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Global Amniotic Products Market Outlook, 2020-2025 - Cryopreserved Amniotic Membranes and Wound Care Applications Present Lucrative Opportunities | ||
By: PR Newswire Association LLC. - 28 May 2020 | Back to overview list |
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DUBLIN, May 28, 2020 /PRNewswire/ -- The "Amniotic Products Market by Type [Amniotic Membranes (Cryopreserved Amniotic Membranes, Dehydrated Amniotic Membranes), Amniotic Suspensions], Application (Wound Care, Ophthalmology, Orthopedics), End User (Hospital, ASCs) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global amniotic products market is projected to reach USD 1,095.3 million by 2025 from USD 748.2 million in 2020, at a CAGR of 7.9%. Growth in the target patient population and awareness programs for wound care treatment and management are expected to drive the overall growth of the amniotic products market. Market growth is largely driven by factors such as growth in the target patient population, the rising incidence of burn injuries, awareness programs for wound care treatment and management, and the rise in venture capital funding and government investments. The emerging economies and the implementation of the 21st Century Cures Act are expected to provide a wide range of growth opportunities for players in the market. On the other hand, the complications and limitations associated with the use of amniotic membranes are expected to challenge market growth to a certain extent. The cryopreserved amniotic membranes segment is expected to dominate the market during the forecast period. On the basis of type, amniotic membranes are categorized into cryopreserved amniotic membranes and dehydrated amniotic membranes. Both membrane types come in a variety of tissue thicknesses and sizes, depending on clinical needs. Cryopreserved amniotic membranes commanded the largest share of the global amniotic membranes market in 2019. The cryopreservation technique retains extracellular matrix components, such as growth factors, collagen, heavy-chain hyaluronic acids, and fibronectin, all of which promote anti-inflammatory effects and healing. These characteristics of cryopreserved amniotic membranes drive market growth. Wound care application segment to witness the highest growth in the amniotic products market during the forecast period. Based on application, the amniotic products market is categorized into wound care, ophthalmology, orthopedics, and other applications. Wound care was the largest application segment in the amniotic products market in 2019 and is expected to grow at the highest CAGR during the forecast period. Growth in this market is largely driven by the rising prevalence of diabetic foot ulcers, venous leg ulcers, surgical & traumatic wounds, and burn injuries. North America to dominate the market during the forecast period. Geographically, the amniotic products market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2019, North America accounted for the largest share of the amniotic products market. The large share of this region can be attributed to the increasing geriatric population, the strong presence of key market players of amniotic products, the high prevalence of target diseases, and rising awareness about advanced treatment options. Key Topics Covered 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Amniotic Products Market, by Type 7 Amniotic Products Market, by Application 8 Amniotic Products Market, by Region 9 Competitive Landscape 10 Company Profiles For more information about this report visit https://www.researchandmarkets.com/r/bs9wgc Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets SOURCE Research and Markets |
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Copyright 2020 PR Newswire Association LLC. | Back to overview list |