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Tissue Engineering Market

Tissue Engineering Market

Tissue Engineering Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

210

Base Year:

2023

Date

Sep - 2024

Format:

PDF XLS PPT

Report Code:

VMR-2630

Segments Covered
  • By Application By Application Cord blood & Cell Banking, GI, Gynecology, Cancer, Skin & Integumentary, Dental, Orthopedics, Musculoskeletal, & Spine, Neurology, Urology, Cardiology & Vascular, Others
  • By Material Type By Material Type Synthetic Material, Biologically Derived Material, Others
  • By End-Use By End-Use Regenerative medicine research, Hospitals, Healthcare and medical institutes, Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Snapshot
Base YearBase Year: 2023
Forecast YearsForecast Years: 2024 - 2032
Historical YearsHistorical Years: 2018 - 2022
Revenue 2023Revenue 2023: USD 4.8 Billion
Revenue 2032Revenue 2032: USD 16.62 Billion
Revenue CAGRRevenue CAGR (2024 - 2032): 14.8%
Fastest Growing Region Fastest Growing Region (2024 - 2032) Asia Pacific
Largest Region Largest Region (2023): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Tissue Engineering Market Share

The global Tissue Engineering Market is valued at USD 4.8 Billion in 2023 and is projected to reach a value of USD 16.62 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 14.8% between 2024 and 2032. The market is driven by rising prevalence of chronic conditions like cardiovascular diseases, diabetes, and orthopedic disorders has fueled the demand for tissue engineering solutions designed to repair or replace damaged tissues.

Key Highlights

  • Based on the Application, the Orthopedics, Musculoskeletal, & Spine category accounted for significant market share of 60.3% in 2023
  • In 2023, by Material Type, Biologically Derived Material dominated the market with significant market share
  • North America dominated the market with 50.5% market share in 2023
  • Asia Pacific region is anticipated to grow at the highest CAGR of 15.6% during the forecast period
  • The use of stem cells in place of embryo cells, organ-on-a-chip technology, and 3D bioprinters capable of efficiently creating in vitro implants are driving the Tissue Engineering market growth

Tissue Engineering Market Size, 2023 To 2032 (USD Billion)

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Application Overview

​The Application Type is segmented into Cord blood & Cell Banking, GI, Gynecology, Cancer, Skin & Integumentary, Dental, Orthopedics, Musculoskeletal, & Spine, Neurology, Urology, Cardiology & Vascular, Others. The Orthopedics, Musculoskeletal, & Spine segment held the dominant share in 2023, accounting for significant market share of 60.3%.

The Orthopedics, Musculoskeletal, & Spine segment dominated the market driven by the rising incidence of musculoskeletal disorders. Tissue engineering has become a key treatment option for orthopedic surgeons, addressing a variety of conditions, from meniscal injuries in young athletes to osteochondral defects in the shoulder joint. According to the WHO, over 23 million people worldwide suffer from rheumatoid arthritis. For instance, there were 460 cases of rheumatoid arthritis per 100,000 people globally. The orthopedic regeneration field encompasses the spine, bone replacements, and bone transplants. In the United States, approximately 900,000 surgeries annually involve bone repair or replacement, as reported by the Medicare and Medicaid program. With nearly 15 million fractures occurring each year, healthcare costs in the U.S. increase by USD 59.9 billion.

Material Type Overview

The Material Type segment is divided into Synthetic Material, Biologically Derived Material, Others. In 2023, the Biologically Derived Material segment held largest share in the Tissue Engineering market.

The biologically derived materials segment led the market, capturing the largest share. This dominance is attributed to the growing use of natural materials such as collagen, chitosan, and hyaluronic acid in tissue regeneration, due to their biocompatibility and ability to promote cellular growth and integration. These materials are increasingly favored in applications like skin regeneration, bone repair, and cartilage engineering, driving their widespread adoption and contributing to the segment's leading market position.

Regional Overview

In 2023, the North America captured 50.5% of the revenue share.

North America Tissue Engineering market is driven by increased awareness of stem cell therapy, a growing elderly population, and a rising incidence of chronic diseases. The region’s high market share is also attributed to advanced technologies for diagnosing and treating chronic conditions, robust private and government funding, and substantial healthcare spending. Additionally, advancements in 3D tissue engineering and the presence of key industry players are fueling growth through continuous product innovations. For example, in April 2022, Organogenesis, a prominent regenerative medicine company, showcased their latest wound care advancements, including products like PuraPly AM, Affinity, Apligraf, and Organogenesis Physician Solutions, at the 2022 Symposium on Advanced Wound Care in Phoenix, Arizona.

U.S. Tissue Engineering market, valued at USD 1.12 Billion in 2023 to USD 3.97 Billion in 2032, is anticipated to grow at a CAGR of 15.1% from 2024 to 2032. This robust growth is fueled by several factors, including rapid advancements in tissue engineering technologies such as 3D bioprinting and stem cell research, increasing healthcare spending, and a rising demand for cutting-edge regenerative treatments. Additionally, the market benefits from a strong focus on research and development, along with supportive government policies and funding that promote innovation in the field. The growing prevalence of chronic diseases and the need for effective treatment solutions further drive the adoption of tissue engineering products and therapies in the U.S.

Asia Pacific region is anticipated to grow at the highest CAGR of 15.5% during the forecast period, driven by increasing healthcare infrastructure, rising awareness of regenerative medicine, and a growing demand for advanced treatments for chronic diseases. Additionally, government initiatives to support biomedical research and the presence of a large patient pool further contribute to the region’s rapid market expansion.

Japan stands out as a key country driving technological advancements in the tissue engineering sector. Additionally, the rising prevalence of clinical conditions like cancer across Asian countries, along with the advancements in 3D bioprinting and the growth of medical tourism, are anticipated to accelerate market growth in the region.

Based on the provided market data, Vantage Market Research offers customizations in the reports to meet the specific needs of clients.

Key Trends

  • Rise in 3D Bioprinting: 3D bioprinting is revolutionizing tissue engineering by enabling the precise creation of complex tissue structures. This technology allows for the layering of biomaterials and cells to create organ-like tissues or even organs, accelerating developments in organ transplantation and regenerative therapies
  • Increasing Focus on Regenerative Medicine: As populations age and chronic diseases become more prevalent, the demand for regenerative medicine solutions, such as tissue engineering, is growing. This trend is driving investments and research in the development of tissue-engineered products for applications like wound healing, bone regeneration, and organ repair
  • Advances in Stem Cell Technology: The use of stem cells, especially induced pluripotent stem cells (iPSCs), is expanding within tissue engineering. These cells can differentiate into various tissue types, offering a versatile source for creating engineered tissues, reducing reliance on donor organs, and personalizing treatments
  • Development of Biodegradable Scaffolds: Biodegradable scaffolds are gaining popularity in tissue engineering because they support tissue growth and gradually degrade as the natural tissue regenerates. Innovations in materials like hydrogels and nanofibers are improving the structural and functional properties of scaffolds, enhancing their performance in clinical applications
  • Growing Applications in Organ Regeneration: Tissue engineering is moving beyond skin and cartilage regeneration to more complex organs such as the heart, liver, and kidneys. Advances in biofabrication and cell biology are pushing the boundaries of what can be achieved in terms of organ regeneration, potentially addressing organ transplant shortages

Report Coverage & Deliverables

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Market Dynamics

Growing need for regenerative medicines drives the market

Regenerative medicine aims to restore or replace damaged tissues and organs by stimulating the body's own repair mechanisms. The aging population, rise in chronic diseases, and organ shortages are driving up demand for these treatments. Regenerative medicine relies heavily on tissue engineering, which offers solutions for tissue regeneration. For instance, by creating tissues to replace damaged portions, it can help treat ailments like diabetes, heart disease, and skin or bone fractures. As the need for novel therapeutics increases, this requirement is propelling the industry ahead.

High costs associated with treatments remain a major barrier for the market

Developing tissue-engineered products requires expensive raw materials, sophisticated equipment, and complex processes like cell culture, scaffolding, and bioreactors. In addition, the expenses associated with clinical trials, regulatory approvals, and manufacturing may drive up the cost. This inhibits widespread adoption and restricts access, especially in developing countries.

Increasing technological advancements presents opportunity for the Tissue Engineering market

Emerging technologies, such as 3D printing and Quantum Magnetic Resonance Therapy (QMRT), present significant opportunities for the tissue engineering market. 3D Printing: Allows for the precise construction of scaffolds or even whole organs using biocompatible materials, tailored to individual patients. This technology significantly improves the scalability, accuracy, and customization of tissue-engineered products. Quantum Magnetic Resonance Therapy (QMRT): Though still emerging, QMRT is believed to enhance the healing process at a cellular level by influencing magnetic fields. If successful, it could lead to faster and more effective tissue regeneration in tissue engineering, which could lead to new therapeutic opportunities. Over time, these developments may result in more affordable and accessible treatments, which leads to market expansion.

Competitive Landscape

The Tissue Engineering market is characterized by the presence of several established companies and emerging startups, all focused on advancing regenerative medicine and therapeutic solutions. Major players like Stryker, Organogenesis, and Medtronic dominate with a strong portfolio of products and significant investments in R&D, while smaller firms and research institutions contribute to innovation with specialized technologies in scaffolds, biomaterials, and stem cell therapies. Strategic collaborations, mergers, and acquisitions are common as companies strive to enhance their market position and expand their capabilities. Growth in the market is driven by increasing demand for organ transplantation alternatives, advancements in 3D bioprinting, and a focus on personalized medicine, though challenges like regulatory hurdles and high development costs persist.

The key players in the global Tissue Engineering market include - Integra Life Sciences Corporation, 3M, AbbVie Inc., Medtronic, Zimmer Biomet, Baxter International Inc., DePuy Synthes (Johnson & Johnson Services, Inc.), B. Braun Melsungen AG, Stryker Corporation, Organogenesis Inc., Cook Biotech Inc. among others.

Recent Market Developments

Sartorius Acquires 10% Stake in 3D Bioprinting Innovator BICO in 2023

  • In 2023, Sartorius, a biopharmaceutical equipment provider, acquired a 10% stake in BICO, a pioneering company in 3D bioprinting

Organogenesis Inc. Showcases Latest Wound Care Innovations at 2022 SAWC Spring Conference

  • The 2022 Symposium on Advanced Wound Care (SAWC) Spring Conference, held from April 6 to April 10, 2022, in Phoenix, Arizona, showcased the latest research on Organogenesis Inc.'s products, including Affinity, PuraPly AM, NuShield, Apligraf, Novachor, and Organogenesis Physician Solutions

LifeNet Health Unveils Cutting-Edge Allograft Biologics for Fusion at 2022 NASS Annual Meeting

  • In October 2022, LifeNet Health presented its most advanced allograft biologics for fusion at the North American Spine Society (NASS) Annual Meeting in Chicago

The global Tissue Engineering market can be categorized as Application, Material Type, End-Use and Region.

Parameter Details
Segments Covered

By Application

  • Cord blood & Cell Banking
  • GI, Gynecology
  • Cancer
  • Skin & Integumentary
  • Dental
  • Orthopedics, Musculoskeletal, & Spine
  • Neurology
  • Urology
  • Cardiology & Vascular
  • Others

By Material Type

  • Synthetic Material
    • Synthetic Polymers
    • Others
  • Biologically Derived Material
    • Collagen
    • Others
  • Others

By End-Use

  • Regenerative medicine research
  • Hospitals
  • Healthcare and medical institutes
  • Others

By Region

  • North America
    • U.S.
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Integra Life Sciences Corporation
  • 3M
  • AbbVie Inc.
  • Medtronic
  • Zimmer Biomet
  • Baxter International Inc.
  • DePuy Synthes (Johnson & Johnson Services Inc.)
  • B. Braun Melsungen AG
  • Stryker Corporation
  • Organogenesis Inc.
  • Cook Biotech Inc.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Vantage Market Research | 18-Sep-2024
FAQ
Frequently Asked Question
  • The global Tissue Engineering valued at USD 4.8 Billion in 2023 and is expected to reach USD 16.62 Billion in 2032 growing at a CAGR of 14.8%.

  • The prominent players in the market are Integra Life Sciences Corporation, 3M, AbbVie Inc., Medtronic, Zimmer Biomet, Baxter International Inc., DePuy Synthes (Johnson & Johnson Services, Inc.), B. Braun Melsungen AG, Stryker Corporation, Organogenesis Inc., Cook Biotech Inc..

  • The market is project to grow at a CAGR of 14.8% between 2024 and 2032.

  • The driving factors of the Tissue Engineering include

  • North America was the leading regional segment of the Tissue Engineering in 2023.