Amniotic membrane is the deepest layer of fetal membrane which is extricated from placenta of ladies and reaped to be utilized as a transfer material for reconstructive medical procedure for cases like seriously consumed skin, injury wounds, ongoing injuries and others.
Amniotic membrane is the deepest layer of fetal membrane which is extricated from placenta of ladies and reaped to be utilized as a transfer material for reconstructive medical procedure for cases like seriously consumed skin, injury wounds, ongoing injuries and others. The use of amniotic membrane market in a number of surgeries is projected to boost the growth of this market during the forecast period, 2020 to 2030.
The global amniotic membrane market is classified on the basis of product type, application, end user, and region. In terms of product type, the market is grouped into amniotic suspensions, dehydrated amniotic membranes, and amniotic membranes. With respect to application, the market is categorized into ophthalmology, orthopedics, wound care, and others. As per segmentation by end user, the market is divided into research and academic institutes, specialty clinics, ambulatory surgical centers, and hospitals.
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The report a 360-degree overview of the global amniotic membrane market and lists the key segments generating the largest revenues. It also emphasizes on the impact of the novel COVID19 pandemic on this market and how can manufacturers benefit from this situation. The report further highlights the key trends and innovations recently introduced to the overall market that made major changes. The report also lists the names of players functioning and their key strategies to end up in the top of the market competition.
Amniotic Membrane Market: Nature of Market Competition
Companies are investing heavily on research and development activities to gain an upper hand in the overall market competition. Additionally, players are also indulging in collaborative efforts so as to share both investment and profit and maintain their position in the competition. However, the key objective of all players of this market is to increase the success rates and reduce the percentage of side effects post-surgery.
Some of the key players of the global amniotic membrane market include:
- Human Regenerative Technologies
- NuVision Biotherapies
- Smith & Nephew
- Wright Medical
- Organogenesis Holdings Inc.
- Alliqua BioMedical, Inc.
- Surgenex
- TissueTech
- Skye Biologics Inc.
- LLC
- LifeCell International
- MiMedx
- Osiris Therapeutics, Inc.
- Others
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Amniotic Membrane Market: Notable Developments
- The National Center for Biotechnology Information estimated an estimated 800,000 eye surgeries that are performed annually.
- The American Society of Plastic Surgeons reports an estimated 6.8 million reconstructive and 2.3 million cosmetic surgery procedures.
Amniotic Membrane Market: Drivers
The increasing popularity of various surgeries such as anticancer treatment, cosmetic surgery, and ophthalmic surgery, and others stands as the key factor augmenting the growth of the global market for amniotic membrane. The rising use of amniotic membrane as regenerative medicine will also boost growth. The increasing number of cataract surgeries worldwide will augment growth of the market in the coming years. Additionally, the rising number of coronavirus cases will further propel the growth of this market during the forecast period.
Amniotic Membrane Market: Geographical Segmentation
North America is projected to emerge as the dominant region for the global amniotic membrane market on account of the increasing number of product launches. The rise in geriatric population and their vulnerability towards various diseases are likely to aid in expansion of the market in the coming years. Additionally, the increasing number of company merger and acquisition activities and the rising number of ophthalmology surgeries are likely to help this region generate significant revenues in the coming years. On the other side, the presence of high geriatric population, and the increasing awareness about the increasing applications of amniotic membrane for wound care and orthopedics, among others.
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