Global Amniotic Membrane Market Overview
The key driver impacting the amniotic membrane market is the rising number of cosmetics and plastic surgeries globally. the amniotic products are majorly utilized for reconstructive surgeries to reduce scarring and promote healing, thus boosting market demand in the forecast period. For instance, According to estimates from the American Society of Plastic Surgeons, in 2018 around 17.7 million minimally-invasive and surgical cosmetic procedures took place in the United States in a number that has increased gradually in the past five years. It is due to the rising number of individuals undergoing surgery to improve their visual appeal. Moreover, the increasing aging patient population with a high prevalence of eye disorder and the rise in amniotic membrane-based transplantations globally is also estimated to be a significant determinant that adds growth to the market.
According to Value Market Research, the global amniotic membrane market was valued at around USD 2,500 million in 2020 and is estimated to grow at a CAGR of about 15% during the forecast period of 2021 to 2027.
The rising cases of burn injuries and surgeries related to that globally are estimated to improve market demand in the forecast period as amniotic membranes are used for burn injury treatments and facilitate quick epithelialization and wound healing. It also helps in minimizing pain and makes possible easy movement of the affected area. also, the usage of this method is cost-effective as compared to allografts and xenografts. for instance, as per the World Health Organization, globally, around 180 000 deaths are caused by burns every year. The majority happen in middle and low -income nations. non-fatal burn injuries are considered the primary cause of morbidity. In India, around 1,000,000 people are severely or moderately burnt every year. as per the center for disease control and prevention (CDC), every year in the United States, about 1.1 million burn injuries need medical attention. The high usage of amniotic membranes for various indications such as the reconstruction of the conjunctiva surface, pterygium excisions, corneal ulcers, surgical wounds, pressure, and venous leg ulcers, is also boosting the market demand in the coming years. However, the rising healthcare cost may hamper the global amniotic membrane market in the long run. the current industry trends, such as the increasing R&D investments in the field of stem cell and regenerative medicine, and growing awareness programs for wound care treatment and management are expected to provide profitable market opportunities for the market players.
The amniotic membrane market is vast, with many local and global players. the key leaders follow several strategies to develop their market position, such as mergers, contracts, acquisitions, expansions, extending product portfolio, product innovations to improve their market share globally. The major players included in the report are Amnio Technology, Alliqua BioMedical, Inc, Applied Biologics LLC, DermaSciences, Human Regenerative Technologies, Amniox Medical, Inc, Katena Products, Inc, Skye Biologics, Inc, MiMedx Group, Inc, and Organogensis, Inc..
In this research report, the amniotic membrane market is segmented by enzyme, applications, end-user, and region.
Analysis by Enzyme:
By enzyme, the report is categorized into cryopreserved, and dehydrated. The cryopreserved segment dominates the enzyme segment with over 55% share in 2020. It is due to the growing usage of cryopreserved products in ocular surgeries, aid faster recovery and reduced inflammation of the eye. Moreover, the rising number of ocular surgeries and cosmetic surgeries contributes to the growth in the forecast period.
Analysis by Applications:
By applications, the report is categorized into surgical wounds, ophthalmology, and others. The surgical wounds dominate the application segment with over 30% share in 2020. It is due to the rising number of surgeries and prevalence of surgical & traumatic wounds and burns injuries across the globe. Moreover, growing awareness programs for wound care treatment and management contribute to the vast market demand in surgical wound applications in the forecast period.
Analysis by End-User:
By end-user, the report is categorized in hospitals, ambulatory surgical centers (ASCS), specialty clinics, and research and academic institutes. There is a considerable growth observed in the hospital segment in the forecast period. It is because hospitals are the primary care settings that provide comfortable treatment for an extensive range of diseases. Moreover, frequent visits by patients and its ability to cater to a varied range of surgical interventions contribute to the vast market demand from the hospital sector in the forecast period.
Analysis by Region:
In the regional outlook of the global amniotic membrane market, the North America region dominates with a 33% market share during the forecast period. It is due to the presence of well-developed healthcare infrastructure and leading companies in the U.S. Moreover, the growing adoption of advanced technologies and rising healthcare expenditure contribute to the development of the amniotic membrane market across North America.
Market Segmentation covered in the Report:
By Enzyme
By Application
- Surgical Wounds
- Ophthalmology
- Others
By End-User
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Research Institutes and Academic Institutes
By Region
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
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