Global Amniotic Membrane Market Research Report—Forecast till 2025
Global Amniotic Membrane Market: Information by Type (Cryopreserved and Lyophilized), Application (Surgical Wounds, Ophthalmology, Stem Cell Biology, Regenerative Medicine, Others), by End User (Hospitals & Clinics, Others) and Region - Forecast till 2025
Generally, the growing aging patient populace, the rise in amniotic membrane-based transplantations globally, and rising disease awareness are driving the growth of the global amniotic membrane market. The global amniotic membrane market has been largely benefited by the rising amniotic membrane transplantations, rapid growth in the geriatric populace, and increasing research activities across the world. Ever-increasing consciousness about the advantages of amniotic membrane transfer. Amniotic membrane is a sack that comprises and endorses the embryo, involving the amniotic cavity. It is developed as a skin alternative as well as a surgical biomaterial in a range of settings such as clinical medicine of extreme circumstances, which contains ocular syndromes, skin wound treatment, and reconstructive surgery. Though, rising healthcare cost is anticipated to restrain market expansion. Amniotic membrane is a blend of tissues and cells which helps in wound healing by behaving as a groundwork for re-growth of soft tissues. The Global Amniotic Membrane Market is expected to register a CAGR of 12.67% to reach USD 2,690.22 Million by 2025.These are most commonly used in eye surgery as a biological bandage to repair or restore damaged eye tissue.
The Global Amniotic Membrane Market is segmented based on material type, end user, application and region respectively. The cryopreservation amniotic membrane section is projected to lead the market and spread a significant CAGR to make USD 1,339.66 Million by the end of 2025. The growing number of ocular surgeries is projected to drive the market increase. However, the lyophilized amniotic membrane section is predicted to display the highest CAGR of 14.69% from 2019 to 2025. The rising number of surgeries, increasing number of reconstruction techniques and cosmetic surgeries, and blood and pressure leg ulcers is pushing the development of the segment.
Geographically the Global Amniotic Membrane Market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. The European market is estimated to exceed USD 870.41 Million by 2025. The increasing ordinariness of cicatricial pemphigoid and Stevens-Johnson syndrome; pterygium; persistent epithelial faults with ulceration; conjunctival surface renovation; and ocular external reconstruction in patients with chemical and thermal burns in Europe are driving the growth of the amniotic film market in the region. Germany is the most crucial contributor to the growth of the regional market, followed by France. Americas accounted for the largest market share of 37.4% in 2018, and the regional market is projected to register a CAGR of 11.75% during the forecast period. Asia-Pacific is expected to enter the hastiest CAGR. The Indian market is forecast to exhibit the highest growth rate of 14.09% during the forecast period of 2019 to 2025.
The proposed spectators in the Global Amniotic Membrane Market are manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global Detonator Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Detonator Market are companies like Skye Biologics Inc. (California), Applied Biologics (US), Alliqua BioMedical, Inc. (US), Integra LifeSciences (US), MiMedx (US), Katena Products, Inc. (US), Human Regenerative Technologies, LLC (US), Amnio Technology, LLC (US), Osiris Therapeutics, Inc. (US) and Amniox Medical, Inc. (Florida)
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook