The global Tissue Engineered Skin Substitute Market was worth US$ 2.2 Billion in the year 2022 and is expected to reach US$ 4.1 Billion by the year 2029 at a CAGR of 9.6% between 2022 and 2029.
There is an exceptional rise in accidents like trauma events, burns, and road accidents all over. This factor is expected to keep the cash registers ringing for tissue engineered skin substitute market in the present as well as future scenario.
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Acute wounds are generally treated through skin grafts. Synthetic and biosynthetic tissue engineered skin substitutes are utilized for treating severe and moderate burns. Also, biological skin substitutes are used to perform surgeries when it comes to healing big wounds.
There are numerous non-profit organizations such as the ABA (American Burn Association) and WHO contributing toward awareness levels. The US FDA does follow pre-market approval process to scientifically review Class III devices for ascertaining effectiveness and safety of medical products. Examples of these FDA-approved tissue engineered skin substitutes include Dermagraft, Apligraf, and Integra Omnigraft Dermal Regeneration Matrix.
CABN (Canadian Association of Burn Nurses), as the name suggests, does have the basic objective of providing nurses experts in treatment of patients suffering from burns.
Future Market Insights has etched these findings with future prospects in its latest market study entitled ‘Tissue Engineered Skin Substitute Market’. It has its team of analysts and consultants to execute using a 360-degree view in its primary, secondary, and secondary modes of research.
“Preference for skin grafts is expected to drive the tissue engineered skin substitute market in the near future”, says an analyst from Future Market Insights.
Key Takeaways from Tissue Engineered Skin Substitute Market
- North America holds the largest market share with the US being subject to increasing frequency of road mishaps and sports injuries.
- Europe is expected to grow on the back of Germany and the UK along the similar grounds.
- The Asia-Pacific is expected to grow at the fastest rate in the tissue engineered skin substitute market with Japan, India, and China holding the baton. Growth in medical tourism industry is another factor driving the growth.
Examining the key assumptions of the study. For any queries linked with the report, ask an analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-781
Competitive Substitutes
- MiMedx Group, Inc., in September 2020, did announce launching EpiCord Expandable – one of the advancements in product portfolio.
- The other players in tissue engineered skin substitute market include Amarantus BioScience Holdings, Organogenesis, Inc., KCI Licensing, Inc., Smith and Nephew, BSN Medical, Molnlycke Health Care AB, Integra LifeSciences Corporation, Medtronic, Tissue Regenix.
What does the Report state?
- The research study is based on product (acellular skin substitutes (acellular skin substitutes based on amniotic membrane and other acellular skin substitutes), biologic skin substitute (allograft and xenograft), cellular skin substitutes (cellular skin substitute based on amniotic membrane and other cellular skin substitutes)), material (natural and synthetic), application (chronic wounds (venous leg ulcers, diabetic foot ulcer, and pressure ulcers), acute wounds (traumatic wounds and burn cases), and others), and end-user (hospital, specialty clinics, ASCs (Ambulatory Surgical Centers), and research laboratory).
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Tissue Engineered Skin Substitute Market by Category
By Product:
- Acellular Skin Substitutes
- Acellular skin substitutes based on Amniotic Membrane
- Other Acellular skin substitutes
- Biologic Skin Substitute
- Allograft
- Xenograft
- Cellular Skin Substitutes
- Cellular skin substitute based on amniotic membrane
- Other cellular skin substitutes
- Synthetic Skin Substitutes
By Material:
- Synthetic
- Natural
By Application:
- Chronic Wounds
- Venous leg Ulcers
- Diabetic Foot Ulcer
- Pressure Ulcers
- Acute Wounds
- Traumatic Wounds
- Burn Cases
- Other Applications
By End User:
- Hospital
- Specialty Clinics
- Ambulatory Surgical Centers
- Research Laboratory
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.
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