Scaffold Technology Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1940
Scaffold Technology Market size is projected to experience significant growth from 2017 to 2024.
The increasing R&D investment, growing need for organ transplantation, advancement in tissue engineering and its use in the regeneration, replacement and refurbishment of unhealthy and damaged organs or tissues should drive the global scaffold technology market revenue over the forecast period. Technological advancement for reconstructive medical procedures enables improved incorporation of the transplant at the desired place, which is anticipated to positively influence the industry growth.
Furthermore, ongoing research to design new matrix-based 3D models that permit satisfactory collaboration between its host microenvironment and implants for optimum drug release and working of the implanted cells is expected to enhance revenue generation in scaffold technology market. Variation in results obtained with development of scaffold-free technique for multi-dimensional cell culturing and matrix-based 3D cellular models are restraining the business growth.
Scaffold technology is effective in overcoming the scarcity of implementation of pharmacodynamic and toxicology study through 2D cell culture systems to study the response of host tissue to a specific medicine which accelerates the demand, eventually augmenting the business growth. The acceptance of 3D cellular models is rising among the clinical researchers owing to their use in the explanation of pathways underlying disorders and etiology studies.
Hydrogels are used to comfort of filling cells and medicines for drug delivery. Furthermore, mixing of hydrogels and biocompatibility with the host material contributed for its achievement in meticulous drug delivery for tissue engineering. Increased acceptance of hydrogels due to its inflamed polymeric network structure, allowing encapsulation of cellular forms, release of bioactive particles and effective mass transfer will drive the segment growth. The scaffolds used in stem cell treatment with increased applications in regenerative treatment of disorders is likely to observe lucrative growth during the forecast timeframe. The combined usage of stem cells and bio scaffolds represents promising approach for tissue engineering and cellular delivery should increase demand.
Biotechnology and pharmaceutical organizations accounted for the largest revenue share of the scaffold technology market end-user segment due to rise in the acceptance rate in drug discovery method for pharmacokinetic and pharmacodynamic reporting. Hospitals and diagnostic centers are expected to increase the number of surgical procedures annually due to the growing number of accident cases, which contribute for most of the implantation surgery.
U.S. scaffold technology market contributed for the major revenue share in 2016 owing to the factors such as increasing healthcare expenditure, well-developed healthcare system and increasing investment in R&D. In the U.S. and Canada, Layher is the authorized North American trader of scaffolding products. Asia Pacific is expected to grow at a significant rate due to the upcoming advancement in the developing economies coupled with increasing awareness among healthcare professionals about the technology. The developments include use of innovative platforms equipped with microfabrication tools for surgical procedure that integrate the use of biomaterials.
Some of the companies operating in this industry include Merck, Thermo Fisher Scientific, Tecan Trading, 3D Biotek, Xanofi, Molecular Matrix, Pelo Biotech, ReproCELL, Matricel, Becton and Dickinson, Corning, Avacta Life Sciences, Akron Biotech, Molecular Partners, 4titude, 3D Biomatrix, NuVasive, Medtronic, Vericel, Acelity and Nanofiber Solutions. The companies are preserving their position in the industry through the extension of their distribution network, product portfolio expansion and partnerships with other firms.
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