Regenerative Medicine Market Size, Share & Trends Report

Regenerative Medicine Market Size, Share & Trends Analysis Report By Product (Cell-based Immunotherapies, Gene Therapies), By Therapeutic Category, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-952-4
  • Number of Pages: 230
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2023
  • Industry: Healthcare

Research Methodology

A three-pronged approach was followed for deducing the regenerative medicine market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for regenerative medicine market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of regenerative medicine market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Regenerative Medicine Market Categorization:

The regenerative medicine market was categorized into three segments, namely product (Therapeutics, Tools, Banks, Services), therapeutic category (Dermatology, Musculoskeletal, Immunology & Inflammation, Oncology, Cardiovascular, Ophthalmology), region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The regenerative medicine market was segmented into product, therapeutic category, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The regenerative medicine market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; Germany; the UK; France; Italy; Spain; Denmark; Sweden; Norway; China; Japan; India; South Korea; Australia; Thailand; Brazil; Mexico, Argentina; South Africa; Saudi Arabia, UAE; Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Regenerative medicine market companies & financials:

The regenerative medicine market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • AstraZeneca - AstraZeneca is a prominent global biopharmaceutical company that specializes in the research, development, and commercialization of a wide range of innovative medicines and therapies across various therapeutic areas. AstraZeneca is committed to advancing medical science and improving patient outcomes by addressing unmet medical needs and delivering impactful healthcare solutions within the healthcare sector.

  • F. Hoffmann-La Roche Ltd. - F. Hoffmann-La Roche Ltd. develops and manufactures diagnostic & pharmaceutical products. It has 26 manufacturing sites across the globe with two business segments: pharmaceuticals and diagnostics. The pharmaceutical segment manufactures drugs for infectious diseases, cardiovascular, respiratory, & metabolic disorders, cancer, and central nervous system & autoimmune diseases. Roche Diagnostics is involved in various fields ranging from patient self-monitoring to clinical laboratory systems. Roche Professional Diagnostics (RPD) is the company’s largest business segment and provides solutions, tests, and instrument systems to enable reliable and cost-effective delivery of results. Ventana Medical Systems, a member of Roche Group, is involved in the development of assays & kits for in situ hybridization. It has operations in several regions, including North America, South America, Europe, Africa, Asia, and Oceania.

  • Integra LifeSciences - Integra LifeSciences has established itself as a leader in regenerative medicine. The company is a global provider of surgical instrumentation, regenerative technologies, and neurosurgical solutions. It has a robust presence across the globe.

  • Astellas Pharma, Inc. - Astellas Pharma, Inc. is involved in the manufacturing and supply of pharmaceuticals. The company was originally founded by Kenji Yamanouchi and was called Yamanouchi Yakuhin Shokai in Osaka. Over a period, the company has expanded its global presence in North America, Latin America, MEA, and Asia Pacific countries. Astellas Pharma is also involved in research pertaining to applications of stem cells as therapeutic agents in treating diseases. Astellas acquired Ocata Therapeutics in February 2016 and renamed it as Astellas Institute for Regenerative Medicine (AIRM). AIRM serves as a global hub for cell therapy & regenerative medicine research. Its prime focus is on treatments for disorders of the posterior segments of the eyes, such as dry Age-related Macular Degeneration (AMD), Retinitis Pigmentosa (RP), Diabetic Macular Edema (DME), and Stargardt’s Macular Degeneration (SMD). The company’s research partners include academic institutes for cell therapy and regenerative medicine in Japan, England, and the U.S.

  • COOK BIOTECH - COOK BIOTECH is primarily engaged in the manufacturing of biologic tissue grafts. The company used extracellular matrix technology for this manufacturing process. It offers products for soft tissue repair treatment for various applications including hernia, fistula, dural repair, Peyronie’s disease, plastic surgery, staple line reinforcement, and pelvic organ prolapse. Its corporate partners are AxoGen Inc., CorMatrix Cardiovascular, Katena Products, Inc., Keystone Dental, Morris Innovative Research, Inc., Smith & Nephew, and Vetrix. As COOK BIOTECH, INC. is a privately held organization, its financial details are not available in the public domain.

  • Bayer AG - Bayer AG’s core business includes human pharmaceuticals, veterinary pharmaceuticals, human healthcare products, biotechnology products, and agricultural chemicals. Bayer Healthcare specializes in general and specialty medicines. The company operates through four verticals: medical care, consumer care, animal health, and pharmaceuticals. The consumer care division focuses on nonprescription medicines, dietary supplements, and dermatology products. Medical care comprises blood glucose meters, diagnostic imaging agents, and mechanical systems to treat constricted vessels. The pharmaceuticals division focuses on prescription medicines used in indications such as cardiology and infectious diseases.

  • Pfizer, Inc. - Pfizer, Inc. is a pharmaceutical company involved in the manufacturing of products for the treatment of a wide range of diseases, including diabetes, immunologic disorders, cardiovascular diseases, cancer, and dermatological diseases. It operates through two segments: Innovative Health and Essential Health. The company operates through five sectors—primary care, oncology, animal & consumer healthcare, emerging economies, and nutrition. The company has 64 manufacturing sites across the globe. Pfizer has formed strategic alliances with Johnson & Johnson Services, Inc.; Merck & Co., Inc.; GE Healthcare; Novartis AG; F. Hoffmann-La Roche Ltd.; and Bayer AG to strengthen its market position.

  • Merck KGaA - Merck KGaA is a technology and life sciences company. The company offers solutions in healthcare, life sciences, and electronics. It specializes in fields such as chemicals, technology, pharmaceuticals, and science. The company provides solutions across 66 countries. Merck has a strong footprint in Germany. It manufactures, develops, and markets medicines & products for academic research, biotech, specialty chemicals, and pharmaceutical industries.

  • Abbott - Abbott is a U.S.-based healthcare and pharmaceutical company that operates in four core business segments: pharmaceuticals, medical devices, nutritional products, and diagnostics. The company has a presence in more than 160 countries through research, manufacturing, sales, and distribution facilities.

  • Vericel Corporation - Vericel Corporation, formerly known as Aastrom Biosciences, Inc., is involved in the manufacturing and marketing of cell-based therapies. It provides autologous cellularized scaffolds, chondrocyte implants, and epidermal autografts for the treatment of chronic conditions.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Regenerative Medicine Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Regenerative Medicine Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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