The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Amniotic Products Global Market Report 2024, the amniotic products market is expected to show promising growth in the forecast period.

Rapid Expansion and Projections

• The amniotic products market has experienced robust growth, escalating from $0.9 billion in 2023 to $0.98 billion in 2024, with a CAGR of 9.5%.
• Factors fueling this expansion include the rising prevalence of burn injuries, increasing demand for regenerative medicine, and the global expansion of amniotic products.
• Forecasts indicate further strengthening, reaching $1.37 billion by 2028, with an 8.5% CAGR, driven by factors such as patient preference for non-invasive therapies and increasing healthcare expenditure.

Amniotic Products Market Thrives On Demand Surge Amidst Escalating Trauma And Accident Cases

• Trauma and accident cases are driving the demand for amniotic products, particularly in treating severe burn injuries and traumatic wounds.
• Companies like Stryker Corporation, Smith & Nephew PLC, and Organogenesis Inc. are among the major players in the market.
• Notable incidents such as the reported accidents in India and motor vehicle crashes in the US highlight the critical need for advanced wound care solutions, propelling the market growth.

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Versea Health Inc. Unveils Biovance 3L Ocular Tri-Layer Human Amniotic Membrane

• Product innovation is a key trend in the amniotic products market, with companies introducing advanced solutions like the Biovance 3L ocular tri-layer human amniotic membrane.
• Versea Health Inc.’s Biovance 3L aims to cater to surgical and ocular markets, offering a biological membrane covering to promote tissue growth and aid in wound healing.
• Innovations such as these contribute significantly to the market’s growth trajectory and address evolving healthcare needs.

Integra Lifesciences Expands Wound Care Portfolio With Strategic Acquisition Of Acell Inc.

• Strategic acquisitions play a pivotal role in expanding companies’ portfolios and enhancing their capabilities.
• Integra LifeSciences’ acquisition of ACell Inc. in January 2021 underscores the company’s commitment to offering advanced wound treatment solutions.
• ACell Inc.’s expertise in acellular amniotic membrane strengthens Integra LifeSciences’ position in the market and enriches its proprietary technologies.

Segmentation and Regional Insights

• The amniotic products market is segmented by type (amniotic membranes, amniotic suspensions), application (wound care, orthopedics, ophthalmology, other applications), and end-use (hospitals and ambulatory surgical centers, other end-users).
• North America dominated the market in 2023, with the Asia-Pacific region expected to witness significant growth in the forecast period.

Conclusion: Charting a Promising Future
The trajectory of the amniotic products market reflects a landscape ripe with opportunities and innovations. As the prevalence of traumatic injuries and chronic wounds escalates, the demand for advanced regenerative therapies continues to surge. Companies at the forefront of product innovation and strategic acquisitions are poised to capitalize on this growing market. With a focus on technological advancements and regional expansion, the amniotic products market is poised for sustained growth, offering hope to patients and healthcare providers worldwide. As the market evolves, collaborations and novel solutions will shape the future of regenerative medicine, driving improved patient outcomes and revolutionizing wound care paradigms.

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