London, 15 December 2014 – According to a new report from research firm TechNavio, the Global Regenerative Medicine Market is expected to post a CAGR of 20.16 percent from 2014-2019, thanks to a rise in demand for regenerative products and increased R&D.
There’s an increase in the prevalence of diseases such as Parkinson’s disease, cancer, Alzheimer’s and diabetes, which is resulting in significant investments in R&D for regenerative products.
About the Report
The growth of the market is driven by the heightened demand for regenerative products and increasing vendor participation in developing innovative therapies.
“With the help of regenerative medicines, vendors and research organizations are developing advanced stem cell products and therapies which help reduce long waiting periods and queues for organ transplants,” says Faisal Ghaus, Vice President of TechNavio.
“For example, a custom-made windpipe was introduced, resulting in the first implant of a synthetic trachea in June 2011. Thus, the use of simalarsynthetic organs will see many new developments which are expected to positively affect the market.”
Currently, the Global Regenerative Medicine Market is highly fragmented, but an increasing number of mergers and acquisitions will significantly change the market landscape in the coming years.
The latest report from TechNavio also highlights key growth driver, market challenges and trends expected to impact the market over the projected period.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- Rise in Prevalence of Degenerative Diseases
- For a full detailed list, view our report.
Market Challenges:
- Stringent Regulatory Approval Process
- For a full detailed list, view our report.
Market Trends:
- Increase in M&A
- For a full detailed list, view our report.
Key Vendors:
- Baxter International Inc.
- Kinetic Concepts Inc.
- Medtronic Inc.
- Stryker Corp.
Other Prominent Vendors:
- Aastrom Biosciences
- Acologix
- Advanced Cell Technology
- Arteriocyte
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
