Navigation Links
GEN reports on growth of tissue engineering revenues
Date:7/10/2012

New Rochelle, NY, July 9, 2012More than half (52%) of the companies comprising the tissue engineering (TE) and stem cell industries are revenue-generating, compared to about 21% four years ago, reports Genetic Engineering & Biotechnology News (GEN). Of those companies, 31% have commercial products and 21% are service-based; another 30% have products in clinical trials, according to the current issue of GEN.

The GEN article is based on interviews with leading tissue engineering researchers and on the findings of a landmark paper ("Progress in the Tissue Engineering and Stem Cell Industry, Are we there yet"), which appears in Tissue Engineering: Part B, Volume 18, Number 3, 2012, published by Mary Ann Liebert, Inc.

"Like many other biotechnologies, tissue engineering has experienced an up and down history," said John Sterling, Editor in Chief of GEN. "But with numerous technical advances moving the field forward combined now with rising revenues, this segment of bioresearch is really taking off."

The industry itself is beginning to attain profitability, with sales revenues reaching $3.5 billion and industry spending approaching $3.6 billion. The 2012 analysis by a group led by Robert Langer, Sc.D., one of the authors of the paper in the Liebert journal, reported a nearly threefold increase in commercial sales for TE and stem cell products and services compared to the previous four-year period. Furthermore, the number of companies selling products or offering services increased more than twofold to 106.

The GEN article also notes that Tissue Engineering has formed an industry council for the purpose of helping to guide the evolution of the industry and to create strategic initiatives aimed at overcoming some of the R&D, manufacturing, and regulatory challenges facing the industry.

Among the companies interviewed for the GEN article are Organogenesis, Cytograft Tissue Engineering, Scintellix, and Humacyte.


'/>"/>

Contact: John Sterling
jsterling@genengnews.com
914-740-2196
Mary Ann Liebert, Inc./Genetic Engineering News
Source:Eurekalert  

Related biology news :

1. BGI reports the completed sequence of foxtail millet genome
2. Radiologists study necessity of additional imaging recommendations in PET/CT oncologic reports
3. Aware, Inc. Reports First Quarter 2012 Financial Results
4. New research finds increased growth responsible for color changes in coral reefs
5. Climate change suspended reef growth for 2 millennia
6. Scripps Florida scientists identify critical quality control for cell growth
7. NSF report detailing growth in graduate enrollment in science & engineering in the past decade
8. Variations of a single gene can lead to too much or too little growth, study shows
9. Same gene that stunts infants growth also makes them grow too big
10. Center for North Sea oil expertise set to boost jobs and growth
11. Growth factor in stem cells may spur recovery from MS
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
GEN reports on growth of tissue engineering revenues
(Date:4/5/2017)... NEW YORK , April 5, 2017 ... security, is announcing that the server component of the ... is known for providing the end-to-end security architecture that ... customers. HYPR has already secured over 15 ... system makers including manufacturers of connected home product suites ...
(Date:4/4/2017)... , April 4, 2017   EyeLock LLC , ... that the United States Patent and Trademark Office (USPTO) ... covers the linking of an iris image with a ... and represents the company,s 45 th issued patent. ... is very timely given the multi-modal biometric capabilities that ...
(Date:3/30/2017)... -- On April 6-7, 2017, Sequencing.com will host the world,s ... at Microsoft,s headquarters in Redmond, Washington ... health and wellness apps that provide a unique, personalized ... is the first hackathon for personal genomics and the ... the genomics, tech and health industries are sending teams ...
Breaking Biology News(10 mins):
(Date:6/28/2017)... , June 28, 2017  Scientific Analytics, Inc.,s DARI ... showcased in front of thousands of healthcare providers at Premier ... 27.   Scientific Analytics, DARI Motion Health was debuted ... recognizes advances in healthcare while highlighting industry suppliers committed to ... ...
(Date:6/28/2017)... , ... June 28, 2017 , ... ... international market with three research projects accepted for presentation at the 33rd Annual ... Nearly 10,000 participants – including some of the world’s top thought leaders in ...
(Date:6/28/2017)... ... ... Studies indicate that replacing damaged brain cells with those derived from human ... has not been determined is the optimal stage during differentiation of the stem cells ... study coming out of Singapore, recently published in STEM CELLS Translational Medicine journal may ...
(Date:6/27/2017)... ... 2017 , ... According to a recent report from the ... have negative short- or long-term effects on benthic communities. , The ESTCP ... at the Puget Sound Naval Shipyard & Intermediate Maintenance Facility in Bremerton, Washing. ...
Breaking Biology Technology: