According to the business analysis report titled, ‘Regenerative Medicine Market Size By Type (Cell Therapy, Tissue Engineering, Gene Therapy), By Application (Oncology, Dermatology, Musculoskeletal, Neurology, Cardiovascular, Wound Healing, Ophthalmology), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, the regenerative medicine market is anticipated to amass robust returns during 2021-2027.
 

Rapid growth in the incidences of chronic diseases has increased the demand in regenerative medicine market globally. Furthermore, growing investments in R&D for innovative medicines, increased usage of stem cell technology in the treatment of various diseases, and a strong product pipeline for new therapies are likely to play a pivotal role in the augmentation of the market in the upcoming years.
 

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However, a stringent regulatory framework, as well as the expenditure incurred for conducting regenerative therapies may hinder this surge in demand in the assessment timeline.
 

Based on the type, the market has been divided into tissue engineering, gene therapy, and cell therapy among others. The others sub-segment is anticipated to gain considerable traction in the upcoming years. This can be ascribed to continuous development and escalating demand for cell-based immune-oncology therapies with other small molecules.
 

Moving on the application scope, global regenerative medicine industry segmentation is classified into wound healing, musculoskeletal, cardiovascular, neurology, ophthalmology, and oncology among others. Of these, cardiovascular sub-segment is expected to record strong gains in the upcoming years, creditable to increasing number of clinical studies aimed at developing new treatments for heart stroke and other cardiovascular ailments.
 

From a regional frame of reference, the regional market in Asia Pacific is expected to register a healthy growth rate during the forecast period owing to a surge in the number of diseases and industry expansion activities by key players in the area.
 

Speaking of the competitive landscape, the research report sheds light on major partnership and acquisition deals between key players. For instance, Amgen Inc., an American biopharmaceutical company had announced the acquisition of Rodeo Therapeutics Corporation in March 2021 with an aim to enhance Amgen’s latest regenerative therapy portfolio.
 

Citing another major development, GlaxoSmithkline , a major global corporation initiated a collaboration deal with Samsung Biologics Co., Ltd, a South Korean biotechnology company in May 2020 in order to begin its operations in a manufacturing facility provided by the latter
 

Bristol Myers Squibb, GC Pharma, Bluebird Bio.Inc., Novartis AG, Anterogen Co., Ltd, Organogenesis, Smith & Nephew plc, Terumo Blood & Cell Technologies, Avita Medical, and Biosolutions Ltd are some of the other major players influencing the global regenerative market trends.