The global Tissue Engineering Market is forecasted to reach USD 26.11 Billion by 2027, according to a new report by Reports and Data. The rising chronic condition incidences are expected to drive the market growth of the global tissue engineering market over the forecasted timeframe. According to the World Health Organization, the prevalence of chronic diseases is estimated to grow by 57.0 % by the year 2020.
The growing demand for tissue engineering approaches and regenerative medicine, and the treatment of weakened tissues further reinforce market development. Tissue engineering is a method used to incorporate material approaches and cells. This approach also suits the physicochemical and biochemical variables used to substitute and strengthen biological tissues.
The increasing technological advancement in 3D tissue engineering is expected to further boost the market growth over the forecasted timeline. However, it is expected that the high cost of treatment with tissue engineering will impede the market growth in the forecasted timeframe.
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Leading Players Profiled in the Report Include:
Cook Biotech Inc., Acelity L.P.Inc, Inc, Zimmer Biomet, Allergan Plc., Organogenesis Inc., Medtronic plc, Integra LifeSciences Corporation, Stryker Corporation, DePuy Synthes Companies, and Organovo Holdings Inc, among others.
The COVID-19 impact:
The distribution of Covid-19’s has influenced industrial activities worldwide. Over the weeks, the market has experienced a downturn that can continue in the coming months. The virus led to the implementation of lockdown, which disrupted the workings of the asset management program as the healthcare sector witnessed a collapse in several countries. They were loaded with patients infected by a coronavirus. Millions of people were infected, and thousands of them died, including the healthcare staff. Although the market suffered a major setback at the time, the industry is bouncing back as there is a greater need for better management and up-gradation of the medical sector.
Further key findings from the report suggest
- The biologically derived materials segment is anticipated to the largest market. Biologically derived materials can boost the attachment and migration of cells from the external environment when implanted into a defective region, thus inducing extracellular matrix formation and facilitating tissue repair.
- The dental segment is anticipated to experience steady growth during the forecasted timeline due to the broad range of advancement and the fast-expanding field of research.
- The Asia Pacific region will witness the fastest growth of 15.1%. The involvement of significant human resources, advanced technology procedures, and government support can be attributed to regional expansion.
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For the purpose of this report, Reports and Data has segmented into the Global Tissue Engineering Market on the basis of material, application, and region:
Material Outlook (Revenue, USD Billion; 2017-2027)
- Biologically Derived Materials
- Synthetic Material
Application Outlook (Revenue, USD Billion; 2017-2027)
- Cell Banking & Cord blood
- Spine, Musculoskeletal, & Orthopedics
- Vascular & Cardiology
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Saudi Arabia
- Rest of MEA
- Latin America
- Rest of LATAM
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Tissue Engineering Market Segmentation & Impact Analysis
4.1. Tissue Engineering Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Rising chronic condition incidences
126.96.36.199. Rising prevalence of disorders associated with the kidney
188.8.131.52. Increasing resistance to animal use in medical research
184.108.40.206. Growing demand for tissue engineering processes and regenerative medicine
4.2.3. Market restraints analysis
220.127.116.11. The high cost of treatment with tissue engineering
18.104.22.168. Lack of tissue engineering awareness
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
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