Engineering – Global Market Outlook (2017-2023)” report has
been added to ResearchAndMarkets.com’s offering.
The Global Tissue Engineering market is expected to grow from $7.06
billion in 2016 to reach $16.82 billion by 2023 with a CAGR of 13.2%.
Growing usage of tissue engineering as an alternative for organs is the
major factor propelling the market growth. In addition, recent
technological advancements, encouraging government initiatives, and huge
investments in R&D are the some of the key factors fostering the market
growth. On the other hand, strict regulations for approvals, time taking
process to develop a tissue & high costs are the constraints limiting
the market growth.
Among all the applications, orthopedic segment leads the market globally
with the biggest market share and is expected to grow with a higher CAGR
during the forecast period. The growth of this segment is attributed to
growing geriatric population and raising incidence of reconstructive and
replacement surgeries. Neurology segment is likely to witness faster
growth rate due to increasing research & development. North America is
emerged as the major revenue generating region in the global market due
to innovative technological developments, and increasing incidence of
cancer rates in the Canada and U.S. Asia Pacific is expected to witness
high growth rate during the forecast period.
Some of the key players in global tissue engineering market
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