Tissue Engineering Market Projected to Surpass
USD 24000 Million by 2022
Global Tissue Engineering Market report explores future trends for supply,
demand and market growth rate, market size, prices, trading, competition and
value chain as well as Key Players of the industry’s information with forecast
from 2019 to 2023.
Global Tissue Engineering Market Synopsis:
According to Market Analyst, The Global Tissue Engineering Market is expected to grow at an impressive
Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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The Tissue Engineering industry has also suffered a certain impact, but still maintained a relatively
optimistic growth, the past four years, Tissue Engineering market size to maintain the average annual
growth rate of 19.17% from 6500.00 million $ in 2014 to 11000.00 million $ in 2017, Market analysts
believe that the next few years, Tissue Engineering market size will be further expanded, we expect that
by 2023, The market size of the Tissue Engineering will reach 24000 million $.
Tissue engineering can provide solutions that can replace the currently used tissue repair solutions
including transplants, surgical reconstruction, and mechanical devices. In addition, the need for effective
regenerative treatments is on the rise pertaining to the rapidly aging population, growing lifestyle
disorders such as obesity and diabetes, and growth in trauma cases.
According to Market study, Growing usage of tissue engineering as an alternative for organs is the major
factor propelling the market growth. In addition, recent technological advancements, encouraging
government initiatives, and huge investments in R&D are the some of the key factors fostering the
market growth.
In term of Application segment, Tissue Engineering Market can be sub segmented into cord blood & cell
banking, cancer, GI& gynecology, dental, skin/integumentary, urology, orthopedics, musculoskeletal,
spine, neurology, cardiology & vascular segments. The cardiology and vascular segment is expected to
witness the fastest growth rate over the forecast period owing to the rapidly increasing prevalence of
cardiovascular diseases across the globe.
Regionally, North American held the majority of revenue share owing to technological advancements in
this region along with increasing awareness about the treatment options.