Research Nester recently published report titled “Amniotic Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the amniotic membrane in terms of market segmentation by product type, by application, by end-user and by region.
The global amniotic membrane market is segmented by Product type into cryopreserved amniotic membrane and lyophilization amniotic membrane; by application into surgical wounds, ophthalmology and others); and by end-user into hospitals, ambulatory surgical centers, research center & laboratories and others. The global amniotic membrane market is anticipated to record a CAGR of around 12.8% over the forecast period i.e. 2019-2027.
Increasing Cosmetic Surgeries
According to American Society of Plastic Surgeons report 2017, 17.5 million people go through surgical cosmetics products in the U.S.as people are more conscious towards skin improvement. There are variety of amniotic tissue based product available in market for skin injury improvement. Usage of these products for burn injury treatment leads to rapid recovery in wound healing. The reduction in pain and easy movement of affected areas proves that the usage of these tissue based product are valuable for skin replenishment. These tissue based products are widely accepted across the globe as it is cheaper than other tissue based products such as xenografts and allografts.. These factors is likely to propel the market growth over the forecast period.
Increasing Investment in Research & Development Activities
The antimicrobial properties and high separation power ease the access of amniotic membrane for surgeon in the research application. Researchers are focusing on wound development and subsequent repair of tissue injury, a multitude of events occur to improve healing and accelerate the process of skin and tissue recovery. . Different climatic conditions or environment can affect injury improvement with respect to speed and quality of the repair. Manufacturers of amniotic tissue based products are focusing on innovative technology to enhance the efficiency of product and wide acceptance across the globe. These factors fuels the market over the forecast period.
Lack of Knowledge
There are many difficulties found in understanding the technical term of amniotic membrane as it requires biological knowledge. Lack of skilled and experience professional limits the market growth over the forecast period as it requires standard guidelines on tissue engineering. Lack of awareness about the amniotic tissue based products is further projected to dampen the market growth in near future.
The market in North America is expected to display a strong growth owing to improving healthcare infrastructure and adoption of advanced technology. Additionally, investment by leading players in research and development activities fuels the market growth over the forecast period. Further, the Europe region market is anticipated to induce a growth owing to universal health care system and presence of target population.
The market in Asia Pacific region is estimated to witness highest growth during the forecast period on account of increasing chronic disease and rise in surgical intervention.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the amniotic membrane market which includes company profiling of Applied biologics, Derma Science Inc., IOP Opthalmics and MiMedex Group. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the amniotic membrane market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.