Segmentation
Tissue Engineering Market has been segmented on the basis of materials, which comprises of biomimetic materials, nano-fibrous materials, composite materials, and nano-composite material.
On the basis of applications, the market is segmented into orthopedics, musculoskeletal and spine, skin/integumentary, cancer, dental, cardiology, urology, neurology, cord blood & cell banking, GI & gynecology, and others.
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Major Players in Tissue Engineering Market
Cook, Acelity, Baxter, DePuy Synthes Companies, Medtronic, Zimmer Inc., and Stryker
Market Highlights:
The Global Tissue Engineering Market has been evaluated to grow at a steady pace and expected to reach at a high growth figures over the reviewing period.
The Global Tissue Engineering Market is expected to grow at a CAGR of 17.22% during the forecast period.
Tissue engineering is the use of combination of cells, engineering materials, and suitable biochemical factors to improve or replace biological functions in an efforts to repair damaged tissues and organs.
Neurology segment is one of the fastest growing owing to the increasing research & development and increasing cases of disorder related to nervous system. For instance, in March 2016, In the University of Alabama researchers found a reprogramming factor, which could increase the efficiency of Human induced Pluripotent Stem Cells (HiPSCs) and are generated without destroying the human embryo. These are major factor responsible for the growth of the market during forecast period.
Key Findings:
- The global tissue engineering market is expected to reach USD 48,017.5 million by 2022 at CAGR of 17.22%.
- Nano-fibrous material segment on the basis of material holds the largest share to reach USD 13,279.2 million by 2022 from USD 4,155.8 million in 2016.
- The Americas holds the largest share of tissue engineering market and is projected to reach USD 17,889.6 million by the end of the forecast period.
- Asia Pacific is the fastest growing region across the globe and expected to grow at a CAGR of 15.24% during the forecast period.
Regional Analysis:
The global tissue engineering market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas dominates the global market, particularly, North America due to growing developments in the field of regeneration surgeries, particularly stem cell research has created new opportunities for the global tissue engineering market. Additionally, continuous technological development methods and the presence of global market leaders contribute to the market growth.
Europe accounts for the second largest market due to availability of funds for research & development activities, and increasing government support for life sciences domain. Furthermore, industries are continuously focusing and upgrading the 3D technology and thereby offering better and enhanced organ and tissue printing methods.
Asia Pacific is the fastest growing market, whose growth is attributed to the improved economic conditions in healthcare domain, the government focus on research & development in healthcare sector. Moreover, increasing adoption of technological development in healthcare resulting in improvement of healthcare facilities expected to drive the market growth during the forecast period.
The Middle East & Africa is expected witness limited growth due to limited access to the healthcare resources and lack of advanced medical facilities and less government encouragement in healthcare sector.
TABLE OF CONTENTS
1 Report Prologue
2 Market Introduction
2.1 Introduction 13
2.2 Scope Of Study 13
2.3 Research Objective 13
2.4 Assumptions & Limitations 14
2.4.1 Assumptions 14
2.4.2 Limitations 14
2.5 Market Structure 15
3 Research Methodology: Tissue Engineering Market
3.1 Research Process 16
3.2 Market Size Estimation 17
3.2.1 Market Share Analysis 18
3.3 Forecast Model 19
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4 Market Dynamics
4.1 Drivers 20
4.1.1 Reliable Supply Of Functional Tissues 20
4.1.2 Use Of Tissue Engineering Can Replace The Animal Testing Model 20
4.1.3 Approaching Towards Its Cost-Effectiveness 20
4.2 Barriers 21
4.2.1 Shortage Of Donor Organ 21
4.2.2 Scaling Up Of A Specific Cell 21
4.3 Opportunity 21
4.3.1 Growing Geriatric Population Presents Significant Growth Opportunity 21
4.3.2 High Demand Of Tissue Engineering In Cosmetic And Reconstructive Surgery 21
4.4 Mega Trends 22
4.5 Macroeconomic Indicators 22
5 Market Factor Analysis
…Continued!
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