Market Research Report
Amniotic Membrane - Global Market Outlook (2018-2027)
|Amniotic Membrane - Global Market Outlook (2018-2027)|
Published: March 1, 2020
Stratistics Market Research Consulting
Content info: 170 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Amniotic Membrane Market is accounted for $979.07 million in 2018 and is expected to reach $2650.28 million by 2027 growing at a CAGR of 11.7% during the forecast period. Rise in the geriatric population, increase in technological advancements and surge in awareness to reduce healthcare costs are the major factors propelling the market growth. However, factors such as dearth of skilled professionals are hampering the market growth.
Amniotic membrane is a combination of tissues and cells which helps in wound healing by being as a foundation for re-development of soft tissues. These are most widely used in eye surgery as a biological bandage to heal or replace damaged eye tissue.
Based on the end user, the hospitals segment is going to have a lucrative growth during the forecast period due to common visits by patients and its ability to cater to a varied range of surgical interventions. By geography, North America is going to have a lucrative growth during the forecast period owing to increasing the number of ophthalmic surgeries in the United States due to the geriatric population and presence of well-established healthcare infrastructure.
Some of the key players profiled in the Amniotic Membrane Market include Tissue-Tech Inc. (Amniox Medical Inc.), Skye Biologics Inc., MiMedx Group Inc., Katena Products, Inc. (IOP Ophthalmics), Integra Lifesciences Holdings Corporation (Derma Sciences Inc.), Human Regenerative Technologies, LLC, FzioMed Inc., Applied Biologics LLC, Amnio Technology, LLC and AlliquaBioMedical Inc.
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