The global regenerative medicine market size is projected to experience dynamic growth from USD 23.5 million in 2018 to USD 151.5 million in 2026 owing to the rising investment in the research and development of the regenerative medicine, observes Fortune Business Insights™ in its report, titled “Regenerative Medicine Market, 2019-2026”, the regenerative medicine market stood at USD 27.8 million in 2020.The advancements in regenerative medicine have fueled their demand across the world. Increasing product launches have contributed to the rising uptake of regenerative medicine across the world.
Some of the leading companies that are operating in the market are Integra LifeSciences Corporation, CELGENE CORPORATION, Medtronic, American CryoStem Corporation, Tissue Regenix, Avita Medical, Osiris Therapeutics, Inc., Wright Medical Group N.V., Smith & Nephew, and Integra LifeSciences Corporation.
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Novartis Receives EU Approval for Luxturna
The severity of chronic diseases has led to the demand for efficient medicines.
The ability of regenerative medicine to treat severe life-threatening diseases in an efficient manner has created a huge demand for the products across the world.
Increasing drug approvals have contributed to the rising uptake for regenerative medicines.
In 2018, Novartis received usage approval from the European Union for its latest regenerative medicine ‘Luxturna’.
Luxturna was widely useful in treatment of rare retinal diseases.
Fortune Business Insights states that the approval for Luxturna will contribute to the growth of the global regenerative medicine market in the forthcoming years.
Based on application, the market is classified into orthopedics, wound care, oncology, and others. In terms of geography, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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The report incorporates actionable insights into the regional prospects of the market and provides a comprehensive analysis of the market drivers and challenges.
List of Key Players Covered in the Regenerative Medicine Market Report:
- Integra LifeSciences Corporation
- CELGENE CORPORATION
- American CryoStem Corporation
- Tissue Regenix
- Avita Medical
- Osiris Therapeutics Inc.
- Wright Medical Group N.V.
- Smith & Nephew
Table Of Content
- Executive Summary
- Market Dynamics
- Key Insights