In-Depth 2024 Amniotic Membrane Market Analysis: Growth, Share, and Emerging Trends
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2024-2033 Amniotic Membrane Market Growth Rate: What’s the Forecast?
The market for the amniotic membrane has experienced remarkable growth in the last few years. It is expected to rise from the 2023 value of $1.61 billion to reach $1.74 billion in 2024, with a compound annual growth rate (CAGR) of 8.2%. This growth in the historical phase can be credited to factors such as growing patient needs, progress in medical technologies, research in wound healing, advancements in surgical procedures, and the evolution of burn treatments.
The market for amniotic membranes is predicted to witness significant expansion in the coming years, scaling up to $2.53 billion in 2028 with a Compound Annual Growth Rate (CAGR) of 9.8%. Factors contributing to this anticipated growth within the forecast period include the rise in applications, the growth of regenerative medicine, increasing chronic disease cases, the aging demographic, and extensive clinical trials and research. The forecast period is also expected to see trends like healthcare centered on the patient, an emphasis on anti-inflammatory effects, clinical validation and research, innovations in biological dressing, and tailored treatments.
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What Drivers Are Accelerating the Growth of the amniotic membrane Market?
The escalating count of transplants is anticipated to fuel the expansion of the amniotic membrane market in the future. This involves a surgical procedure amending the transfer of tissue or an organ from a donor to a recipient. The amniotic membrane is employed in these transplants for surgical procedures. For example, statistics from the Australian Department of Health and Aged Care in 2021, an Australia-based authority accountable for health research, funding, promotion, and regulation, showed that there were 10.81k beneficiaries of tissue transplants that came from 3k tissue donors, inclusive of 2.7k living tissue donors, a number that doubled in comparison to the previous year. Hence, the escalating number of transplants fosters the expansion of the amniotic membrane market.
What Key Segments Can Be Identified in the Amniotic Membrane Market?
1) By Product: Cryopreserved Amniotic Membrane, Lyophilization Amniotic Membrane
2) By Application: Surgical Wounds, Ophthalmology, Other Applications
3) By End-Use: Hospitals, Ambulatory Surgical Centers (ASCs), Other End-Users
What Trends Are On the Rise in the Amniotic Membrane Market?
Key players in the amniotic membrane market are innovating new remedies for surgical wounds to establish a competitive presence. Surgical wounds are incisions or injuries intentionally inflicted during surgery. For example, in September 2022, the Georgia-based biomedical firm MiMedx Group Inc., introduced AMNIOEFFECT. This product is a tri-layer PURION processed human tissue allograft designed for surgical applications. It facilitates the healing process by promoting the generation of granulation tissue. The tissue offers a biocompatible human extracellular matrix (ECM), preserving over 300 regulatory proteins. Made up of amnion, intermediate, and chorion membrane layers from the placenta, AMNIOEFFECT boosts the firm’s Surgical Recovery product line. It showcases excellent handling characteristics and permits surgeons to fasten tissue in position with sutures to treat surgical wounds.
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What Regions Are Steering Growth in the Amniotic Membrane Sector?
North America was the largest region in the amniotic membrane market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the amniotic membrane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Amniotic Membrane Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the amniotic membrane market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Amniotic Membrane Market Include
1. Amniotic Membrane Market Executive Summary
2. Amniotic Membrane Market Segments
3. Amniotic Membrane Market Size And Template Market Growth Rate
4. Key Amniotic Membrane Market Trends
5. Major Amniotic Membrane Market Drivers
……
25. Key Mergers And Acquisitions In The Amniotic Membrane Market
26. Top Amniotic Membrane Companies
27. Amniotic Membrane Market Opportunities And Strategies
28. Amniotic Membrane Market, Conclusions And Recommendations
29. Appendix
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