Meticulous Research®, a prominent global market research firm, has released a report titled "Regenerative Medicine Market Size, Share, Forecast, & Trends Analysis by Product (Gene Therapy, Stem Cell, PRP, CAR T Cell, Tissue Engineering), Application (Oncology, Cardiovascular, Neurology, Immunology), End User (Hospital, ASC) — Global Forecast to 2031."
According to this publication, the regenerative medicine market is anticipated to achieve a valuation of $78.53 billion by 2031, growing at a compound annual growth rate (CAGR) of 20% from 2024 to 2031. The market's expansion is fueled by several factors, including increased approvals of regenerative medicine, advancements in the field, rising incidences of target diseases, expanding applications in new therapy areas, and augmented funding for development efforts. Nonetheless, challenges such as high treatment costs and ethical considerations related to stem cells are expected to restrain growth.
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Moreover, opportunities for market growth are anticipated from escalating demand for personalized medicine, increasing need for organ transplants, and a growing pipeline of products. However, obstacles like unfavorable reimbursement policies and manufacturing complexities are hindering the market's progress.