According to The Insight Partners market research study of ‘North America Amniotic Membrane Market to 2027 – Regional Analysis and Forecast by Product, Technology and Application,’ the Asia Pacific Liposome Drug Delivery market is expected to reach US$ 1175.2million in 2027 from US$ 667.4 in 2019. The market is estimated to grow with a CAGR of 7.5% from 2020-2027. . The report provides trends prevailing in the North America amniotic membrane market and the factors driving market along with those that act as hindrances.
Based on the product, the North America the amniotic membrane market, by enzyme, is segmented into cryopreserved amniotic membrane, and dehydrated amniotic membrane. The cryopreserved amniotic membrane segment held the largest share of the market in 2019, whereas the dehydrated amniotic membrane segment is anticipated to register the highest CAGR in the market during the forecast period.
The human amniotic membrane is widely used as a graft or a dressing in surgical procedures. Hence, they are cryopreserved in glycerol at −80 °C for several months. Additionally, it has been reported that tissue can been stored at −80 °C for about 2 years. Cryopreservation at −80 °C and in an appropriate cryoprotectant media enables conservation for longer period of time. Furthermore, the study ‘Biological Differences between Cryopreserved and Dehydrated Amniotic Membrane Tissue Grafts’ reported that cryopreservation process better conserves the structural integrity and biochemistry of AM tissue grafts as compared to dehydrated grafts. However, the dehydrated amniotic membrane segment is predicted to grow at a higher CAGR. This is because dehydrated amniotic membrane is used for broad range of applications however, it is widely used for treatment of a no healing defect on the ocular surface such as a neurotrophic corneal ulcer. Also, market players are providing dehydrated amniotic membrane are easy to use and ideal to handle. For instance, Human Regenerative Technologies, LLC offer thin amniotic membrane and thick amniotic membrane that is dehydrated and is created for maximum ease and versatility. It adheres naturally to the surface and does not require suturing. It also has a shelf life of 5 years
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- Surgenex, LLC
- Amnio Technology, LLC
- Katena Products. Inc
- Amniox Medical, Inc
- Smith & Nephew
- Organogenesis Inc
- Skye Biologics Inc.
- Integra Life Sciences Corporation
- Applied Biologics LLC
The growth of the market is attributed to some key driving factors such as high implementation of amniotic membranes in medical science and new developments and increased investments of amniotic membranes. However, limitations encountered while using amniotic membranes in emerging nations are expected to obstruct the growth of the market to a certain extent during the forecast years.
Skye Biologics Inc., Integra Life Sciences Corporation, and Applied Biologics LLC are among the leading companies operating in the North America mammography systems market.
The Growth in Derived Products from Amniotic Membranes
Product launches and approvals are commonly adopted strategies by companies to expand their footprint worldwide and meet the growing demand. The players operating in the amniotic membrane market adopt the expansion, collaboration, and product launch strategies to enlarge customer base across the world. These strategies allow the players to maintain their brand name globally. For instance, in August 2020, Bio-Tissue, Inc., a TissueTech, Inc. company in the US, has developed PROKERA Slim corneal bandage, which is approved in Taiwan for the use of ocular surface disease and disorders. Also, companies are offering innovative products to treat various ulcers, wounds, and injuries caused due to several chronic diseases.
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NORTH AMERICA AMNIOTIC MEMBRANE MARKET SEGMENTATION
- Cryopreserved Amniotic Membrane
- Dehydrated Amniotic Membrane
- Surgical Wounds
By End User
- Ambulatory Surgical Centers
- Speciality Clinics
- Research Institute and Academic Institutes
- North America
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