Skin Replacement Market Growth, Leading Players, Segmentation and Forecast Report 2024

The rising skin disease prevalence, increasing incidence of burns, and growing awareness about appearances are the major drivers of the skin replacement and substitutes market. From $838.0 million in 2018, the market is predicted to grow to $1,202.2 million by 2024, advancing at a 6.3% CAGR during the forecast period (2019–2024). Skin grafts, which are taken from a suitable donor by separating them from the tissue bed and transplanted into the recipient’s affected area, are known as skin replacement substitutes.

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A major driving factor for the skin replacement and substitutes market is the increasing prevalence of dermatological conditions. A 2017 report published by the American Academy of Dermatology mentioned that one in three Americans were suspected to suffer from some dermatological condition that year. The rising prevalence of skin diseases can be attributed to the increasing exposure to X-rays, ultraviolet rays, and infrared waves. Further, the World Health Organization (WHO) reported that about 900 million people in the world are affected by skin diseases, necessitating the use for such products.

The product segment of the skin replacement and substitutes market is categorized into cellular, acellular, and other products. Among these, acellular products amassed the highest revenue during the historical period and are predicted to lead the market in 2024 by contributing 75.9% revenue and registering a 6.8% CAGR during the forecast period. Their application ranges from treating excised and superficial wounds to managing skin issues in the pediatric population.

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The skin replacement and substitutes market has ample opportunities for growth, as research and development in the field of bioengineering are acting as a efficacy booster for these products. As skin taken from one individual of same or another species, when grafted into the other, may trigger an immune response, research is being carried out to develop bio-engineered skin. The skin is developed using scaffolds, which are seeded with skin cells that form the tissue and cover the affected area. Dermagraft, Alloderm, and Transcyte are a few tissue-engineered products which are already available in the market.

Therefore, the market for skin replacement and substitutes is expected to attain high revenues during the forecast period.

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