USD 3.90 Billion
Report ID:
SQMIG35H2086 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
62
|Figures:
75
Amniotic Membrane Market size was valued at USD 3.9 Billion in 2023 and is poised to grow from USD 4.45 Billion in 2024 to USD 12.68 Billion by 2032, growing at a CAGR of 14% during the forecast period (2025-2032).
The amniotic membrane (AM) is a thin membranous structure surrounding the embryo on the fetal side of placenta. The growing population of patients with ophthalmology diseases, orthopedic diseases, and surgeries are increasing the popularity of amniotic membranes among physicians to prefer amniotic membranes. Therefore, it opens doors for different manufacturers to provide innovative amniotic membrane products allowing the surgeons to perform these surgeries in a more efficient way.
Increasing need for tissue-based products during ophthalmic surgeries as they help patients recover faster is also expected to go a long way in driving the amniotic membrane market growth. Furthermore, increasing demand for aesthetic surgical procedures is expected to propel the market players during the forecast period. Technology in amniotic membrane has evolved with the advancements in cryopreservation techniques, bioengineering and tissue engineering, biocompatible scaffolds harvesting amniotic fluid-derived products, topical formulations. Improved tissue repair, regeneration and regenerative modulation are created by these innovations.
Global Market Size
USD 3.90 Billion
Largest Segment
Cryopreserved
Fastest Growth
Dehydrated
Growth Rate
14% CAGR
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The amniotic membrane market is segmented on the product, application, and region. Based on product, the market is segmented into cryopreserved, and dehydrated. In terms of application, the market is segmented into surgical wounds, ophthalmology, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Amniotic Membrane Market Analysis by Application
In 2023, the others segment accounted for largest amniotic membrane market share in terms of demand revenue. Amniotic membrane-based products can be segmented into dermatology, dentistry and gynecology. In dermatology, it is used to heal burns and chronic ulcers, regenerate healing in skin graft sites. Amniotic membranes promote healing and reduce inflammation in dentistry, other oral tissues, tendons, ligaments, joints and injuries. In gynecology, PLGA-based devices can be used for vaginal atrophy treatment as well as biological barrier in pelvic surgeries. The versatility in its application is helped by the Properties including, anti-inflammatory property, antimicrobial property, and tissue repairing potential of the amniotic membrane.
Ophthalmology segment is expected to grow at the fastest CAGR during the forecast period Corneal ulcers, persistent epithelial defects, and chemical burns of the ocular surface have been treated with amniotic membranes. Known for their anti-inflammatory, anti-scarring and regenerative effects, these properties help to accelerate healing and minimize the potential of infection and scar formation. They are also utilized within pterygium surgery and conjunctival reconstruction. The increasing demand for amniotic membranes in ophthalmology is attributed to the benefits of these tissues to improve patient outcomes, restore vision and maintain eye health making them an indispensable component of advanced ophthalmic care.
Amniotic Membrane Market Analysis by End User
According to amniotic membrane market analysis, in 2023 hospitals held the largest revenue share among all segmentation while dominating the market. Chronic wounds, corneal defects, and reconstructive surgeries benefit from the regenerative, anti-inflammatory, and anti-scarring properties of membranes for hospitals. Demand in hospitals, as well as the requirement for advanced and improved treatment options and favorable outcomes by patients and hospital management are also massively contributing to the amniotic membrane market growth in healthcare sector.
Based on end-use, the ambulatory surgical centers (ASCs) segment is expected to be the fastest-growing CAGR throughout the forecast period. Amniotic membranes are regularly used in outpatient practices at ASCs as they have regenerative and anti-inflammatory properties that can promote healing and reduce complications. These are used in applications such as pterygium excision and small wound care procedures. ASCs serve as environments in which to utilize amniotic membranes for a far more efficient, economical, and rapid result due to the constant demand for next-generation, minimally invasive regimens that enhance clinical results while minimizing recuperation periods.
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In 2023, the overall global market for amniotic membrane was dominated by North America and generated the largest amniotic membrane market share across all regions. The growth in this region is primarily due to established healthcare infrastructure and leading players operating in the field. High availability of regenerative medicine and rising adoption of novel technologies is a major driver to bolster the amniotic membrane market growth across this region. Several key developments that support the use of amniotic membranes for ocular and wound healing treatments have helped continue this development. Moreover, supportive regulatory frameworks and ongoing investments into research & development bolster the market outlook for this segment over the forecast period.
Asia Pacific amniotic membrane market is expected to be growing with fastest growth over the forecast period. For the upcoming period, Asia Pacific market is expected to hold a leading position. In addition, the growing number of trained professionals, along with developing healthcare facilities is expected to fuel the market growth throughout the forecast period. Moreover, high awareness towards the benefits of amniotic membranes is expected to stimulate amniotic membrane market growth. Economic development is taking place in most of these regional countries with disposable incomes slowly increasing. As a result, many multinationals have been heavily investing in their territory.
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Amniotic Membrane Market Drivers
Growing Number of Reported Cases of Accidents
Increase in the Cases of Chronic and Acute Diseases
Amniotic Membrane Market Restraints
Expensive Amniotic Membrane Products
Unfavorable Regulatory and Reimbursement Policies
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The amniotic membrane market also has a high level of amniotic membrane industry concentration with few key market players. Rising applications in wound healing, ophthalmology and regenerative medicine are projected to drive the market. Regulatory frameworks also aid innovation by providing stringent standards, encouraging companies to derive new and innovative treatment options. Of course, regulations can inflate the cost and time of development, but they are imperative as they ultimately signal market credibility and growth. The dynamic nature of the amniotic membrane industry, along with a propensity for research and development, lead to increased mergers & acquisitions placed in the sector. M&A transactions allow companies to innovate their products and offer solutions that are more suited to the new era of healthcare professionals.
Top Player’s Company Profiles in Amniotic Membrane Market
Amniotic Membrane Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, amniotic membrane market growth will keep increasing over the projected timespan owing to rising accidents and trauma cases coupled with increasing stem cell biology research. In wound healing and surgical applications, amniotic membrane is employed to mitigate inflammation and scarring. The global market is driven by advances in regenerative medicine and increasing number of membrane transplants. Market expansion is driven mainly by leading players launching new products. Healthcare providers, drug manufacturers and other companies need to respond to their customers by investing in new technological process improvements that provide better products. Additionally, their attention is directed toward enabling clinical trials to obtain legitimate product branding for global scale expansion.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.90 Billion |
Market size value in 2031 | USD 11.12 Billion |
Growth Rate | 14% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Amniotic Membrane Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Amniotic Membrane Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Amniotic Membrane Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Amniotic Membrane Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG35H2086
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