The Amniotic Membrane Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Amniotic Membrane Global Market Report 2024, The amniotic membrane market size has grown strongly in recent years. It will grow from $1.61 billion in 2023 to $1.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increasing patient demand, medical advancements, wound healing research, surgical innovations, burn treatment evolution.
The amniotic membrane market size is expected to see strong growth in the next few years. It will grow to $2.53 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to expanding applications, regenerative medicine growth, rising prevalence of chronic diseases, aging population demographics, clinical trials and research. Major trends in the forecast period include patient-centric healthcare, focus on anti-inflammatory effects, clinical validation and research, biological dressing innovations, customized and personalized treatments.
The rise in the number of transplants is expected to propel the growth of the amniotic membrane market going forward. Transplantation is a surgical operation that involves the transfer of tissue or an organ from one person (the donor) to another. Amniotic membrane is used in transplants for surgical procedures. For instance, in 2021, according to the Australian Department of Health and Aged Care, an Australia-based department of the government responsible for health research, funding, promotion, and regulation, stated that there were 10.81k reported tissue transplant recipients from 3k tissue donors, including 2.7k living tissue donors which were doubled compared to 2020. Therefore, the rise in the number of transplants is driving the growth of the amniotic membrane market.
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The amniotic membrane market covered in this report is segmented –
1) By Product: Cryopreserved Amniotic Membrane, Lyophilization Amniotic Membrane
2) By Application: Surgical Wounds, Ophthalmology, Other Applications
3) By End-Use: Hospitals, Ambulatory Surgical Centers (ASCs), Other End-Users
Major companies operating in the amniotic membrane market are developing new surgical wounds to gain a competitive edge in the market. Surgical wounds refer to incisions or injuries made intentionally during a surgical procedure. For instance, in September 2022, MiMedx Group Inc., a Georgia-based biomedical company, launched AMNIOEFFECT, a tri-layer PURION processed human tissue allograft designed for surgical procedures. It supports the healing cascade by aiding the development of granulation tissue. The tissue provides a biocompatible human extracellular matrix (ECM) and retains more than 300 regulatory proteins. Comprising the amnion, intermediate, and chorion membrane layers of the placenta, AMNIOEFFECT enhances the company's Surgical Recovery product portfolio. It offers superior handling characteristics and allows surgeons to secure tissue in place with sutures for addressing surgical wounds.
The amniotic membrane market report table of contents includes:
1. Executive Summary
2.Amniotic Membrane Market Characteristics
3.Amniotic Membrane Market Trends And Strategies
4.Amniotic Membrane Impact Of Market Analysis
5. Amniotic Membrane Market Size And Growth
6.Amniotic Membrane Segmentation
7.Amniotic Membrane Regional And Country Analysis
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27.Amniotic Membrane Competitive Landscape And Company Profiles
28.Amniotic Membrane Key Mergers And Acquisitions
29. Amniotic Membrane Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Alliqua BioMedical Inc.
- Amnio Technology LLC
- Applied Biologics LLC
- Human Regenerative Technologies LLC
- Rivela DermaScience
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