Global Tissue Engineering Market to Surpass US$ 22,908.1 Million by 2030 - Coherent Market Insights

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Aug 09, 2022, 13:30 ET

SEATTLE, Aug. 9, 2022 /PRNewswire/ -- According to Coherent Market Insights, the global tissue engineering market is estimated to be valued at US$ 9,436.0 million in 2022 and is expected to exhibit a CAGR of 11.7% during the forecast period (2022-2030).

Key Trends and Analysis of the Global Tissue Engineering Market:

Major players operating in the market are focusing on adopting growth strategies such as new product launch and approvals which is expected to drive the market growth over the forecast period. For instance, in June 2021, Mallinckrodt plc, a global biopharmaceutical company, announced that the U.S. Food and Drug Administration (FDA) has approved StrataGraft (allogeneic cultured keratinocytes and dermal fibroblasts in murine collagen – dsat) for the treatment of adults with thermal burns containing intact dermal elements for which surgical intervention is clinically indicated (deep partial-thickness burns).

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Key Market Takeaways:

The global tissue engineering market is expected to exhibit a CAGR of 11.7% during the forecast period due to technological advancements in 3D bio-printing, and potential pipeline products as 3D bioprinting is a rapidly developing industry used for a variety of biomedical applications.

Among material type, synthetic segment is expected to hold a dominant position over the forecast period, owing to its properties such as biocompatibility, non-toxicity, biodegradability, good cell recognition properties, and easy functionalization is expected to drive the growth of the segment.

On the basis of application, orthopedic segment is expected to hold a dominant position over the forecast period, owing to development of tissue engineered products for orthopedic and musculoskeletal applications, increased commercialization of tissue engineered products for bone and cartilage repair, wide availability of products, and increase in the incidence of musculoskeletal disorders with increased awareness of tissue engineered.

Key players operating in the global tissue engineering market include Acelity L.P. Inc., Allergan Plc., Athersys, Inc., B. Braun, BioMimetic Therapeutics, Bio Tissue Technologies, C. R. Bard, International Stem Cell, Integra Lifesciences, Medtronic, Inc., Organogenesis Inc., Osiris Therapeutics, RTI surgical, Inc., Stryker Corporation, Tissue Regenix Group Plc., and Zimmer Biomet.

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Detailed Segmentation:

Global Tissue Engineering Market, By Material Type:

Synthetic
Biological
Others

Global Tissue Engineering Market, By Application:

Dermal
Orthopedic
Dental
Neurology
Others

Global Tissue Engineering Market, By Region:

North America

By Country:

U.S.
Canada

Europe

By Country:

U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe

Asia Pacific

By Country:

China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific

Latin America

By Country:

Brazil
Mexico
Argentina
Rest of Latin America

Middle East & Africa

By Country:

GCC Countries
Israel
South Africa
Rest of Middle East & Africa

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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