USD 3.42 Billion
Global Amniotic Membrane Market Size, Share, Growth Analysis, By Product(Cryopreserved, and Dehydrated), By Application(Surgical Wounds, Ophthalmology) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2086 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
62 |
Figures:
75
Global Amniotic Membrane Market Insights
Global Amniotic Membrane Market size was valued at USD 3.42 Billion in 2022 and is poised to grow from USD 3.90 Billion in 2023 to USD 11.12 Billion by 2031, at a CAGR of 14% during the forecast period (2024-2031).
The purpose of the amniotic membrane market is to provide effective solutions for wound healing, tissue regeneration, and ocular disorders. The amniotic membrane can be used as a biological scaffold or dressing in the treatment of chronic wounds, such as diabetic foot ulcers and venous leg ulcers. The major driving factors for the market is the increasing prevalence of chronic wounds and ocular disorders. The rising incidence of conditions like diabetes and age-related macular degeneration has created a significant demand for advanced wound care and ophthalmic treatments. There are certain restraining factors that impact the growth of the amniotic membrane market. Regulatory complexities and ethical considerations surrounding the use of human-derived tissues pose challenges in some regions. The market also faces challenges in terms of product standardization and quality control.
Maintaining the integrity and viability of the amniotic membrane throughout the manufacturing and distribution processes is crucial for its therapeutic efficacy. The global amniotic membrane market serves the purpose of providing effective wound healing and ocular treatment solutions. The market is driven by the rising prevalence of chronic wounds and ocular disorders. However, regulatory complexities, high costs, and quality control challenges pose restraints. Nonetheless, advancements in technology and a growing emphasis on regenerative medicine offer opportunities for market growth and expansion.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Cryopreserved
Fastest Growth
Cryopreserved
Growth Rate
14% CAGR
Global Amniotic Membrane Market ($ Bn)
Country Share for North America Region (%)
Global Amniotic membrane Market Size By Product ($ Bn)
Global Amniotic membrane Market Size By Product (%)
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Global Amniotic Membrane Market Segmental Analysis
The global amniotic membrane market is segmented on the product, application, and region. Based on product, the market is segmented into cryopreserved, and dehydrated. In terms of application, the market is segmented into surgical wounds, ophthalmology, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Amniotic Membrane Market Analysis by Product
In 2022, the cryopreserved amniotic membrane held the largest revenue share of over 58.5% primarily due to its high effectiveness and global adoption rates. This type of amniotic membrane is preserved by storing it in a cell culture medium containing 50% glycerol at a temperature of -80 °C. The cryopreserved amniotic membrane maintains its histological and biological properties, making it well-preserved and suitable for various applications.In visual surgeries, cryopreserved amniotic membranes are widely used to reduce eye inflammation and enhance recovery. By utilizing these membranes, surgeons can effectively promote healing, resulting in improved outcomes for patients. As a result, the cryopreserved amniotic membrane segment is expected to experience significant growth during the forecast period.
Dehydrated amniotic membranes are commonly utilized in the treatment of surgical wounds, reconstruction procedures, and venous and pressure leg ulcers. These membranes serve as biological bandages that facilitate healing processes. Dehydrated amniotic membranes are particularly valuable in managing surgical wounds and incisions due to their ability to maintain a watertight seal, inhibit inflammatory responses, and prevent disease transmission. The increasing utilization of dehydrated membranes in various medical procedures is expected to drive the growth of this segment in the market.
Global Amniotic Membrane Market Analysis by Application
The amniotic membrane is extensively used in the management of surgical wounds. It aids in promoting faster healing, reducing scarring, and minimizing the risk of infections. In surgical procedures, such as plastic and reconstructive surgeries, the amniotic membrane acts as a biological dressing, providing a protective barrier and creating an optimal environment for tissue regeneration. It enables epithelialization and accelerates wound closure, resulting in improved outcomes for patients. The use of amniotic membranes in surgical wounds has gained popularity due to their effectiveness and ability to enhance the healing process.
In the field of ophthalmology, the amniotic membrane has shown remarkable applications. It is used in various ocular surface disorders, such as corneal defects, conjunctivochalasis, and dry eye syndrome. The amniotic membrane acts as a graft or patch to aid in corneal wound healing, reduce inflammation, and improve visual outcomes. It provides a scaffold for the regeneration of corneal epithelial cells and promotes tissue repair. Additionally, amniotic membranes are used in ocular surface reconstruction surgeries and in the treatment of conditions like pterygium and chemical burns. The use of amniotic membranes in ophthalmology has revolutionized the treatment of ocular disorders, offering better patient outcomes and enhanced recovery.
Global Amniotic membrane Market Size By Product, 2023 (%)
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Global Amniotic Membrane Market Regional Insights
North America dominated the global amniotic membrane market in 2022 and is further projected to continue so during the forecast period. The region has a well-established healthcare infrastructure, favorable reimbursement policies, and a high adoption rate of advanced medical technologies. Additionally, the presence of key market players and ongoing research and development activities contribute to the market's dominance in this region. The United States, in particular, holds a significant share due to the increasing prevalence of chronic wounds, growing awareness about regenerative medicine, and the presence of a large patient pool.
Asia Pacific is the fastest-growing region in the global amniotic membrane market. The region exhibits significant market potential due to the large population base, increasing healthcare expenditure, and a rising prevalence of chronic wounds and ocular disorders. Moreover, advancements in healthcare infrastructure, growing medical tourism, and increasing awareness about the benefits of regenerative medicine contribute to the market's rapid growth in this region. Countries such as China, India, and Japan are driving the growth in the Asia Pacific region, with a focus on expanding healthcare access and improving treatment outcomes.
Global Amniotic membrane Market Size By Region, 2024-2031
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- Fastest
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Global Amniotic Membrane Market Dynamics
Global Amniotic Membrane Market Drivers
Increasing Prevalence of Chronic Wounds
- The growing incidence of chronic wounds, such as diabetic foot ulcers and venous leg ulcers, is a significant driver for the amniotic membrane market. These conditions require effective wound healing solutions, and amniotic membranes have shown promising results in promoting healing and tissue regeneration.
Advancements in Regenerative Medicine
- The field of regenerative medicine, which focuses on harnessing the body's own healing capabilities, has witnessed significant advancements. Amniotic membranes play a crucial role in this field, as they provide a natural and biocompatible scaffold for tissue repair and regeneration. The continuous progress in regenerative medicine drives the demand for amniotic membrane-based therapies.
Global Amniotic Membrane Market Restraints
Regulatory Challenges and Ethical Considerations
- The use of human-derived tissues, such as amniotic membranes, raises regulatory complexities and ethical concerns in some regions. Strict regulations regarding tissue procurement, processing, and safety can pose challenges for market players, limiting their ability to provide products in certain jurisdictions.
Cost Factors
- The high cost associated with the procurement, processing, and storage of amniotic membranes can be a restraint in the market. The expenses involved in maintaining quality standards, conducting clinical trials, and ensuring product safety contribute to the overall cost, making these therapies less accessible, especially in regions with limited healthcare resources.
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Global Amniotic Membrane Market Competitive Landscape
The global amniotic membrane market is characterized by the presence of several key players, including manufacturers, suppliers, and research organizations. These companies strive to gain a competitive edge by offering innovative products, expanding their geographical presence, and establishing strategic collaborations. The competitive landscape of the global amniotic membrane market is dynamic and characterized by intense competition. Key market players employ strategies such as product innovation, collaborations, and geographical expansion to maintain their market position and capitalize on the growing demand for advanced wound care and regenerative medicine solutions.
Top Player’s Company Profiles in Global Amniotic Membrane Market
- MiMedx Group, Inc. (US)
- TissueTech, Inc. (US)
- Skye Biologics, Inc. (US)
- Alliqua BioMedical, Inc. (US)
- Amnio Technology, LLC (US)
- Katena Products, Inc. (US)
- Applied Biologics LLC (US)
- Amniox Medical, Inc. (US)
- Derma Sciences, Inc. (US)
- Organogenesis Holdings Inc. (US)
- Smith & Nephew plc (UK)
- Integra LifeSciences Corporation (US)
- Osiris Therapeutics, Inc. (US)
- AmnioLife Corporation (US)
- Human Regenerative Technologies, LLC (US)
- AlloSource (US)
- LifeCell International Pvt. Ltd. (India)
- Amnion Life (US)
- Surgenex (US)
- NuVision Biotherapies Ltd. (UK)
Global Amniotic Membrane Market Recent Developments
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In March 2023, Nottingham-based health tech company NuVision scooped £1.1m in funding for its wound dressing and contact lenses that use the inner layer of the placenta to heal eye injuries.
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In November 2022, Verséa Ophthalmics launched several products including a hybrid next-generation amniotic membrane, called the Biovance, which is a three-layer membrane that consists of three layers of amnion.
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In January 2022, TissueTech, a leading company in regenerative medicine, announced the acquisition of Amniox Medical, a pioneer in developing human birth tissue-based products. The acquisition aimed to strengthen TissueTech's position in the amniotic membrane market and expand its product portfolio.
Global Amniotic Membrane Key Market Trends
- Expansion of Indications: Amniotic membranes were initially used in wound healing applications. However, there is a growing trend of exploring their potential in other therapeutic areas, such as ophthalmology, orthopedics, and dental applications. Researchers and companies are exploring new indications and expanding the scope of amniotic membrane-based therapies.
- Development of Advanced Processing Techniques: The market is witnessing the development of advanced processing techniques to enhance the properties and efficacy of amniotic membrane products. These techniques aim to preserve the bioactive components and enhance the structural integrity of the membrane, leading to improved therapeutic outcomes.
Global Amniotic Membrane Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global amniotic membrane market, the primary driving factors include the increasing prevalence of chronic wounds, such as diabetic foot ulcers and venous leg ulcers, worldwide. These wounds pose a significant healthcare burden and require effective treatment options for proper healing. The market faces certain restraints that need to be addressed. Regulatory challenges and ethical considerations associated with the use of human-derived tissues, including amniotic membranes, pose challenges for market players. Strict regulations regarding tissue procurement, processing, and safety can impact the availability and commercialization of amniotic membrane products in certain regions. The amniotic membrane market presents significant opportunities for growth.
The global amniotic membrane market is driven by the rising prevalence of chronic wounds, advancements in regenerative medicine, and increasing awareness among healthcare professionals. regulatory challenges, ethical considerations, and cost factors pose restraints to market growth. Key trends include the exploration of new indications and the development of advanced processing techniques. As research and development efforts continue, the market is expected to witness significant growth, providing innovative solutions for wound healing and tissue regeneration.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.42 Billion |
| Market size value in 2031 | USD 11.12 Billion |
| Growth Rate | 14% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Amniotic Membrane Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Amniotic Membrane Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Amniotic Membrane Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Amniotic Membrane Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Amniotic Membrane Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Amniotic Membrane Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Amniotic Membrane Market Report Snapshots
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