Regenerative medicine is one of the newest areas that you should be aware of. It’s rapidly expanding and, if it hasn’t already, will most likely have an effect on your company in the near future. Have a look at QC Kinetix (Kansas City) for more info on this.
Instead of treating diseases, these companies are working on being able to replace, re-engineer, or rebuild human cells, tissues, or organs to restore or develop normal function by attacking the root cause of disease, which could be a game changer if it lives up to its potential. That means there will be no longer be any long-term pharmaceutical regimes or therapies to prevent diseases, which is a significant industry change.
Regenerative medicine sits at the crossroads of a number of other fields of medicine. The new industry involves biology, chemistry, engineering, and physical sciences, so it’s a wide and varied playing area for researchers, and it’s growing all the time.
A recent study by MarketResearchReports, titled “Global Regenerative Medicine Market (Technology, Applications, Geography) – Industry Analysis, Trends, Opportunities and Forecast, 2013-2020,” provided the most recent predictor of future development. According to the study, the global regenerative medicine market would be worth $67.6 billion by 2020, up from the group’s previous estimate of $16.4 billion in 2013. The regenerative medicine market is expected to expand at a compound annual growth rate of 23.2 percent between 2014 and 2020, according to the study.
According to the Alliance for Regenerative Medicine, there are currently more than “700 regenerative medicine companies ranging from divisions of global corporations to smaller organisations focusing solely on the field.”
According to the Alliance, the following is a rundown of the industry’s subsections:
Therapies that use cells
Living cells, a cornerstone of the field, are used in regenerative medicine to achieve a number of benefits, such as replacing damaged or diseased cells and/or tissue, inducing an endogenous response that facilitates the body’s own healing, such as an immune response or regeneration of diseased tissue, and delivering genetic or molecular therapies to specific targets.
Gene Therapy is a form of genetic therapy that involves
Through the injection of correctly functioning genes into a patient’s cells, gene therapy fixes faulty or mutated genes that need either correction or enhanced control.
Small Molecules and Biologics
The use of chemicals and cellular components that are known to cause dormant, or edogenous cells to restore regenerative properties is known as biologics and small molecules.