Global amniotic membrane market report is growing pervasively, increasing awareness about the advantages of amniotic membrane transplants.
Global amniotic membrane market report is growing pervasively, increasing awareness about the advantages of amniotic membrane transplants. Besides, factors such as the rising amniotic membrane transplantations, rapid growth in the geriatric population, and growing research activities across the world drive the market growth.
In 2022, the amniotic membrane market outlook was estimated to be worth USD 1.2 billion. The amniotic membrane industry is expected to increase at a compound annual growth rate (CAGR) of 16.26% between 2023 and 2032, from USD 1.25 billion in 2023 to USD 1.78 billion by 2032.
Besides, factors such as increasing geriatric populations, rising number of patients suffering from chronic diseases, and continuous development in the technology are propelling the growth of the market.
On the other hand, rising healthcare cost is restricting the growth in the amniotic membrane market. Also, stringent regulatory approvals are acting as a headwind obstructing market growth. Nevertheless, factors such as the increasing demand for alternative treatments such as stem cell surgeries, government support for the new product development, and rising per capita healthcare expenditures would support the market growth over the assessment period.
Amniotic Membrane Market – Segments
The analysis has been segmented into four main dynamics to widen the scope of understanding,
By Type : Cryopreserved Amniotic Membrane and Lyophilized Amniotic Membrane.
By Application : Surgical Wounds, Ophthalmology, Stem Cell Biology, Regenerative Medicine, Prenatal Diagnosis, and others.
By End User : Ambulatory Surgical Centers, Hospitals & Clinics, Research Centers & Laboratory, and others.
By Regions : Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World.
The growth of the cryopreserved amniotic membrane and lyophilized amniotic membrane segment is majorly driven by the rising cases of surgeries, increasing numbers of reconstruction procedures, and cosmetic surgeries.
Amniotic Membrane Market – Regional Analysis
North America dominates the global amniotic membrane market. The largest market share attributes to the notable increase in stem cell surgeries and encouraging support for R&D to discover new therapeutics. Moreover, the increasing uptake of advanced technologies and high healthcare expenditures drive the market growth in the region. The US, among other North American countries, backed by the high healthcare expenditure, accounts for the major contributor to the regional market growth.
Europe stands second in the global amniotic membrane market. Increasing prevalence of disorders and diseases such as cicatricial pemphigoid, Stevens-Johnson syndrome, pterygium, and persistent epithelial defects with ulceration, acts as a major tailwind for the market growth.
Besides, rising cases of chemical and thermal burns in the region are driving the growth of the amniotic membrane market. Germany accounts for major market share and hence a key contributor to the growth of the regional market, followed by France.
The amniotic membrane market in the Asia Pacific region is growing briskly due to the increasing numbers of ocular surgeries, reconstruction procedures, and cosmetic surgeries. Besides, rising cases of venous and pressure leg ulcers are is driving the growth of the regional market.
Global Amniotic Membrane Market – Competitive Analysis
Fiercely competitive, the amniotic membrane market appears fragmented due to the presence of many well-established players. Innovation/ new technology launch remains a popular trend among market players. Also, they are focusing on expanding their global footprints by entering untapped markets.
Major Players:
Players driving the global amniotic membrane market include Alliqua BioMedical, Inc. (US), Applied Biologics (US), Integra LifeSciences (US), MiMedx (US), Skye Biologics Inc. (California), Amniox Medical, Inc. (Florida), Human Regenerative Technologies, LLC (US), Katena Products, Inc. (US), Osiris Therapeutics, Inc. (US), and Amnio Technology, LLC (US), among others.
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