ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has announced the release of a report titled “Regenerative Medicine Market (Bone and Joint) (By Technology- Stem Cell Therapy, Biomaterial and Tissue Engineering; By Applications- Bone Graft Substitutes, Osteoarticular Diseases, Allogeneic Products, Autogenic Products and Others)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”.
This report states that growing at a CAGR of 12.8% from 2013 to 2019. Global regenerative medicine market will reach US$6.5 billion in 2019, rising from US$2.6 billion in 2012.
The global regenerative medicine market is driven by technological developments taking place in the fields of stem cell therapy and tissue engineering. The market is segmented on the basis of technology, applications and geography. Based on technology, this market is classified into segments like tissue engineering, stem cell therapy and biomaterials.
Regenerative medicine is applied in osteoarticular diseases, bone grafting and allogeneic and autogenic bone applications. In 2012, the largest market share in the overall regenerative medicine market was held by the biomaterials segment. However, the tissue engineering segment is anticipated to witness robust growth in the overall regenerative medicine market in the years to come.
Regionally speaking, the global regenerative medicine market is classified into the Asia Pacific, Europe, North America and RoW. In 2012, North America held the largest share in the market, particularly in the area of bone and joint applications. The growth in this region is driven by favorable government initiatives and high demand for joint and bone reconstructive procedures. The Europe regenerative medicine market is fueled by a rising geriatric population. The prominent players in the global regenerative medicine market include Medtronic, Inc., Stryker Corporation, Zimmer Holdings, Inc. and Arthrex, Inc.
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Transparency Market Research is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.