Report ID: SQMIG35H2236
Report ID:
SQMIG35H2236 |
Region:
Global |
Published Date: October, 2024
Pages:
219
|
Tables:
66 |
Figures:
75
North America dominates the global tissue engineering market due to its advanced healthcare infrastructure, significant investment in research and development, and strong presence of leading biotechnology and pharmaceutical companies. Strong investment in regenerative medicine is available in the region, due to both public programmes and private partnerships. It is also contributed by the current market needs and demands for more advanced treatment in orthopedics, skin and musculoskeletal tissues, among others. Furthermore, in North America, where there is a growing elderly population and an increasing number of chronic conditions, there is also a growing demand for efficacious methods of tissue engineering. Consequently, the region is also the first to embrace advances in tissue engineering owing to the presence of established policies as well as appropriate health care systems.
Asia Pacific is the fastest-growing region in the global tissue engineering market, driven by rapid advancements in healthcare infrastructure, increased medical research investments, and a rising demand for regenerative therapies. The progressive deterioration of the region’s aging population, and the increased occurrence of chronic diseases such as diabetes and osteoarthritis are fast tracking demand for tissue engineering products. Furthermore, the governments in countries such as China, Japan, and India view healthcare innovation as a priority region and therefore, have formulated workable policies and cash for sponsoring tissue engineering studies. More so, the region’s developing medical apparatus and biotechnological industries combined with decreased costs of production are also contributing to the increase in market growth in Asia Pacific.
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Report ID: SQMIG35H2236