Amniotic Membrane Market Size worth $1409.26 Million, Globally, by 2030 at 3.80% CAGR: Verified Market Research®
Amniotic membrane, along with its epithelial and mesenchymal cells, has a wide range of applications in regenerative medicine and shows great promise in the treatment of cancer, which acts as a major driver for market growth.
JERSEY CITY, NJ, June 8, 2022 /PRNewswire/ — Verified Market Research recently released a report, “amniotic membrane marketBy Product Type (Cryopreserved Amniotic Membrane, Lyophilized Amniotic Membrane), by Application (Ophthalmology, Surgical Wounds), and by Geography. Based on verified market research, has been valued at $1047.33 million in 2021 and is expected to reach $1409.26 million by 2030, growing at a CAGR of 3.80% from 2022 to 2030.
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Global Amniotic Membrane Market Overview
In eye surgery, the amniotic membrane is normally used as a biological bandage to treat or replace injured eye tissue. It is thin, light, elastic and almost transparent, which makes it ideal for use on the surface of the eye. Stitches or tissue paste can be used to hold it in place. Amniotic membrane is used to treat chemical burns, ulcers of the cornea or conjunctiva, conditions that cause severe ulcers, and surgeries that require the removal of eye tissue. In addition, the amniotic membrane is increasingly used in ophthalmic surgery and other surgical procedures in dermatology, plastic surgery, genitourinary medicine, and otolaryngology.
Moreover, the amniotic membrane, as well as its epithelial and mesenchymal cells, have a wide range of applications in regenerative medicine and show great promise in the treatment of cancer. The amniotic membrane is a rich source of biologically active substances that promote wound healing and act as a good bandage. Moreover, the amniotic membrane promotes epithelialization and exhibits anti-fibrotic, anti-inflammatory, anti-angiogenic and antimicrobial characteristics. Globally, the growing elderly population has had a substantial impact on the market.
- In May 2021, Organogensis, Inc. announced the launch of ReNu, an amniotic suspension. Additionally, the U.S. Food and Drug Administration has granted the company Advanced Regenerative Medicine Therapy Designation for use in osteoarthritis of the knee.
- In April 2021, Katena Products Inc announced the acquisition of ASICO, LLC. ASICO has been an industry leader for over 35 years – providing high quality ophthalmic surgical instruments, with a particular focus on new product design and technology.
The major market players are Katena Products Inc., Stryker, Osiris Therapeutics Inc, Amniox Medical Inc, Skye Biologics Inc, Integra LifeSciences Corporation, MiMedx Group Inc, Organogensis, Inc, Applied Biologics LLC, and Human Regenerative Technologies, LLC.
Verified Market Research has segmented the global amniotic membranes market on the basis of product type, application, and geography.
- Amniotic Membrane Market, By Product Type
- Cryopreserved amniotic membrane
- Freeze-dried amniotic membrane
- Amniotic Membrane Market, By Application
- Surgical wounds
- Amniotic Membranes Market, By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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