Europe Tissue Engineering Market is expected to reach US$ 7,368.93 Mn by 2027

Biologically Derived Material Segment Held Largest Share of Europe Tissue Engineering Market in 2019

According to our new market research study on “Europe Tissue Engineering Market to 2027 – Regional Analysis and Forecast – by Material Type, Application, and Applications,” the market is expected to reach US$ 7,368.93 million by 2027 from US$ 2,798.86 million in 2019; it is estimated to grow at a CAGR of 13.2% from 2020 to 2027. The report provides trends prevailing in the Europe Tissue Engineering market, and drivers and restraints pertaining to the market growth.

The Europe Tissue Engineering market based on Material Type is segmented into Biologically Derived Material, Synthetic Material, and others. In 2019, the Biologically Derived Material segment accounted for the largest share of the Europe Tissue Engineering market. The growth of the market for this segment is attributed to the advantages such as natural regenerative potential of tissues to restore body mechanism and on-demand release of specific chemokines at sites of injury. Further, the segment is also likely register the highest CAGR in the market during the forecast period.

The growth of the Europe Tissue Engineering market is mainly attributed to increasing incidences of chronic diseases, road accidents and trauma injuries, technological advancement in 3D bioprinting and government and private sector financial contributions among others; However, high costs associated with Tissue Engineering procedures is the major factor hindering the market growth in Europe.

A few of the leading companies operating in the Europe Tissue Engineering market are Stryker Corporation, Organogenesis Inc., Cook Biotech Inc., Integra Life Sciences Corporation, Acelity L.P.Inc, Allergan Plc., Medtronic, Zimmer Biomet, Baxter International Inc., DePuy Synthes (Johnson & Johnson Services, Inc.).

Europe Tissue Engineering Market, by Country, 2019 (%)

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Europe Tissue Engineering Market SWOT Analysis by 2027

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Europe Tissue Engineering Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Material Type (Biologically Derived Material, Synthetic Material, and Others), Applications (Orthopedic, Musculoskeletal and Spine, Skin, Cardiology and Vascular, Neurology, and Others), and Country

The report segments Europe Tissue Engineering market as follows:

Europe Tissue Engineering Market – By Material Type

• Biologically Derived Material
• Synthetic Material
• Others

Europe Tissue Engineering Market – By Applications

• Orthopedic, Musculoskeletal and Spine
• Skin
• Cardiology and Vascular
• Neurology
• Others

Europe Tissue Engineering Market – By Country

• Germany
• France
• Italy
• U.k.
• Spain