Robust Growth in Asia-Pacific Drives Global Tissue Engineering Market to Reach 57 Billion by 2024 – Market Report (2018-2024) by Industry Experts, Inc.
Monday 24 Jun 2019
Industry Experts, Inc. published an updated 2019 version of market research report "Tissue Engineering: Technologies and Therapeutic Areas – A Global Market Overview". As per the new report, the global market for Tissue Engineering is led by North America, estimated at US$9.6 billion in 2018, which is expected to maintain a CAGR of 16.2% between 2018 and 2024 and reach a projected US$23.6 billion by 2024.
Organs developed using Tissue Engineering are highly durable and efficient, with applications gaining ground in areas, such as surgical manipulation of tissues and prosthetics for cardiac, cancer and orthopedic uses. The technology has reached a stage where the products offer a reduced rate of rejection by the body, which would further propel the market for Tissue Engineering. Though North America is the leading global region for revenues garnered from Tissue Engineering, Asia-Pacific is likely to outpace all other regions by posting the fastest CAGR over the analysis period.
Orthopedics, Musculoskeletal & Spine applications corner the largest share of the global market for Tissue Engineering in terms of application, which is estimated at 60.5% or US$13.5 billion in 2018 and is projected to reach US$34.7 billion by 2024 at a CAGR of 17.1% between the two years. Overall, Tissue Engineering market, globally, for 2019 is projected to touch US$25.4 billion.
The global Tissue Engineering market is segmented, for the purpose of this study, in to five major regions namely North America, Europe, Asia-Pacific, South America and Rest of World. These regional markets further analyzed for 13 independent countries across North America – the United States, Canada and Mexico; Europe – France, Germany, Italy and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; and South America – Brazil and Argentina.
This 374 page global Tissue Engineering market report includes 145 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report profiles 20 key global players and 38 major players across the North America – 28; Europe – 7; and Asia-Pacific – 3. The report also provides the listing of the companies engaged in research & development, manufacturing and supply of tissue engineering materials. The global list of companies covers addresses, contact numbers and the website addresses of 270 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/biotechnology/tissue-engineering-technologies-and-therapeutic-areas-a-global-market-overview
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