The global Amniotic Membrane Market size is expected to reach USD 8.5 billion by 2030, registering a CAGR of 14.8% over the forecast period, according to a study published by Grand View Research, Inc. Global rise in the number of trauma and burn cases, surgeries, and increasing cognizance regarding various benefits offered by amniotic membrane-based products are factors increasing their demand. Amniotic membrane has pain-reducing properties, which may lead to the increased adoption of these tissue-based products in surgical wounds and ophthalmology.
Also, rising expenditure in R&D in the field
of stem cells and regenerative medicine and the rising number of
surgeries being performed are some of the key factors anticipated to augment
the market growth. The global market is expected to gain potential owing to a
wide range of product applications in ophthalmology, skin, brain, and head
& neck, genitourinary tract, as well as other surgical procedures. In
addition, the rise in amniotic membrane-based transplantations across
the globe is predicted to fuel the overall market growth. Moreover, rising
awareness regarding the product benefits among healthcare professionals as well
as individuals is estimated to boost the demand over the forecast years.
However, the dearth of skilled professionals is
expected to impede market growth. Amniotic membrane-based products are most
commonly used in the treatment of various areas, such as venous, pressure, and
diabetic foot ulcers, ophthalmology, surgeries, and also in the management of
chronic wounds. Moreover, with increasing research in the field of stem cell
research and regenerative medicine, various research and academic institutes
are engaged in a study to facilitate the usage of these products for other
applications.
Related Press Release@ Amniotic Membrane Market Report
Amniotic Membrane
Market Report Highlights
- The cryopreserved amniotic membrane segment held the largest market
share in 2021 owing to the high effectivity and preservation of
histological and biological properties in these membranes
- The surgical wounds segment held a significant market share in 2021
due to the increased volume of surgical procedures and wide product usage
in surgical applications
- Specialty clinics are anticipated to gain the highest market share
by 2030 due to the increasing number of cosmetic and reconstructive
surgeries being performed globally
- North America was the leading regional market in 2021 owing to the
existence of a large number of major players and the high incidence of
chronic and infectious diseases
- Asia Pacific is expected to grow at the fastest growth rate during
the forecast period due to the high population coupled with the rising
chronic diseases and burn incidences
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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