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Tissue Engineering Market Share, Application, Growth, Trend,
Research and Forecasts to 2024 | Hexa Research
“ Growing needs to bridge the gap between organ demand & supply are
expected to drive the industry demand in the near future.”
22 November 2018
The global tissue engineering market was valued to be around USD 23.2 billion in 2015 and further expected
to exceed USD 94.7 billion at a growing of CAGR 23% over the foreseeable period. Growing needs to bridge
the gap between organ demand & supply are expected to drive the industry demand in the near future.
Growing popularity in a variety of sectors including urological products, neurology, burn treatment etc. is also
anticipated to boost the market growth. Organs developed using this method have high efficiency and
durability. Rising applications of this method from surgical treatment of tissues and prosthetics to liver,
corneal, cardiac tissue engineering is said to propel the growth from 2016 to 2024. The global market is
categorized as applications and regions.
The applications include GI & gynecology, cancer, cord blood & cell banking, skin or integumentary, urology,
dental, musculoskeletal, spine, orthopedics, neurology, and cardiology & vascular. The orthopedic application
sector occupied more than half of the total market share in 2015. The sector is further expected to continue
leading the market on account of the increased number of bone implants due to accidents as well as a
geriatric population base. The neurology sector is one of the fastest-growing application sectors since it has
the wider scope for development. In addition to this, a significant amount of research in the neurology sector
is also anticipated to drive the sector growth.
Browse Details of Report @ https://www.hexaresearch.com/research-report/tissue-engineering-market
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