Amniotic Products Industry Is Led by North America

The amniotic products market was USD 810.4 million in 2022, and it will advance at an 8.7% compound annual growth rate, to touch USD 1,451.2 million, by 2030.

The growth of the industry is ascribed to the continuing research to enlarge the application area, utilization of these products for the treatment of eye and skin illnesses, and increasing prevalence of traumatic wounds and injuries because of burns, as well as the rising consciousness about the usage of amniotic products for their treatment.

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In 2022, the membranes category, based on type, accounted for the largest share of the industry, of 80%. This is credited to the superior effectiveness of membranes over suspensions. Moreover, the category will advance at an exponential rate because of the increasing utilization of such membranes for various ophthalmic problems.

In 2022, the surgical wounds category, based on application, accounted for the largest amniotic products market share, of 60%. This is because of the mounting number of ulcers and burn injuries, surging cases of surgical and traumatic wounds, and increasing requirement for new technologies to treat them.

Moreover, a surging number of surgical procedures has been witnessed all over the world due to the rising incidence of infectious and chronic illnesses, which has created rewarding potential for growth in the industry.

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In 2022, the hospital category, based on end users, accounted for the largest share, of 55%. This is because patients often visit hospitals as they are the primary settings for healthcare that make various illnesses easy to treat.

The specialty clinics category is expected to observe a high rate of growth in the years to come. This is attributed to the extensive usage of amniotic membranes in specialty clinics, such as plastic surgery, burn facilities, and dermatology, to stop infections and enhance wound healing.

In 2022, the North American amniotic products industry was the largest contributor, with a 60% share. This is primarily attributed to the existence of well-established healthcare facilities and key industry players. Moreover, the surging focus being given to alternative technologies will further boost the growth of the regional industry.

APAC is likely to witness the fastest growth, with a 9% compound annual growth rate, in the years to come. This can be attributed to the rising disposable income and the economic growth across the nations of the region.

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Moreover, several global companies are making notable findings in this area. Large unmet requirements and rising infrastructure of healthcare, mainly in India and Japan, will further boost the growth of the regional industry.

It is because of the increasing prevalence of traumatic wounds and injuries because of burns and the surging treatment for skin and eye disorders, the amniotic products industry will continue to advance in the years to come.

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This release was published on openPR.