Regenerative medicine market

Regenerative medicine is currently a booming market in the field of healthcare. It has been a boon to lives of many people who are affected with organ failures, chronic diseases such as cancer and diabetes, as it is working as an effective solution in restructuring and re-growing the damaged tissues. Regenerative medicine is the collection of techniques and technologies which are aimed to restore functioning of living bodies to something that resembles its original condition.

Organ/tissue failure is one of the critical health problems being suffered by many patients globally. This has led to the increased demand for organ transplantation since past few years. But, organ shortage has been the main disappointing barrier in organ transplantation industry. However, regenerative medicine is set to significantly contribute in addressing organ shortage in future. Allogenic grafts or allografts are tissue grafts used to replace damaged tissues or non-functioning organs in order to restore their normal function. Regenerative medicine is an emerging interdisciplinary field of research and clinical applications focused on the repair, replacement or regeneration of cells, tissues, or organs to restore impaired function. It uses a combination of several technological approaches which include the use of soluble molecules, gene therapy, stem cell transplantation, tissue engineering, and the reprogramming of cell and tissue types.

Scientists are researching on techniques like stem cell therapies in order to restore mobility to those with spinal-cord injuries. A Stem cell can become any cell and therefore it can potentially create any tissues or organs under specific conditions. Developments in cell and stem cell biology, material sciences and tissue engineering is enabling researchers to develop a cutting-edge technology, which has led to the innovation of non-modular tissue constructs such as skin, bladders, vessels and others. Regenerative medicine market is projected to reach revenue of $67.1 billion by 2022, according to a recent report published by IndustryARC.

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