‘Global Translational Regenerative Medicine Market Set To Grow To $61bn By 2022’ quotes a new Visiongain report
01 August 2018
Visiongain’ has launched a new pharma report Global Transnational Regenerative Medicine Market : Stem Cell Therapies, Tissue Engineered Products, Gene Therapies.
Regenerative medicine has been undergoing a period of sustained innovation over the last two decades. Tissue engineering and stem cell research in particular have seen a level of interest which it hasn’t received for a long while. Novel cell sources such as induced pluripotent stem cells have also helped to open new areas of research which had previously seemed impossible due to limited resources. There are potential opportunities in the market for participating companies, however certain risks and limitations also abound. The global regulations surrounding regenerative medicine remains fragmented. The changes to regulatory processes in the leading national and regional markets should help to drive progress in the regenerative medicine market.
The lead analyst of the report commented “Growth in the global translational regenerative medicine market will be fuelled particularly by stem cell therapies and tissue engineering advancements, as well as the emergence of commercial gene therapy products. The improvements in regulation of stem cell research on a regional level will increase its attractiveness. We note that advancements such as 3D bioprinting should enable the development of tissues which can be used for toxicology testing purposes.
Furthermore, strong government support for regenerative medicine particularly in countries such as China and South Korea, as well as the accelerated regulatory pathway for regenerative medicine in Japan will drive the growth in stem cell therapies.”
Leading companies featured in the report include Alphatec Spine, Anterogen, Athersys, Avita Medical, AxoGen, Medipost, Mesoblast, NuVasive, Ocata Therapeutics, Organogenesis, Pharmicell, Regenerys, TiGenix, UniQure, Vericel Corporation
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