Dermal Grafts Market is Expected to Increase around US$ 1,789.4 Mn by 2025

Posted by venkatakiran on October 1st, 2019

Dermal Grafts Market is Expected to Increase around US$ 1,789.4 Mn by 2025, Due to Increasing Prevalence of Skin Cancer

Analyst Speak:

“The Dermal Grafts Market is anticipated to reach about US$ 1,789.4 Mn by 2025, and anticipated to expand significant CAGR over seven years of forecast period 2019-2025 owing to increasing prevalence of skin cancer.

Precision Business Insights (PBI) in its report titled “Dermal Grafts Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over six years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The dermal grafts market expected to reach US$ 1,789.4 Mn by 2025 and the market is growing at significant CAGR over the forecast period owing to increase in the prevalence of skin cancer around the globe. For instance, according to World Cancer Research Fund, skin cancer is 19^th most commonly occurring cancer and approximately 300,000 new cases diagnosed with skin cancer in 2018 around the world. Moreover, increase in the R&D for the development of newer products, increase in number of accidents, burns injuries, pressure ulcers, and skin infections, surge in adoption of skin grafts in developed and developing countries are anticipated to propel the dermal grafts market over the forecast years. However, high cost of treatment, complications with dermal grafting procedure such as infection, and lack of sophisticated healthcare infrastructure in underdeveloped countries are hamper the growth of global dermal grafts market.

Dermal grafts market segmented on the basis of product type, thickness, equipment type, application, end-user, and region.

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Autologous Skin Grafts Expected to Dominate the Market

Based on product type, the dermal grafts market is segmented into autologous, isogenic, allogeneic, xenogeneic, and prosthetic. Among all the products autologous skin grafts dominate the dermal grafts market owing to limited number of donors, high protection from infections, and cost effective procedure. Moreover, the xenogeneic skin grafts market growing prominent growth rate over the forecast timeframe owing to rise in R&D for the development of newer products by the market players.