The Global Amniotic Products Market Size Was Worth USD 0.7 Billion in 2021 and Is Projected to Grow to USD 1.0 Billion by 2026, at a CAGR of 8.2% Over the Forecast Period 2021 to 2026

February 22, 2022, New York, USA -

Amniotic Membrane: Introduction

The innermost layer of the placenta can be referred to as the amniotic membrane. The membrane is distinguished by its anti-inflammatory and anti-bacterial properties. Amniotic membranes are utilized as a graft or dressing during different surgical procedures. The amniotic membrane doesn't contain any HLA-A, B or DR antigens. Therefore, its use reduces the risk of rejection due to immunological factors following transplantation.

Amniotic membrane is commonly utilized in amniotic membrane transplantation to patients who suffer from epithelial defects, pterygium, conjunctival surface reconstruction, epithelial defects, and others. Amniotic membrane can also be used in various surgical procedures for reconstruction like burns, diabetics who are not healing and venous ulcers to serve as a biological dressing.

The Global Amniotic Membrane Market Forecast: 

The Global Amniotic Products market was assessed to be USD 0.7 Billion in 2021 and is anticipated to arrive at USD 1.0 Billion by 2026, registering an annual expansion rate of 8.2% throughout the calculated timeframe of 2021 to 2026.

The Global Amniotic Membrane Market Overview: 

The amniotic membrane is the sack that protects and covers the embryo by enclosing the amniotic cavity. It can be used to replace skin and as a biomaterial for surgical use in various settings, like the treatment of pathological ailments that include ocular diseases and skin wound healing and reconstructive surgical procedures.

Amniotic membranes are a major market worldwide. Its demand is boosted by its numerous applications such as Ophthalmology, genitourinary tract, skin, brain, neck and head and various other surgical procedures.

Furthermore, the growth in amniotic membrane-based transplantations worldwide adds to the growth of the market for amniotic membranes. However, the absence of qualified professionals hinders the market's growth. Furthermore, the growing awareness about the benefits of amniotic lining in both patients and medical professionals will result in more demand for products made from the amniotic membrane that is anticipated to increase the growth of the amniotic membrane market.

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The growing geriatric population around the globe has made a significant contribution to the market's growth. The increasing awareness of the advantages of the amniotic membrane has fuelled the demand. An amniotic membrane can eliminate the possibility of rejection of the graft, thus being a perfect option for transplantation.

However, the high cost of procedural procedures and the absence of experienced experts could hinder the growth of the market.

Market Dynamics of the Global Amniotic Membrane Market:

DRIVER: Rising incidence of burn injuries

The higher prevalence of burn-related wounds has led to an increase in demand for wound-care biologics, which include amniotic membranes. As per the WHO, the majority of burn cases are found in low and middle-income countries. Nearly two-thirds are found in WHO African as well as Southeast Asian regions.

For instance, In India, 1 million Indians suffer from severe and moderate burns annually (Source: WHO). The number of people suffering from burns is also very high across other Southeast Asian countries such as Bangladesh and Nepal. Around 173,000 children suffer severe or mild burns in Bangladesh each year. In Nepal, burns are the second most frequent incident and account for 5% of all disabilities.

OPPORTUNITY: Implementation of the 21st Century Cures Act (US)

The 21st Century Cures Act was approved by the US in December 2016. In addition to other goals, the new law is designed to promote research in regenerative medicine and medical advancement. The Act contains a number of aspects that could affect how we develop and approve the process of many products in the coming years.

In this Act, the newly created "Regenerative Medicine Advanced Therapy" designation was established, and a speedy approval procedure for new Regenerative medicine therapies and products. The application of this Act could lead to an approval process for new treatments and products for regenerative medicine in the US, as well as encourage R&D initiatives in the area of regenerative medicine.

The Key Market Segmentation of the Global Amniotic Membrane Market: 

Global Amniotic Membrane Market can be divided into Product Types, End-User, Applications, and Geographical landscapes, etc. 

Amniotic Membrane Market Segmentation By Product Type:

Cryopreserved Amniotic Membrane

Lyophilized Amniotic Membrane

Amniotic Membrane Market Segmentation By End-User:

Hospitals

Ambulatory Surgical Centers

Specialty Clinics

Research Institutes and Academic Institutes

Amniotic Membrane Market Segmentation By Application:

Wound Care

Orthopedics

Ophthalmology

Surgical Wounds

Other Applications

Amniotic Membrane Market Segmentation By Geographical Landscape:

North America

Europe

Asia Pacific

South America

Middle East and Africa

Major Key Players in the Global Amniotic Membrane Market Are:

• Alliqua BioMedical Inc.
• Amnio Technology, LLC
• Applied Biologics LLC
• Celuarity, Inc.
• FzioMed Inc.
• Human Regenerative Technologies, LLC
• Integra Lifesciences Holdings Corporation (Derma Sciences Inc.)
• Katena Products, Inc. (IOP Ophthalmics)
• MiMedx Group Inc.
• Skye Biologics Inc.
• Tissue-Tech Inc. (Amniox Medical Inc.)

The Covid-19 Impact Analysis:

The COVID-19 epidemic negatively affected the market for amniotic products in 2020 due to widespread lockdowns, the denial of services for wound care and delayed or canceled elective procedures. During the lockdown, elective surgeries were canceled or postponed to reserve the available space and resources (such as hospitals, beds, and professionals for patient care) for the COVID-19 patient care and treatment. 

Additionally, several countries enforced lockdowns as well as curfews in order to stop the growing instances of COVID-19 cases. As a result of these lockdowns, patients were unable to go to the hospitals or OPDs as well as clinics. The interruption of non-urgent medical services could hinder the growth of the amniotic product market. However, demand for amniotic items is expected to grow over the next few years.

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