Regenerative Medicine Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-26

Emphasis on Product Type (Cell Therapy, Gene Therapy, Tissue Engineering, Small Molecule and Biologics), Material Type (Synthetic Materials, Biologically Derived Materials, Genetically Engineered Materials, Other (Pharmaceuticals))
DELHI, India - April 14, 2020 - PRLog -- The global regenerative medicine market is anticipated to gain the market worth of US$ 178.62 billion by 2026, expanding at a CAGR of 31.5% during the forecast period 2020-2026. The major reasons that escalate the adoption of regenerative medicine are the growing prevalence of genetic disorders and chronic diseases and technological advancements in the regenerative medicine field. Increasing acceptance of regenerative medicine for organ transplants paired with increasing pipeline activity is considered as one of the major opportunity areas for market players. The emergence of stem cell technology, untapped potential of nanotechnology, increasing prevalence of chronic diseases & trauma emergencies, advancement in monitoring devices and surgical technologies, rise in incidence of degenerative diseases, and shortage of organs for transplantation and increase in focus on stem cells and growth in R&D activities in emerging economies are expected to supplement the market growth. The high cost associated with regenerative medicine and ethical issues related to the usage of stem cells and regenerative medicine acts as the major restraints for the growth of the overall market. Healthcare expenditure as a proportion of gross domestic product (GDP) is on the rise. In the US, healthcare spending is expected to grow by 1.3% points faster than GDP annually, to reach 20.1% of GDP by 2025. This would lead to the rise in the entry of players and this domain and affect the regenerative medicine market.

For Regional/country-level analysis of the overall adoption of Regenerative Medicine for disease, treatment browse through -

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