Amniotic Membrane Market - By Product (Cryopreserved, Lyophilized), Application (Surgical Wounds, Ophthalmology, Stem Cell Biology, Regenerative Medicine, Prenatal Diagnosis), End-use (Hospitals, Specialty Clinics) – Global Forecast, 2024 – 2032
Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAmniotic Membrane Market - By Product (Cryopreserved, Lyophilized), Application (Surgical Wounds, Ophthalmology, Stem Cell Biology, Regenerative Medicine, Prenatal Diagnosis), End-use (Hospitals, Specialty Clinics) – Global Forecast, 2024 – 2032
Amniotic Membrane Market Size
Amniotic Membrane Market size was valued at over USD 1.6 billion in 2023 and is anticipated to register 11.2% CAGR between 2024 and 2032, due to increasing usage in the treatment of chronic wounds.
Amniotic membranes play a key role in promoting healing by reducing inflammation for providing essential growth factors and supporting cellular regeneration. Multiple medical teams are applying these membranes to various chronic wounds like diabetic ulcers and burns. Researchers are also continuing to explore new applications and delivery methods to enhance their effectiveness. As technology is advancing, the use of amniotic membranes in wound care will grow for potentially offering more efficient and accelerated healing options for chronic wound patients.
As per reports, in the U.S., about 2 million people annually develop diabetic foot ulcers, with over 50% dying and 5% undergoing limb amputation within five years. Amniotic membranes are used to treat these ulcers while enhancing healing and reducing complications, thus improving patient outcomes and potentially lowering mortality and amputation rate.
| Report Attribute | Details |
|---|---|
| Base Year | 2023 |
| Amniotic Membrane Market Size in 2023 | USD 1.6 Billion |
| Forecast Period | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR | 11.2% |
| 2024 – 2032 Value Projection | USD 4.1 Billion |
| Historical Data for | 2018 – 2023 |
| No. of Pages | 163 |
| Tables, Charts & Figures | 217 |
| Segments covered | Product, Application, End-use, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
As our population ages, more and more seniors are dealing with chronic wounds and other ailments that come with old age. And that's where amniotic membranes come in. These membranes have special properties that help wounds heal faster and better. Doctors and nurses are using them to treat all kinds of wounds, even the really tricky ones, so that older folks can stay healthier and enjoy their golden years to the fullest. Take for example in 2022, the World Health Organization said that by 2030, one out of every six people on the planet will be over 60 years old. That's a lot of grandmas and grandpas! And with more elderly folks around, there's going to be a bigger need for treatments like amniotic membranes to help them heal from wounds. So, the demand for these membranes is only going to get higher in the years to come.
However, the high cost of amniotic membrane products and limited awareness among healthcare providers are restraining their widespread adoption. Hospitals and clinics are finding it challenging to integrate these products due to budget constraints and knowledge gaps. These issues may continue to limit the market expansion, as both cost and educational barriers will be posing significant challenges to broader usage in medical treatments.
Amniotic Membrane Market Trends
Increasing investments in R&D are driving the creation of new applications and improved formulations of amniotic membranes. Companies and researchers are exploring innovative ways to enhance their therapeutic benefits, leading to novel products for wound care and surgical applications. This trend is fostering the market growth for generating advanced treatments that better support healing. The ongoing R&D efforts will continue to produce cutting-edge amniotic membrane products for expanding their use in various medical fields. These advancements will be contributing to more effective and versatile therapies, further strengthening their role in healthcare.
Furthermore, amniotic membranes are being increasingly utilized in regenerative medicine due to their anti-inflammatory, anti-fibrotic, and anti-microbial properties. They help in enhancing wound healing and tissue engineering applications. Rising advancements to drive their demand and expand their use in more regenerative therapies for contributing to improved patient outcomes will favor the market growth.
Amniotic Membrane Market Analysis
Based on product, the cryopreserved segment is projected to exceed USD 2.7 billion by 2032. The growth can be ascribed to the higher utilization of cryopreserved amniotic membranes in various medical treatments due to their preserved biological properties. They help maintain essential growth factors as well as anti-inflammatory, and anti-microbial benefits for making them effective in wound healing, ophthalmology, and tissue regeneration. Clinicians are applying cryopreserved membranes to treat chronic wounds and surgical sites for their enhanced healing potential. Moreover, advancements in cryopreservation techniques will continue to improve the quality and efficacy of these membranes.
In the world of healing after surgery, the use of amniotic membranes has become a game-changer. By 2032, medical experts expect this field to be worth a whopping $959 million. That's because these membranes are like little miracle bandages, helping wounds heal faster and better. Surgeons are increasingly using these thin layers of tissue as a kind of scaffolding to help the body's own healing process. Not only do they speed up healing, but they also reduce scarring, thanks to their amazing anti-inflammatory and growth-promoting powers. This means patients can recover from surgery more quickly and with less discomfort. As doctors continue to research and improve how these membranes are used, we can expect even more benefits in the future. They're working on finding the best ways to apply them and exploring how they can help patients after surgery get even better results and have a smoother recovery. It's an exciting time for the medical world, as these amniotic membranes continue to show their potential in helping people heal after surgery.
On the basis of end-use, the amniotic membrane market size from the hospitals segment is predicted to record 11.8% CAGR through 2032. This surge is driven by rising incorporation of amniotic membranes for various treatments, such as to accelerate wound healing, reduce inflammation, and enhance tissue repair. Medical teams are applying them in surgeries, burns, and ulcers for leveraging their regenerative properties. Moreover, hospitals are also increasingly integrating amniotic membranes into more sophisticated regenerative therapies to improve recovery for patients with chronic wounds and injuries.
North America amniotic membrane market is predicted to record more than USD 1.6 billion by 2032. The presence of favorable reimbursement policies is driving increased adoption in various medical specialties. Particularly, expanding applications in ophthalmology are observed in the region, with ophthalmologists integrating amniotic membranes into treatments for conditions like corneal ulcers and surface disorders. This trend is enhancing patient care and outcomes. The ongoing advancements in ophthalmic applications will further solidify the position of amniotic membranes as a valuable therapeutic option for eye care professionals in North America.
Amniotic Membrane Market Share
Leading industry players actively involved in the amniotic membrane industry include biotechnology companies, medical device manufacturers, and regenerative medicine firms. These firms are continuously investing in R&D activities to innovate new products and therapies. They are also emphasizing partnership strategies to widen their global presence.
Amniotic Membrane Market Companies
- Alliqua BioMedical Inc.
- Alynx, Co.
- Amnio Technology, LLC
- Applied Biologics LLC
- BioTissue Holdings Inc.
- Corza Health, Inc.
- Integra LifeSciences Corporation
- Organogensis, Inc.
- Skye Biologics, Inc.
- TissueTech, Inc.
Amniotic Membrane Industry News
- In February 2022, Amnio Technology launched two new products - Dual Layer PalinGen X-Membrane and PalinGen Dual-Layer Membrane, both part of its PalinGen line for minimal manipulation and homologous use.
- In December 2023, clinical-stage biopharma firm NovaBay Pharmaceuticals partnered with Woo University for supporting the education of eyecare professionals on using amniotic membranes.
Amniotic membrane market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 – 2032 for the following segments
Click here to Buy Section of this Report
Market, By Product
- Cryopreserved
- Lyophilized
Market, By Application
- Surgical wounds
- Ophthalmology
- Stem cell biology
- Regenerative medicine
- Prenatal diagnosis
- Other applications
Market, By End-use
- Hospitals
- Ambulatory surgical centers (ASCs)
- Specialty clinics
- Research and academic institutes
- Other end-users
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East and Africa
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy