(PharmaNewsWire.Com, January 12, 2017 ) According to the report Asia Pacific Regenerative Medicines, published by Market Data Forecast, this market is projected to reach USD 10.71 billion by 2021, at a CAGR of 28.90% from 2016 to 2021.
The regenerative medicines repair, restore or rejuvenate human cells, tissues, or organs stricken due to injury, disease, aging processes, congenital defects, and spoil due to trauma. These medicines replace normal functions of cells & tissues. These medicines are available in different types such as genes, somatic cells, stem cells, and other types. Asia Pacific Regenerative Medicines Market are used in wide range which include cardiovascular, neurodegenerative diseases, dermatology, and orthopedic, among others. Maximum of the researchers view to focus on the advancements of innovative technologies to provide high quality regenerative medicines and utile healthcare treatment solutions to patients.
Rising demand for biologically derived materials for regenerative medicines, evaluating technological enhancements and rich support from government to enhance the tissue engineering for the expansion of advanced therapies. Additionally, increasing utilization of regenerative medicines in cancer research & drug discovery, inclining organ transplantations, and rising healthcare expenditure are further enlarging the growth of regenerative medicines market.
The key players in regenerative medicines market such as, Vertex Pharmaceuticals Incorporated (U.S.), Acelity L.P. Inc. (U.S.), Celgene Corporation (U.S.), StemCells, Inc. (U.S.), Organogenesis Inc. (U.S.), NuVasive, Inc. (U.S.), Vericel Corporation (Genzyme) (U.S.), Japan Tissue Engineering Co., Ltd. (Japan), Cytori Therapeutics Inc. (U.S.), Advantagene, Inc. (U.S.), and Mesoblast Ltd. (Australia).
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