According to Future Market Insights’ newly released Cell Regeneration Medicine Market analysis report, the global market valuation stands at US$ 30.3 Bn in 2021 and is expected to be valued at US$ 34.3 Bn by the end of 2022. The market is expected to rise significantly at a CAGR of 14.4% and the global valuation is expected to be US$ 130.8 Bn by the end of 2032. During the forecasted period (2022-2032), the global market is anticipated to offer an absolute dollar opportunity of US$ 96.5 Bn.
The Therapeutics segment is predicted to be the top product segment in the Cell Regeneration Medicine Market with an expected CAGR of 16.5% for the period between 2022 and 2032. This is significantly higher from the historical CAGR of 14.1% owing to higher adoption of primary cell-based therapies in clinical application and their increased usage in different therapeutic indications.
Furthermore, Cell Regeneration Medicine garners highest revenue through the Oncology segment, which accounts for over a quarter share. The market revenue through Oncology segment is expected to experience the CAGR of 13.1% in the therapeutic category as compared to its historical average of 11.4%. The category is expected to rise due to high cancer prevalence, increasing investments in cancer research, development of advanced cell therapies and initiatives to reduce cancer burden.
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Revenue of Cell Regeneration Medicine Market from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032
As per the publications released by Future Market Insights – market research and competitive intelligence provider, on Cell Regeneration Medicine Market, the market is currently valued at US$ 30.3 Bn in 2021 and is expected to rise at a CAGR of 14.4% during the period between 2022 and 2032. This growth has been significantly higher than the historical growth of 12.4%. The market is expected to offer an absolute dollar opportunity of US$ 96.5 Bn between 2022 and 2032. By the end of 2032, the global market for Cell Regeneration Medicine is likely to hit the valuation of US$ 130.8 Bn.
The market valuation is projected to grow at a significant CAGR of 14.4% as compared to historical CAGR of 12.4% owing to factors such as introduction of gene therapy, advancements in stem cell and tissue engineering, ongoing funding in R&D by government and commercial entities and continuous regulatory approvals for advanced therapeutic medical products.
- The Cell Regeneration Medicine Market was valued at US$ 30.3 Bn in 2021 and is expected to reach the valuation of US$ 34.3 Bn by the end of 2022.
- During 2017-2021, the demand Cell Regeneration Medicine demand grew at a CAGR of 12.4%.
- By the end of 2032, the global market will reach a valuation of US$ 130.8 Bn by growing at a CAGR of 14.4% between 2022 and 2032.
- Cell Regeneration Medicine market is projected to grow by 3.8X during the period between 2022 and 2032.
- The Therapeutics segment dominates the global market for Cell Regeneration Medicines and is expected to remain a dominant segment with a CAGR of 16.5% during the period between 2022 and 2032.
- The Oncology segment is expected to be the largest revenue grosser throughout the analysis period which is expected to grow at a CAGR of 13.1% during the forecast period.
- The U.S. market dominates the global market for the Cell Regeneration Medicines with nearly 40% share and is expected to increase at a CAGR of 14.2% during the forecast period.
What Factors are driving the Growth of Cell Regeneration Medicine Market?
Global Cell Regeneration Medicine Market is likely to be driven by the introduction of gene therapy, advancements in stems cells and growth in tissue engineering. Furthermore, various projects like T-Cell therapy, which comes under the manufacturing industry of cell therapy regenerative medicine are being undertaken by any businesses in cooperation with other businesses or research institutions. Furthermore, the government regulatory approvals has led to increase in the market growth.
The global pandemic has provided the global players with various chances to bring medicinal solution to fight against SARS-COV-2. Along with various initiatives, the ongoing investments by government and private sector agencies in R&D has accelerated the industry’s advancement. Companies are collaborating to expand their R&D skills to develop and sell innovative therapies to secure a position in a competitive global market.
Researchers’ perspectives on Cell Regeneration Medicine have been transformed by technological developments like Nanotechnology, 3D bioprinting techniques and AI in stem cell-based therapeutics. These developments are making dermatological grafting operations like persistent burns, bone abnormalities and skin wounds more efficient. The market is being driven by the rising frequency of chronic medical conditions and genetic abnormalities such as congestive heart failure, myocardial infarction, Parkinson’s disease and various kinds of bone losses. In addition, the growing elderly population suffering from musculoskeletal, oncological and cardiological problems is driving market expansion.
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What Factors are restraining the Growth of Global Cell Regeneration Medicine Market?
The sales of Cell Regeneration Medicine is likely to be affected by the high cost of therapies. This high cost of treatment acts as a barrier in entering the new market. People in emerging economies are unable to finance organ transplantation due to socioeconomic constraints. Organ trafficking is a serious crime that is in prevalence due to a scarcity of organs.
The developing countries pose to be a potential market with rising rates of chronic diseases, hereditary diseases, rising geriatric population and higher demanding regions for organs and biomaterials. But with little awareness of Cell Regeneration Medicine, these potential markets are difficult to capture. The gene correction treatment involves nucleases that have been modified to successfully change the human genome. However, the use of gene correction treatment is limited due to some unintended consequences, such as cell manipulation, which has impacted the efficacy of cell formation and proliferation. However, with sufficient capital and financing, R&D is proceeding toward the cost-effective commercialization of such complex medical operations.
Country-wise Analysis
Which Country is the Driving Force for the growth of the Global Cell Regeneration Medicines Market?
In 2021, the United States Accounted for nearly 2/5th share of the global market for Cell Regeneration Medicines. The U.S. market growth is significantly higher from its historical average growth of 11.9%. Between 2022 and 2032, the market is estimated to witness an absolute dollar opportunity of US$ 36.6 Bn.
The presence of significant players in the United States, the availability of modern technologies and increasing financing of research institutes involved in the creation of innovative treatments can all be attributed to this expansion. In addition, the United States has the biggest revenue flow due to a large number of clinical trials, the availability of financing, and various government and private-sector efforts. For example, the US Department of Health and Human Services launched a campaign to place Cell Regeneration Medicine at the forefront of healthcare.
Which Country is expected to grow rapidly in the Global Cell Regeneration Medicines Market?
According to Future Market Insights data, the market in China is anticipated to grow at the fastest rate of 18.2% between 2022 and 2032. The projected CAGR of the U.S. is significantly higher than the historical CAGR of 13.7%. In the next ten years, the Chinese market is estimated to offer an absolute dollar opportunity of US$ 14.8 Bn to reach a valuation of US$ 17.8 Bn.
The rising CAGR of the Chinese market for Cell Regeneration Medicines is attributed to the rapid expansion of healthcare infrastructure and research institutes to accelerate stem cell research in a rapidly developing market. With rising government approvals for research projects involving human embryonic stem cells, scientists are encouraged to investigate the cells’ clinical potential. Additionally, the rising prevalence of cardiovascular and musculoskeletal illnesses is driving this trend. Furthermore, the market is likely to be explored by global players targeting the untapped segments of the market.
Category-wise Insights
Which Product Type is gaining the Utmost Traction in Cell Regeneration Medicine Market?
The Therapeutics segment is the largest revenue generating segment in the Global Cell Regeneration Medicine Market, growing at a CAGR of 17.8% during the period between 2022 and 2032.
Despite source diversification, this category is anticipated to maintain its leadership position in the marketplace throughout the projected period. Primary cell-based therapies are the most developed medications available from the medical sector, as they are suitable for use in both clinical applications and approved in different areas. In addition, the stem cell & progenitor cell-based therapies market is predicted to grow significantly over the forecast years, owing to increased investments in stem cell research and regulatory policy revisions.
Which Therapeutic Category is expected to drive the Growth of Global Cell Regeneration Medicines Market?
Oncology therapeutic category is expected to lead the market with the highest share in global market for Cell Regeneration Medicines. It is forecasted to grow at a CAGR of 13.1% during the period.
This can be attributable to high cancer prevalence globally and the development of efficient cancer treatment options. Furthermore, huge investments by government organizations and private companies to finance cancer research is aiding the growth.
Competitive Analysis
A number of companies invested in the development of cell regenerative medicine to meet demand for clinical needs without resorting to more-invasive procedures. The market is extremely competitive, and players are making joint efforts for product development.
Some of the prominent Cell Regeneration Medicine manufacturers are AstraZeneca plc, Astellas Pharma, Inc., F. Hoffmann-La Roche Ltd., Integra Lifesciences Corp., Cook Biotech, Inc., Bayer AG, Pfizer, Inc., Merck KGaA, Abbott, Vericel Corp., Novartis AG, GlaxoSmithKline (GSK), Baxter International, Inc., Takara Bio, Inc.
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The recent developments in the Global Cell Regeneration Medicine Market are:
- In January 2022, AstraZeneca collaborated with Neurimmune AG and signed the licence agreement for the development of NI006, an antibody to treat patients with advanced ATTR-CM.
- In October 2021, FDA approved the REGEN-COV on a priority basis for the treatment of Covid 19.
Cell Regeneration Medicine Market Report Scope
Details
Forecast Period
2022-2032
Historical Data
2017-2021
Quantitative Units
In US$ Mn
Key Regions Covered
North America, Latin America, Europe, APAC and MEA
Key Countries Covered
United States, China, Japan, South Korea, U.K., Canada, Brazil, Mexico, Germany, France, Spain, Italy, Russia, India, Australia, South Africa, Saudi Arabia, UAE, Israel
Key Market Segments Covered
Product Type, Therapeutic Category and Region
Market Segments Covered in Cell Regeneration Medicine Market Analysis
By Product Type:
- Therapeutics
- Primary Cell-based Therapeutics
- Stem Cell & Progenitor Cell-based Therapeutics
- Cell-based Immunotherapies
- Gene Therapies
- Tools
- Banks
- Services
By Therapeutic Category:
- Dermatology
- Musculoskeletal
- Immunology & Inflammation
- Oncology
- Cardiovascular
- Ophthalmology
- Other Therapeutic Categories
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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