Global Regenerative Medicine Market Analysis & Forecast to 2023; Stem Cells, Tissue Engineering, BioBanking & CAR-T Industries

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regenerative medicine market trends

Regenerative medicine’s main objective is to heal and replace organs/cells that have been damaged by age, trauma or disease. Congenital defects can also be addressed with regenerative medicine. To that end, regenerative medicine is a broader field and manipulates the body’s immune system and regeneration potential to achieve its requirement.

 

Looking forward, the regenerative medicine market is promising for a number of robust reasons including:

• Increasing number of potentially successful clinical trials

• Increasing number of mergers and acquisitions

• High unmet need in many indications

• Global penetration, especially in Japan will boost the market

There are over 700 regenerative medicine companies globally at present, that all together have a $x billion market cap. At present the total regenerative medicine market has more than 500 products commercialized.

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Reconstructive surgeries for bones and joints is the mainstay of the regenerative medicine market. Geographically speaking, due to the dominance of the bone and joint reconstruction market, the US has the biggest space. By 2023, it is possible that Europe will surpass the US market with respect to stem cell applications, and this will become more likely if the Trump Administration restricts legislation and funding.

Market Applications & Opportunities for Regenerative Therapies

Regenerative medicine, including cellular and gene therapies will have a significant impact on the expenditure of payers, once reimbursement schemes are optimized.

Global Financial Landscape

The last few years have been busy for regeneration medicine, cellular therapeutics and the gene therapy industry, with high investment from pharma giants such as Eli Lilly, BMS, Astra Zeneca and Sanofi.

Stem Cell Market Analysis & Forecast to 2023

Today the stem cell and regenerative medicine industries are interlinked and over the last number of years have grown substantially. In 2018, the global stem cell market was worth $x billion globally, and this is set to rise to $x billion by 2023 with a CAGR of x%.

Tissue Engineering Market Analysis and Forecast to 2023

Tissue engineering was the forerunner of the present regenerative medicine market. The global market for tissue engineering was estimated at $x billion in 2018. It is forecast to grow at a CAGR of x% to 2023 and potentially reach $x billion.

Biobanking Market Analysis

The biobanking industry is made up of over 500 public and private blood banks globally. These companies and institutions collect, store and distribute adipose tissue, cord blood and birth tissues, musculoskeletal tissues, pericardium, skin, bone, vascular tissue, autologous and allogeneic cells and other biological samples.

CAR-T Industry

The CAR-T industry is addressing unmet needs in specific relapsed cancers, however does early clinical trial data support a blockbuster status for this upcoming therapy? Some patients do indeed show long term activity and high remission rates, but there is a large proportion of patients with toxicities such as cytokine release syndrome and neurotoxicity. The main players within the CAR-T market are Juno Therapeutics, Kite Pharma, Novartis and Cellectis.

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