Asia Pacific Tissue Engineering Market Growth and Forecast by 2027
Asia Pacific 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
- Report Date : Aug 2020
- Report Code : TIPRE00013294
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 135
The Asia Pacific Tissue engineering market is expected to reach US$ 4,336.92 million by 2027 from US$ 1,538.97 million in 2019; it is estimated to grow at a CAGR of 14.1% from 2020 to 2027.
The key factors driving the market growth are the increasing incidences of chronic diseases, road accidents and trauma injuries and technological advancement in 3D tissue engineering. However, high costs associated to Tissue engineering process is the major factor hindering the Tissue engineering market growth in Asia Pacific.Tissue engineering is a procedure used as a blend of material methods and cellular activities. This approach explores the physicochemical and biochemical conditions to replace the biological tissues and strengthen them. It is an innovative technology that works either in isolation or in conjunction with the scaffolds, stem cells, regenerative medicine and growth factors or negotiators. The process utilizes molecular and cellular processes in combination with the principles of material engineering to surgically repair and restore tissue.
The rising incidence of chronic diseases as well as number of trauma injuries and road accidents are prime factors contributing to the growth of the market for advanced treatment procedures, such as tissue engineering. For instance, according to the World Health Organization report in 2013, Asia Pacific region reported around 153,000 fatalities due to road accidents or around 400 deaths each day. It also stated that road traffic death rate in South-East Asia region was 17.0 per 100,000 population, compared to the global rate of 17.4, where there was considerable variation seen within the region ranging from 3.5 in the Maldives to 36.2 in Thailand in 2015. Tissue engineering provide alternative option to surgical reconstruction and transplantation in order to repair damaged tissues. The Asia Pacific tissue engineering market is primarily driven by a continued demand for successful regenerative therapies to treat rising cases of diabetes, obesity, and other chronic disorders caused by lifestyle changes; growing elderly population base; and increasing number of trauma injury cases.
Stryker Corporation, Organogenesis Inc., Cook Biotech Inc., Integra Life Sciences Corporation are among the major companies in Tissue engineering technology and material. In the Asia, due to an increasing number of COVID 19 infected patients, healthcare professionals and leading organizations are distracting the flow of healthcare resources from research & development to primary care, which is slowing down the process of innovation. Further, the COVID-19 pandemic spread is also hindering the conduct of clinical trials and drug development, and operations of diagnostic industry in the APAC region. For instance, Stryker Corporation, a well-known player in the tissue engineering industry, has diverted operations to manufacture COVID-19 diagnostics and PPE kits. Moreover, according to a recent survey by Medscape in July 2020, substantial disruption has been witnessed in routine research activities that includes tissue engineering and regenerative medicines as a result of the COVID-19 pandemic. The rapid increase in the number of the infected patients in the China and India is likely to result in the slowdown of the market growth in the near future.
China Tissue engineering Market, Revenue and Forecast to 2027 (US$ Mn)
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ASIA PACIFICTISSUE ENGINEERING MARKET SEGMENTATION
ASIA PACIFIC TISSUE ENGINEERING MARKET SEGMENTATION
By Material Type
- Biologically Derived Material
- Synthetic Material
- Others
By Application
- Orthopedic, Musculoskeletal and Spine
- Skin
- Cardiology and Vascular
- Neurology
- Others
By Country
- Japan
- China
- India
- South Korea
- Australia
Company Profiles
- 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.)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material Type, Applications, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Tissue engineering Market – By Material Type
1.3.2 Asia Pacific Tissue engineering Market – By Application
1.3.3 Asia Pacific Tissue engineering Market – By Country
2. Asia Pacific Tissue engineering Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Tissue Engineering Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Tissue engineering Market - Asia Pacific PEST Analysis
4.3 Expert Opinion
5. Asia Pacific Tissue Engineering Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Number of Road Accidents and Trauma Injuries, and Elevating Incidence of Chronic Diseases
5.1.2 Technological Advancements in the Field of 3D Tissue engineering
5.1.3 Government and Private sector funding
5.2 Key Market Restraints
5.2.1 High Cost associated with tissue engineering
5.3 Impact Analysis
6. Tissue engineering Market – Asia Pacific Analysis
6.1 Asia Pacific Tissue Engineering Market Revenue Forecasts and Analysis
7. Asia Pacific Tissue Engineering Market Analysis – By Material Type
7.1 Overview
7.2 Asia Pacific Tissue engineering Market, By Material Type 2019-2027 (%)
7.2.1 Asia Pacific Tissue engineering Market Material Type Segment Revenue and Forecasts to 2027, By Material Type (US$ Mn)
7.3 Biologically Derived Material
7.3.1 Overview
7.3.2 Asia Pacific Biologically Derived Material Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Synthetic Material
7.4.1 Overview
7.4.2 Asia Pacific Synthetic Material Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Other
7.5.1 Overview
7.5.2 Asia Pacific Other Material Type Market Revenue and Forecasts to 2027 (US$ Mn)
8. Asia Pacific Tissue engineering Market Analysis – By Application
8.1 Overview
8.2 Asia Pacific Tissue Engineering Market, By Application 2019-2027 (%)
8.2.1 Asia Pacific Tissue engineering Market Revenue and Forecasts to 2027, By Application (US$ Mn)
8.3 Orthopedic, Musculoskeletal and Spine
8.3.1 Overview
8.3.2 Asia Pacific Orthopedic, Musculoskeletal and Spine Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Skin
8.4.1 Overview
8.4.2 Asia Pacific Skin Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Cardiology and Vascular
8.5.1 Overview
8.5.2 Asia Pacific Cardiology and Vascular Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Neurology
8.6.1 Overview
8.6.2 Asia Pacific Neurology Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Asia Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Tissue engineering Market Revenue and Forecasts To 2027 – Regional Analysis
9.1 Asia Pacific Tissue engineering Market Revenue and Forecasts To 2027
9.1.1 Overview
9.1.2 Asia Pacific: Tissue Engineering Market - Revenue and Forecast to 2027 (USD Million)
9.1.3 Asia Pacific Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
9.1.4 Asia Pacific Tissue Engineering Market, by Application – Revenue and Forecast to 2027 (USD Million)
9.1.5 Asia Pacific: Tissue Engineering Market, by Country, 2019 & 2027 (%)
9.1.6 China: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.1 China: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.2 China Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
9.1.6.3 China Tissue Engineering Market, by Application – Revenue and Forecast to 2027 (USD Million)
9.1.7 Japan: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.1 Japan: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.2 Japan Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
9.1.7.3 Japan Tissue Engineering Market, by Application – Revenue and Forecast to 2027 (USD Million)
9.1.8 India: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.1 India: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.2 India Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
9.1.8.3 India Tissue Engineering Market, by Application – Revenue and Forecast to 2027 (USD Million)
9.1.9 South Korea: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.9.1 South Korea: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.9.2 South Korea Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
9.1.9.3 South Korea Tissue Engineering Market, by Application – Revenue and Forecast to 2027 (USD Million)
9.1.10 Australia: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.10.1 Australia: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.10.2 Australia Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
9.1.10.3 Australia Tissue Engineering Market, by Application – Revenue and Forecast to 2027 (USD Million)
10. Impact of COVID-19 Pandemic on Asia Pacific Tissue Engineering Market
10.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Stryker Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Organogenesis Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Cook Biotech Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Integra Life Sciences Corporation
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Acelity L.P.Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Allergan Plc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Medtronic
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Zimmer Biomet
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Baxter International Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 DePuy Synthes (Johnson & Johnson Services, Inc.)
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Tissue engineering Market Revenue and Forecasts To 2027, By Material Type (US$ Mn)
Table 2. Asia Pacific Tissue engineering Market Revenue and Forecasts To 2027, By Application (US$ Mn)
Table 3. Asia Pacific Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
Table 4. Asia Pacific Tissue Engineering Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 5. China Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
Table 6. China Tissue Engineering Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 7. Japan Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
Table 8. Japan Tissue Engineering Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. India Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
Table 10. India Tissue Engineering Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 11. South Korea Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
Table 12. South Korea Tissue Engineering Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 13. Australia Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
Table 14. Australia Tissue Engineering Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 15. Glossary of Terms, Tissue engineering Market
LIST OF FIGURES
Figure 1. Tissue engineering Market Segmentation
Figure 2. Asia Pacific Tissue Engineering Market Overview
Figure 3. Biologically Derived Material Segment Held Largest Share of Asia Pacific Tissue engineering Market
Figure 4. China is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Asia Pacific Tissue engineering Market - Leading Country Markets
Figure 6. Asia Pacific Tissue Engineering Market- Leading Country Markets (US$ Million)
Figure 7. Tissue engineering Market - Asia Pacific PEST Analysis
Figure 8. Tissue engineering Market Impact Analysis of Driver and Restraints
Figure 9. Asia Pacific Tissue engineering market – Revenue Forecasts and Analysis – 2019- 2027
Figure 10. Asia Pacific Tissue engineering Market, by Material Type 2019 & 2027 (%)
Figure 11. Asia Pacific Biologically Derived Material Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. Asia Pacific Synthetic Material Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. Asia Pacific Other Material Types Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Asia Pacific Tissue Engineering Market, by Application 2019 & 2027 (%)
Figure 15. Asia Pacific Orthopedic, Musculoskeletal and Spine Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Asia Pacific Skin Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Asia Pacific Cardiology and Vascular Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Asia Pacific Neurology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Asia Pacific Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Asia Pacific: Tissue Engineering Market, by Key Country – Revenue (2019) (USD Million)
Figure 21. Asia Pacific Tissue Engineering Market Revenue and Forecast to 2027 (USD Million)
Figure 22. Asia Pacific: Tissue Engineering Market, by Country, 2019 & 2027 (%)
Figure 23. China: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
Figure 24. Japan: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
Figure 25. India: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
Figure 26. South Korea: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
Figure 27. Australia: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
Figure 28. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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