Market revenue in 2023 | USD 16,945.0 million |
Market revenue in 2030 | USD 43,130.7 million |
Growth rate | 14.3% (CAGR from 2023 to 2030) |
Largest segment | Orthopedics,musculoskeletal, & spine |
Fastest growing segment | Cardiology & Vascular |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Cord blood & Cell Banking, Cancer, GI, Gynecology, Dental, Skin & Integumentary, Urology, Orthopedics,Musculoskeletal, & Spine, Neurology, Cardiology & Vascular |
Orthopedics,musculoskeletal, & spine was the largest segment with a revenue share of 59.53% in 2023. Horizon Databook has segmented the Global tissue engineering market based on cord blood & cell banking, cancer, gi, gynecology, dental, skin & integumentary, urology, orthopedics,musculoskeletal, & spine, neurology, cardiology & vascular covering the revenue growth of each sub-segment from 2018 to 2030.
Stem cell therapies have significant potential as therapeutics across various clinical applications. This has resulted in substantial global investments in research and clinical translation. Rapid advances in stem cell research aid in improved disease management. Thus, with an increase in the incidence of cancer, diabetes, and other chronic disorders, research on stem cells has increased.
In May 2023, European Pharmaceutical Review (EPR) released an article where it examines how technological advancements are revolutionizing ATMP manufacturing as well as current advances in stem cell therapy for a number of difficult-to-treat diseases or disorders.
According to the researchers, using stem cells from cord blood rather than suitable adult donors has been done in the past and it boosts the possibility of curing HIV with stem cell transplantation in persons of all racial origins.
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