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Amniotic Membrane Market Analysis

  • Report ID: GMI8336
  • Published Date: Oct 2024
  • Report Format: PDF

Amniotic Membrane Market Analysis

Based on product, the market is divided into cryopreserved and lyophilized. The cryopreserved segment of the market is forecasted to reach USD 1.7 billion by 2032.
 

  • Cryopreserved amniotic membrane (CAM) is extensively utilized across various medical disciplines due to its unique properties. In ophthalmology, it is employed to treat corneal defects, such as persistent epithelial defects, ulcers, and chemical burns, thereby promoting faster healing and reducing inflammation and scarring.
     
  • In wound care, CAM has become an effective product for managing chronic wounds, including diabetic foot ulcers, venous leg ulcers, and pressure sores. It provides a biological scaffold that supports cell proliferation and tissue regeneration. Additionally, its anti-inflammatory and antimicrobial properties help reduce infection risks and create a conducive healing environment, supporting its preference and revenue growth in the market.
     
Amniotic Membrane Market, By Application (2023)

Based on application, the amniotic membrane market is bifurcated into surgical wounds, ophthalmology, stem cell biology, regenerative medicine, prenatal diagnosis, orthopedics, dermatology, plastic surgery, dentistry, and gynecology. The ophthalmology segment dominated the market with a revenue of USD 342.1 million in 2023.
 

  • Amniotic membrane transplantation (AMT) is utilized in ophthalmology to address various ocular surface disorders. The amniotic membrane, the innermost layer of the placenta, offers several beneficial properties, including providing a substrate for epithelial cell growth due to its collagen composition, reducing inflammation, preventing new blood vessel formation, and offering analgesic effects by covering nerve endings.
     
  • The growing prevalence of ocular surface disorders, including corneal ulcers, pterygium, and dry eye diseases, driven by factors such as aging populations and increased incidence of ocular trauma, is fueling demand for advanced treatment options. Additionally, advancements in surgical techniques and a better understanding of the benefits of amniotic membranes are expanding its applications and increasing its adoption.
     
  • Furthermore, enhanced availability and improved processing methods contribute to its growing use in ophthalmic procedures, making the membrane more accessible and easier to apply.
     

Based on end-use, the amniotic membrane market is bifurcated into hospitals, ambulatory surgical centers (ASCs), specialty clinics, research and academic institutes, and other end-users. The hospitals segment held a market share of 40.7% in 2023 and is estimated to grow significantly.
 

  • Hospitals benefit from the regenerative properties, anti-inflammatory effects, and scar-reducing capabilities of amniotic membranes, making them particularly valuable for treating chronic wounds, corneal defects, and during reconstructive surgeries.
     
  • They are especially effective in treating chronic wounds, burns, and post-surgical sites due to their anti-inflammatory, antifibrotic, and antimicrobial properties, which promote faster healing and reduce the risk of infection.
     
  • Increasing demand in hospital settings is driven by the need for advanced and effective treatment options to enhance patient outcomes, underscoring the significant role of amniotic membranes in contemporary medical care.
     
North America Amniotic Membrane Market, 2018 - 2032 (USD Million)

The growth of the amniotic membrane market in the U.S. is projected to reach USD 1.1 billion by 2032.
 

  • Key factors driving this growth include the presence of well-established healthcare facilities and leading industry players in the country. The increasing emphasis on regenerative medicine and the rapid adoption of advanced technologies also contribute to market expansion.
     
  • Additionally, the rising incidence of accidents, including road traffic collisions and trauma events, is anticipated to drive market growth. For example, as of March 2023, approximately 7.3 million motor vehicle accidents occur annually in the U.S.
     
  • Furthermore, favorable regulatory frameworks and ongoing investment in research and development are expected to support a positive market outlook during the forecast period.
     

The amniotic membrane market in the UK is expected to experience significant and promising growth from 2024 to 2032.
 

  • The country’s well-established public healthcare system and the widespread implementation of universal healthcare contribute to the growing demand for advanced medical treatments, including amniotic membranes.
     
  • Additionally, the rising prevalence of chronic diseases such as cardiovascular conditions, cancer, and diabetes is driving the need for effective regenerative therapies that support wound healing and tissue repair in the UK, further boosting market growth.
     

The amniotic membrane market in Japan is anticipated to witness lucrative growth between 2024 and 2032.
 

  • The availability of trained professionals and the development of healthcare facilities are expected to drive market growth in Japan during the forecast period. Rising awareness of the benefits provided by amniotic membranes is also expected to further propel market expansion.
     
  • Moreover, Japan's growing healthcare expenditure, which accounted for 9.8% of its GDP in 2022 according to the Organization for Economic Cooperation and Development (OECD), is projected to stimulate revenue growth in the market during the forecast period.
     

The amniotic membrane market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.
 

  • This market growth is driven by several key factors, including high spending capacity and living standards, well-established medical infrastructure, and a rising incidence of cancer.
     
  • Additionally, increasing government initiatives aimed at expanding reimbursement coverage are expected to enhance market penetration during the forecast period. The projected rise in healthcare spending in Saudi Arabia, estimated at USD 50.4 billion for 2023, according to a report by the International Trade Administration and the U.S. Department of Commerce, is expected to further support market expansion.
     
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The industry was valued at approximately USD 1.7 billion in 2023 and is estimated to grow at a 7.9% CAGR from 2024 to 2032, driven by its regenerative properties and applications in medical treatments and surgeries.

The cryopreserved segment is forecasted to reach USD 1.7 billion by 2032 due to its extensive use in various medical disciplines, such as ophthalmology, where it treats corneal defects, promotes faster healing, and reduces inflammation and scarring.

The U.S. market is projected to reach USD 1.1 billion by 2032, driven by well-established healthcare facilities, leading industry players, a focus on regenerative medicine, and the rapid adoption of advanced technologies.

Prominent participants include Amnio Technology, LLC, Applied Biologics LLC, BioTissue Holdings Inc., Celularity Inc., Corza Health, Inc., Integra LifeSciences Holdings Corporation, MiMedx Group, Inc., Organogenesis Holdings Inc., Skye Biologics, Inc., and Smith & Nephew plc.

Amniotic Membrane Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 219
  • Countries covered: 22
  • Pages: 130
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