Asia Pacific Regenerative Medicine Market Size & Outlook
Asia Pacific regenerative medicine market, 2018-2030 (US$M)
Related Markets
Asia Pacific regenerative medicine market highlights
- The Asia Pacific regenerative medicine market generated a revenue of USD 3,545.7 million in 2023.
- The market is expected to grow at a CAGR of 14.8% from 2024 to 2030.
- In terms of segment, therapeutics was the largest revenue generating product in 2023.
- Banks is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,545.7 million |
| Market revenue in 2030 | USD 9,332.7 million |
| Growth rate | 14.8% (CAGR from 2023 to 2030) |
| Largest segment | Therapeutics |
| Fastest growing segment | Banks |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Therapeutics, Tools, Banks, Services |
| Key market players worldwide | AstraZeneca PLC, Roche Holding AG, Integra Lifesciences Holdings Corp, Astellas Pharma Inc, Cook Group, Bayer AG, Pfizer Inc, Merck KGaA, Abbott Laboratories, Vericel Corp, Novartis AG ADR, GlaxoSmithKline |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 11.6% of the global regenerative medicine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 27,062.2 million by 2030.
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Regenerative Medicine Market Scope
Regenerative Medicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific regenerative medicine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to regenerative medicine market will help companies and investors design strategic landscapes.
Therapeutics was the largest segment with a revenue share of 76.77% in 2023. Horizon Databook has segmented the Asia Pacific regenerative medicine market based on therapeutics, tools, banks, services covering the revenue growth of each sub-segment from 2018 to 2030.
The regenerative medicine market in the Asia Pacific is expected to witness significant growth over the forecast period due to increasing investments in regenerative medicine areas and increasing focus of players on regional penetration for cell therapy, gene therapy, and tissue-based therapies. For instance, Takara Bio a Japan-based company is a major player in gene therapy. In May 2020, the company expanded its Center for Gene and Cell Processing by constructing a new facility in Shiga, Japan.
This facility is dedicated to the manufacturing of gene therapy products. The presence of such companies with strong product portfolios is anticipated to fuel regional regenerative medicine market growth. Moreover, the governments of some countries in this region are undertaking favorable policies for regenerative medicine.
For instance, in 2019, the South Korean government passed the Act on the Safety and Support of Advanced Regenerative Medical and Advanced Biopharmaceuticals, which allows conditional approval for the commercial sale of phase II completed drugs. Such favorable government initiatives are expected to accelerate the growth of the regenerative medicine market.
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Target buyers of Asia Pacific regenerative medicine market databook
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Our clientele includes a mix of regenerative medicine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific regenerative medicine market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific regenerative medicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific regenerative medicine market size, by country, 2018-2030 (US$M)
Asia Pacific Regenerative Medicine Market Outlook Share, 2023 & 2030 (US$M)
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