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Amniotic Products Market Expected to Achieve 8.9% CAGR by 2029: Growth Forecast Insights
Amniotic Products Market
How Large Will the Amniotic Products Market Size By 2025?
In recent years, the amniotic products market has seen robust growth. The market size is projected to increase from $0.99 billion in 2024 to $1.08 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. The historical growth can be attributed to several factors, including the increasing incidence of burn injuries, surging demand for regenerative medicine, wider acceptance of amniotic products for surgical wound treatment, growing knowledge of the therapeutic potential of amniotic products, and worldwide market expansion.
How Big Is the Amniotic Products Market Size Expected to Grow by 2029?
The size of the amniotic products market is projected to experience significant expansion in the near term, advancing to a value of $1.52 billion in 2029 with a compound annual growth rate of 8.9%. The projected growth for this period can be linked to factors such as the growing patient inclination towards non-invasive treatments, an escalating occurrence of chronic wounds, collaboration and partnerships, influences of COVID-19, an increasing frequency of eye-related conditions, and a rise in healthcare spending. Notable trends for the forecasted period comprise the ongoing development of product technology, substantial potential for growth, regional fluctuations, the repercussions of COVID-19 and an impending worldwide recession, expansion in the target patient demographic, and rising economies.
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Which Key Market Drivers Powering Amniotic Products Market Expansion and Growth?
The amniotic products market is poised for growth, buoyed by the escalating incidents of trauma and accidents. The term trauma describes sudden and severe physical injuries that require immediate medical attention, while accidents cover unintentional harm-inducing events like slips and falls, vehicular mishaps, or sports injuries. Treatment for third-degree burn injuries typically involves a full-thickness skin excision followed by a dressing composed of hyper-dry human amniotic membrane. For instance, Eurostats, the official statistical office of the European Union based in Luxembourg, reported in April 2024 that 20,653 people lost their lives in road tragedies across the EU in 2022, marking a 4% increase from the 19,917 fatalities in 2021. Consequently, the escalating incidents of trauma and accidents are fueling the expansion of the amniotic products market.
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Which Fast-Growing Trends Are Poised to Disrupt the Amniotic Products Market?
The emergence of product innovation is a dominant trend observed in the amniotic products industry. Major firms involved in this market are focusing on the development of innovative products to maintain their market position. As an example, Versea Health Inc., an American life science firm, unveiled the Biovance 3L ocular tri-layer human amniotic membrane in November 2022. Products like Biovance 3L and Biovance 3L Ocular, which are tri-layer human amniotic membrane products, come in disc and sheet formats for use in the surgical and ocular sectors. The allograft Biovance 3L Ocular supplies an extracellular matrix, purposed as a biological membrane cover. The Biovance amniotic membrane aids as a protective layer during the wound healing process and encourages tissue development.
What Are the Emerging Segments in the Amniotic Products Market?
The amniotic products market covered in this report is segmented -
1) By Type: Amniotic Membranes, Amniotic Suspensions
2) By Application: Wound Care, Orthopedics, Ophthalmology, Other Applications
3) By End-Use: Hospitals And Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Amniotic Membranes: Dehydrated Amniotic Membranes, Cryopreserved Amniotic Membranes
2) By Amniotic Suspensions: Liquid Amniotic Suspensions, Lyophilized Amniotic Suspensions
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Who Are the Global Leaders in the Amniotic Products Market?
Major companies operating in the amniotic products market include Stryker Corporation, Smith & Nephew plc, Integra LifeSciences Holdings Corporation, Lucina BioSciences LLC, Bioventus LLC, Organogenesis Inc., MiMedx Group, AlloSource, Orthofix US LLC, ACell Inc., Aziyo Biologics Inc., TissueTech Inc., Amino Technology LLC, LifeCell International Pvt. Ltd., Tissue Regenix Group plc, Aroa Biosurgery Limited, Skye Biologics Inc., Celularity Inc., NuVision Biotherapies Ltd., VIVEX Biologics Inc., Genesis Biologics Inc., Applied Biologics LLC, Next Biosciences, Surgenex LLC
Which are the Top Profitable Regional Markets for the Amniotic Products Industry?
North America was the largest region in the amniotic products market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the amniotic products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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