Tissue Engineering Market Size, Industry Analysis Report, Competitive Market Share & Forecast by 2023: Global Market Ins

1. Tissue Engineering Market 2016 – 2023

2. Global Market Scenario of Tissue Engineering • Tissue Engineering Market size was valued at USD 5 billion in 2015 and is anticipated to exhibit significant growth over the next seven years. • Rising need to bridge the organ demand and supply gap is expected to drive industry demand.  • Orthopedicapplications contributed more than 50% to the tissue engineering market share in 2015, and will continue leading revenue generation, mainly due to increased number of bone implants as a result of accidents and aging population base. Considerable degree of research in the neurology space will drive segment demand.  • Escalating popularity in numerous sectors such as neurology, burn treatment or wound care, and urological products is expected to fuel tissue engineering market growth over the forecast timeframe.  • North America accounted for largest share in 2015 and is likely to continue its dominance till 2023, driven by the U.S. tissue engineering market. • https://www.gminsights.com/industry-analysis/tissue-engineering-market

3. Continue..... • Organs developed by this procedure exhibit high durability and efficiency. Increasing applications of this technique from surgical manipulation of tissues and prosthetics to corneal, liver, and cardiac tissue engineering is predicted to propel growth from 2016 to 2023.  • This technique involves in-vitro development of organs or tissues in order to support or replace the injured or defective body part. It also involves application of biology and engineering for innovating that can effectively restore, maintain, and improvise the ruptured human tissue’s function. • Increasing organ transplantation cost accompanied by growing 3D printing prominence in medical applications for regeneration is anticipated to drive industry growth over the next seven years.  • High product efficiency as well as reduced rejection ratio is expected to further accelerate the industry demand. High cost involvement and slow development along with increasing biological complexity is anticipated to restrain the tissue engineering market.  • https://www.gminsights.com/industry-analysis/tissue-engineering-market

4. 360° Analysis • Application Analysis • Escalating dental applications are forecast to positively impact the tissue engineering market from 2016 to 2023. This can be credited to wide development scope and rapidly growing research in the field. Based on type of material used, the industry can be segregated into genetically modified, biological materials, and synthetic. • Regional Analysis • Asia Pacific is forecast to be the most attractive region over the next seven years. The regional growth can be attributed to existence of massive man power, technologically advanced procedures along with government funding. • Europe tissue engineering market is estimated to record moderate growth prospects over the forecast period due to the presence of strict regulatory norms.  • Competitive Market Share • Industry participants accumulating significant share include Zimmer Biomet, Medtronic, Acelity, Organogenesis, Athersys, Stryker and RTI surgical. Other prominent companies are Integra LifeSciences, Advanced Cell Technology, CryoLife, Sanofi, BioMimetic Therapeutics, StemCellsInc, LifeCell Kinetic Concepts, Cook Biotech, and Arteriocyte.

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