North America Regenerative Medicines Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 19.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Regenerative Medicines Market Analysis
The North America Regenerative Medicine Market is expected to register a CAGR of nearly 19.5 % during the forecast period. The key factors propelling the growth of the North America regenerative medicine market are the increasing adoption of stem cell technologies, gene therapies, and tissue engineering, and the technological advancements in regenerative medicine.
As per Heart Disease & Stroke Statistical Fact Sheet 2020, estimates that a minimum of 40,000 infants is expected to be affected each year by congenital heart defects in the United States. Of these, about 25% or 2.4 (per 1,000 live births), require treatment in the first year of life. In addition, according to the Centers for Disease Control and Prevention (CDC), in the United States, the prevalence of atrial fibrillation is estimated to rise to 12.1 million by the year 2030.
Technological advancements in biologics, biomaterials, stem cell technology, and tissue engineering, thus contributing to the market growth. Thus, owing to the above mentioned factors the market is expected to show significant growth over the forecast period.
North America Regenerative Medicines Market Trends
This section covers the major market trends shaping the North America Regenerative Medicines Market according to our research experts:
Dermatology Segment is Expected to Hold the Largest Market Share in the North America Regenerative Medicine Market During the Forecast Period
Dermatology segment is estimated to have the largest share in revenue generation due to the presence of easy grafting techniques for dermatological wounds and diseases. Skin, being an organ with great cell replication characteristics, provides various types of stem cells from its different layers. Therefore, there is a broad range of products present, from patches to cure small injuries to matrix and grafts for chronic wounds and burns. Thus, the segment is expected to continue to dominate the market through the forecast period.
As per National Safety Council Fact Sheet, in 2017, about 50% of the football injuries were treated in young people who were between 5 to 14 years, 45% of soccer injuries, 44% of baseball injuries and 40% of lacrosse and rugby injuries in the United States. In addition, in 2017 personal exercise, with or without exercise equipment, accounted about 526,000 injuries the most of any category of sports and recreation followed by basketball with about 500,000 injuries.
In addition, as per Traffic Safety Facts 2018, in 2018, the number of traffic-related fatalities in the United States were around 36,560, compared with 37,476 fatalities in 2017.
The increasing number of injuries and traffic related fatalities is also expected to drive the regenerative medicine market. Thus, the segment is expected to continue to dominate the market through the forecast period.
North America Regenerative Medicines Industry Overview
The North America regenerative medicine market is highly competitive. The small-scale companies are also merging with large companies to develop tissue models for research and therapeutic purposes. Thus, companies are making considerable investments in novel technologies, thus driving the market. Moreover, In the coming years, few other players are expected to enter the market.
North America Regenerative Medicines Market Leaders
Integra Lifesciences
Organogenesis Inc
Osiris Therapeutics (Smith & Nephew)
Abbvie Inc (Allergan Plc)
Cook Medical (Cook Biotech Incorporated)
*Disclaimer: Major Players sorted in no particular order
North America Regenerative Medicines Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Adoption of Stem Cell Technology
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4.2.2 Technological Advancements in Regenerative Medicine
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4.3 Market Restraints
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4.3.1 Regulatory and Ethical Issues
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4.3.2 High Cost of Treatments
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type of Technology
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5.1.1 Stem Cell Therapy
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5.1.2 Biomaterial
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5.1.3 Tissue Engineering
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5.1.4 Other Types of Technologies
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5.2 By Application
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5.2.1 Bone Graft Substitutes
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5.2.2 Osteoarticular Diseases
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5.2.3 Dermatology
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5.2.4 Cardiovascular
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5.2.5 Central Nervous System
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5.2.6 Other Applications
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Abbvie Inc (Allergan Plc)
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6.1.2 Osiris Therapeutics (Smith & Nephew)
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6.1.3 Integra Lifesciences
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6.1.4 Cook Medical (Cook Biotech Incorporated)
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6.1.5 Organogenesis Inc.
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6.1.6 Baxter
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6.1.7 Medtronic Plc
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6.1.8 Thermo Fisher Scientific
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6.1.9 Merck KGaA (Sigma-Aldrich Co.)
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6.1.10 Becton Dickinson and Company
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Regenerative Medicines Industry Segmentation
As per the scope of the report, regenerative medicines are used to repair, replace, and regenerate the tissues and organs affected by injury, disease, or the natural ageing process. These medicines restore the functionality of cells and tissues and are used in several degenerative disorders, such as dermatology, neurodegenerative diseases, cardiovascular, and orthopaedic applications. The North America Regenerative Medicine Market is segmented by type of technology application and geography.
| By Type of Technology | |
| Stem Cell Therapy | |
| Biomaterial | |
| Tissue Engineering | |
| Other Types of Technologies |
| By Application | |
| Bone Graft Substitutes | |
| Osteoarticular Diseases | |
| Dermatology | |
| Cardiovascular | |
| Central Nervous System | |
| Other Applications |
| Geography | |||||
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North America Regenerative Medicines Market Research FAQs
What is the current North America Regenerative Medicines Market size?
The North America Regenerative Medicines Market is projected to register a CAGR of 19.5% during the forecast period (2024-2029)
Who are the key players in North America Regenerative Medicines Market?
Integra Lifesciences, Organogenesis Inc, Osiris Therapeutics (Smith & Nephew), Abbvie Inc (Allergan Plc) and Cook Medical (Cook Biotech Incorporated) are the major companies operating in the North America Regenerative Medicines Market.
What years does this North America Regenerative Medicines Market cover?
The report covers the North America Regenerative Medicines Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Regenerative Medicines Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Regenerative Medicines Industry Report
Statistics for the 2024 North America Regenerative Medicines market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Regenerative Medicines analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
