Market Trends of North America Regenerative Medicines Industry
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.
