Global Amniotic Membrane Market Size To Worth USD 3.58 Billion by 2033 | CAGR of 7.86%
Category: HealthcareGlobal Amniotic Membrane Market Size To Worth USD 3.58 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Amniotic Membrane Market Size is Expected to Grow from USD 1.68 Billion in 2023 to USD 3.58 Billion by 2033, at a CAGR of 7.86% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the "Global Amniotic Membrane Market Size, Share, and COVID-19 Impact Analysis, By Product (Cryopreserved and Lyophilized), By Application (Surgical Wounds, Ophthalmology, and Others), By End-User (Hospitals, Ambulatory Surgical Centers (ASCs), Specialty Clinics, Research and Academic Institutes, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/amniotic-membrane-market
The thin membrane on the inside of the placenta is called the amniotic membrane, or amnion. It delineates the amniotic cavity and envelops the embryo with a dense foundation membrane. After birth, the amniotic membrane is removed from the placenta and contains potent growth hormones and a variety of stem cells. A growing body of research has focused on amnion membrane, which helps wounds recover by inhibiting the growth of bacteria and easing pain. The demand for amniotic membranes is anticipated to increase due to a rise in amniotic membrane transplant surgeries and the number of traumatic wound patients. Amniotic membranes are also being used in burn care more and more due to their ability to promote healing and reduce pain. The amniotic membrane market is anticipated to increase due to the aging population and the increasing prevalence of various eye conditions. The increased need for tissue-based products made from amniotic membranes is a result of an increase in transplant surgeries. The aging population has resulted in a notable increase in ophthalmology surgeries, which has raised demand for these products significantly. However, the market can be restrained by the high expense of obtaining, preparing, and storing amniotic membranes.
The cryopreserved segment is predicted to hold the greatest market share through the forecast period.
Based on the product, the amniotic membrane market is classified into cryopreserved and lyophilized. Among these, the cryopreserved segment is predicted to hold the greatest market share through the forecast period. To promote quicker healing and lessen inflammation and scarring, cryopreserved amniotic membrane (CAM) is used to treat corneal defects such as chronic epithelial defects, ulcers, and chemical burns. A biological scaffold that promotes tissue regeneration and cell proliferation is offered by CAM.
The ophthalmology segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the amniotic membrane market is divided into surgical wounds, ophthalmology, and others. Among these, the ophthalmology segment is anticipated to hold the greatest market share during the projected timeframe. Improvements in surgical methods and an increased understanding of the advantages of amniotic membranes in ophthalmology are expanding its uses and increasing performance.
The hospital segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the end user, the amniotic membrane market is divided into hospitals, ambulatory surgical centers (ASCs), specialty clinics, research and academic institutes, and others. Among these, the hospital segment is anticipated to hold the greatest market share during the projected timeframe. Hospitals found that amniotic membranes are very useful in healing chronic wounds, corneal deformities, and reconstructive procedures due to their regenerative characteristics, anti-inflammatory effects, and scar-reducing capacities.
North America is estimated to hold the largest share of the amniotic membrane market over the forecast period.
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North America is estimated to hold the largest share of the amniotic membrane market over the forecast period. The North America adoption of modern technologies and increasing focus on alternative technologies are expected to drive market growth. Amniotic membrane applications and regenerative medicine are needed to treat a wide range of medical diseases, and this need is supported by a highly advanced technical healthcare infrastructure in this region.
Asia Pacific is predicted to have the highest CAGR growth in the amniotic membrane market over the forecast period. The region's economies are projected to expand at higher rates than this one due to a steady increase in disposable income in several of the countries. In addition, a large number of international companies are investing a significant amount of money in this region.
Europe is estimated to hold a significant share of the amniotic membrane market over the forecast period. According to the European Chronic Disease Alliance, chronic illnesses, which account for 86% of all fatalities and 77% of the overall disease burden in Europe, are the main cause of mortality. These diseases include diabetes, cancer, heart disease, stroke, and chronic respiratory diseases.
Major key players in the amniotic membrane market include Bio Tissue Holdings Inc., NovaBay Pharmaceuticals, Inc., Xtant Medical Holdings, Inc., Amnio Technology, LLC, Applied Biologics LLC, Celularity Inc., Tissue-Tech Inc., Corza Health, Inc., Integra LifeSciences Holdings Corporation, MiMedx Group, Inc., DermaSciences, Organogenesis Holdings Inc., Skye Biologics, Inc., Smith & Nephew plc, and Others.
Recent Developments
- In April 2024, A global medical technology business specializing in surgical solutions for the treatment of spinal problems, Xtant Medical Holdings, Inc. (NYSE American: XTNT) announced the full commercial launch of two amniotic membrane allografts, SimpliGraftTM and SimpliMaxTM.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the amniotic membrane market based on the below-mentioned segments:
Global Amniotic Membrane Market, By Product
- Cryopreserved
- Lyophilized
Global Amniotic Membrane Market, By Application
- Surgical Wounds
- Ophthalmology
- Others
Global Amniotic Membrane Market, By End User
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Specialty Clinics
- Research and Academic Institutes
- Others
Global Amniotic Membrane Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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