GLOBAL AMNIOTIC MEMBRANE MARKET 2022-2028
MARKET OUTLOOK
As per Triton Market Research’s report, the global amniotic membrane market is anticipated to advance at a compound annual growth rate of 7.01% in revenue over the forecasted period of 2022-2028.
Factors such as rising awareness of wound care treatment, growing research on stem cell biology and regenerative medicine, and incidents of burn injuries are key factors supplementing the amniotic membrane market.
Additionally, the potential use of an amniotic membrane in tissue engineering application and growth of the ophthalmology segment opens new avenues for the studied market. However, limitations related to amniotic membrane usage negatively impact the global market.
REGIONAL OUTLOOK
The global amniotic membrane market comprises North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa regions.
Globally, the Asia-Pacific is expected to observe the fastest-growth rate in the region. The region’s growth is mainly on account of rising accidents and cosmetic surgery trends. Moreover, the benefits of amniotic membrane in eye surgery open new avenues for the amniotic membrane market. Countries such as China, India, and South Korea have emerged as a key market for amniotic membrane. Furthermore, the growing plastic surgery culture has encouraged the use of amniotic membrane in cosmetic surgery applications. Therefore, as stated above, these factors support the amniotic membrane market’s growth across the region.
COMPETITIVE OUTLOOK
The major companies in the amniotic membrane market consist of Sky Biologics LLC, Integra Lifescience Corp, Surgenix LLC, Smith and Nephew Plc, Bio Tissue Inc, Organogenesis, Human Regenerative Technologies, Labtician Ophthalmics Inc, Amniox Medical Inc, Katena Products Inc, Amino Technology LLC, Surgilogix LLC, MiMedx, and Celularity Inc.
Integra Lifescience Corp is a leading company in medical technology. It offers advanced solutions in neurosurgery, orthopedic extremity surgery, and advanced wound management. Additionally, the company offers surgical instruments to hospitals, surgery centers, dental offices, and physicians. The company expanded its base regenerative technology to include surgical instruments, neurosurgical products, and orthopedic hardware. Integra offers innovative healthcare solutions through offices across 130 countries across the globe. It is headquartered in the United States.
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