Market Overview:
According to our new market research study titled “Amniotic Membrane Market – Global Analysis and Forecast – by Enzyme, Application, and End User,” the market is expected to reach US$ 2,577.74 million by 2027 from US$ 1,484.83 million in 2019; it is estimated to grow at a CAGR of 7.3% during 2020–2027. The report highlights the trends prevalent in the global amniotic membrane market, and the drivers and deterrents pertaining to its growth. The market growth is mainly attributed to the factors such as growing applications of amniotic membrane and rising number of target patient population. However, the challenges in using amniotic membranes is expected to hinder the market growth.
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Based on enzyme, the amniotic membrane market is categorized into cryopreserved amniotic membrane and dehydrated amniotic membrane. In 2019, the cryopreserved amniotic membrane segment held a larger share of the market. The growth of this segment is attributed to the factors such as its wide usage as a graft or dressing in surgical procedures, it can be stored for a longer period, and extensive product offerings by companies in the market. Additionally, according to a study “Biological Differences between Cryopreserved and Dehydrated Amniotic Membrane Tissue Grafts” the cryopreservation process better conserves the structural integrity and biochemistry of amniotic membrane tissue grafts compared to dehydrated grafts. Thus, the advantage of cryopreserved amniotic membrane over dehydrated amniotic membrane is expected to influence market growth during the forecast period.
The report segments the global amniotic membrane market as follows:
By Enzyme
- Cryopreserved Amniotic Membrane
- Dehydrated Amniotic Membrane
· By Application
- Surgical Wounds
- Ophthalmology
- Others
· By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Research Institute and Academic Institutes
· By Geography
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific (APAC)
- Japan
- China
- India
- Australia
- South Korea
- Middle East and Africa (MEA)
- South Africa
- UAE
- Saudi Arabia
- South and Central America (SCAM)
- Brazil
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Market leaders operating in the market have undertaken various organic and inorganic growth strategies in the amniotic membrane market. The amniotic membrane market majorly consists of the players such as Applied Biologics LLC; Integra Life Sciences Corporation; Skye Biologics Inc.; MiMedx; Organogenesis Inc.; Smith & Nephew; Amniox Medical, Inc.; Katena Products. Inc.; Amnio Technology, LLC, and Surgenex, LLC among others.
On the other hand, the dehydrated amniotic membrane is expected to be the fastest-growing segment. The growth of the market is expected due to stable shelf life, and presence of active biological components that are required for medical uses. Additionally, a dehydrated amniotic membrane is used treat a no healing defect on the ocular surface, such as a neurotrophic corneal ulcer.
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