Amniotic Membrane Market to Witness an Outstanding Growth by 2027
Posted by Rohini Chaudhari on January 7th, 2020
Transparency Market Research (TMR) has published a new report on the amniotic membrane market for the forecast period of 2019-2027. According to the report, the global amniotic membrane market was valued at ~US$ 980 Mn in 2018 and is projected to expand at a CAGR of ~10% from 2019 to 2027.
Global Amniotic Membrane Market: Overview
- The amniotic membrane is a thin tissue that covers the fetal side of the placenta. Human amniotic membranes have been used for more than 100 years as a biomaterial for the surgical reconstruction of different tissues because they promotes wound healing.
- The two primary types of amniotic membranes are cryopreserved amniotic membranes and lyophilization amniotic membranes.
- Growth of the global amniotic membrane market can be attributed to increase in the number trauma cases, burn injuries, and other accidental cases where amniotic membranes can be used for wound healing.
- North America dominated the global amniotic membrane market in 2018, and the trend is anticipated to continue during the forecast period. Increase in the incidence of trauma cases and accidents, and rise in the number of FDA approvals and product launches in the U.S. contribute to North America’s leading share. Moreover, the presence of well-developed healthcare infrastructure and leading companies fuel the growth of the amniotic membrane market in the region.
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- Asia Pacific is expected to be a highly lucrative market for amniotic membranes during the forecast period. The amniotic membrane market in the region is likely to expand at a high CAGR from 2019 to 2027.
Increase in Research on Stem Cell Biology & Regenerative Medicine to Drive Market
- Several regenerative medicines for orthopedics and wound healing have received U.S. FDA approval, and many are currently being studied in preclinical and clinical stages. Amniotic membranes along with their epithelial and mesenchymal stem cells are an appropriate source for regenerative medicine and skin tissue engineering.
- In May 2019, a team from the University of Alexandria, Egypt, began research on the therapeutic efficiency of human amniotic membrane plugs in promoting the closure of large macular holes.
- A number of players are also investing in the improvement of the efficiency of amniotic membranes for wide acceptance.
- Increase in research on amniotic membranes as a regenerative medicine is projected to drive the global amniotic membrane market.