TISSUE ENGINEERING MARKET ANALYSIS

Tissue Engineering Market Size and Trends

The global tissue engineering market is estimated to be valued at USD 11.61 Bn in 2024 and is expected to reach USD 25.50 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.

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The global tissue engineering market is also witnessing significant growth due to the ongoing research and development activities in regenerative medicine. The clinical translation of various tissue-engineered products and the commercialization of these products are expected to provide new opportunities for market growth over the coming years. Many companies are investing extensively in developing advanced tissue-engineered products for applications across various therapeutic areas.

Market Driver – Increasing Prevalence of Kidney Related Disorders

Tissue engineering is gaining traction in various areas such as wound care, burn treatment, orthopedics, neurology, urological products, and others. Tissue engineering can play an important role in the management of pediatric patients. Tissue or organs absent at the time of birth, in congenital anomalies such as bladder exstrophy, esophageal atresia, and congenital diaphragmatic hernia pose a serious challenge in surgical repair. Moreover, tissue engineering approaches have become a significant area of interest in burn wound management. Tissue engineered skin substitutes have great potential for widespread applications in wound healing, particularly to address the limited availability of autologous skin increasing burn and trauma related injuries are expected to drive the global tissue engineering market growth. For instance, in February 2022, according to the American Chemical Society, the prevalence of chronic kidney disease (CKD) in the general population is estimated to be as high as 14% across the globe.

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With an ageing population and chronic diseases on the rise, there is a need for more effective medical treatments and therefore a need for trained tissue engineering researchers to deliver these technologies. Tissue engineering offers alternatives to surgical reconstruction, transplantation, and directing mechanical devices to repair damaged tissues. For instance, in March 2020, according to the National Library of Medicine, spinal cord injury (SCI) affects an estimated three million persons worldwide, with ∼180,000 new cases reported each year leading to severe motor and sensory functional impairments that affect personal and social behaviors. As tissue engineering technology is being developed for use in a variety of different fields, particularly in the biomedical field, a clear understanding of the mechanisms of tissue engineering is important.