Lucintel's latest market report analyzed that regenerative medicine provides attractive opportunities in musculoskeletal disorders, wound care, oncology, ocular disorders, and diabetes. The regenerative medicine market is expected to reach $24.3 billion by 2027 with a CAGR of 16.2%. In this market, cell-based immunology and cell therapy products is the largest segment by product, whereas musculoskeletal disorders is largest by application. Increasing adoption of stem cell technologies and increasing use of 3D bioprinting technologies in tissue engineering & regenerative medicine provides strategic growth path in this market.
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Based on product, the regenerative medicine market is segmented into cell-based immunotherapy & cell therapy products, tissue-engineered products, small molecules and biologics, and gene therapy products. The cell-based immunology and cell therapy products segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing government support in research and development activities related to cell therapy products and establishment of the Cures Act by FDA for streamlining the approval of regenerative medicine.
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The Regenerative Medicine Market is marked by the presence of several big and small players. Some of the prominent players offering regenerative medicine include Kite Pharma, Novartis, Vericel, Integra LifeSciences, Wright Medical, MiMedx, Osiris Therapeutics, Stryker, Spark Therapeutics, and Zimmer Biomet.
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