Industry Background:
The amniotic membrane is defined as the innermost layer of the placenta with a thickness of 0.02-0.05 mm. It is used in two categories namely the management of wounds as well as a biological bandage for the treatment. It is widely used in the treatment of various diseases such as eye surface disorders, corneal degeneration, ocular dystrophy, eyelid reconstruction, bacterial keratitis, corneal ulcers, cataract, glaucoma, bullous keratopathy, among others. Demand for amniotic membrane has increased, due to the rising number of non-communicable diseases patients. For instance, 1n 2018, as per an article published by the World Health Organization (WHO), non-communicable diseases, such as Cardiovascular Diseases chronic respiratory diseases, diabetes, as well as cancer together account for more than 86% of deaths and also it is found that more than 77% of the disease burden in the European region. Therefore, increasing the prevalence of chronic diseases will affect the growth of the market in the future.
According to AMA Research, the market for Amniotic Membrane is expected to register a CAGR of 9.9% during the forecast period to 2028. This growth is primarily driven by Growing Research and Development Investments in the Field Of Stem Cell & Regenerative Medicine
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | M Units |
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 Facilities sector in the Asia Pacific 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 FzioMed, Inc. (United States), Skye Biologics Inc. (United States), IOP Ophthalmics (United States), Amniox Medical, Inc. (United States), Amnio Technology, LLC (United States), Applied Biologics LLC (United States), Alliqua BioMedical, Inc. (United States), Human Regenerative Technologies LLC (United States), Derma Sciences Inc. (United States) and MiMedx Group, Inc. (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 2022, Amnio Technology has launched two new PallinGen membrane products: PalinGen X Membrane and Dual Layer PallinGen X Membrane. This membrane is indicated for patients suffering from acute and chronic wounds that do not heal, as well as complex or open surgical wounds. and In 2021, Audax Private Equity announced the successful completion of the sale of Katena products to Corza Medical. Corza Medical is a GTCR portfolio company. Katena is a renowned provider of ophthalmic devices and therapeutics to hospitals, surgical centers and clinics.
In 2022, Merakris Therapeutics has launched the Dermacyte Matrix. Amniotic membrane used to protect and repair damaged tissue., In 2022, TissueTech, renowned for the clinical application of cryopreserved human birth tissue products to treat chronic wounds, ocular surface disorders and musculoskeletal disorders, has unveiled a new name and new logo. BioTissue, Inc. and Amniox Medical, Inc. will all become known as a single entity, BioTissue, Inc. and In February 2019, the Israeli doctors (Rambam Health Care Campus) has recently conducted a successful procedure. In this procedure, where a woman’s eyesight has been restored using the placenta. Hence, it will affect the growth of the market in the future.Amniotic Membrane market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Influencing Trend:
Technology Advancements regarding Amniotic Membrane
Market Growth Drivers:
Growing Research and Development Investments in the Field Of Stem Cell & Regenerative Medicine and Increase in the Number of Surgeries Being Performed across the World
Challenges:
Lack of Awareness in Some Region
Restraints:
Stringent Rules as well as Regulation
Opportunities:
Government Initiative Regarding the Treatment of Diseases and Growing Demand from Emerging Economics such as China, India, among others
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 Membrane 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 Membrane 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 Membrane 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 Membrane Study Sheds Light on
The Amniotic Membrane Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Amniotic Membrane industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Amniotic Membrane 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.