The amniotic products market was valued at $720 million in 2021 and it is anticipated to reach $1,680 million by 2031 at a CAGR of 8.8% during the forecast period (2022-2031).
Global amniotic products report from Global Insight Services is the single authoritative source of intelligence on amniotic products market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Market Players of Global Amniotic Products Market
The key players in the global amniotic products market is MiMedx, Smith & Nephew, Organogenesis Inc., Integra LifeSciences, Stryker, Applied Biologics, Celularity, Inc., Katena Products, Inc., Lucina BioSciences, Next Biosciences, Skye Biologics Holdings, LLC, Surgenex, TissueTech, Inc., Ventris Medical, LLC, StimLabs LLC, VIVEX Biologics, Inc., LifeCell International Pvt. Ltd., NuVision Biotherapies Ltd., Genesis Biologics, Surgilogix, Tides Medical, Orthofix Medical Inc., AlloSource, Merakris Therapeutics, and MTF Biologics among others.
Market Segmental Analysis
The amniotic products market is segmented into type, application, and end user.
Global Amniotic Products Market by Type
The various types of amniotic products comprised in the global amniotic products market are amniotic membranes and amniotic suspensions. The amniotic membrane segment is also sub-segmented into cryopreserved amniotic membranes and dehydrated amniotic membranes.
The amniotic membrane segment is likely to dominate the market. The key factors such as more effectiveness with compare to amniotic suspension is likely to propel the market growth.
Global Amniotic Products Market by Application
By application, the global amniotic product market is segmented into wound care, orthopedics, ophthalmology, and others.
The wound care segment is likely to dominate the market. The key factors such as the growing incidence of ulcers, traumatic and surgical wounds, and burns and the need for advanced technologies for the treatment is likely to boost the growth of the market.
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Market Drivers
Growing incidence of burn injuries
The high incidence of the burn wound is likely to boost the growth of the market during the forecast period. According to WHO, an estimated 180,000 deaths every year are caused by burns-the high majority occur in low and middle-income economies. In India, over 1,000,000 people are moderately or severely burnt per year. Nearly 173,000 Bangladeshi children are moderately or severely burnt every year. Also, in Bangladesh, Colombia, Egypt, and Pakistan, 17% of children with burns have a temporary disability and 18% have a permanent disability.
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