The global regenerative medicine market is growing at a significant rate, due to the mounting occurrence of chronic diseases, degenerative diseases, and genetic disorders, and expanding the geriatric population.
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The emerging technological advances, a mounting number of clinical trials, and the mounting number of partnerships and collaborations are the major trends of the regenerative medicine market.
The mounting occurrence of chronic diseases, degenerative diseases, and genetic disorders, development of stem cell technologies, government & private funding to reinforce the development of regenerative medicine, mounting alertness about the advantages of stem cell therapies and surge in partnerships to speed up growth and commercialization are the primary growth drivers for regenerative medicine market.
The escalating demand for organ transplantation, upsurge in acceptance of technology for peripheral artery diseases, mounting perspective in emerging economies such as India, and China, emergence of utilization of nanomaterial in drug delivery, wound care and immunomodulation, extensive product pipeline, and beneficial prospects for stem cell technologies are some of the opportunities in the regenerative medicine industry.
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Integra Lifesciences Corporation, Organogenesis Inc., Nuvasive, Inc., Stryker Corporation, Vericel Corporation, Medtronic PLC, Osiris Therapeutics, Inc., and Cook Biotech Incorporated are the key players offering regenerative medicine.
Source: VynZ Research