Tissue Regeneration Market Introduction
Tissue regeneration is replacement or repair of tissue which is damaged or diseased by regrowing or replacing it. Congenital diseases, defects, and tissue damage due to diseases drives the need of tissue regeneration. This technique involves tissue engineering process which maintains, restores, and improves damaged tissue function. The tissue regeneration process helps in increasing the life expectancy of patients by replacing the damaged organs, including kidneys. The regenerative medicine offers a potential of resolving shortage of organ donor in present time, For instance tissue reengineered skin is highly useful for skin replacement, burn wounds and ulcers affects leg and foot. In 2013, the number of regeneration procedures performed reached 5.6 million. According to research, 500,000 U.S. citizens benefit from transplants each year
Tissue Regeneration Market - Competitive Landscape
Major players operating in the global tissue regeneration market include Isto Biologics, Athersys, Inc., Vericel Corporation, co.don AG, Mesoblast Ltd., Episkin SA, Cook Medical, CryoLife, Inc., Cytori Therapeutics, Inc., Cerapedics, Inc., BioMedical Tissues, Genzyme Corporation, KCI Licensing, Inc., Nuo Therapeutics, Inc., Organogenesis, Inc., Orthopeutics, U.S. Stem Cell, Inc., Wright Medical Group N.V., Biocomposites, BD, Zimmer Biomet, and ACell Inc. Mergers & acquisitions (M&A), partnerships, joint ventures, agreements, and product launches are strategies adopted by the key players to boost growth. Companies are also focused on developing new products and gaining patents for them.
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Biomedical Tissues offers an advance tissue regeneration product which enables the clinical process to be faster and easier with offering comfort and recovery to the patients. Biomedical tissues is a growing pioneer in developing synthetic resorbable membrane and thus offers “Tisseos” product which help regenerating human tissues at faster pace.
Inception since 1984, CryoLife Inc., is a pioneer in offering innovative solution for the restoration of patient’s health and improve their quality of life. Company is a renowned leader in offering human tissue used in the cardiac surgeries, vascular surgeries, heart valves replacement, in cardiac lasers for the treatment of refractory angina and others. Since the founding years, the company has successfully implanted its products and tissues in over 1 million patients worldwide. CryoLife, Inc., is a public company with over 700 employees across 11 countries.
Tissue Regeneration Market Dynamics
Prevalence of chronic diseases and technological advancements are projected to drive the global tissue regeneration market
Prevalence of chronic diseases, diagnosis of diseases using biomarkers, demand for personalized medicines, and grants & funding by governments across regions are anticipated to boost the growth of the global tissue regeneration market. Increase in applications of 3D printing in tissue regeneration, surge in research & development and innovation in biomaterials, nanotechnology, cell therapies, and drug delivery are likely to augment the global tissue regeneration market. Rise in popularity of the technology owing to efficient products and reduced rejection rates is another factor boosting the awareness, and with each passing year, the regeneration surgeries are also increasing. Application of tissue engineered vascular grafts in cardiovascular disease treatment and surgeries is studied across pre-clinical stage. Advancement in growing tissue engineered bladder outside patient body and its successful transplantation is a rapid development witnessed today.
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Stringent regulations projected to hamper the growth of the global tissue regeneration market
Stringent regulations by governments, reimbursement issues especially in the developing countries, and less investments in the underdeveloped regions restrain the global market. Rising cost of organ transplantation and lack of skilled personnel are anticipated to hamper the growth of the global tissue regeneration market. Strict regulatory framework is similar designed across U.S., European Union countries, Japan, and China. For instance in China, the regulatory framework designed for tissue regeneration is not flexible and clear, which is roadblock in companies to understand the scenario in particular country. In most of the major countries, the two tier regulatory framework remains a challenge which is likely to hamper the future of tissue regeneration industry.
Tissue Regeneration Market Segmentation
Based on the technology, the Tissue Regeneration Market is segmented into
- Cell therapy
- Stem cell therapy
- Stem cell sources
- Tissue vascularization
- Cell culturing
Based on the raw material, the Tissue Regeneration Market is segmented into
- Genetically modified
Based on the application, the Tissue Regeneration Market is segmented into
Based on the end-user, the Tissue Regeneration Market is segmented into
- Hospital & Diagnostic centers,
- Pharmaceutical & Biotechnology companies
- Contract research organizations
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.