North America Tissue Engineering Market Developments and Forecast by 2027
North America 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 : TIPRE00013283
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 131
The North America Tissue engineering market is expected to reach US$ 12,230.37 million by 2027 from US$ 4,456.95 million in 2019; it is estimated to grow at a CAGR of 13.8% 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 North America.
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. Road accidents are among the major fatalities in North America region as they cause serious injuries to bones and organs. According to Annual United States Road accidents Statistics, more than 38,000 people die each year in accidents on U.S. roadways. The U.S. traffic fatality rate is 12.4 deaths per 100,000 inhabitants and 4.4 million are serious injured cases are reported which require medical attention. Tissue engineering provide alternative option to surgical reconstruction and transplantation in order to repair damaged tissues.
Stryker Corporation, Organogenesis Inc., Cook Biotech Inc., Integra Life Sciences Corporation are among the major companies in Tissue engineering technology and material. In the U.S., 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 US. 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 US and Canada is likely to result in the slowdown of the market growth in the near future.
Mexico Tissue engineering Market, Revenue and Forecast to 2027 (US$ Mn)
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NORTH AMERICATISSUE ENGINEERING MARKET SEGMENTATION
NORTH AMERICA 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
- US
- Canada
- Mexico
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
US, Canada
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Tissue Engineering Market – By Material Type
1.3.2 North America Tissue Engineering Market – By Application
1.3.3 North America Tissue Engineering Market – By Country
2. North America Tissue Engineering Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Tissue Engineering Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Tissue Engineering Market - North America PEST Analysis
4.3 Expert Opinion
5. North America Tissue Engineering Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing incidences of chronic diseases, road accidents and traumatic injuries.
5.1.2 Technological Advancements in the Field of 3D Tissue Engineering
5.1.3 Increasing government and Private sectors funding
5.2 Key Market Restraints
5.2.1 High Cost of Treatment Options Involving Tissue Engineering
5.3 Impact Analysis
6. Tissue Engineering Market – North America Analysis
6.1 North America Tissue Engineering Market Revenue Forecasts and Analysis
7. North America Tissue Engineering Market Analysis – By Material Type
7.1 Overview
7.2 North America Tissue Engineering Market, By Material Type 2019-2027 (%)
7.2.1 North America Tissue Engineering Market Devices Revenue and Forecasts to 2027, By Material Type (US$ Mn)
7.3 Biologically Derived Material
7.3.1 Overview
7.3.2 North America Biologically Derived Material Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Synthetic material
7.4.1 Overview
7.4.2 North America Synthetic material Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 North America And others Market Revenue and Forecasts to 2027 (US$ Mn)
8. North America Tissue Engineering Market Analysis – By Application
8.1 Overview
8.2 North America Tissue Engineering Market, By Application 2019-2027 (%)
8.2.1 North America Tissue Engineering Market Revenue and Forecasts to 2027, By Application (US$ Mn)
8.3 Orthopedic, Musculoskeletal & Spine
8.3.1 Overview
8.3.2 North America Orthopedic, Musculoskeletal & Spine: Tissue Engineering Market Segment Revenue and Forecasts to 2027 (US$ Mn)
8.4 Neurology
8.4.1 Overview
8.4.2 North America Neurology: Tissue Engineering Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Cardiology & Vascular
8.5.1 Overview
8.5.2 North America Cardiology & Vascular: Tissue Engineering Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Skin
8.6.1 Overview
8.6.2 North America Skin : Tissue Engineering Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Other
8.7.1 Overview
8.7.2 North America Other : Tissue Engineering Application Market Revenue and Forecasts to 2027 (US$ Mn)
9. Tissue Engineering Market Revenue and Forecasts To 2027 – Regional Analysis
9.1 North America Tissue Engineering Market Revenue and Forecasts To 2027
9.1.1 Overview
9.1.2 North America: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.3 North America: Tissue Engineering Market, by Material Type, 2018–2027 (USD Million)
9.1.4 North America: Tissue Engineering Market, by Application , 2018–2027 (USD Million)
9.1.5 North America: Tissue Engineering Market, by Country, 2019 & 2027 (%)
9.1.6 US: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.1 US: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.2 US: Tissue Engineering Market, by Material Type, 2018–2027 (USD Million)
9.1.6.3 US: Tissue Engineering Market, by Application , 2018–2027 (USD Million)
9.1.7 Canada: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.1 Canada: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.7.2 Canada: Tissue Engineering Market, by Material Type, 2018–2027 (USD Million)
9.1.7.3 Canada: Tissue Engineering Market, by Application , 2018–2027 (USD Million)
9.1.8 Mexico: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.1 Mexico: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
9.1.8.2 Mexico: Tissue Engineering Market, by Material Type, 2018–2027 (USD Million)
9.1.8.3 Mexico: Tissue Engineering Market, by Application , 2018–2027 (USD Million)
10. Impact of COVID-19 Pandemic on North America Tissue Engineering Market
10.1 North America: 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. North America Tissue Engineering Market Revenue and Forecasts To 2027, By Material Type (US$ Mn)
Table 2. North America Tissue Engineering Market Revenue and Forecasts To 2027, By Application (US$ Mn)
Table 3. North America Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
Table 4. North America Tissue Engineering Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 5. US Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
Table 6. US Tissue Engineering Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 7. Canada Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
Table 8. Canada Tissue Engineering Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 9. Mexico Tissue Engineering Market, by Material Type – Revenue and Forecast to 2027 (USD Million)
Table 10. Mexico Tissue Engineering Market, by Application– Revenue and Forecast to 2027 (USD Million)
Table 11. Glossary of Terms, Tissue Engineering Market
LIST OF FIGURES
Figure 1. Tissue Engineering Market Segmentation
Figure 2. North America Tissue Engineering Market Segmentation – By Region
Figure 3. North America Tissue Engineering Market Overview
Figure 4. Biologically Derived Material Segment Held Largest Share of Asia Pacific Tissue Engineering Market
Figure 5. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. North America Tissue Engineering Market- Leading Country Markets (US$ Million)
Figure 7. Tissue Engineering Market - North America PEST Analysis
Figure 8. Tissue Engineering Market Impact Analysis of Driver and Restraints
Figure 9. North America Tissue Engineering market – Revenue Forecasts and Analysis – 2019- 2027
Figure 10. North America Tissue Engineering Market, by Material Type 2019 & 2027 (%)
Figure 11. North America Biologically Derived Material Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. North America Synthetic Material Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Other Material Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America Tissue Engineering Market, by Application 2019 & 2027 (%)
Figure 15. North America Orthopedic, Musculoskeletal & Spine Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America Neurology Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America Cardiology & Vascular Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. North America Skin : Tissue Engineering Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. North America Other Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America: Tissue Engineering Market, by Key Country – Revenue (2019) (USD Million)
Figure 21. North America Tissue Engineering Market Revenue and Forecast to 2027 (USD Million)
Figure 22. North America: Tissue Engineering Market, by Country, 2019 & 2027 (%)
Figure 23. US: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
Figure 24. Canada: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
Figure 25. Mexico: Tissue Engineering Market – Revenue and Forecast to 2027 (USD Million)
Figure 26. Impact of COVID-19 Pandemic in North American 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.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- 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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