Press release
Amniotic Membrane Market Growth Drivers, Key Trends, Size, Share Analysis And Forecast To 2033
Amniotic Membrane Market
The amniotic membrane market size is expected to see strong growth in the next few years. It will grow to $2.53 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to expanding applications, regenerative medicine growth, rising prevalence of chronic diseases, aging population demographics, clinical trials and research. Major trends in the forecast period include patient-centric healthcare, focus on anti-inflammatory effects, clinical validation and research, biological dressing innovations, customized and personalized treatments.
Market Overview -
The amniotic membrane is the placenta's deepest layer, consisting of an avascular stromal matrix and a thick foundation membrane. It has several applications in regenerative medicine. It is used as a dressing in different surgical subspecialties to promote wound healing and reduce inflammation.
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Surge In Transplants Drives Growth In The Amniotic Membrane Market
The rise in the number of transplants is expected to propel the growth of the amniotic membrane market going forward. Transplantation is a surgical operation that involves the transfer of tissue or an organ from one person (the donor) to another. Amniotic membrane is used in transplants for surgical procedures. For instance, in 2021, according to the Australian Department of Health and Aged Care, an Australia-based department of the government responsible for health research, funding, promotion, and regulation, stated that there were 10.81k reported tissue transplant recipients from 3k tissue donors, including 2.7k living tissue donors which were doubled compared to 2020. Therefore, the rise in the number of transplants is driving the growth of the amniotic membrane market.
Competitive Landscape -
Major companies operating in the amniotic membrane market report are Alliqua BioMedical Inc., Amnio Technology LLC, Applied Biologics LLC, Human Regenerative Technologies LLC, Rivela DermaScience, Katena Products Inc., MiMedx Group Inc., Skye Biologics Inc., Amniox Medical Inc., Integra LifeSciences Co., Organogenesis Holdings Inc., Bio-Tissue Inc., Stryker Corporation, Osiris Therapeutics Inc., Sandlot Medical LLC, FzioMed Inc., Tissue-Tech Inc., DermaSciences Inc., Laboratoire CCD, VIVEX Biologics Inc., Merakris Therapeutics Inc., Thea Pharma Inc., Centauri Therapeutics Inc., Celularity Inc., IOP Ophthalmics, John Bean Technologies Corporation, Air T Inc., Mallaghan Engineering Ltd., Bharat Earth Movers Limited, Cavotec SA, Textron Inc., Vestergaard Company
Product Innovations Transforming The Amniotic Membrane Market
Major companies operating in the amniotic membrane market are developing new surgical wounds to gain a competitive edge in the market. Surgical wounds refer to incisions or injuries made intentionally during a surgical procedure. For instance, in September 2022, MiMedx Group Inc., a Georgia-based biomedical company, launched AMNIOEFFECT, a tri-layer PURION processed human tissue allograft designed for surgical procedures. It supports the healing cascade by aiding the development of granulation tissue. The tissue provides a biocompatible human extracellular matrix (ECM) and retains more than 300 regulatory proteins. Comprising the amnion, intermediate, and chorion membrane layers of the placenta, AMNIOEFFECT enhances the company's Surgical Recovery product portfolio. It offers superior handling characteristics and allows surgeons to secure tissue in place with sutures for addressing surgical wounds.
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Key Segments -
The amniotic membrane market covered in this report is segmented -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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