Regenerative medicine is a new, evidence based, multidisciplinary approach that seeks to repair or replace damaged or diseased human cells or tissues to restore normal function, which holds the promise of revolutionizing patient care in the 21st century. It uses autologous blood, bone marrow or adipose components to stimulate body’s own repair processes. A common source for regenerative cells and growth factors are bone marrow aspirate concentrate (BMAC), platelet rich plasma (obtained from one’s own blood) and adipose derived stem cells or stromal vascular fraction. They are used to augment and accelerate the body’s own healing mechanisms. These cells are naturally found in the body and are used to improve the healing and even delay or reverse the human body aging. When regenerative cells are used in high, but optimal concentrations, they help speed up the healing process and can potentially facilitate repair of tissues that are no longer able to do so naturally.
Regenerative Medicine Market by Product (Cell Therapy (Autologous, Allogenic), Gene Therapy, Tissue Engineering (Scaffold, Hydrogels), Application (Musculoskeletal, Oncology, Cardiovascular, Ophthalmology, Wound Care) & Region - Global Forecast to 2027
The global regenerative medicine market in terms of revenue was estimated to be worth $12.2 Billion in 2022 and is poised to reach $40.6 Billion by 2027, growing at a CAGR of 27.2% from 2022 to 2027. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. Market growth is driven by the availability of funding and rising investments in R&D, increasing clinical trials for stem cell and CAR-T cell therapies, and rising advancements in tissue-engineered products. However, the high treatment cost of RM therapies and issues associated with commercialization and regulatory compliance factors are expected to restrain the market growth during the forecast period.