According to a new report published by Allied Market Research, titled, โTissue Engineering Market: Global Opportunity Analysis and Industry Forecast, 2020-2027โ Tissue engineering is an interdisciplinary field that applies principles of engineering and life sciences toward development of biological substitutes that restore, maintain, or improve tissue function. To do this process, cells and biomolecules are combined with scaffolds. Scaffold is an artificial or natural structure that mimics real organs.
The global tissue engineering market was valued at $2,374 million in 2019, and is projected to reach $6,815 million by 2027, registering a CAGR of 14.2% from 2020 to 2027. Increase in prevalence of chronic diseases & trauma emergencies, rise in awareness related to tissue engineering, technological advancements in 3D bio-printing, and potential pipeline products drive the market growth.
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The World Health Organization (WHO) on January 30, 2020 declared COVID-19 outbreak a public health emergency of international concern. COVID-19 has affected around 210 countries across the globe. Healthcare industries have been largely impacted by COVID-19 pandemic. After the COVID?19 pandemic, clinical research in tissue engineering are made unavailable and non COVID-19 clinical trials are significantly reduced. Meanwhile, many of pharmaceutical and biotech companies have shifted their focus on development of drugs and vaccines for treatment of COVID?19. In addition, significant reduction in cell and tissue donation programs negatively impact growth of the tissue engineering market. Thus, delay & disruptions in clinical research and cancelations or delays in tissue replacement & reconstructive surgeries impend the tissue engineering market growth.
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The globalย tissue engineering marketย is segmented into type, application, and region. On the basis of type, the market is categorized into synthetic scaffold material, biologically derived scaffold material, and others. The synthetic scaffold material segment is further categorized into synthetic polymer and others. The biologically derived scaffold material segment is sub segmented into collagen and others. On the basis of application, the market is segregated into orthopedics & musculoskeletal, neurology, cardiovascular, skin & integumentary, dental and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.ย
Asia-Pacific presents lucrative opportunities for key players operating in the tissue engineering market, owing to its growth in awareness regarding tissue engineered products, rise in demand for advanced healthcare services in emerging economies, developing R&D sector, and rise in presence of key players in the region.
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- The study provides an in-depth analysis of the tissue engineering market size along with current trends and future estimations to elucidate the imminent investment pockets.
- It offers tissue engineering market analysis from 2019 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
- A comprehensive analysis of four regions is provided to determine the prevailing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook and global tissue engineering market growth.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: https://www.alliedmarketresearch.com/request-for-customization/4323
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
- Abbvie Inc. (Allergen Plc.)
- B. Braun Melsungen Ag
- Becton, Dickinson And Company (C. R. Bard, Inc.)
- Integra Lifesciences
- Organogenesis Holdings
- Sid Martin Biotech (Axogen)
- Smith & Nephew Plc. (Osiris Therapeutics)
- Tissuetech Inc.
- Vericel Corporation
- Zimmer Biomet Holdings, Inc.
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Surgical Robotic System Market
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