SELBYVILLE, Del. - November 20, 2019 - (Newswire.com)
As per the recent study available with Market Study Report LLC under the title ‘Scaffold Technology Market, [By Product Type (Polymeric Scaffolds, Hydrogels, Micro patterned Surface Microplates, Freeze Embryo Testing, Nanofiber-based Scaffolds); By Application (Drug Development, Stem Cell Research, Cancer, Tissue engineering and clinical application, Others); By End Use (Research Laboratories & Institutes, Biotechnology and pharmaceutical Organizations, Hospital & Diagnostics Centre, Others); and By Regions]: Market Size & Forecast, 2018 – 2025’, the global scaffold technology market is anticipated to amass US $1508.2 million by the year 2025.
As the number of patients suffering from cancer is increasing, the variety of minimally invasive surgeries available is also growing and so is its popularity, which is propelling the growth of the scaffold technology market. A surging geriatric population across the globe who are prone to organ dysfunction is leading to an increase in organ transplant treatments, and extensive preference for regenerative technology will further augment market growth. Moreover, numerous R&D initiatives for 3D cell technology and its applications will also contribute toward the expansion of the scaffold technology market.
The report studies the market on the basis of product type, end-use, and application, while analyzing the regional outlook. Based on product type, scaffold technology market is classified as hydrogels, nanofiber-based scaffolds, polymeric scaffolds, freeze embryo testing, and micro-patterned surface microplates.
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Speaking of application spectrum, the industry is segmented into stem cell research, tissue engineering & clinical application, drug development, cancer, and others. The scaffold technology market from the cancer application segment held the largest revenue share in the past years and is presumed to follow the same trend. In terms of end-use scope, the market is split into biotechnology & pharmaceutical organizations, research laboratories & institutes, hospital & diagnostic center, and others.
Considering the regional landscape, North America dominated the global scaffold technology market in 2018, owing to an ever-growing number of cancer patients and a rising number of deaths related to various types of cancer across the region, cites the report.
The main contenders of the scaffold technology market are Thermo Fisher Scientific Inc., Merck & Co., Pelo Biotech GmbH, 3D Biotek LLC, Dickinson & Co., Becton, Corning Inc., Nanofiber Solutions, and Molecular Matrix Inc., among others.
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Question & Answer: Scaffold Technology Market
Question 1: Why is the scaffold technology market witnessing constant growth?
Answer: As the number of patients suffering from cancer is increasing, the variety of minimally invasive surgeries available is also growing and so is its popularity, which is propelling the growth of the scaffold technology market. A surging geriatric population across the globe who are prone to organ dysfunction is leading to an increase in organ transplant treatment, and extensive preference for regenerative technology will further augment the market growth. Moreover, numerous R&D initiatives for 3D cell technology and its applications will also contribute toward the expansion of the scaffold technology market.
Question 2: What will be the global valuation of the scaffold technology market?
Answer: The global scaffold technology market is anticipated to amass US $1508.2 million by the year 2025.
Question 3: Which region displayed dominance in the scaffold technology market?
Answer: North America dominated the global scaffold technology market in 2018, owing to an ever-growing number of cancer patients and a rising number of deaths related to various types of cancer across the region.
Question 4: How is the competitive landscape of the scaffold technology market defined?
Answer: The main contenders of the scaffold technology market are Thermo Fisher Scientific Inc., Merck & Co., Pelo Biotech GmbH, 3D Biotek LLC, Dickinson & Co., Becton, Corning Inc., Nanofiber Solutions, and Molecular Matrix Inc., among others.
Related Report:
Global Organ Transplantation Market Size 2019 to 2024
According to Azoth Analytics research report, the Global Organ Transplantation market is projected to display a robust growth represented by a CAGR of 6.50% during 2019 to 2024.
Immunosuppressant drugs hold Hanging dynamics of patient profiling during organ transplantation has been impelling the market growth of transplant diagnostics. Further, hanging dynamics of patient profiling during organ transplantation have been impelling the market growth of transplant diagnostics. Transplant diagnostics products are expected to witness significant growth on the back of an increasing number of organ donors.
Among the application areas, kidney transplant is the most commonly conducted transplant surgery worldwide. It has gained widespread popularity by improving the outcome of end-stage renal disease patients. With advances in kidney transplant methods and improvement in transplant success, kidney transplant is now widely considered to be the best way of treating chronic kidney disease for many people.
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Original Source: Global Scaffold Technology Market to Exceed US $1508 Million by 2025
