Global Amniotic Membrane Market is Growing at CAGR of 9.2% during next 10 Years
The global amniotic membrane market is estimated to value of over US$ 0.9 Bn in 2017, and is projected to register a CAGR of 9.2% in terms of value during the forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global amniotic membrane market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report includes PEST analysis, Porter’s Five Forces analysis, and opportunity map analysis for the in-depth understanding of the market. The Amniotic Membrane market report offers insightful and detailed information regarding the various key players operating in the global amniotic membrane market, their financials, technological innovations, key developments, apart from future strategies, SWOT analysis, acquisitions & mergers, and market footprint. The global amniotic membrane market is segmented on the basis of product, application, end user, and region.
On the basis of product segmentation, the cryopreserved amniotic membrane segment is expected to contribute major revenue share to the global market and is expected to maintain its dominance over the forecast period. The fungicide segment witnesses a CAGR over 9.0%. Cryopreserved amniotic membranes help to treat various corneal, epithelial, and conjunctival disorders, including neurotrophic ulcers, persistent epithelial defects, microbial keratitis, band keratopathy, and chemical burns. It is also used to speed up wound healing and promote regeneration of stem cells in unhealthy corneas, as well as to prevent scarring after a variety of procedures, which are major factors expected to support the growth of the cryopreserved amniotic membrane segment in the global amniotic membrane market in the near future.
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The market in Latin America accounts for over 6% of the revenue share in the global market in 2017. Increasing awareness about benefits and advantages of advanced treatment therapies using amniotic membrane in countries in the region is a major factor expected to bolster growth of the Latin America market to a significant extent. Increasing government initiatives and investments into development of medical infrastructure is also expected to propel growth of the market to a significant extent in the near future.
Global Amniotic Membrane Market segmentation:
Segmentation on the basis of the product:
- Cryopreserved Amniotic Membrane
- Lyophilization Amniotic Membrane
Segmentation on the basis of application:
- Surgical Wound
- Others (diagnostic applications, reconstructive urology, etc.)
Segmentation on the basis of crop type:
- Ambulatory Surgical Centers
- Specialized Clinics
- Research Centers and Laboratory
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa