Amniotic Membranes Market is expected to reach more than US$ 2.3 Billion by 2028 | FMI
In 2022, the global Amniotic Membranes Market is expected to be worth approximately US$ 1.4 billion. Furthermore, with the increasing use of amniotic membranes in ophthalmology, total sales of amniotic membranes are expected to grow at a CAGR of 9.0% between 2022 and 2028, reaching more than US$ 2.3 Billion by the end of 2028.
Population of all age groups has
emerged as a prominent consumer base, characterized by untapped product
segments for amniotic membranes to offer effective wound healing and eye
surgeries. This has prompted the amniotic membrane product manufacturers to
capitalize on the emerging latent opportunity. The companies in the market are
optimistic with regard to increasing amniotic membrane transplants and
increasing demand for amniotic membrane products around the world, particularly
in North American countries.
For more information @ https://www.futuremarketinsights.com/reports/amniotic-membrane-market
It is more than likely that over the
span of the next four to five years, the companies focus on developing
innovative products and designing market level strategies to leverage the
potential opportunities emerging in parallel with growing human population with
various chronic diseases.
Amniotic membrane products such as
Amniotic Allograft Membrane and Amniotic Allograft Suspension used to treat
surgical wounds and defects of the corneal epithelia have gained traction over
the last two decades. The major types of amniotic membranes such as cryopreserved
amniotic membrane and lyophilized amniotic membrane have evolved back in the
1990s, but they became significant and the market for amniotic membranes to be
used on humans boomed over the past fifteen years.
Some of the key points identified in
global amniotic membrane market are:
- FMI forecasts the global amniotic membrane market to
grow at a CAGR of 9.3% over the forecast period by 2028 end. The growth in
revenue generation across the amniotic membrane market is registered on
the account of rise in amniotic membrane transplants in both developed and
developing economies.
- The hospitals segment has proved to be the leading end
user segment on account of increase in number of amniotic membrane
transplants, growing awareness among the people about the benefits of the
amniotic membrane transplant.
- Ease of FDA approval for novel and innovative amniotic
membrane allografts coupled with adoption of amniotic membrane for varied
applications would boost the revenue growth in Germany & the U.S.
markets.
- Most often, apart from major applications including
surgical wound and ophthalmology, the use of amniotic tissue in
orthopaedic surgery, sports medicine and podiatry treatment has increased
in the recent years.
- The amniotic membranes used majorly to treat human
surgical wound needs to be FDA approved, thus amniotic membrane
manufacturers focus on getting fast FDA approvals.
Key companies profiled:
Integra LifeSciences
Inc., MiMedx Group, Inc., Tissue-Tech Inc., Skye Biologics
Inc., Katena Products Inc., Alliqua BioMedical Inc., Human Regenerative
Technologies LLC, Amnio Technology LLC, Applied Biologics LLC
Key Segments Of Amniotic Membranes
Market Industry Survey
Amniotic Membranes Market by Product
Type:
- Cryopreserved Amniotic Membranes
- Lyophilized Amniotic Membranes
Amniotic Membranes Market by
Application:
- Surgical Wounds
- Ophthalmology
- Others
Amniotic Membranes Market by End
User:
- Hospitals
- Specialized Clinics
- Ambulatory Surgical Centres
- Academic Research Centres
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