Tissue regeneration refers to the process of replacing or regrowing diseased or damaged tissue in order to restore or heal it. The demand for tissue regeneration is fueled by congenital illnesses, malformations, and tissue damage caused by diseases. This factors is anticipated to shape the future course of the global tissue regeneration market in the years to come.
Tissue engineering basically refers to a procedure that controls, repairs, and improves the function of injured tissue. The tissue regeneration technique extends the life expectancy of a patient by repairing diseased or damaged organs, including the kidneys. Regenerative medicine comes with the potential to address the current organ donor scarcity; for instance, tissue reengineered skin is extremely useful for ulcers affecting foot and leg, burn wounds, and skin replacement.
The expansion of the global tissue regeneration market is projected to be fueled by government grants and investments, the demand for customized medications, disease detection using biomarkers, and rising rates of chronic illness rates throughout the world. The increasing applications of 3D printing in tissue regeneration, as well as advancements made in medication delivery, cell treatments, nanotechnology, and biomaterials are expected to propel the global tissue regeneration market forward in the years to come.
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Tissue Regeneration Market: Introduction
Tissue regeneration is replacement or repair of a tissue that is damaged or diseased by re-growing or replacing it. This technique involves tissue engineering process, which maintains, restores, and improves damaged tissue function. The tissue regeneration process helps increase the life expectancy of patients by replacing the damaged organs, including the kidneys.
Examples of tissue regeneration include epithelial tissue regeneration, fibrous tissue regeneration, cartilage tissue bone tissue regeneration, blood vessel regeneration, muscle tissue regeneration, and nerve tissue regeneration. Tissue regeneration is expected to be used in the treatment of a number of diseases in tissues; however, the specific mechanism needs to be studied further.
Key Drivers, Restraints, and Opportunities of Global Tissue Regeneration Market
Changes in lifestyle and dietary habits cause various chronic diseases. A surge in number of patients with chronic diseases is projected to drive the global tissue regeneration market. According to the Centers for Disease Control and Prevention, in the U.S., 51.8% of people had been diagnosed with at least 1 of 10 selected chronic conditions in 2018.
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Rise in popularity of tissue regeneration technology owing to efficient products and reduced rejection rates is another factor boosting awareness. Moreover, the number of regeneration surgeries is increasing. Application of tissue engineered vascular grafts in cardiovascular disease treatment and surgeries is being studied across pre-clinical stage. Advancements in growing tissue engineered bladder outside the patient body and its successful transplantation are being witnessed currently.
Increase in applications of 3D printing in tissue regeneration, surge in research development and innovation in biomaterials, nanotechnology, cell therapies, and drug delivery are anticipated to augment the global tissue regeneration market. However, stringent government regulations, high treatment costs, and difficulty obtaining reimbursements and coverage for these therapies are expected to hamper the growth of the global market during the forecast period.
The COVID-19 pandemic has had a significant impact on the health care industry. Clinical tissue engineering research has been made unavailable since the COVID 19 pandemic, and non-COVID 19 clinical trials have been reduced. Meanwhile, several pharmaceutical and biotech firms have shifted focus on the development of COVID-19 treatment drugs and vaccines. Moreover, a considerable reduction in cell and tissue donation programs has restrained the global tissue engineering market. Consequently, clinical research delays and disruptions, as well as cancellations or delays in tissue replacement and reconstructive procedures, hamper the growth of the global tissue engineering market.
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North America to Capture Major Share of Global Tissue Regeneration Market
North America is projected to account for major share of the global tissue regeneration market during the forecast period. New product launches, presence of key market players with focus on research development, and rise in prevalence of chronic diseases are anticipated to drive the tissue regeneration market in the region during the forecast period.
The tissue regeneration market in Asia Pacific is expected to grow at a rapid pace during the forecast period owing to a surge in the geriatric population. Additionally, government initiatives to expand health care infrastructure is likely propel the market in the region.
Key Players Operating in Global Tissue Regeneration Market
The global tissue regeneration market is fragmented with the presence of international as well as local players. A large number of manufacturers hold major share in their respective regions. Demand for tissue regeneration products has increased in emerging as well as developed markets owing to a rise in awareness about technologically advanced products. Growth strategies adopted by leading players are likely to drive the global market.
Major players operating in the global tissue regeneration market are:
- Isto Biologics
- Athersys, Inc.
- Mesoblast Ltd.
- CryoLife, Inc.
- Cytori Therapeutics, Inc.
- Cerapedicsm, Inc.
- Organogenesis, Inc.
- Wright Medical Group N.V.
- Zimmer Biomet
- ACell, Inc.
- Tissue Regenix
- Other Prominent Players
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