Skin Replacement Market: Digital disruption along with increasing penetration of 3D printing technology is expected to drive the market growth | Platelet BioGenesis, Tengion, and Cellular Dynamics International

In the last few years, the success story of cosmetic industry had been profound in comparison to other consumer products.  The cosmetic industry is gaining recognition of which the market of skin replacement is having its major share across the world. The tendency is credited mainly to injuries related to burn and technological uses in the treatment of several skin-associated issues. Skin which has undergone burning enhances the chances of microbial and bacterial growths that eventually lead to fast reduction in body fluids. Therefore, in order to give protection to the skin, traditional skin grafts from the cadavers or from the donors were used. Though, approval of these alternatives was hindered owing to likelihood of rejection of graft and unapproachability of large skin patch. Henceforth, to solve this problematic situation of synthetic skin alternatives comes to light the option of treating deep skin wounds which stimulates artificial skin regeneration. These advancements in technology resulted to increase the chances of survival of burned patients and recently various skin replacement products have been applied in treating chronic injuries. The market for skin replacement is probably to mature at a relatively reasonable pace from 2016– 2020 before taking upsurge drift to 2023. The average sale is anticipated to rise above 1.5X from 2016 to 2023.

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Digital interruption added with rising infiltration of 3D printing technology is anticipated to boost the market for skin replacement.

Injuries of burn have been raised in the last few years. As per estimates made independently, more than 1.5 Mn populations in the United States suffers from skin loss due to burn every year. Also, in the U.K. about 175,000 accounted to the departments for emergency of burn injuries and among these, about 13,000 need admissions in the hospitals. Consequently, the product of skin replacement is anticipated to gain adhesion with advanced products being introduced in the market that includes artificial skin. The industry will be additionally pushed by rising 3D printing technology in healthcare. Companies like L’Oreal and Proctor & Gamble influences 3D printing technology in developing artificial skin.

Market Taxonomy_MI

As segmented by Coherent Market Insights, the market of skin replacement products is divided into

• Technology
• Product

Based on the technology, the segment of 3D printing technology is attractive and is anticipated to push vast revenue for the companies operating in the market. In the laboratories, the skin grown will control the market in the predicted period.

Several kinds of the products for skin replacement have been classified into three main categories as temporary skin replacement products, permanent skin replacement products, and cultured epidermal skin replacement products.

North America to control the skin market with US$ 25 Bn expenses in treating wound and existence of more than 14% elderly (geriatric) population.

The market report of skin replacement performs its market analysis in the regions of Asia Pacific, Europe, North America, Latin America and Middle East and Africa.

Globally, the market of skin replacement is observing an affirmative trend with Europe and North America as the major growth engine. Europe and North America are anticipated to arrest a major portion of the market before resting to the market of Asia Pacific by the end of the year 2020.

At present, North America signifies the markets largest portion for skin replacement products trailed by Europe. An increase in the figure of burn cases has been mainly boosting the substitute market for skin replacement in the aforesaid regions.

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In Asia Pacific, the rate of penetration is at its budding stage now. Though, the development will rise and take an upward trend by the middle of the predicted period. The development will be fuelled by Japan and India.

Companies like L’Oreal and Proctor & Gamble influences 3D printing technology in developing artificial skin replacement products

The main companies operating in the market of skin replacement are Platelet BioGenesis, Tengion, and Cellular Dynamics International, TissueGene, Inc., Cynata Therapeutics Limited, L’Oreal and Proctor & Gamble.

Companies demand to focus on creating value by channelizing product manufacturing ability with digital marketing. Close partnership with important life science universities could help more companies to convey innovative skin replacement products in the market.

Key developments_MI

Rising figure of the consents for new methods for skin treatment is anticipated to enable market growth of the skin replacement worldwide in the predicted period. For example, the United States FDA in September 2018, established premarket consent for Recall (Alvita), a spray-on to treat burns in patients of age 18 years and more.

Furthermore, rising emphasis on R&D activities by the main market players is estimated to push the growth of the market in the future. For example, Platelet BioGenesis in October 2018 introduced that they are in the developing process of a device that emulates the condition under which platelets of the human beings gets generated, for patients coming out of surgeries, injuries, or treatments like chemotherapy which results in extreme situation with very low platelet count.

Furthermore, Proctor & Gamble in January 2019 introduced Opté, a tool meant for covering conditions of skin like hyperpigmentation, and age spots by merely gliding the device on skin’s surface. These innovations of the product are probably to help the market growth of the skin replacement.