The Amniotic Membrane Market is on track for a promising future, with a projected market valuation of US$2.28 billion by 2034. According to a recent market analysis, this forecast indicates a steady Compound Annual Growth Rate (CAGR) of 4.2% anticipated from 2024 to 2034. This growth trajectory underscores the increasing adoption of amniotic membrane products across various medical applications.
The surge in the amniotic membrane market is attributed to its increasing demand driven by its therapeutic potential in various medical applications. Key areas benefiting from amniotic membrane applications include wound healing, ophthalmology, and tissue regeneration.
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The population of all age groups has emerged as a prominent consumer base, characterised by untapped product segments for amniotic membranes to offer effective wound healing and eye surgeries. This has prompted the amniotic membrane product manufacturers to capitalize on the emerging latent opportunity. The companies in the market are optimistic about increasing amniotic membrane transplants and increasing demand for amniotic membrane products worldwide, particularly in North American countries. It is more than likely that over the next four to five years, the companies focus on developing innovative products and designing market-level strategies to leverage the potential opportunities emerging in parallel with the growing human population with various chronic diseases.
Amniotic membrane products such as Amniotic Allograft Membrane and Amniotic Allograft Suspension used to treat surgical wounds and defects of the corneal epithelia have gained traction over the last two decades. The major types of amniotic membranes such as cryopreserved amniotic membranes and lyophilized amniotic membranes evolved back in the 1990s, but they became significant and the market for amniotic membranes to be used on humans boomed over the past fifteen years.
The global amniotic membrane market has been segmented based on product type, application, end-user and region. Globally, cryopreserved amniotic membrane is the most attractive segment from manufacturers’ point of view. Cryopreserved amniotic membrane is majorly used in ocular surface eye surgery owing to its positive effect on wound healing due to its anti-inflammatory properties. Among all end users of amniotic membranes, high demand for amniotic membranes is expected to come from the hospital segment due to the rising application of amniotic membranes in advanced surgical healing.
By volume
The global amniotic membrane market is expected to expand at 11.4% over the forecast period of 2018–2028. With nearly 43% market value share, North America dominated the global amniotic membrane market in 2017, partly due to the penetration of newly approved products in the U.S. Western Europe, the second largest market globally, with the U.K., France and Germany being countries with high growth rates., is expected to gain 110 BPS in its market share over 2018–2028. APEJ is expected to be the third-largest market for amniotic membranes. APEJ and China collectively are expected to contribute over 15% share in the global market by 2028 over 2018.
The market for amniotic membranes is highly consolidated with the top 5 players contributing over 60% of the revenue share in 2017.
Examples of some of the key players identified in the Amniotic Membrane Market are Integra
- LifeSciencesm Inc.
- MiMedx Group, Inc.
- Alliqua BioMedical, Inc.
- Skye Biologics Inc.
- Katena Products, Inc.
- Tissue-Tech Inc.
- Amnio Technology, LLC
- Applied Biologics LLC
- Human Regenerative Technologies, LLC
Depth of research, along with proper documentation and statistical validation are factors that could determine a player’s success in the global amniotic membrane market
Some of the key points identified in the Amniotic Membrane Market are:
- Market Valuation: The global amniotic membrane market is estimated to be US$ 1,510.6 million in 2024.
- Future Projections: By 2034, the market is forecasted to exceed a valuation of US$ 2,279.5 million, recording a CAGR of 4.2%.
- Therapeutic Potential: Amniotic membrane demand is primarily fueled by its therapeutic potential, particularly in wound healing, ophthalmology, and tissue regeneration.
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Key Segments of Global Amniotic Membrane Industry Survey
Amniotic Membrane Market by Product Type:
- Cryopreserved Amniotic Membranes
- Lyophilized Amniotic Membranes
Amniotic Membrane Market by Application:
- Surgical Wounds
- Ophthalmology
- Others
Amniotic Membrane Market by End User:
- Amniotic Membrane Treatment in Hospitals
- Amniotic Membrane Treatment in Specialized Clinics
- Amniotic Membrane Treatment in Ambulatory Surgical Centres
- Amniotic Membrane Treatment in Academic Research Centres
Amniotic Membrane Market by Region:
- North America Amniotic Membranes Market
- Latin America Amniotic Membranes Industry
- Europe Amniotic Membranes Market
- East Asia Amniotic Membranes Industry
- South Asia & Pacific Amniotic Membranes Market
- Middle East & Africa (MEA) Amniotic Membranes Industry
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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