Global Amniotic Membrane Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s amniotic membrane market report forecasts the amniotic membrane market size to grow to $2.22 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.
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Amniotic Membrane Market Size Forecast
The global amniotic membrane market is expected to grow from $1.49 billion in 2022 to $1.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The amniotic membrane market is expected to grow to $2.22 billion in 2027 at a CAGR of 8.2%.
North America held the largest amniotic membrane market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Amniotic Membrane Market Driver – Rise In The Number Of Transplants
According to the Australian Department of Health and Aged Care, an Australia-based government department responsible for health research, funding, promotion, and regulation, there were 10.81k reported tissue transplant recipients in 2021 from 3k tissue donors, including 2.7k living tissue donors, which was doubled from 2020. As a result, the increasing number of transplants is propelling the amniotic membrane market forward.
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Key Amniotic Membrane Market Trend – Product Innovations
To maintain their market position, major market players are introducing innovative products. For example, Americord Registry, a US-based core blood registry, developed Placental Tissue 2.0TM with the launch of amniotic membrane biobanking, which was a unique amniotic membrane in the industry. This unique membrane allows for the storage of two types of valuable stem cells: mesenchymal stem cells (MSCs) and amniotic epithelial cells (AECs), which provide efficient resources responsible for new treatment opportunities.
Amniotic Membrane Market Segment
1) By Product: Cryopreserved Amniotic Membrane, Lyophilization Amniotic Membrane
2) By Application: Surgical Wounds, Ophthalmology, Other Applications
3) By End-User: Hospitals, Ambulatory Surgical Centers (ASCs), Specialty Clinics, Research and Academic Institutes
Amniotic Membrane Market Major Players and Strategies
Major players in the amniotic membrane market are Amnio Technology LLC, Applied Biologics LLC, FzioMed Inc., Human Regenerative Technologies LLC, Integra Lifesciences Holdings Corporation, Corza Ophthalmology, MiMedx Group Inc., Skye Biologics Inc., Tissue-Tech Inc., Stryker Corporation, Osiris Therapeutics Inc., Organogensis Inc., Derma Sciences, Surgenex, Barraquer Center.
Katena Products Inc., a US-based provider of ophthalmic instruments and biologics, acquired ASICO, LLC for an undisclosed sum in April 2021. This acquisition broadens Katena’s ophthalmic surgical portfolio’s global reach. ASICO, LLC is a company based in the United States that specialises in amniotic membranes.
The Amniotic Membrane Global Market Report 2023 covers regional data on amniotic membrane market size, amniotic membrane market trends and drivers, opportunities, strategies, and amniotic membrane market competitor analysis. The countries covered in the amniotic membrane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The placenta’s deepest layer is the amniotic membrane, which consists of an avascular stromal matrix and a thick foundation membrane. It has a variety of uses in regenerative medicine. It is used as a dressing in a variety of surgical subspecialties to promote wound healing and decrease inflammation.
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