Global market for Tissue Engineering to Reach $27bl by 2018
Wednesday 15 Feb 2012
Hyderabad - A new global market report from the multi industry focused market research firm Industry Experts reveals that the market for Tissue Engineering is projected to touch US$27 billion by 2018 from an estimated US$6.6 billion in 2008, witnessing an healthy CAGR of 15%.
Advancements of novel therapies in the fields of tissue engineering and regenerative medicine have opened up new avenues for addressing a range of major diseases such as cancer; skin; cardiovascular conditions; urology; dental; neurological disorders including Alzheimer’s and Parkinson’s; and other. Engineered tissues can be successfully constructed through the recreation of a biologically active extracellular environment in which the product can be developed. These technologies offer new hope for medical progress, and the economies of emerging nations have recognized the potential of tapping into these fast emerging fields to gain maximum mileage.
The global market for the therapeutic areas of Tissue Engineering analyzed in this study comprises Orthopedics, Integumentary, Oncology, Cardiology, Dental, Neurology and Other. Individual regions analyzed in the study includes the United States, Europe, Asia-Pacific and Rest of World. Estimated to value US$11 billion in 2012, the global market for tissue engineering is expected to touch US$27 billion by 2018.
This 153 page global market report includes 27 rich data tables, supported with meaningful and easy to understand graphical presentation, of market numbers. The statistical tables represent the data for the global market value by geographic regions and application areas.
The report covers the brief business profiles of 60 major players across the United States – 47; Europe – 10; Asia-Pacific – 2; and Rest of World – 1. The report also provides the listing of the companies engaged in the business related to Tissue Engineering. The global list covers the addresses, contact numbers and the website addresses of 364 companies.
For more details, please visit http://industry-experts.com/verticals/biotechnology/tissue-engineering-the-combination-of-cells-and-engineering-a-global-market-overview.html