Amniotic Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030
Global Amniotic Products Market: Overview
The report is filled with valuable insights regarding various economic, social, technological, and demographic factors that could influence the global amniotic products market during the forecast period of 2021 to 2031. The research report includes information about key trends and developments in the market and assesses their impact on the growth trajectory of the global amniotic products market. The report includes potential drivers and restraints that can impact growth trajectory of the market during the forecast period of 2021 to 2031. The report presents assessment of various segments in the global amniotic products market as well.
Products in the global amniotic products market are usually used in the domain of medical devices and biotechnology to heal chronic wounds as well as acute wounds, burns, corneal injuries, orthopaedic applications, and ulcers. They are also used in cosmetic surgery, however, their use in cosmetic surgeries is not as of yet too extensive. Products in the global amniotic products market are used in medicine and healthcare industries due to their tissue growth and regenerative properties. They can also be used in cases of joint inflammation and facilitate excellent healing at a rapid pace.
Global Amniotic Products Market: Major Trends and Drivers
The global amniotic products market is majorly driven by factors such as rapid rise in the number of target patient population, increasing awareness through initiatives and programs for wound care, management, and treatment, and increasing instances of burn injuries. Furthermore, increase in the venture capital funding as well as government investments are also driving the growth in global amniotic products market. Moreover, implementation of 21st century Cures act as well as developing economies are expected to provide various lucrative growth opportunities for the players in global amniotic products market in near future.
However, limitations as well as complications associated with the usage of amniotic membranes may pose a challenge to the growth of the global amniotic products market in coming years. Wound care was amongst the largest application segments in the global amniotic products market in recent past owing to increasing prevalence of diabetic foot ulcers, burn injuries, venous leg ulcers, and traumatic as well as surgical wounds. Key end users for the products in global amniotic products market include clinics, ambulatory surgical centres, and hospitals.
Global Amniotic Products Market: Key Players and Manufacturers
Some of the major incumbent players operating within the global amniotic products market include Smith Nephew, Integra Lifesciences Corporation, Wright Medical, Celularity, Lucina BioSciences, Skye Biologics, TissueTech, StimLabs, LifeCell International, Genesis Biologics, MiMedx, Organogenesis, Stryker Corporation, Applied Biologics, Katena Products, Next Biosciences, Surgenex, Ventris Medical, VIVIX Biologics, and NuVision Biotherapies, among others. One of the most prominent and leading players in the global amniotic products market is MiMedx. They provide a huge range of products in medical devices domain, applications including but not limited to, wound care, surgical tools, spine, ophthalmic, dental, burn, orthopaedic, and sports medicine.
Smith Nephew, in 2019, acquired Osiris Therapeutics. This acquisition is intended to complement the companys advanced wound management wing through offering regenerative medicinal products such as skin and bone grafts as well as articular cartilage.
Global Amniotic Products Market: Regional Assessment
North America region dominated the global amniotic products market in recent past owing to rising prevalence of target diseases, increase in the awareness regarding advanced cut treatment solutions, strong presence of well-trenched players in the region, and increase in the geriatric population in the region. Moreover, well-established and technologically advanced healthcare and medical infrastructure in the region is also conducive for the betterment of the global amniotic products market in North America.
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