Press release
Skin Graft Market worth to be US$ 1371.9 Million by 2025 According to New Research by The Insight Partners
The major application areas of skin grafts consist of burns and skin infections. There has been growth in the number of burns and deaths caused due to burns. As per the American Burn Association, during 2016, in United States, there were 3,390 civilian deaths from fire, including 2,800 deaths from residential structure fire, 150 deaths from non-residential structure fire 355 from vehicle fire, and 85 from outside and unclassified fire other than structure or vehicle fire.According to World Health Organization (WHO), the number of deaths due to burns account for 1, 80,000 globally. Majority of burns are reported from countries having low or medium income or in WHO African and South East Asia region. With the rise in number of burn injury, the demand for skin grafts for the purpose of replacing the damaged skin patch has increased during the recent years. As per the statistics of National Burn Repository (NBR), in 2016, around 486,000 burn injuries received medical treatment. Over 60% of the hospitalizations related to burn injuries were admitted to 128 burn centers.
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Leading Key Players Profiled: Smith & Nephew, Mimedex, Tissue Regenix, Integra ifesciences Corporation, Organogenesis, Inc., Zimmer Biomet, Nouvag, De Soutter Medical, Braun Melsungen AG, Avita Medical and others
As there are constant occurrences of injuries caused due to burns in low and medium as well as high revenue countries, the demand for skin grafts are expected to grow in the coming years.
Skin grafts are performed when the injured skin has lost its capability to heal itself, hence its operational procedure is expensive. In case of severe skin restoration, the physician may need to obtain skin from another donor, which may make the procedure more expensive compared to the cost if the skin would be if the skin is obtained from the same person. The total cost of the procedure may reach up to $4000 to $9000, excluding post operational treatment and consultation charges. The total cost of skin grafting is decided based on factors such as, the hospitalization charges, donor's fees, medications, surgeons’ fees, operational charges, post operational charges and consultation fees. The area of wound also determines the cost of the procedure.
Skin grafting procedures are covered under reimbursement policies. Skin grafts are covered under reimbursement policies. Medicare in the US has allotted Healthcare Common Procedure Coding System (HCPS) codes. The cost of skin grafting procedure. As per the Medicare Average Payment, the cost of skin substitute graft manufactured by ACell Inc for a total wound surface area up to 100 sq cm; first 25 sq cm or less wound surface area would be around US$ 485 in outpatient hospitals and around US$ 250 in an ambulatory surgical center.
The high cost of skin grafts in spite of the availability of reimbursement is expected to be a restraining factor for the market in the coming years.
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Skin graft procedures are highly preferred to repair the damaged skin due to infections, burns as well as skin cancer. Many of the countries in North America are being preferred as a destination for medical tourism. Canada has been a drawing increasing number of patients for surgical procedures including the use of skin grafts.
Cosmetic surgery using skin grafts is a major application attracting patients towards hospitals as well as clinics situated in Canada as well as the United States. The presence of various clinics offering skin grafting procedures at an affordable rate has increased. The presence of leading medical centers such as, Cleveland Clinic and Mayo Clinic in the United States have been carrying out surgical procedures with reliable results.
Quality services and high attendance standards of elite medical center Cedars-Sinai Clinic are also demanded among wealthy overseas patients. The rising medical tourism in the emerging nations such as Canada and US is anticipated to provide significant growth opportunities to the players operating in the market during the forecast period.
Type Insights
Global skin graft market, based on the type was segmented into autologous, allogeneic, xenogeneic, prosthetic, and isogeneic. In 2017, the autologous segment held the largest share of the market, by type. In addition, the demand for autologous is also expected to grow at the fastest rate during the coming years since the skin patch from the same donor is generally preferred.
Graft Thickness Insights
Global skin graft market, based on the graft thickness was segmented into split-thickness, full-thickness and composite graft. In 2017, the split thickness segment held the largest share of the market, by graft thickness. In addition, the demand for split- thickness grafts is also expected to grow at the fastest rate during the coming years owing to benefits such as, quick healing time and better protection from infections. .
Equipment Insights
Based on the equipment global skin graft market is segmented into dermatome, general surgical instruments, consumables, and others. In 2017, the dermatome segment held the largest share of the market, by equipment. In addition, the demand for dermatome is also expected to grow at the fastest rate during the coming years, since better skin grafts with uniform thickness are obtained using a dermatome.
Application Insights
Global skin graft market, based on the application was segmented into burns, extensive wound, skin cancer, and others. In 2017, the burns segment held the largest share of the market, by applications. In addition, the demand for skin grafts in treating burns is also expected to grow at the fastest rate during the coming years due to the rise in the number of burn injuries at a global level.
End User Insights
Global skin graft market, based on the end user was segmented into ambulatory surgical centers, hospitals and dermatology clinics. In 2017, the hospitals segment held the largest share of the market, by end users. In addition, the demand for hospitals is also expected to grow at the fastest rate during the coming years as a result of availability of advanced technique for skin grafting techniques.
Strategic Insights
Partnership/acquisition, and product launch & approvals were observed as the most adopted strategy in global skin graft industry. Few of the acquisition, partnership, product launches and approval made by the players in the market are listed below;
2018: The company showcased PuraPly at the Wound Healing Society (SAWC Spring | WHS) meeting which so that the attendees may gain information about the company’s comprehensive wound care portfolio.
2017: The company announced that DermaPure, utilizing patented dCELL Technology was included on the United States Department of Veteran Affairs (VA) Federal Supply Schedule (FSS) through a distribution agreement with ERA Health LLC dba Veteran's Health Medical Supply (VHMS).
2016: Integra LifeSciences Received FDA Approval of Integra Dermal Regeneration Template (IDRT) for the Treatment of Chronic Diabetic Foot Ulcers (DFU). The approval allowed the company to provide the clinicians and their patients with clinically tested products.
SKIN GRAFT – MARKET SEGMENTATION
By Type
• Autologous
• Allogeneic
• Xenogeneic
• Prosthetic
• Isogeneic
By Graft Thickness
• Split-Thickness
• Full-Thickness
• Composite Graft
By Equipment
• Dermatome
• General Surgical Instruments
• Consumables
• Others
By Application
• Burns
• Extensive Wound
• Skin Cancer
• Other
By End User
• Hospitals
• Ambulatory Surgical Centers
• Dermatology Clinics
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Reason to Buy
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Skin Graft Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the Skin Graft Market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: https://www.theinsightpartners.com/
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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