Global Permanent Artificial Skin Market 2019-2023
About this market
Increasing initiatives to raise awareness of skin and tissue donation to drive market growth. Organizations such as Donate Life America are conducting an increasing number of awareness programs to increase the awareness of skin ailments that require replacement surgeries and the need for skin donation. Donate Life America is a non-profit organization that promotes the donation of organs, eyes, and tissue. The organization partners with other organizations such as the American Association of Tissue Banks to educate the population across the US about tissue donation and encourage people to donate tissue. Technavio’s analysts have predicted that the permanent artificial skin market will register a CAGR of almost 19% by 2023.
Availability of cost-effective treatment in developing countries
The global permanent artificial skin market is not regulated in developing countries in South America and APAC. The high availability of certified doctors and the low cost of treatment is driving the growth of permanent artificial skin market in these regions. Countries such as China, India, Brazil, and South Korea are among the top 10 countries in the world in terms of the number of certified cosmetic surgeons.
Lack of accessibility and affordability of diagnostic test centers
Advanced diagnostic centers that offer a wide range of diagnostic tests are widely present in developing countries. However, there is a shortage of such centers in developing countries, where the disease burden is high. As a result, numerous patients with chronic diseases remain undiagnosed due to the lack of availability of diagnostic centers.
For the detailed list of factors that will drive and challenge the growth of the permanent artificial skin market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including MiMedx and Solsys Medical the competitive environment is quite intense. Factors such as the increasing initiatives to raise awareness of skin and tissue donation and the expansion of aircraft manufacturing facilities, will provide considerable growth opportunities to permanent artificial skin manufactures. Avita Medical, EUCARE PHARMACEUTICALS, Integra LifeSciences, MiMedx, and Solsys Medical are some of the major companies covered in this report.
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