The global regenerative medicine market size is calculated at USD 20.09 billion in 2024 and is expected to be worth USD 139.70 billion by 2034, expanding at a CAGR of 21.4% from 2024 to 2034, as a result of the rising demand for cell and gene therapies.
Regenerative Medicine Key Players
The regenerative medicine market is dynamic, with key players driving innovation and growth. Companies like Medtronic, Thermo Fischer Scientific and Novartis are prominent, focusing on stem cell therapies, tissue engineering, and gene therapies. Startups such as Bluebird Bio and CRISPR Therapeutics contribute to the competitive landscape, emphasizing gene editing advancement. Collaboration between pharmaceutical giants and biotech firms and increasing research initiatives shape the evolving competitive scenario in regenerative medicine.
Martin Ridderstråle, Senior Vice President and Head of Medical Science at Novo Nordisk Foundation, in an interview, shared that the company is focusing on regenerative medicines, especially cell therapies, due to its increased demand and huge developments in Denmark. In the future, the company will find new opportunities in other areas of regenerative medicine. He also shared that AI will speed up the analysis of large amounts of data and improve manufacturing practices.
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