Global Amniotic Membrane Market
Global Amniotic Membrane Market had a valuation of US$ 3,201.1 million in 2021, and is anticipated to grow at a CAGR of 12.8% during the estimated timeframe (2021-2028).
The rising number of ophthalmology medical procedures in the geriatric population is projected to drive development of the global amniotic membrane market during the estimated timeframe. As indicated by the Centers for Medicare and Medicaid Services (CMS), in 2017, over 50.7 million individuals in the U.S. were over 65 years old. In the meantime, the all-out number of glaucoma medical procedures performed was roughly 174,788. Amniotic film transplantation is utilized in glaucoma medical procedures to forestall irritation as these layers need immunogenicity and can’t be perceived by the insusceptible human body. Thus, a developing number of glaucoma medical procedures is foreseen to fuel the development of the global amniotic membrane market.
Market players are occupied with inorganic exercises such as organization, consolidation, and acquisitions. This is projected to drive the development of the global amniotic membrane market. In November 2018, Generex Biotechnology Corporation, a biotechnology company, acquired a 51% stake in Olaregen Therapeutix Inc., a regenerative medicine company based in New York, with the intention of expanding the company’s product portfolio.
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Effect of the Coronavirus (COVID-19) Pandemic
The coronavirus episode first provided details regarding December 31, 2019 in Wuhan, China. As per the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, approximately 169 million cases and 3.5 million deaths have been accounted for due to the Coronavirus (COVID-19) up till May 30, 2021 across the globe.
The COVID-19 pandemic has impacted a few business sectors across the globe and is additionally expected to hamper the global amniotic membrane market. The COVID-19 pandemic has influenced the interest and supply of medical care items in three fundamental ways: by directly influencing production and demand; by causing disruptions in conveyance channels; and by having a monetary impact on firms and monetary business sectors. Numerous ophthalmology medical procedures are right now at an end due to the COVID-19 emergency to guarantee the wellbeing of the patients. As per a news story distributed by the Times of India on October 10, 2020, numerous waterfall medical procedures were at an absolute standstill during the cross-country lockdown period in India.
As per the National Center for Biotechnology Information, COVID can cause visual contamination. A meta-examination concentrate by Nasiri et al. in 2020 showed that 11.03% of COVID-19 patients in China had detailed visual signs, with conjunctivitis being the most widely recognized visual infection. As the quantity of instances of COVID contamination increases, an ascent in COVID-19 visual signs has been seen during the review. This is projected to fuel the global amniotic membrane market’s development as these layers are broadly utilized in the administration of visual signs.
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In addition, clinical preliminaries for the launch of new better items are estimated to drive the global amniotic membrane market development over the forecasted timeframe. In 2019, Organogenesis Inc., an American regenerative medication organization, completed clinical preliminaries for surveying the effectiveness of their amniotic layer-determined item NuShield for the therapy of persistent diabetic ulcers. This study is anticipated to be finished in December, 2021.
Key Takeaways
The global amniotic membrane market is anticipated to grow at a CAGR of 12.8% over the conjectured timeframe (2021-2028). North America is projected to represent a significant share over the estimated timeframe (2021-2028) owing to the rising number of item dispatches. In November 2018, Generex Biotechnology Corporation announced the launch of Excellagen, which is a skin grid utilized for wound consideration.
Key companies contributing to the global amniotic membrane market include LifeCell International, MiMedx, Integra LifeSciences, Amnio Technology, LLC, Alliqua BioMedical, Inc., Osiris Therapeutics, Inc., Organogenesis Holdings Inc., NuVision Biotherapies, Surgenex, Katena Products, Inc., TissueTech, Wright Medical, Next Biosciences, Skye Biologics Inc., Amniox Medical, Inc., and Human Regenerative Technologies, LLC.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Porterโs Analysis
- Industry Trends
- Key Highlights
- Epidemiology
- Reimbursement Scenario of Amniotic Membranes
- Regulatory Scenario
- Product Launch and Approvals
- Acquisition and Collaboration Scenario
- Market Dynamics
- ย Global Amniotic Membrane Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Impact of COVID-19 on Demand and Supply of Amniotic Membranes
- Impact of COVID-19 on the overall Healthcare Sector
- Global Amniotic Membrane Market, By Product Type, 2017-2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Amniotic Membranes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Cryopreserved Amniotic Membranes
- Dehydrated Amniotic Membranes
- Amniotic Suspensions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Introduction
- Global Amniotic Membrane Market, By Application, 2017 – 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Wound Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Orthopedics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Ophthalmology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Introduction
- Global Amniotic Membrane Market, By End User, 2017 – 2028 (US$ Million)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Specialty Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Research and Academic Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Million)
- Introduction
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