The Global Amniotic Membrane Market is estimated to lead a healthy growth. Global Amniotic Membrane Market is expected to grow at a CAGR of 9.8% during the forecast period. The Global Amniotic Membrane Market is majorly driven by increasing number of market players focusing on various applications of Amniotic Membrane, rising Global aging population, increasing patient population, and rising healthcare expenditure. Varied applications of amniotic membrane are likely to drive the growth of Global Amniotic Membrane Market.
Amniotic Membrane is a part of the placenta, which consists of natural therapeutics agents. Amniotic membrane is also known as amnion. Amniotic Membrane finds its use in various applications, such as surgical wounds, prenatal diagnostic application, ophthalmology, stem cell biology, and regenerative medicine.
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Additionally, rise in the number of amniotic membrane transplant performed, need for better and newer technologies, and improved healthcare facilities are propelling the growth of Global Amniotic Membrane Market.
Key Players for Global Amniotic Membrane Market
- Derma Sciences Inc.,
- MiMedx Group, Inc.,
- APPLIED BIOLOGICS,
- FzioMed, Inc.,
- Alliqua BioMedical,
- Skye Biologics Inc.,
- IOP Ophthalmics,
- Amniox Medical, Inc.,
- Human Regenerative Technologies, LLC,
- Tissue-Tech Inc., and
- Amnio Technology.
Segmentation
The Global Amniotic Membrane market is segmented on the basis of type, application, and end-users.
On the basis of type, the amniotic membrane market is segmented as lyophilized amniotic membrane, cryopreservation amniotic membrane, and others.
On the basis of application, the amniotic membrane market is segmented into ophthalmology, surgical wounds, stem cell biology, and regenerative medicine.
On the basis of end-user the market is segmented into specialized clinics centers, hospitals, ambulatory surgical centers, research institutes, and laboratory.
Regional Analysis for Global Amniotic Membrane Market
North America holds the maximum share of Amniotic Membrane Market in the Americas region. On a regional basis, the Americas region is segmented into North America and South America. North America is segmented into the U.S. and Canada. Increased presnce of market players, along with growing number of biotechnology and pharmaceutical industries is fuelling the growth of Amniotic Membrane Market.
Europe accounts for a healthy market share due to factors such as rising need for advanced technologies and rising healthcare expenditure. Furthermore, growth in skilled professionals with advanced healthcare infrastructure is likely to fuel the growth of Amniotic Membrane Market in Europe.
The Asia Pacific is expected to register the fastest growing rate for the Amniotic Membrane Market. High growth rate is attributed to rising healthcare organizations, growing healthcare initiatives taken up by government, and rising awarness regarding newer technologies is likely to enhance the growth of the market.
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The Middle East & Africa is expected to show a slow growth in the market. Major factors that are likely to hamper the growth are lack of awareness regarding adavanced technologies and limited availability of treatment facilities.
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