Regenerative Medicine Market by Product - Global Forecast to 2025
The global regenerative medicine market is predicted to grow at a 15.9% CAGR from USD 8.5 billion in 2020 to USD 17.9 billion in 2025. The increased prevalence of chronic diseases, genetic disorders, and cancer, as well as rising investments in regenerative medicine research and a developing pipeline of regenerative medicine products, are driving market expansion. COVID-19 is a newly identified novel coronavirus that causes an infectious sickness. On March 11, 2020, the World Health Organization (WHO) proclaimed COVID-19 a pandemic. This pandemic has hampered economic growth in a variety of sectors. During the first half of the projection period, the COVID-19 outbreak will have an influence on the regenerative medicine industry. The regenerative medicine market is likely to experience some loss over the projection period as a result of statewide lockdowns, denied wound care services, cancelled or postponed elective surgeries, and rising skin injuries among COVID-19 medical care provi