Friday, 26 April 2024
According to our new market research study on “Asia Pacific Tissue Engineering Market to 2027 – Regional Analysis and Forecast – by Material Type, Application, and Applications,” the market is expected to reach US$ 4,336.92 million by 2027 from US$ 1,538.97 million in 2019; it is estimated to grow at a CAGR of 14.1% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific Tissue Engineering market, and drivers and restraints pertaining to the market growth.
The Asia Pacific Tissue Engineering market based on Material Type is segmented into Biologically Derived Material, Synthetic Material, and others. In 2019, the Biologically Derived Material segment accounted for the largest share of the Asia Pacific Tissue Engineering market. The growth of the market for this segment is attributed to the advantages such as natural regenerative potential of tissues to restore body mechanism and on-demand release of specific chemokines at sites of injury. Further, the synthetic material segment is also likely register the highest CAGR in the market during the forecast period.
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Company Profiles
The growth of the Asia Pacific Tissue Engineering market is mainly attributed to increasing incidences of chronic diseases, road accidents and trauma injuries, technological advancement in 3D bioprinting and government and private sector financial contributions among others; However, high costs associated with Tissue Engineering procedures is the major factor hindering the market growth in Asia Pacific.
A few of the leading companies operating in the Asia Pacific Tissue Engineering market are Stryker Corporation, Organogenesis Inc., Cook Biotech Inc., Integra Life Sciences Corporation, Acelity L.P.Inc, Allergan Plc., Medtronic, Zimmer Biomet, Baxter International Inc., DePuy Synthes (Johnson & Johnson Services, Inc.).
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ASIA PACIFICTISSUE ENGINEERING MARKET SEGMENTATION
ASIA PACIFIC TISSUE ENGINEERING MARKET SEGMENTATION
By Material Type
By Application
By Country
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