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Thursday, July 17, 2014

HEALTHWORLD# NEWS

Global regenerative medicine market expected to reach $67 billion by 2020       

Global regenerative medicine market expected to reach $67 billion by 2020
The global regenerative medicine market will reach $67.6 billion by 2020, up from $16.4 billion in 2013 with a compound annual growth rate (CAGR) of 23.2%, according to a new market research report from Oregon-based market intelligence company Allied Market Research (AMR).
The report, Global Regenerative Medicine Market (Technology, Applications, Geography) - Industry Analysis, Trends, Opportunities and Forecast, 2013-2020, found that small molecules and biologics segment holds prominent market share in the overall regenerative medicine technology market and is anticipated to grow at a CAGR of 18.9% during the forecast period.
Developments in stem cells and nanotech
Regenerative medicines have the ability to restore the lost functionality of tissues or organs, unlike conventional medicines, which are palliative. The immense potential of these medicines in repairing or regenerating diseased organs is the major reason for intensive focus on research and development in this field. The technologies implemented for these medicines utilize various cell types including stem cells. The advancements in nanotechnology and stem cells application would account for further progress of this novel field of medicine.
The global regenerative medicine market is segmented based on technologies into small molecules and biologics, gene therapy and cell therapy. Presently, biologics are extensively used for producing regenerative medicines followed by cell therapy. Cell therapy technology includes stem cell based methods for treating various disorders. However, most of the gene therapy products are still in clinical trials. The global market for small molecules and biologics is the largest revenue-generating segment, which is estimated to be $9.0 billion in 2013. However, gene therapy technology is expected to lead the segment at a CAGR of 28.6% during 2014-2020. The reason for this rapid growth is the ability of gene therapies to reduce the immune reactions, which occur post transplantation.
CNS applications to grow 30%
The application segment of regenerative medicines includes dermatology, cardiovascular, central nervous system (CNS), orthopedic and dental and others. Dermatology, cardiovascular and orthopedic applications has commercialized regenerative products and ongoing clinical trials. Additionally, numerous clinical trials are in process for CNS disorders and CNS applications are expected to be the most attractive segment, at a CAGR of 30.8% from 2014 to 2020.
Geographically, this market is classified into North America, Europe, Asia-Pacific and LAMEA. North America and Europe together accounted for over three quarters of the market revenue in 2013. However, technological adoption and emphasis on research of these medicines is accelerating in Japan and South Korea, making Asia-Pacific the fastest growing region for regenerative medicine market.

Regenerative medicine, nanotech, report, Allied Market Research

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