USD 1.02 billion
Report ID:
SQMIG35H2197 |
Region:
Global |
Published Date: July, 2036
Pages:
157
|Tables:
67
|Figures:
75
Global Scaffold Technology Market size was valued at USD 1.76 billion in 2022 and is poised to grow from USD 2.00 billion in 2023 to USD 5.63 billion by 2031, growing at a CAGR of 13.8% in the forecast period (2024-2031).
Organ systems and organs that may have suffered damage as a result of a disease or injury are maintained by scaffolds. Tissue engineering and regenerative medicine are used to achieve this. Tissue engineering is the process of replacing or enhancing biological processes by combining cells with the appropriate physio-chemical and biochemical elements.
The three main elements of engineered tissues—cells, scaffolds, and growth-stimulating signals—are collectively referred to as the tissue engineering triad. Scaffolds, which are often comprised of polymeric biomaterials, give cells the structural support they need to connect, which then allows for the formation of new tissue. Three types of scaffolds can be used for tissue engineering: fibrous, porous, and hydrogel.
To create tissue, scaffolds are either transplanted directly onto the damaged area or cultivated in vitro. A number of biomaterials and construction methods are used to create scaffolds. A number of crucial factors, including biocompatibility, mechanical characteristics, biodegradability, and scaffold architecture, must be taken into account when deciding if a scaffold is appropriate. This market's expansion is due to the sharp increase in demand for organ transplant and reconstruction treatments around the world. The industry is also being driven by the increase in patients with major non-functioning organs. Increased R&D efforts on the creation of a 3D matrix built on 3D substrates are also promoting market expansion. The market for scaffold technology is expanding due to increased tissue engineering developments and investments by biotechnology firms in the creation of new products.
US Scaffold Technology Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.02 billion
Largest Segment
Hydrogels
Fastest Growth
Hydrogels
Growth Rate
18% CAGR
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The Global Scaffold Technology Market is segmented based on the Type, Application, and region. Based on the Type, the Global Scaffold Technology Market is segmented as Hydrogels, Polymeric Scaffolds, Micropatterned Surface Microplates, Nanofiber Based Scaffolds, and Others. Based On Application, the Global Scaffold Technology Market is segmented as Stem Cell Therapy, Regenerative Medicine, & Tissue Engineering, Drug Discovery, and others and Others. Based on Region Scaffold Technology Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Scaffold Technology Market Analysis by Type
Based on the Product, the hydrogels segment, which accounted for a total of 42.2% of the scaffold technology market in 2020, had the biggest share by type. Hydrogel microfabrication technology advancements are anticipated to further support segment expansion. Over the projection period, the nano fiber-based scaffolds market is anticipated to grow at a profitable CAGR of 9.8%. The segment is expanding as Nano fiber-based scaffolds are used more frequently in tissue engineering and regeneration applications.
Scaffold Technology Market Analysis by Application
The Global Scaffold Technology Market has been segmented on the basis of application as Stem Cell Therapy, Regenerative Medicine, & Tissue Engineering, Drug Discovery, and others. The market for scaffold technology was dominated by the stem cell therapy, regenerative medicine, and tissue engineering sector in 2020, which also had the highest revenue share of more than 66.0 %. The expansion is linked to the increasing use of scaffold technology in periodontology, colorectal surgery, soft tissue tumor repair, cosmetic surgery, abdominal wall repair, and reconstructive procedures.
Additionally, researchers have recently become much more interested in the widespread use of scaffold technology in the field of regenerative medicine. As an illustration, researchers from the Wake Forest Institute for Regenerative Medicine (WFIRM) created a hybrid tissue construct that can be used for cartilage regeneration in November 2020. The technology of 3D bioprinting was used in its development. Consequently, there is increasing interest in developing tissue cans.
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Because of the presence of key market players, widespread acceptance of new technology, and an increase in stem cell and stem cell research projects, North America is the region that dominates the scaffold technology industry.
It constitutes 40.6% of all sales and is expected to maintain its dominant position for the whole projected period. The regional industry is forecasted to increase as a result of more products being introduced in the area to help with 3D cell culture manufacturing. Additionally, research institutions are examining this area to find fresh uses for scaffold technology.
Also, Asia Pacific is expected to have rapid growth. The advancement of the area is encouraged by the engagement of governmental institutions engaged in stem cell and regenerative medicine research. For example, the Indian Council of Medical Research and the Ministry of Science and Technology have made stem cell research and regenerative medicine a top priority. Moreover, it is anticipated that the National Centre for Cell Science's work in stem cell biology and other areas of advanced medicine would broaden the use of scaffold technology in the area.
Boehringer Ingelheim and the China Southeast University Institute of Life Sciences have launched a collaborative study to create hearing loss treatments through the regeneration of hair cells from inner ear stem cells.
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Scaffold Technology Market Driver
Scaffold Technology Market Restraint
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There are several significant companies in the fiercely competitive Scaffold Technology Market. Few of the big competitors now control the majority of the market in terms of market share. The market is becoming more competitive overall due to the existence of significant players including Corning Incorporated, Lonza AG, Merck KGaA, and Thermo Fisher Scientific.
Scaffold Technology Market Top Company Profiles
Scaffold Technology Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Scaffold Technology Market Analysis, in terms of application, along with stem cell therapy the drug discovery market is anticipated to increase significantly throughout the forecast period. The demand for scaffold technology in this market has been driven by the necessity to create reliable and transportable tools for the study of biomedical science, including drug discovery and therapeutic development. Comparatively to traditional methods, the technology makes it easier to understand the molecular causes of drug candidate action in toxicity screening procedures.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.76 billion |
Market size value in 2031 | USD 5.63 billion |
Growth Rate | 13.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Scaffold Technology Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Scaffold Technology Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Scaffold Technology Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG35H2197
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