Regenerative Medicine Market to Reach $30,237 Million, Globally, by 2022 - Allied Market Research

PORTLAND, Oregon, August 31, 2016 /PRNewswire/ --

A new report published by Allied Market Research titled, "Regenerative Medicine Market- Global Opportunity Analysis and Industry Forecast, 2014 - 2022", projects that the global regenerative medicine market would reach $30,237 million by 2022. Cell therapy segment is expected to dominate the market throughout the forecast period. North America led the global market in 2015, and is expected to remain dominant during the 2015-2022.

     (Logo: http://photos.prnewswire.com/prnh/20140911/647229 )

Major factors boosting the market growth include technological advancements in tissue & organ regeneration, increase in prevalence of chronic diseases & trauma emergencies, prominent potential of nanotechnology, and emergence of stem cell technology. In addition, increase in incidence of degenerative diseases and limited availability of organs for transplants are expected to boost the market growth. The ability of regenerative medicine to replace, repair, and regenerate damaged tissues & organs stimulated the market growth.

The utilization of nano-materials in wound care, drug delivery, and immunomodulation would create new growth opportunities for the market. However, stringent regulations, operational inefficiency, lack of awareness about tissue engineering & regenerative medicine-based products and high cost restricts its growth. An analyst at Allied Market Research states, Advancements in stem cell technology and growing demand of regenerative medicine in the emerging economies would fuel the market growth. In addition, the developed nations are adopting technological advancements in tissue engineering and regenerative medicine field at a rapid pace, which is expected to aid market expansion worldwide.

Sample of the Regenerative Medicine Market Report can be accessed on the website at https://www.alliedmarketresearch.com/regenerative-medicines-market

The cell therapy segment accounted for over three-fifths of the overall regenerative medicine market in 2015. This was due to the wide adoption of cell therapy for the treatment of several diseases such as musculoskeletal, cardiovascular, oncology, wound healing, and others. Small molecules & biologics has emerged as the fastest growing segment and is projected to register a CAGR of 34.2% during the forecast period. This is due to biologics, which is a classic active substance, delivering a better overall economic return. These molecules have revolutionized the treatment of specific diseases such as cancer, musculoskeletal diseases, rheumatoid arthritis, and non-healing wounds.