Skin Replacement and Substitutes Market to Register 6.3% CAGR during 2019–2024

Posted by Pramod Arya on November 12th, 2020

The market is registering growth due to the rising inclination of customers towards spending on appearance, surging number of burn cases, and growing prevalence of skin diseases around the world. In terms of product, the market is divided into cellular, acellular, and others.

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When application is taken into consideration, the skin replacement and substitute market is categorized into cosmetic surgery, burns, ulcers, and others. Out of these, the burns category is predicted to account for the major revenue share, 42.6%, of the market in 2024. Full-thickness injuries caused due to burns destroy both dermis and epidermis layers of the skin, leading to irretrievable skin loss, since completely destroyed dermis does not have the ability to regenerate. This condition can only be taken care of by skin replacement and substitutes procedures.  

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The growing number of burn cases across the globe is one of the key reasons for the rising demand for skin replacement and substitute products. As per the World Health Organization, about 180,000 deaths are causes due to burn each year around the world, and majority of these cases are registered in middle ad low-income countries. In India, more than 1,000,000 people suffer from moderate or savage burns each years. Since skin substitutes and replacement products allow quick healing of such wounds, their demand is surging all across the globe.

Hence, the market is being driven by the surging number of burn cases all over the globe.

This study covers

• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings