The Report Amniotic Membrane Market Size,
Share & Trends Analysis Report By End Use (ASC, Hospital), By Enzyme
(Dehydrated, Cryopreserved), By Application (Ophthalmology, Surgical Wounds),
And Segment Forecasts, 2018 – 2025
The global amniotic membrane market size is
expected to reach USD 5.81 billion by 2025, according to a new report by Grand
View Research, Inc. The market is estimated to witness a CAGR of 12.6% during
the forecast period. Rise in trauma, burn cases and resulting surgeries along
with increasing awareness regarding the benefits of these products are boosting
the market growth. Rising number of cosmetic surgeries performed is also
anticipated to drive the market during the forecast period. Amniotic membrane
is also used in the treatment of a large number of ocular surface diseases as
it protects surfaces from microbial colonization preventing the risk of
infections.
Moreover, presence of
growth factors including basic Fibroblast Growth Factor (bFGF), Transforming
Growth Factors (TGFs), Epidermal Growth Factor (EGF), Vascular Endothelial
Growth Factor (VEGF), Nerve Growth Factor (NGF), and Keratinocyte Growth Factor
(KGF) in amniotic membranes promote wound healing, accelerating its adoption
globally. Thus, its benefits, such as anti-inflammatory properties, reduced
fibrosis and scarring at the site of surgery, pain reduction, and wound healing
properties, are also fueling the demand. These products are thus most commonly
used in surgeries, treatment of venous, pressure, and diabetic foot ulcers, ophthalmology,
and in the management of chronic wounds.
The American Association
of Tissue Banks is a non-profit organization that regulates tissue donation in
U.S. Presence of such tissue banks ensures zero disease transmission, which, in
turn, propels market growth. Furthermore, a number of institutes are trying to
introduce novel areas of applications for these products by focusing on the
research activities in stem cell and regenerative medicines. This factor is
also likely to support market expansion. The use of cryopreserved amniotic
membrane is largely seen in hospitals, Ambulatory Surgical Centers (ASCs), and
specialty clinics. Lyophylization of the tissue post donation preserves the
histological and biological activity of the tissue facilitating faster wound
recovery.
Access Research Report of Amniotic
Membrane Market @ www.grandviewresearch.com/industry-analysis/amniotic-membrane-market
Further key findings from the study suggest:
· Cryopreserved is expected to be the
dominant segment in future as it’s highly effective and ensures preservation of
histological and biological properties
· Surgical wounds segment is projected to
witness high growth due to increasing usage of these products for surgical
applications
· Specialty clinics are anticipated to
register the highest CAGR during the forecast period due to increasing number
of cosmetic and reconstructive surgeries being performed
· North America is a leading regional market
owing to presence of a large number of key companies and high incidence of
chronic and infectious diseases
· The Asia Pacific region is expected to
record the highest CAGR during the forecast period due to growing population and
rising incidence of chronic diseases and burn injuries
· Major companies in the amniotic membrane
market include Alliqua BioMedical Inc.; Amnio Technology, Applied Biologics
LLC; Human Regenerative Technologies DermaSciences; Katena Products, MiMedx
Group Inc.; and Skye Biologics, Inc.
Grand View Research has
segmented the global amniotic membrane market on the basis of enzyme,
application, end use, and region:
Amniotic Membrane Enzyme Outlook (Revenue, USD Million,
2014 - 2025)
·
Cryopreserved Amniotic Membrane
·
Dehydrated Amniotic Membrane
Amniotic Membrane Application Outlook (Revenue, USD
Million, 2014 - 2025)
·
Surgical Wounds
·
Ophthalmology
·
Others
Amniotic Membrane End Use Outlook (Revenue, USD Million,
2014 - 2025)
·
Hospitals
·
Ambulatory Surgical Centers (ASCs)
·
Specialty Clinics
·
Research and Academic Institutes
Amniotic Membrane Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of Amniotic Membrane Market@ www.grandviewresearch.com/press-release/global-amniotic-membrane-market
About
Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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