Product ID: SQMIG35I2129
Report ID:
SQMIG35I2129 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
North America dominated the global market in 2021, accounting for more than 45% of the total revenue. This is due to the presence of a large number of major players in the United States. The presence of research institutions interested in the development of innovative treatments, as well as the availability of advanced technologies, contributes to a large number of clinical trials in the region. Financial availability, as well as many initiatives by government and private organizations, contributes to the largest revenue stream from the United States. For example, the US The Department of Health and Human Services 2020 A New Vision, campaign places regenerative medicine at the forefront of healthcare.
Asia Pacific is expected to witness the fastest CAGR during the forecast period due to the creation of infrastructure and facilities to accelerate stem cell research in the growing economies of the region. In April 2013, the Japanese Ministry of Health, Labor, and Welfare enacted the Regenerative Medicine Act, which accelerated the clinical development of regenerative and cell-based medicine. Similarly, the Chinese government has allowed various human embryonic stem cell research operations, encouraging researchers to investigate the clinical potential of these cells.
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REQUEST FREE CUSTOMIZATIONRegenerative Medicine Market size was valued at USD 9.59 billion in 2019 and is poised to grow from USD 12.2 billion in 2023 to USD 83.6 billion by 2031, growing at a CAGR of 27.2% in the forecast period (2024-2031).
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Product ID: SQMIG35I2129