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Global Skin Replacement Market Revenue, Opportunity 2015-2025

03-15-2018 07:05 AM CET | Health & Medicine

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
Global Skin Replacement Market Revenue, Opportunity 2015-2025

Skin is the largest organ in human body which is highly dynamic in nature. It is composed of two layers, the outer layer called epidermis and the inner layer called dermis. Its network of nerves, blood vessels and cells thus acting as a protective armor. It serves the body in diverse ways. Its of paramount importance owning to its protective functionality. The skin’s protective function creates a barrier for internal organs and tissues from toxins, disease-carrying microbes, heat and cold and other dangers present in the environment. It also plays a significant role in regulating the body temperature and preserving body’s fluid balance. Nerves within skin sense the presence of potentially harmful agents, such as bees, and immune cells in the skin help to fight against these malicious agents. For the aforementioned reasons, the loss of skin due to burns or trauma can cause a severe blow to the human body; leading to impairment or sometimes elimination of many vital functions which it typically performs.

John F. Burke invented the first synthetic skin, at the Massachusetts Institute of Technology in Cambridge, Massachusetts. Artificial skin considered to be the Holy Grail in treating burn victims for more than hundred years till a flexible material was found. It protects against dehydration and infection, easy to produce from ordinary substance and is completely acceptable by the victim’s immune system. The artificial skin can be easily sterilized and usually stored at room temperature. Skin replacement represents a prospective source of advanced therapy in combating acute and chronic skin wounds. With the capability of large scale production and immediate availability for grafting, its potential for use is easy and relatively economic among the burn patients.

Skin Replacement Market: Drivers & Restraints

Much progress has been made toward the development of artificial skin replacement products. Continued research promises to bring more products to the marketplace, and each new product seems to develop a niche in the field of skin replacement. Increased life expectancy, increasing disposable income and favorable demographics are some of the key factors driving the growth of the global skin replacement market.

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Bioengineered skin replacements are continually being developed and improved. The next generation of skin replacements will probably evolve from lessons learned from our understanding of wound repair and regeneration. Competition from low-cost substitutes, lack of clinical support are probable factors restraining the growth of the global skin replacement market.

Skin Replacement Market: Region-wise Outlook

Skin replacement market is still in its early stage of maturity. The global skin replacement market is expected to register an optimistic CAGR for the forecast period. Depending on geographic regions, global skin replacement market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

Skin Replacement Market: Key Players

Some of the key market participants in global skin replacement market are Cellular Dynamics International, Cynata Therapeutics Limited, Platelet BioGenesis, Tengion, TissueGene, Inc.The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types

Skin Replacement Market: Segmentation

The global skin replacement market is broadly classified on the basis of product type, material, end-use industry and geographies.

Based on product type, the global skin replacement market is segmented into:

Epicel

Integra

Based on material, the global skin replacement market is segmented into:

Spider silk

Collagen

Based on end use industry, the global skin replacement market is segmented into:

Chemical

Cosmetic

Pharmaceutical

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Skin Replacement Market: Overview

Though skin replacement is a new technology for emerging economies, but in the developed nations the same technology is in use for few decades. With increasing disposable income and rising urbanization the acceptance of skin replacements is gaining popularity. The global skin replacement market is expected to expand at a promising CAGR during the forecast period (2015-2025).

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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