Global Tissue Engineering Market
Healthcare Services

Tissue Engineering Market Forecast 2023-2027 By The Business Research Company

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s tissue engineering market report forecasts the tissue engineering market size to grow to $22.39 Billion by 2027, with a CAGR (compound annual growth rate) of 14%.

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Tissue Engineering Market Size Forecast
The global tissue engineering market is expected to grow from $11.6 billion in 2022 to $13.32 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The global tissue engineering market size is expected to reach $22.39 billion in 2027 at a CAGR of 13.9%.

North America held the largest tissue engineering market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Tissue Engineering Market Driver ­– Increase In The Prevalence Of Chronic Diseases And Trauma Emergencies
According to the Mary Ann Liebert, Inc. article, a US-based privately held independent publishing firm, chronic wounds will impact around 2% of the overall population in the United States in March 2021. Furthermore, according to the Centres for Disease Control and Prevention (CDC), a US-based government body that specialises in the prevention and control of disease and injury, around 64,000 traumatic brain injuries occurred in the United States in 2020, with roughly 176 deaths per day caused by TBI. As a result, the rising prevalence of chronic diseases and trauma crises is propelling the tissue engineering industry forward.

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Key Tissue Engineering Market Trend – Technological Advancement
Major market players are focusing on research and development for new developments that would provide better solutions and increase their market position. For example, in March 2021, CELLINK, a tissue engineering business based in the United States, unveiled the BIO MDX Series, an advanced bioprinter that uses 3D bioprinting technology. 3D bioprinting technology is the use of bio-inks and living cells to create natural 3D tissue structures. The BIO MDX Series includes printheads, nanoliter and picoliter dispensing channels, and robotic integration to enable precise bioprinting for high-throughput creation in breakthrough cell-based technologies.

Tissue Engineering Market Segment
1) By Type: Synthetic Scaffold Material, Biologically Derived Scaffold Material, Other Types
2) By Application: Orthopedics And Musculoskeletal, Neurology, Cardiovascular, Skin And Integumentary, Dental, and Other Applications
3) By End-User: Hospitals And Clinics, Ambulatory Facilities

Tissue Engineering Market Major Players and Strategies
Major players in the tissue engineering market are Medtronic plc, Zimmer Biomet, Allergan plc, Organogenesis Holdings Inc., Integra LifeSciences, Stryker Corporation, DePuy Synthes, Acelity L.P. Inc., B. Braun, RTI Surgical Inc., AbbVie Inc., BD, Baxter International Inc., Osiris Therapeutics Inc., Organovo Inc., BioTime Inc., BioTissue Inc. and Vericel Corporation.

Stryker Corporation, a US-based multinational corporation that specialises in tissue engineering and medical technologies, paid an undisclosed sum for Wright Medical Group N.V. in November 2020. Stryker Corporation hopes to strengthen its product range in the trauma and extremities area through this purchase by providing advanced innovation and reaching more patients. Wright Medical Group N.V is a tissue engineering company established in the United States.

The Tissue Engineering Global Market Report 2023 covers regional data on tissue engineering market size, tissue engineering market trends and drivers, opportunities, strategies, and tissue engineering market competitor analysis. The countries covered in the tissue engineering market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Tissue engineering is a biomedical engineering discipline that uses integrated techniques from biology and engineering to create 3-D tissue and cellular products in-vivo and in-vitro by changing cell growth conditions and using appropriate cell isolates from donor tissue and biocompatible scaffold materials. It employs a variety of procedures to restore, repair, maintain, and improve tissue function by replacing or restoring damaged tissue to improve human body functions.

View More Reports Related To The Tissue Engineering Market –
Surgical Sealants And Adhesives Global Market Report 2023
Cell Culture Global Market Report 2023
Polymer Biomaterial Global Market Report 2023

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