The global tissue engineering market size is projected to grow from USD 4.3 billion in 2024 to USD 12.7 billion by 2035, exhibiting a CAGR of 10.27% during the forecast period.

The growing interest of stakeholders in this market is evident from the rise in partnership activity; a major proportion of the deals were signed by companies based in the US.

Mergers / acquisitions have emerged as the most popular type of model partnership adopted by players engaged in this domain. Additionally, collectively major share was captured by distribution agreements, and product development and commercialization agreements. This trend reflects that companies are continuously striving to expand their existing service offerings as well as launching their proprietary products.

It is worth mentioning that the amount presented here is the sum of only those instances for which information was available in the public domain. It is likely that there have been additional funding instances in this market, which have not been reported publicly.

Stakeholders have also received financial support in the form of grants to aid the research on tissue engineering-based regenerative products.

There has been a steep increase in the number of grants awarded, per year. This rise can be attributed to the continuous and commercially viable research being conducted in this domain, which is likely to encourage different non-profit organizations, such as the NIH, to fund diverse initiatives undertaken by various stakeholders. It is worth mentioning that, in 2022, many grants were awarded by NIH.

It is worth mentioning that, in 2022, Cleveland Clinic Lerner College of Medicine was awarded the highest grant amount of USD 2.2 million for the project intended for the development of a regulatory factor of cells adhesion in scaffolds. In addition, in 2021 the tissue engineering-based regeneration product developers received million via grants. Considering the rising interest in this domain, it is expected that funding from non-profit organizations will increase in the foreseen future as well. 

Around 300 patents have been filed / granted for tissue engineering-based regeneration products; both industry and non-industry players are actively involved in such efforts.

The number of patents filed / granted for tissue engineering-based regeneration products has increased at a steady pace over the years. The growth in intellectual property in this field can be attributed to the continuous research and development efforts being carried out. Specifically, since 2020, many patents have been published across the globe.

In recent years, maximum number of patents have been filed with the United States Patent and Trademark Office (USPTO), followed by those filed with the World Intellectual Property Organization (WIPO) and China. Majority of the patents have 9 years left before their expiration, as of 2022. Further, some of the total patents have 9-14 years of their expiration period left. This indicates that the majority of the patents in this field are recent, and therefore, have significant time left before their expiration

Research Methodology

Our analysts have performed an accurate examination of the various aspects of the global market leveraging avant-garde primary and secondary sources of data collection. The report has gathered the necessary data and information from several reliable sources. Additionally, the report offers many strategic recommendations for companies involved in this ever-growing business sector to help them achieve a competitive edge in the Tissue Engineering Market.

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