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Tissue Engineering Market Size, Share, Forecast, & Trends Analysis by Product (Scaffold [Collagen, PLA, Stem Cells], Tissue Grafts [Allograft, Xenografts, Autografts]) Application (Musculoskeletal, Oncology, Cardiology) End User – Global Forecast to 2031
Report ID: MRHC - 1041406 Pages: 187 Nov-2024 Formats*: PDF Category: Healthcare Delivery: 24 to 72 Hours Download Free Sample ReportThe growth of this market is driven by the rising approvals for tissue engineering products, rising demand for regenerative medicine, availability of funding for the development of tissue engineering products, and rising incidences of musculoskeletal disorders. Furthermore, advancements in tissue engineering products, the use of tissue engineering products in sports medicine, and the increasing application of tissue engineering products in newer therapy areas are expected to generate growth opportunities for the stakeholders in this market.
Key Findings
Tissue engineering leverages the body's natural healing mechanisms to repair, restore, or regenerate damaged or diseased tissues. The field has gained significant momentum in recent years, fueled by its promising applications across oncology, cardiology, neurology, and other medical specialties. Regulatory agencies, such as the FDA and EMA, are increasingly acknowledging the potential of regenerative therapies, including tissue engineering, to address critical unmet medical needs. This recognition is facilitating the market entry of innovative treatments, offering patients advanced solutions for a range of conditions. With the implementation of streamlined regulatory pathways, such as accelerated approval processes and orphan drug designations, approval timelines for tissue engineering products have been notably shortened, encouraging further research and investment in the field. As tissue engineering's applications expand across various therapeutic areas, regulatory bodies are progressively granting approvals for these products. Some of the recent approvals for tissue engineering products include:
In May 2024, Medtronic plc (Ireland) received FDA Breakthrough Device Designation for its Infuse bone graft with intervertebral fusion device. This expands its product portfolio in the cranial and spinal technologies segment.
In regenerative medicine, 3D bioprinting represents an innovative approach to creating functional, three-dimensional tissues using living cells and biomaterials, as opposed to traditional materials like metals and polymers. This technology's ability to produce highly specialized tissue models has gained significant attention in recent years, driving its growing application in tissue engineering. 3D bioprinting enables the precise assembly of living cells, biochemicals, and biomaterials into complex structures that mimic the function of natural tissues. This capability facilitates the integration of engineered tissue with native tissue, promoting the restoration of organ and tissue function. As a result of its advantages, 3D bioprinting is gradually replacing conventional methods. Compared to traditional techniques, 3D bioprinting ensures the accurate construction of scaffolds and optimal cell line interactions. Furthermore, it allows for the creation of tissue components derived from a patient's stem cells, which reduces the risk of immune rejection and graft-versus-host disease, driving increased adoption of this transformative technology.
Traditional tissue engineering methods face several challenges, including the management of large volumes of data, increasing data complexity, and the potential for human error. To overcome these obstacles, there is a growing trend toward leveraging artificial intelligence (AI) for data analysis, enabling the identification of patterns and correlations to support treatment development. AI algorithms are becoming indispensable in tissue engineering, as they can detect patterns in cell interactions and behavior, allowing for the prediction of cell responses across various environments. This data-driven approach is instrumental in the development of functional tissues and organs.
Moreover, AI is being explored for its potential in biomanufacturing within regenerative medicine. For example, in April 2024, researchers at Northeastern University (U.S.) introduced a framework for integrating AI into the large-scale production of pluripotent stem cells. These engineered stem cells hold significant promise for treating a range of diseases, including Alzheimer's and Parkinson's, combating cancer, repairing spinal cord injuries, and addressing age-related conditions.
Tissue engineering is increasingly utilized in sports medicine when traditional nonsurgical treatments fail to heal sports-related injuries. It is primarily applied to repair or replace damaged ligaments, cartilage, or tendons. In this context, tissue engineering plays a crucial role in restoring, protecting, or healing injured tissues or improving the function of organs that have suffered damage or defects. Soft tissue allografts, which serve as critical substitutes, are commonly used for reconstructing damaged ligaments, torn menisci, and osteochondral defects, offering a viable solution for addressing these complex injuries.
Professional athletes are increasingly turning to tissue engineering for treatment, as these therapies offer significantly shorter recovery times compared to traditional methods. Additionally, tissue engineering presents a low risk of adverse effects, involves minimally invasive procedures, eliminates the need for prolonged post-surgery recovery, and provides permanent restoration of damaged tissue structures. This growing preference is being driven by the rising number of individuals participating in sports, presenting a substantial growth opportunity for the market. For example, in Ireland, sports participation increased by 3% between 2021 and 2022 (Source: Irish Sports Monitor). Similarly, according to the Sports and Fitness Industry Association, in 2023, 242 million people, or 78.8% of the North American population, engaged in at least one physical activity, marking a 2.2% increase from the previous year.
Based on application, the tissue engineering market is segmented into musculoskeletal & orthopedics, oncology, immunology and inflammation, neurology, dermatology, cardiology, and other applications. In 2024, the musculoskeletal & orthopedics segment is estimated to account for the largest share of the tissue engineering market. The largest share of the segment can be attributed to the rising prevalence of musculoskeletal disorders, the growing demand for bone tissue engineering, and the increasing incidence of road accidents. In the event of road accidents, tissue engineering products play a critical role in reconstructing and repairing damaged tissues.
Additionally, orthopedic surgeons are increasingly using tissue engineering as a therapeutic option for treating a variety of musculoskeletal lesions, from meniscal deficiencies in young athletes to osteochondral defects in the glenohumeral joint. The rising incidence of sports-related injuries is further driving the demand for tissue engineering products. According to the Centers for Disease Control and Prevention (CDC), more than 3.5 million sports injuries occur annually in the U.S., highlighting the growing need for advanced treatment solutions in this area.
In 2024, North America is estimated to account for the largest share of the tissue engineering market. The dominant share of this regional market is driven by several factors, including the rising prevalence of chronic conditions such as cancer, neurological disorders, and cardiovascular diseases, as well as increased funding for tissue engineering development. The presence of leading tissue engineering manufacturers in the region, growing awareness of the benefits of tissue engineering, and the active involvement of academic and research institutions in advanced R&D also contribute to market growth. Additionally, strong support from government bodies and regulatory authorities is promoting the adoption of tissue engineering products for medical applications. Both public and private organizations in the region are providing critical funding to advance tissue engineering innovation. For example, in July 2024, the Canadian government allocated USD 22.5 million to STEMCELL Technologies for the development of a state-of-the-art facility in Burnaby, British Columbia. This facility is designed to support the manufacturing and clinical trials of cell therapy, gene therapy, tissue engineering, and immunotherapy to address various chronic and degenerative conditions.
However, Asia-Pacific is slated to register the highest CAGR during the forecast period. Asia-Pacific is emerging as one of the fastest-growing markets for tissue engineering, fueled by increasing healthcare expenditures, a rapidly aging population, and a rising incidence of target diseases. Furthermore, the region is witnessing a surge in conferences dedicated to advancing tissue engineering and robust research initiatives, which are expected to significantly enhance awareness and drive broader adoption of these therapies.
The report includes a competitive landscape based on an extensive assessment of the key strategic developments that led market participants to adopt over the past three years. Some of the key players operating in global tissue engineering market report are Smith & Nephew plc (U.K.), Integra LifeSciences Holdings Corporation (U.S.), AbbVie Inc. (U.S.), Medtronic plc (Ireland), Zimmer Biomet Holdings, Inc. (U.S.), Organogenesis Inc. (U.S.), Becton, Dickinson and Company (C. R. Bard) (U.S.), Baxter International Inc. (U.S.), Octane Medical Group (Canada), Tissue Regenix Group plc (U.K.), Stryker Corporation (U.S.), and NuVasive, Inc. (U.S.).
Tissue Engineering Industry Overview: Latest Developments from Key Industry Players
Particulars |
Details |
Number of Pages |
187 |
Format |
|
Forecast Period |
2024–2031 |
Base Year |
2023 |
CAGR (Value) |
18.6% |
Market Size (Value) |
USD 7.41 Billion by 2031 |
Segments Covered |
By Product
By Application
By End User
|
Countries Covered |
North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Sweden, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa |
Key Companies |
Smith & Nephew plc (U.K.), Integra LifeSciences Holdings Corporation (U.S.), AbbVie Inc. (U.S.), Medtronic plc (Ireland), Zimmer Biomet Holdings, Inc. (U.S.), Organogenesis Inc. (U.S.), Becton, Dickinson and Company (C. R. Bard) (U.S.), Baxter International Inc. (U.S.), Octane Medical Group (Canada), Tissue Regenix Group plc (U.K.), Stryker Corporation (U.S.), and NuVasive, Inc. (U.S.) |
The tissue engineering market size was valued at $1.91 billion in 2023.
The market is projected to grow from $2.24 billion in 2024 to $7.41 billion by 2031.
The tissue engineering market analysis indicates a significant growth to reach $7.41 billion by 2031, at a compound annual growth rate (CAGR) of 18.6% from 2024 to 2031.
The key companies operating in this market include Smith & Nephew plc (U.K.), Integra LifeSciences Holdings Corporation (U.S.), AbbVie Inc. (U.S.), Medtronic plc (Ireland), Zimmer Biomet Holdings Inc. (U.S.), Organogenesis Inc. (U.S.), Becton, Dickinson and Company (C. R. Bard) (U.S.), Baxter International Inc. (U.S.), Octane Medical Group (Canada), Tissue Regenix Group plc (U.K.), Stryker Corporation (U.S.), and NuVasive, Inc. (U.S.).
A prominent market trend in tissue engineering is the use of 3D bioprinting and the use of AI in tissue engineering.
By product, the scaffold segment is forecasted to hold the largest market share.
By application, the musculoskeletal & orthopedics segment is poised to record the dominant position in the market.
By end users, the hospitals and clinics segment is expected to dominate the market.
By geography, North America is slated to register the largest market share
By region, North America holds the largest tissue engineering market Share in 2024. However, the Asia-Pacific region is expected to witness the fastest growth, driven by the increasing approvals for tissue engineering products in the region and supportive government initiatives for the use of tissue engineering products.
This market's growth is driven by rising approvals for tissue engineering products, rising demand for regenerative medicine, availability of funding for the development of tissue engineering products, and rising incidences of musculoskeletal disorders.
Published Date: Jun-2024
Published Date: Nov-2022
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Published Date: Aug-2024
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