IMARC Group, a leading market research company, has recently releases report titled “Amniotic Membrane Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global amniotic membrane market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the amniotic membrane market?
The global amniotic membrane market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2028, exhibiting a growth rate (CAGR) of 9% during 2023-2028.
What is the amniotic membrane?
The amniotic membrane (AM) refers to the innermost layer of the placenta that comprises of an epithelial monolayer, acellular intermediate basement, and an outer mesenchymal cell layer. It surrounds the embryo/fetus and delimits the amniotic cavity, which is filled with amniotic liquid and assists in healing wounds and protecting against infection. Amniotic membranes have various properties, such as anti-inflammatory, anti-bacterial, anti-viral, immunological, anti-angiogenic, proapoptotic, etc. As they interfere with tumor growth by preventing the delivery of nutrients and oxygen to cancer cells, AMs also find various applications in the field of oncology.
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The growing number of corneal surgeries due to their ability to reduce pain, improve the appearance of a diseased or damaged cornea, restore vision, etc., represents one of the key factors driving the amniotic membrane market. AMs also assist in enhancing epithelialization, maintaining epithelial phenotype, reinforcing adhesion of basal epithelial cells, etc.
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Furthermore, AMs are relatively cost-effective as compared to allografts and xenografts and find extensive applications in cosmetic and reconstructive surgeries. Additionally, the increasing investments in research and development (R&D) activities in the field of stem cell and regenerative are also augmenting the market growth.
Besides this, rising placenta donations and the escalating demand for tissue-based products for treating surgical wounds will continue to bolster the amniotic membrane market.
Competitive Landscape With Key Players:
The competitive landscape of the global amniotic membrane market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amnio Technology LLC
- Amniox Medical Inc. (TissueTech Inc.)
- Genesis Biologics
- Human Regenerative Technologies LLC
- Integra LifeSciences Holdings Corporation
- Katena Products Inc.
- MiMedx Group
- Next Biosciences
- Skye Biologics Holdings LLC
- Smith & Nephew plc
- Surgenex LLC
- Ventris Medical LLC
- Wright Medical Group N.V. (Stryker B.V.)
Key Market Segmentation:
The report has segmented the global amniotic membrane market on the basis of product, application, end user and region.
Breakup by Product:
- Cryopreserved Amniotic Membrane
- Lyophilization Amniotic Membrane
Breakup by Application:
- Surgical Wounds
- Ophthalmology
- Others
Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialized Clinics
- Research Centers and Laboratory
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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