A recent study by Triton Market Research titled Global Amniotic Membrane Market includes the Global Analysis and Forecasts by Type (Cryopreserved Amniotic Membrane, Lyophilization Amniotic Membrane), End-users (Hospitals, Research Centers & Laboratories, Specialized Clinics, Ambulatory Surgical Wounds), Application (Surgical Wounds, Ophthalmology, Other Applications), and by Geography (North America, Asia-Pacific, Middle East and Africa, Europe, Latin America).
Amniotic membrane or amnion refers to a thin membrane around the embryo filled with amniotic liquid. It is present in the inner side of the fetal placenta.
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Triton’s report estimates the global amniotic membrane market to progress at a CAGR of 7.01%, garnering revenue worth $2220.96 million by 2028.
The rise in burn and traumatic wounds cases has enhanced the demand for advanced wound care treatment over the past few years. This has led to a rise in awareness programs for chronic wounds globally. Many institutes offer advanced wound care treatment with the help of an amniotic membrane. Therefore, the growing application of amnion for wound care management and research activities for AM use in regenerative medicine drives the amniotic membrane market on a growth path.
However, the use of an amniotic membrane in treating organ damage, including lung damage, is under research. Such limitations in amnion application are expected to restrict the global market’s growth.
The amniotic membrane market is divided into type, end-users, and application. In terms of type, it is bifurcated into cryopreserved and lyophilization amniotic membranes. The end-users segment includes hospitals, research centers & laboratories, specialized clinics, and ambulatory surgical wounds. Lastly, the application section is segmented into surgical wounds, ophthalmology, and other applications.
North America holds the largest share in the amniotic membrane market globally. The amniotic membrane demand has surged significantly in the past few years in the region, owing to the rising treatments in the sports industry. Moreover, the market is supported by increasing research across medical institutes in the US and Canada. While healthcare costs are high in the region, the growing applications of amnions will develop the amniotic membrane market’s scope within the region.
Smith and Nephew Plc, Surgenix LLC, Celularity Inc, Amino Technology LLC, Organogenesis, Labtician Ophthalmics Inc, Amniox Medical Inc, Integra Lifescience Corp, Sky Biologics LLC, Surgilogix LLC, Bio Tissue Inc, Human Regenerative Technologies, Katena Products Inc, MiMedx are leading companies in the amniotic membrane market.
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Question & Answer: Amniotic Membrane Market
Question 1: What factors drive the amniotic membrane market on a growth path?
Answer: The rise in burn and traumatic wounds cases has enhanced the demand for advanced wound care treatment over the past few years. This has led to a rise in awareness programs for chronic wounds globally. Many institutes offer advanced wound care treatment with the help of an amniotic membrane. Therefore, the growing application of amnion for wound care management and research activities for AM use in regenerative medicine drives the amniotic membrane market on a growth path.
Question 2: What factor is expected to restrict the amniotic membrane market’s growth?
Answer: The use of an amniotic membrane in treating organ damage, including lung damage, is under research. Such limitations in amnion application are expected to restrict the global market’s growth.
Question 3: Which region holds the largest share in the amniotic membrane market globally?
Answer: North America holds the largest share in the amniotic membrane market globally. The amniotic membrane demand has surged significantly in the past few years in the region, owing to the rising treatments in the sports industry. Moreover, the market is supported by increasing research across medical institutes in the US and Canada. While healthcare costs are high in the region, the growing applications of amnions will develop the amniotic membrane market’s scope within the region.
Question 4: Which are the leading companies in the amniotic membrane market?
Answer: Smith and Nephew Plc, Surgenix LLC, Celularity Inc, Amino Technology LLC, Organogenesis, Labtician Ophthalmics Inc, Amniox Medical Inc, Integra Lifescience Corp, Sky Biologics LLC, Surgilogix LLC, Bio Tissue Inc, Human Regenerative Technologies, Katena Products Inc, MiMedx are leading companies in the amniotic membrane market.
Related Report:
Global Stem Cell Market
The global stem cell market is anticipated to advance at a CAGR of 7.54% during the forecast period of 2021-2028.
Stem cells have shown potential in tissue regeneration, along with wound repair. The increasing chronic conditions incidents majorly support the application of stem cells for various treatments.
Factors such as growing awareness about umbilical cord stem cells and rising demand for regenerative medicine drive the studied market’s growth.
Additionally, technological advancements and the risk of immune reactions open new avenues for the stem cell market globally.
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