Global Skin Replacement Market Revenue, Opportunity 2015-2025
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:
Based on material, the global skin replacement market is segmented into:
Based on end use industry, the global skin replacement market is segmented into:
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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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