Global Regenerative Medicine Market 2020-2025: Opportunities with the Implementation of the 21st Century Cures Act
Dublin, Nov. 24, 2020 (GLOBE NEWSWIRE) — The “Regenerative Medicine Market by Product (Cell Therapies (Autologous, Allogenic), Stemcell Therapy, Tissue-engineering, Gene Therapy), Application (Wound Care, Musculoskeletal, Oncology, Dental, Ocular), Geography – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering. The Global Regenerative Medicine Market is Projected to Reach USD 17.9 Billion by 2025 from USD 8.5 Billion in 2020, at a CAGR of 15.9% during the Forecast Period. Market growth is driven by the rising prevalence of chronic diseases, genetic disorders, and cancer; rising investments in regenerative medicine research; and the growing pipeline of regenerative medicine products. However, the high cost of cell and gene therapies and ethical concerns related to the use of embryonic stem cells in research and development are expected to restrain the growth of this market during the forecast period.The cell therapies segment accounted for the highest growth rate in the regenerative medicine market, by product, during the forecast periodBased on products, the regenerative medicine market is segmented into tissue-engineered products, cell therapies, gene therapies, and progenitor and stem cell therapies. The cell therapies segment accounted for the highest growth rate in the regenerative medicine market in 2019. The increasing adoption of tissue-engineered products for the treatment of chronic wounds and musculoskeletal disorders and the rising funding for the R&D of regenerative medicine products and therapies are the major factors driving the growth of this segment.Oncology segment accounted for highest CAGRBased on applications, the regenerative medicine market is segmented into musculoskeletal disorders, wound care, oncology, ocular disorders, dental, and other applications. In 2019, the oncology segment accounted for the highest growth rate. This can be attributed to the rising prevalence of orthopedic diseases, growing geriatric population, increasing number of stem cell research projects, growing number of clinical researches/trials, and the rich pipeline of stem cell products for the treatment of musculoskeletal disorders. Europe: The fastest-growing region regenerative medicine marketThe global regenerative medicine market is segmented into North America, Europe, the Asia Pacific, and Rest of the World. The North America region is projected to grow at the highest CAGR during the forecast period in 2019. The growth in the North American regenerative medicine market can be attributed to rising stem cell banking, tissue engineering, and drug discovery in the region; expansion of the healthcare sector; and the high adoption of stem cell therapy and cell immunotherapies for the treatment of cancer and chronic diseases. Market Dynamics Drivers * Rising Prevalence of Chronic Diseases, Genetic Disorders, and Cancer * Rising Investments in Regenerative Medicine Research * Growing Pipeline of Regenerative Medicine ProductsRestraints * Ethical Concerns Related to the Use of Embryonic Stem Cells in Research & Development * High Cost of Cell and Gene TherapiesOpportunities * Implementation of the 21st Century Cures Act * Rising Demand for Organ TransplantationsImpact of the COVID-19 Pandemic on the Regenerative Medicine MarketCompanies Mentioned * 3M Group * Allergan * Amgen, Inc. * Anterogen Co., Ltd. * APAC Biotech * Aspect Biosystems * Bluebird Bio * Corestem, Inc. * Integra Lifesciences Holdings Corporation * Kite Pharma * Medipost Co., Ltd. * Medtronic plc * Mimedx Group * Misonix * Novartis Ag * Organogenesis Inc. * Orthocell Ltd. * Shenzhen Sibiono Genetech Co., Ltd. * Smith & Nephew plc * Spark Therapeutics * Stryker Corporation * Takeda Pharmaceutical Company Limited * Tego Science, Inc. * Vericel Corporation * Zimmer BiometFor more information about this report visit https://www.researchandmarkets.com/r/6v7acfResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
WestJet halts Boeing 737 Max jet before takeoff after warning light in cockpit – CBC.ca
WestJet temporarily grounded a Boeing 737 Max jet that was supposed to fly from Calgary to Toronto on Friday after a warning light came on in the cockpit prior to takeoff.
Flight 658 was boarded and preparing to take off when a warning light came on.
“After a normal engine start, a standard function of the health monitoring system indicated a potential fault that needed to be verified and reset,” WestJet spokesperson Lauren Stewart told CBC News.
“This process takes time and requires a subsequent engine run, which we do not perform with guests on board [so] in the interest of our guests’ time, we cancelled Flight 658 and its return 665 (Toronto/Calgary), and we rebooked them on the next available flight to ensure a timely arrival in Toronto.”
The airline says passengers were boarded onto a 787 jet and flew as planned within the hour.
Jet in question cleared to fly again
The jet in question has already been cleared and is on track for its next flight on Sunday.
The Calgary-based airline’s fleet of 13 Max jets were grounded for almost two years after more than 300 people died in two high profile crashes of the jets, operated by Ethiopian Airlines and Indonesia’s Lion Air in 2018 and 2019.
WestJet grounded its fleet of Max jets like most airlines around the world did until earlier this month, when flight authorities cleared the jets for takeoff again.
The flight would have been the jet in question’s first flight since being approved for use again, and only the third Max flight at WestJet overall since reintroduction this week.
COVID-19: Nine New Cases In Southern Health, Zero In Steinbach – Steinbachonline.com – SteinbachOnline.com
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- COVID-19: Nine New Cases In Southern Health, Zero In Steinbach – Steinbachonline.com SteinbachOnline.com
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173 new COVID-19 cases, 2 deaths in Manitoba on Friday – CBC.ca
There are 173 new COVID-19 cases in Manitoba on Friday and two more people have died from the illness, the province says in a news release.
More than one-third of the new cases — 64 — are in the Northern Health Region, which has been hit hard by outbreaks in recent weeks.
Manitoba’s five-day test positivity rate is up slightly to 9.3 per cent, the release says, while Winnipeg’s is down to 6.2 per cent.
The deaths are two people in their 80s, the release says; a woman linked to Niverville’s Heritage Life Personal Care Home and a man connected to Winnipeg’s Southeast Personal Care Home.
There are also 56 new cases in the Winnipeg health region, the release says, while the remaining new infections are split between the Interlake-Eastern health region (33), the Prairie Mountain Health region (11) and the Southern Health region (nine).
Those deaths bring Manitoba’s total to 795.
People working in all Manitoba schools will have access to a rapid testing site in Winnipeg starting Monday. The site at 1066 Nairn Ave. opened on Jan. 18 to staff working in five divisions, but is now open to all school staff, the release says.
That includes anyone who works directly with students, including teachers, educational support staff, bus drivers, custodians and child-care staff in school-based facilities, the province said when the first site opened.
People going to that site need to either have symptoms of COVID-19, be identified as a close contact of a school exposure or live with someone who has symptoms, the release says. Appointments need to be made ahead of time by phoning the province’s general appointment line, which is listed on the province’s website.
Hospitalizations of COVID-19 patients in Manitoba are now up slightly to 274, from 268 on Thursday. Thirty-nine of those people are in intensive care, the release says, five more than on Thursday.
An outbreak has been declared at the Pembina Manitou Health Centre and Personal Care Home, the release says.
Previously announced outbreaks are now over at Morden’s Tabor Home, Selkirk’s Tudor House Personal Care Home and Winnipeg’s Deer Lodge Centre Lodge 4 East, West Park Manor Personal Care Home, St. Amant Health and Transition Services and the Carpathia Children’s Centre.
The latest update comes hours before Manitoba’s latest set of pandemic rules come into effect one minute after the stroke of midnight on Saturday. The latest public health orders will allow most Manitobans to have two designated people over as visitors and permit stores to sell non-essential items again.
Those rules will apply everywhere but northern Manitoba, which will remain under the current heavy restrictions because of a spike in cases in recent days and significant COVID-19 outbreaks in several communities.
The military was deployed to Garden Hill First Nation earlier this week to help the community get a handle on skyrocketing cases.
Since Jan. 11, there have been 818 confirmed COVID-19 cases in the Northern Health Region. The massive region is Manitoba’s most sparsely populated, with a 2019 population just shy of 77,000.
As of Friday, that part of the province has a COVID-19 infection rate of 4,225.50 cases per 100,000 people, Manitoba’s online dashboard says — about four cases for every 100 people.
That’s by far Manitoba’s highest infection rate, and more than double the province’s second-highest of 2,087.63 in Winnipeg — or about two in every 100 people.
Places like restaurants and gyms still must stay closed to in-person services.
The rules that take effect Saturday will stay in place for three weeks before being evaluated again.
The changes come more than two months after Manitoba brought in its tightest pandemic restrictions yet, banning most household visitors and barring stores from selling non-essential goods.
Two cases were removed from Manitoba’s total on Friday because of a data correction, bringing the total number of confirmed cases in the province to 28,260, the province’s news release says.
To date, 24,204 people in Manitoba have recovered from COVID-19, while 3,261 cases are still considered active, though health officials have said that number is inflated by a data entry backlog.
There were 2,070 COVID-19 tests done in Manitoba on Thursday, bringing Manitoba’s total number of swabs completed to 461,250 since February.
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