Global Regenerative Medicine Market to Reach Us$6.5 Bn by 2019

Transparency Market Research has published a new report on the global regenerative medicine market. As per the report, the global regenerative medicine market stood at US$2.6 bn in 2012 and is predicted to reach US$6.5 bn by 2019.the global regenerative medicine market is expected to expand at a 12.80% CAGR during the period from 2013 to 2019 due to factors such as technological innovations in biomaterials, the increasing prevalence of joint disorders, and the increasing number of orthopedic surgeries.

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Regenerative medicines are an emerging field of medical science aimed at regeneration, repair, or replacement of damaged tissue and organs. As per the U.S. National Institute of Health, regenerative medicine is the procedure of creating functional tissues to repair and/or replace nonfunctional organs or tissues. With regenerative medicines, tissues or organs that have lost their functioning power due to congenital defects, age, and external or internal damage are repaired or replaced. Some of the application areas of regenerative medicines are neurology, cardiovascular, orthopedic, and musculoskeletal disorders.

Factors such as technological advancements in stem cell therapy and tissue engineering are predicted to propel the global regenerative medicine market during the forecast period. However, ethical issues, post-implantation infections and complications, and regulatory constraints are expected to hamper the growth of the global regenerative medicine market in the years to come. Leading players are focusing on capturing the untapped market to increase their share in the global market. The high number of mergers, acquisitions, and partnerships expected to occur in the coming years is predicted to make the global regenerative medicine market highly competitive in the near future.

The global regenerative medicine market...