominant in Asia-Pacific, and it continues during the forecast period. North America is in its growing phase and is holding the largest in regenerative medicines market as the therapies are in the 3rd phase of clinical trials.
Asia-Pacific Regenerative Medicines market growth:
The primary factors influencing the market growth are growing prevalence of chronic diseases such
Asia-Pacific Regenerative Medicines industry analysis:
The market is majorly divided into products, application, therapy, material and agent type. By-products it is segmented into cell-based and acellular, and by therapy, the market is segmented into the cell, therapy, tissue and gene therapy. By application, the market is segmented into orthopaedic, dermatology, cardiology, oncology and central nervous system. By material, the market is categorised into algae-derived alginate, synthetic polymer, polylactide- coglycolide, polyethylene glycol and hydrogels. Final segmentation is based on agent type it is into biologics, cell-based medical devices, and biopharmaceuticals.
Asia-Pacific Regenerative Medicines Market Outlook:
Regenerative medicines are those have the ability to repair, replace and regenerate tissues and organs of affected due to disease, injury and natural ageing process. Many industries and firms are trying to develop new technologies and advancements to improve the market growth.
Asia-Pacific Regenerative Medicines Market Trends:
Recent acquisitions in biotechnology
Asia-Pacific Regenerative Medicines Market Research Report Includes:
Starting from $2700
Starting from $2700
Starting from $2700
Keep up-to-date with our weekly newsletter, Media Pulse.