Skin Graft Market – Overview
Skin Grafting also known as Skin Harvesting basically refers to the transplant of healthy skin and the tissue beneath from one location to another location of the body. Performed through a surgical procedure, Skin Grafting involves removing skin from healthy area (Donor’s Site) and transplanting in to the wounded area of the. Skin Grafting is suggested or referred in case of skin damages, disorders or if a certain part of the body has lost its protective covering of skin due to burns, injury, or illness. Skin Graft treatment is anticipated to progress immensely in the near future.
According to a recent study report published by the Market Research Future, The global market of Skin Graft is projected to accrue at a rapid pace during the forecast period. The Market is forecasted to account for upsurge accretions of USD 7.5 billion by 2023 with a striking double digit CAGR of ~13.5 % during 2017 and 2023.
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Growing technology in the healthcare industry plays a major role in the growth of this market as new techniques have been evolved in Skin Grafting which are more effective and efficient. The market for Skin Graft is rising due to factors such as rise in the cases of accidents, burns and surgeries requiring removal of skin. Other factors that propel the market growth are skin loss due to infection such as necrotizing fasciitis or purpura fulminans and cancer. Above all, Skin Grafting is proving to be a boon for Acid attack Victims, those who usually tend to lose hope, confidence and self-esteem along with their skin.
On the other hand, factors such as complications associated with Skin Graft such as infection, pain and cost of treatment are likely to restrain the market growth.
Skin Graft Market – Competitive Analysis
October 2017, scientists of University of Chicago developed a needleless method to track blood glucose for diabetics. In the process using stem cells and the gene-editing technique CRISPR skin cells are created and grafted embedding skin sensor and device combination. The Skin Graft emits fluorescent light in a particular pattern as blood glucose levels rise. The Skin Graft would make continuous, non-invasive monitoring of blood levels of cholesterol, sodium, iron, bilirubin, and liver and kidney enzymes as well as glucose without needing a prick. It’s a boon for diabetic patients and need to prick themselves with a needle stick frequently. The graft and device technology will be commercially available within a decade. Also, Dr. Xiaoyang Wu, cell biologist and the team lead had previously created skin cell grafts that can boost the production of insulin, the hormone people with diabetes take to lower blood glucose levels. By combining sugar-monitoring and insulin treatment grafts, patients may someday be spared both glucose-testing finger sticks and insulin injections.
Characterized by the presence of several well-established and small players, the global Market of Skin Graft appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing and reputation. The Market demonstrates high growth potential which is likely to attract several new entrant in the market. Further resulting in intensified competition. Top players are investing heavily in R&D and clinical trials to develop effective procedures of Skin Grafting. Top players are holding the largest market share while other small and medium size companies are also growing. They are researching and developing innovative approaches that help make a difference to people’s lives.
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Skin Graft Market – Segments
The Skin Graft Market is segmented in to 6 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Autologous, Isogeneic, Allogeneic, Xenogeneic, and Prosthetic.
Segmentation by Graft Thickness: Comprises Split-Thickness, Full-Thickness, Composite Graft, and other.
Segmentation by Application: Comprises Extensive Wound, Burns, and Extensive Skin Loss Due To Infection, Skin Cancers, and other.
Segmentation by Equipment: Comprises Dermatome (Knives Dermatomes, Drum Dermatomes, Electric Dermatomes, and Air Dermatomes), General Surgical Instruments, Consumables and other.
Segmentation by End Users: Comprises Hospitals and Clinics, Academic and Research, and other.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Skin Graft Market – Regional Analysis
US accounts for the maximum market share due to favourable reimbursement scenario and greater expenditure on healthcare. The faster market uptake of new technology in the US is also an important driver of the Global Skin Graft Market. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is expected to have the most future potential and it is estimated to be led by China and India. The Middle East & Africa Market is led by the gulf nations particularly Saudi Arabia and UAE. The regions of Africa are expected to witness a moderate growth due to poor economic and political conditions and poor healthcare penetration.
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