Market Insights:
Tissue engineering is a highly promising field where the use of several advanced
engineering methods for biochemical factors among others to improve or replays biological
tissue. Tissue engineering has a number of applications across various biological parts
including skin, muscle, and bone to name a few. The global tissue engineering market is
expected to witness favorable growth at a favorable CAGR of more than 17% during the
forecast period from 2017 to 2022. Market Research Future's study of the Global Tissue
Engineering Market has revealed several important findings including an appreciation of the
market to reach an estimated value of USD 48,017.5 Mn by the end of 2022.
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Tissue engineering has come a long way due to advances in the development of
biomaterials, understanding stem cells, and various other factors. Tissue engineering and
regenerative medicine are increasingly being acknowledged as a reliable supply of functional
tissue for medical purposes. Moreover, with the vast potential to create artificial tissue
which is close to human tissue, will likely result in the phasing out of the animal testing
model. Increasing animal sensitivity and high demand across the globe for more ethical
means of testing is expected to boost the demand for tissue engineering. Although the
technology used in tissue engineering was highly unaffordable when the field was first
developed, advancements in technology and increasing use has made it more cost-effective,
thus driving market growth.
Scaling of specific cells is a challenge that tissue engineering has not overcome as of yet,
and as such is expected to hamper market growth. However, tissue engineering is
increasingly witnessing a high demand from cosmetic and reconstructive surgery in
healthcare. For instance, the technology has great use in reconstruction and in growing skin
tissue for burn victims. The growth of the global geriatric population and age-related
degenerative diseases are prompting increased demand for tissue engineering and
represent high demand over the forecast period.
Key Players:
Acelity, DePuy Synthes Companies, Zimmer Inc., Stryker, Baxter, Medtronic, and Cook
Market Segmentation:
The Global Tissue Engineering Market in MRFR's report has been segmented on the basis of
materials, and applications. Materials used in tissue engineering include nano-fibrous
materials, composite materials, biomimetic materials, and nanocomposite materials. The
nano-fibrous segment has grown to establish itself as the largest segment with a CAGR of
17.22 and an expected market value of USD 48,017.5 Mn by the end of 2022.
Applications of tissue engineering can be found in musculoskeletal & spine,
skin/integumentary, cancer, orthopedics, neurology, cardiology, dental, urology, cord blood
& cell banking, GI & gynecology, and others.
Regional Analysis:
The Americas, due to their inclusion of North America which is a well-developed region in
terms of healthcare infrastructure and healthcare investments. Moreover, many prominent
market players are present in the region, particularly in the U.S which is the leading
country-level market. The Americas will grow to reach a market value of USD 17,889.6 Mn
by 2022.
The Asia Pacific is witnessing a growing establishment of research and development
institutes. The region has a rapidly changing healthcare sector with increasing investments
being made in advanced technologies. Increased awareness regarding healthcare has also
resulted in high demand for better diagnostic methods as well as advanced treatment