Amniotic Membranes Market Demand, Dynamic Innovation in Technology & Insights 2028
The global Amniotic Membranes Market is worth US$ 1.4 Billion as of now and is expected to reach US$ 2.3 Billion by the year 2028 at a CAGR of 9% between 2022 and 2028.
With extensive research being conducted with respect to regenerative
medicine and stem cell, the global amniotic membranes market is bound to grow
on an unprecedented note in the upcoming period.
To learn more about this report @ https://www.futuremarketinsights.com/reports/amniotic-membrane-market
When it comes to burn injuries, anti-scarring and anti-inflammatory
properties are important, so as to foster quicker healing. This is where
amniotic membranes come to the rescue. Furthermore, they are used to treat
various eye disorders like bullous keratopathy, glaucoma, cataract, corneal
ulcers, bacterial keratitis, ocular dystrophy, corneal degeneration, eyelid
reconstruction, and likewise. Plus, the fact that growing geriatric population
calls for increase in ophthalmology surgeries can’t be ignored. Therefore,
there won’t be any looking back for demand pertaining to tissue-based products
in the years to come.
Cryopreserved amniotic membrane is used in majority of visual surgeries,
thereby helping in better recovery and curtailed eye inflammation. Dehydrated
amniotic membranes are used to treat several surgical wounds, venous and
pressure leg ulcers, and reconstruction procedures. Future Market Insights has
walked through these facts with future prospects in its latest market study
entitled ‘Amniotic Membranes Market’.
“amnion is used to heal wounds due to pain
reduction and bacteriostatic properties. The application areas include corneal
ulcers, surgical wounds, pterygium excisions, conjunctiva surface, limbal stem
cell deficiency, pressure and venous leg ulcers, and regenerative medicine.
This factor is expected to render the amniotic membranes indispensable going
forward”, says an analyst from Future Market Insights.
Key Takeaways from Amniotic Membranes Market
- North America
holds more than 30% of the market share due to proper healthcare
facilities coupled with majority of market participants present in the US.
- Europe stands
second on this count. This could be reasoned with the fact that Europe’s
healthcare system is funded publicly and there are regions going for
adoption of universal health systems. Also, the WHO has certified that
chronic respiratory diseases, cardiovascular diseases, cancer, and
diabetes altogether contribute for more than 86% of the market revenue.
- Coming to the
Asia-Pacific, India is expected to witness sizable growth in amniotic
membranes market with rise in ocular surgeries. Cosmetic surgeries are
also on the rise.
Competitive Landscape
- AminoFix
(developed by MiMedx Group Inc.) comes across as one of the dehydrated
amniotic membranes used especially for various surgical incisions. It thus
functions as barrier membrane and curtails formation of scar tissues. The
American Society of Plastic Surgeons has stated that The US is subject to
more than 17 Mn surgical cosmetic surgeries. Every single year.
- Integra
Lifesciences, in 2020, tabled AmioniExcel Placental Allograft Membrane for
expanding the portfolio of wound care.
- Amino
Technology, in February 2022, put forth Dual Layer PallinGen X Membrane
and PalinGen X Membrane – two new-fangled PallinGen membrane products.
They would be catering to the patients contracting non-healing chronic and
acute wounds and open surgical or complex wounds.
- Merakis Therapeutics
LLC, in 2020, did launch Dermacyte Amniotic Wound Care Matrix. It could be
referred to as a cross-linked human amniotic membrane allograft comprising
an epithelial basal along with compact fibroblast layer.
- The US FDA, in
2018, approved regenerative medicine advanced therapy credited to AminoFix
from MiMedx. It’s used for treating osteoarthritis.
- Organogenesis
Inc., in 2021, came up with ReNu (an amniotic suspension). The US FDA also
approved the Regenerative Medicine Advanced Therapy designation to be used
in knee osteoarthritis.
- MiMedx, in
2021, got approval from the Japanese Ministry of Health, Labor and Welfare
to commercialize EPIFIX in Japan.
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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