Scaffold Technology Market to Surpass 5.34 Billion by 2030 Drives Due to Construction and Infrastructure
SkyQuest projects that the scaffold technology market will attain a USD 5.34 billion value by 2030, with a CAGR of 18% over the forecast period (2023-2030). Rapid urbanization and infrastructure development worldwide fuel the demand for scaffold technology. As construction projects expand, the need for safe and efficient access solutions, such as scaffolding, drives scaffold technology market growth.
Westford, USA, Aug. 16, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, industries such as oil and gas, power generation, and manufacturing rely on scaffold technology for maintenance and repairs. Emphasis on worker safety and efficient maintenance processes drives the expansion of the scaffold technology market.
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- Pages – 157
- Tables – 67
- Figures – 75
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Increasing safety regulations in construction and industrial sectors propel the adoption of advanced scaffold technology, ensuring compliance and reducing accidents. This regulatory push stimulates the scaffold technology market in an upward trajectory.
Prominent Players in the Scaffold Technology Market
- Allevi
- Thermo Fisher Scientific Inc.
- Merck KGaA
- Lonza Group AG
- Avantor, Inc.
- 3D Biotek LLC
- Akzo Nobel N.V.
- Bio-Rad Laboratories, Inc.
- Cellink AB
- Corning Incorporated
- GE Healthcare Life Sciences
- Greiner Bio-One International GmbH
- Nano3D Biosciences, Inc.
- PeproTech, Inc.
- Promega Corporation
- R&D Systems, Inc.
- Scaffdex Oy
- Sigma-Aldrich Corporation
- STEMCELL Technologies Inc.
- Takara Bio Inc.
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Regenerative Medicine Segment is Expected to Grow the Market Due to its Potential in Tissue Engineering
Regenerative medicine is the fastest-growing segment in the scaffold technology market due to its potential to revolutionize tissue engineering and organ transplantation. The demand for scaffolds that facilitate cellular regeneration and tissue growth for medical applications is driving the development of this segment.
Asia Pacific is experiencing rapid growth in the scaffold technology market due to increasing investments in healthcare infrastructure, rising demand for advanced medical treatments, and a growing aging population. These factors drive the adoption of scaffold technology for regenerative medicine and tissue engineering applications in the region.
Hydrogels Segment is Expected to Dominate the Market Due to their Versatility
Hydrogels segment dominates the global scaffold technology market due to their versatility and biocompatibility. Hydrogels offer a three-dimensional environment that supports cell growth and tissue regeneration. They find extensive use in various applications, including drug delivery, wound healing, and tissue engineering, making them dominant and highly desirable in the scaffold technology market.
North America dominates the scaffold technology market due to its well-established healthcare sector, advanced research facilities, and substantial investments in regenerative medicine and tissue engineering. The region’s focus on technological advancements and increasing collaboration between research institutions and industry players contribute to its dominance in scaffold technology adoption.
A comprehensive analysis of the major players in the scaffold technology market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavors to develop innovative solutions to cater to the growing demand.
Key Developments in the Scaffold Technology Market
- In 2022, Thermo Fisher Scientific Inc., a global leader in scientific solutions, presented cutting-edge diagnostic technologies, assays, and solutions to aid researchers in diagnostics development. These tools enhance flexibility, productivity and enable advanced testing for allergies, autoimmune conditions, and drug monitoring.
- In 2022, Akron BioProducts, a prominent materials manufacturer and services provider in the regenerative medicine sector, partnered with Vor Bio to jointly develop and manufacture Nucleases in compliance with cGMP standards.
- Recently, scientists created a bioactive scaffold using immobilized nerve growth factor and polycaprolactone chitosan nanofibers to aid nerve regeneration. This scaffold improves cell adhesion and nerve cell proliferation.
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Key Questions Answered in Scaffold Technology Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market’s future growth?
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