Tissue Engineering Market Size is Set to Reach USD 53,424.00 Million By 2024, Industry Overview, Demand Insight, Technology Trends, Top Leaders, Regional Analysis

“Tissue Engineering Market”

Tissue Engineering Market Analysis

The global tissue engineering market is poised to grow at a healthy 17.84% CAGR over the estimated years (2017-2024). Tissue engineering simply put, is the utilization of combination of engineering materials, suitable biochemical factors and cells to replace or augment biological functions for repairing damaged organs and tissues. It is a method of biomaterial development combining biologically active molecules, cells and scaffolds into functional tissues. Tissue engineering creates functional constructs which restore, improve or maintain whole organs or damaged tissues. It can replace the presently used tissue repair solutions such as mechanical devices, surgical reconstruction and transplants. Tissue engineering has a couple of key application segments including neurology, cardiology and vascular, spine, orthopedics, musculoskeletal, urology, dental, skin or integumentary, GI and gynecology, cord blood and cell banking and cancer.

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There are numerous factors that is driving the growth of the tissue engineering market. These factors according to MRFR (Market Research Future) report include increasing cases of road accidents, trauma injuries and chronic diseases, increasing government funding and initiatives for ongoing tissue regeneration research, recent technological advancements namely use of nanotechnology in the process of tissue regeneration and 3D tissue engineering and increasing prevalence of cancer. On the contrary, stringent regulations for approvals, high price of tissue engineering treatment, time taking method to develop tissues, and concerns associated to hidden diseases or illness in the base tissue are some factors that may deter the tissue engineering market growth over the estimated years.

Tissue Engineering Market Segmentation

MRFR report offers a complete segmental analysis of the tissue engineering market on the basis of materials and applications.

Based on materials, it is segmented into nano-composite material, composite materials, nano-fibrous materials and biomimetic materials. Of these, nano-fibrous segment will dominate the tissue engineering market over the estimated years.

Based on applications, the tissue engineering market is segmented into GI and gynecology, cord blood and cell banking, neurology, urology, cardiology, dental, cancer, skin/integumentary and orthopedics, musculoskeletal and spine. Of these, orthopedics, musculoskeletal and spine will have the maximum share in the market over the estimated years.

Tissue Engineering Market Regional Analysis

By region, the tissue engineering market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and the Middle East and Africa. Of these, North America will have an edge over others during the estimated years. The factors can be attributed to growing developments in regeneration surgeries, especially stem cell research that has opened new opportunities, existence of global market players and constant technological development methods. The tissue engineering market in Europe will hold the second major share owing to accessibility of funds for R&D activities, increasing support from the government for life science sector and industries that are constantly focusing and also upgrading 3D technology that is offering enhanced and better tissue and organ printing methods. In the APAC region, the tissue engineering market will grow at the fastest pace over the estimated years owing to improved economic situations in the healthcare sector, more focus by the government on R&D in the healthcare domain, increasing use of technological development in the healthcare domain leading to improvement in healthcare facilities which is projected to fuel the market in this region over the estimated years. On the other hand, the tissue engineering market in the Middle East and Africa is projected to have limited growth owing to less encouragement in the healthcare sector from the government, dearth of advanced medical facilities and limited access to healthcare resources.

Tissue Engineering Market Key Players

Leading players profiled in the tissue engineering market include Stryker, Zimmer Inc., Medtronic, DePuy Synthes Companies, Baxter, Acelity and Cook.

March 2019- The Department of Biomedical Engineering in UCI are coming up with a tissue engineering approach for TMJ disorders. They are creating biological TMJ discs which will be ideal for human implantation. The end product which they aspire to use to treat the TMJ disc afflictions is a product that is tissue-engineered which is fully biological, alive and mechanically comparable with the real thing.

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TABLE OF CONTENTS

1 Executive Summary$ 1,350.00

2 Market Introduction$ 0.00

2.1 Definition 14

2.2 Scope Of The Study 14

2.3 Assumptions & Limitations 15

2.3.1 Assumptions 15

2.3.2 Limitations 15

2.4 Market Structure 15

3 Research Methodology$ 0.00

3.1 Research Process 16

3.2 Primary Research 17

3.3 Secondary Research 18

3.4 Market Size Estimation 19

3.5 Forecast Model 19

4 Market Dynamics$ 950.00

4.1 Overview 20

4.2 Drivers 21

4.2.1 Growing Geriatric Population 21

4.2.2 Increasing Incidence Rate Of Chronic And Infectious Diseases 21

4.2.3 3D Bioprinting Emerging As A Novel Tissue Engineering Strategy Due To Its Cost Efficiency 21

4.2.4 Increased Focus Of Companies On Tissue Engineering-Based Therapies 21

4.3 Restraints 22

4.3.1 Lack Of Awareness Regarding Tissue Engineering 22

4.3.2 Lack Of Skilled Professionals 22

4.3.3 Stringent Regulatory Policies 22

4.4 Opportunity 23

4.4.1 Entering Developing Economies 23

4.4.2 High Demand For Tissue Engineering In Cosmetic And Reconstructive Surgery 23

4.5 Mega Trends 23

4.6 Macroeconomic Indicators 24

5 Market Factor Analysis$ 950.00

…Continued

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