Industry Background:
Amniotic products have been gaining interest in the past decade for the treatment of various orthopedic conditions. However, the use of biologics is varied and is currently available with minimal oversight or regulation. The growing target patient population and the rise in venture capital funding and government investments are the major factors boosting the growth of this market. The presence of a well-established healthcare system and ongoing investments by hospitals to upgrade & expand their operating capabilities are other factors supporting market growth.
According to AMA Research, the market for Amniotic Products is expected to register a CAGR of 8.3% during the forecast period to 2028. This growth is primarily driven by Growing Awareness among the People regarding the Prevalence of Wound Care Treatment and Management
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Unit |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Technology sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as iMedx (United States), Smith & Nephew (United Kingdom), Organogenesis (United States), Integra LifeSciences Corporation (United States), Other players include Stryker Corporation (United States), Wright Medical (Netherlands), Applied Biologics (United States), Celularity (United States), Katena Products (United States), Lucina BioSciences (United States), Next Biosciences (South Africa), Skye Biologics (United States) and Surgenex (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Integra LifeSciences (USA) acquires ACell, Inc, (USA) to expand the company's advanced wound care portfolio., In 2021, Organogenesis Inc. (USA) has launched ReNu, an amniotic membrane suspension, and the company has also been approved by the US Food and Drug Administration (FDA) with a Regenerative Medicine Advanced Therapy Designation for use in osteoarthritis of the knee., In 2021, MiMedx (USA) has been approved by the Japanese Ministry of Health, Labor and Welfare for the commercialization of EPIFIX in Japan. and In Aug. 11, 2020, BioStem Technologies, Inc. announced that its subsidiary, Blue Tech Industries, Inc. (doing business as BioStem Life Sciences), has signed a Master Service Agreement with a new customer to manufacture the customer’s amniotic membrane platform for the next two years.The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Influencing Trend:
Adoption of Advanced Technologies
Market Growth Drivers:
Growing Awareness among the People regarding the Prevalence of Wound Care Treatment and Management and Rising Incidence of Burn Injuries
Challenges:
Complications associated with the Use of Amniotic Membranes
Restraints:
Limitations associated with the Usage of Amniotic Membrane
Opportunities:
Rise in Venture Capital Investment and Government Funding and Growth Potential in Emerging Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Amniotic Products Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Amniotic Products Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Amniotic Products players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Amniotic Products Study Sheds Light on
The Amniotic Products Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Amniotic Products industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Amniotic Products industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.