New Delhi, April 01, 2024 (GLOBE NEWSWIRE) -- According to the    latest research by Astute Analytica, theglobal regenerative    medicine market is projected to reach US$ 472.95 billion by    2032, up from US$ 59.68 billion in 2023, at a CAGR of 25.86%    during the forecast period 20242032.  
    Regenerative medicine is rapidly gaining momentum worldwide.    Cell therapies lie at the heart of this revolution, capturing a    dominant share of the market. This trend is bolstered by    numerous clinical trials, advancements in the field, and the    potential for highly personalized treatment approaches.    Currently, over 1,000 stem cell clinical trials are registered    globally, demonstrating a strong commitment to exploring the    therapeutic applications of cells. North America, with the U.S.    at the helm, holds a leading position in the market. This is    due to factors like a high volume of clinical studies, generous    government support, and a regulatory system conducive to    research and development. Moreover, insurance companies are    increasingly considering regenerative therapies for coverage,    improving accessibility for patients.  
    Request Free Sample Pages @https://www.astuteanalytica.com/request-sample/regenerative-medicine-market  
    While cell therapies spearhead the market, other promising    areas are gaining traction. Tissue engineering is poised for    significant growth, propelled by innovations in biomaterials    and 3D bioprinting. Gene therapy is another exciting    frontier  around 30 gene therapies have been approved    worldwide, and countless others remain in the development    pipeline, demonstrating the immense potential of this field.  
    Regenerative Medicine Market Booms: Chronic Disease    Focus Drives Billions in Investment  
    Chronic diseases like diabetes and heart conditions present    massive global health challenges, and regenerative medicine is    offering new hope. Treatments for these diseases account    for over 30% of the market. Investments in this area are    substantial, with venture capital financing surpassing $10    billion in 2021. CRISPR technology, a cornerstone of gene    editing within regenerative medicine, was valued at over $2    billion in 2020. Regenerative treatments are also    increasingly utilized for bone and joint disorders, making up    about 25% of the market. Further, oncology treatments,    particularly CAR-T cell therapies, are gaining ground with a    market share of over 20%. The growth of biobanks, which store    essential cell and tissue materials, is another positive    indicator, with an increase of more than 50% between 2018 and    2022.  
    The regenerative medicine market landscape is shaped by    influential companies such as Novartis, Vericel Corporation,    Integra Lifesciences, and MiMedx. The intense level of    innovation is evident  over 10,000 patents related to the    field were filed worldwide in 2021. The Asia-Pacific region,    with favorable regulations in countries like Japan and South    Korea, is emerging as an important hub for regenerative    medicine.  
    Key Findings in Global Regenerative Medicine    Market  
    Stem Cell Therapy Control More than 34% Share of Global    Regenerative Medicine Market  
    Currently, stem cell therapy is one of the most popular    regenerative medicines available in world. Wherein, allogeneic    stem cell therapies such as Hematopoietic Stem Cell    Transplantation (HSCT) and Mesenchymal Stem Cell (MSC)    Therapies are a powerhouse, dominating the global market with a    substantial 61.4% share. In line with this, several biotech    companies are developing allogeneic cell therapies using    gene-editing techniques like CRISPR. For example, Vertex    Pharmaceuticals and CRISPR Therapeutics are developing an    allogeneic stem cell therapy called VCTX210 for type 1    diabetes, currently in early clinical trials. This reflects the    appeal of "off-the-shelf" treatments that don't rely on    sourcing cells from the individual patient.  
    The regenerative medicine markets potential is further    highlighted by the remarkable number of clinical trials  over    3,000 focused on adult stem cells are registered with the WHO.    This demonstrates the scientific community's unwavering    dedication to exploring these therapies. The FDA's    approval of numerous stem cell-based clinical trials adds to    the optimism, suggesting a promising path toward innovative    treatments for various conditions.  
    However, navigating the regulatory landscape is critical. In    2016, a concerning trend emerged with 351 US businesses    operating 570 clinics offering stem cell treatments, often with    unproven claims. This prompted the FDA to strengthen    enforcement measures in 2017, emphasizing the importance of    rigorous scientific validation and careful oversight. Ensuring    patient safety and protecting the field's integrity are    paramount. Both investors and healthcare providers must stay    keenly aware of the research advancements and regulatory shifts    shaping this dynamic market.  
    Recent Stem Cell Therapies Approved by FDA  
    2022  
    2023  
    2024  
    Oncology Treatment to Contribute Almost 50% Revenue    Share of Global Regenerative Medicine Market  
    The alarming statistics on cancer paint a stark picture: an    estimated 18.1 million new cases and 9.9 million deaths    occurred globally in 2023. This burden falls disproportionately    on lower- and medium-income countries, tragically affected by    cancers linked to infections. The global economic impact is    staggering, projected to reach $25.2 trillion over the next 30    years. The absence of adequate funding for cancer care services    in many nations further underscores the urgency of addressing    this widespread crisis. With demographic shifts, a staggering    28.4 million cancer cases are expected by 2040, representing a    47% increase from 2020 and resulting in an estimated 16.3    million deaths worldwide.  
    Regenerative medicine market offers a beacon of hope within    this challenging landscape. Oncology is the most significant    application area for these therapies, driven by innovations    transforming cancer treatment. CAR T-cell therapies,    which genetically reprogram a patient's T cells to fight their    specific cancer, are revolutionizing care. Successes like the    FDA-approved Abecma, Breyanzi, Kymriah, and Yescarta exemplify    the potential of this treatment modality.  
    Stem cell transplants are another pillar of regenerative    oncology. These transplants are critical for blood cancers like    leukemia and lymphoma, offering the chance to rebuild a    patient's blood and immune system after intensive chemotherapy.    Additionally, oncolytic viruses like Imlygic, which target and    destroy cancer cells while igniting an anti-tumor immune    response, are a further avenue of exploration.  
    Tissue engineering plays a dual role in regenerative oncology.    It provides invaluable models for drug testing and offers the    potential to repair tissues damaged by cancer treatments. The    development of tissue-engineered oral mucosa for oral cancer    patients is a testament to this progress. Lastly, nanoparticle    delivery systems hold promise for precisely targeting tumors,    minimizing harm to healthy tissues. While still in the research    phase, it's an area of intense investigation.  
    United States Stand Tall in Global Regenerative    Medicine Market, Contribute More Than  
    The United States sits at the forefront of the regenerative    medicine revolution, and the trajectory is clear. In 2023, the    US regenerative medicine market was valued at $20 billion and    is projected to grow at an impressive CAGR of 22.39% through    2032. This dominance is fueled by the escalating prevalence of    chronic diseases, a strong demand for artificial organs, and a    highly developed healthcare system. The U.S. has built a    powerhouse of research and development in this field. It    accounts for a staggering 60% of the global development    pipeline for regenerative therapies. This commitment is further    solidified by the NIH's substantial investments: over $2.5    billion in 2021 alone was directed towards the National    Institute of Biomedical Imaging and Bioengineering, a key    driver of tissue engineering and regenerative medicine    research.  
    The US FDA has become a gateway for innovation, with notable    approvals like Kymriah and Yescarta (CAR T-cell therapies),    Luxturna (gene therapy for inherited blindness), and Zolgensma    (gene therapy for spinal muscular atrophy) in North America    regenerative medicine market. As of January 2023, a total of 27    regenerative medicine products boasts FDA approval,    representing major milestones. Clinical studies in the U.S. are    abundant, with over 1,200 ongoing trials in 2021, encompassing    nearly half of such trials globally. This robust research    focuses on stem cell therapies, gene therapies, tissue    engineering, and biomaterials.  
    A flourishing industry, populated with startups and established    companies, propels the U.S. market forward. In 2021, U.S.-based    regenerative medicine companies garnered an unprecedented $23.1    billion in funding. Significant financing deals for Sana    Biotechnology, ElevateBio, and Lyell Immunopharma further    underscore the sector's strength.  
    Explore Research Methodology @https://www.astuteanalytica.com/request-methodology/regenerative-medicine-market  
    2024 Investments in Global Regenerative Medicine    Market  
    Additional Considerations  
    Global Regenerative Medicine MarketKey    Players  
    Key Segmentation:  
    By Product Type  
    By Material  
    By Application  
    By End User  
    By Region  
    Inquire Before Buying @ https://www.astuteanalytica.com/inquire-before-purchase/regenerative-medicine-market  
    About Astute Analytica  
    Astute Analytica is a global analytics and advisory company    which has built a solid reputation in a short period, thanks to    the tangible outcomes we have delivered to our clients. We    pride ourselves in generating unparalleled, in depth and    uncannily accurate estimates and projections for our very    demanding clients spread across different verticals. We have a    long list of satisfied and repeat clients from a wide spectrum    including technology, healthcare, chemicals, semiconductors,    FMCG, and many more. These happy customers come to us from all    across the Globe. They are able to make well calibrated    decisions and leverage highly lucrative opportunities while    surmounting the fierce challenges all because we analyze for    them the complex business environment, segment wise existing    and emerging possibilities, technology formations, growth    estimates, and even the strategic choices available. In short,    a complete package. All this is possible because we have a    highly qualified, competent, and experienced team of    professionals comprising of business analysts, economists,    consultants, and technology experts. In our list of priorities,    you-our patron-come at the top. You can be sure of best    cost-effective, value-added package from us, should you decide    to engage with us.  
    Contact us:    Vipin Singh    BSI Business Park, H-15,Sector-63, Noida- 201301- India    Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest    of the World)    Email: sales@astuteanalytica.com    Website: https://www.astuteanalytica.com/  
Read the original here:
Global Regenerative Medicine Market to Touch Valuation of USD 472.95 Billion by 2032, at 25.86% CAGR: Astute ... - GlobeNewswire