Regenerative Artificial Skin Market Worth Around 2411.6 Million USD by 2024 With Exponential CAGR 21.5% In Global Market
Global Regenerative Artificial Skin Market is expected to reach 2,411.6 million in 2024, at an exponential CAGR of 21.5%.
Factors driving the growth of the market are; high prevalence of burn cases worldwide, demand for efficient treatment of acid accident victims, and increasing need for wound healing treatment. Furthermore, increasing applications of artificial skin in cosmetics is further augmenting market growth. Moreover, rapid advancement in technology is also propelling the growth of the market.
The years used for the assessment are as follows:
Historical year: 2014, 2015 and 2016
Base year: 2017
Forecast period: 2018 ndash; 2024
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The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are:
Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the total regenerative artificial skin market and it various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global regenerative artificial skin market.
Finalizing the overall size and share for the global regenerative artificial skin market
To classify the global regenerative artificial skin market into segments on the basis of type, applications, and region and analyze their growth prospects individually
To analyze market trends, opportunities, drivers and restraints associated with the global regenerative artificial skin market
Profiling key companies operating in the global regenerative artificial skin market
To study market response with respect to the mergers and acquisitions in the industry
The research scope for global regenerative artificial skin market is as follows:
By Material Type:
Temporary Skin Material
Single layer material
Permanent Skin Material
Epidermal skin material
Dermal skin material
Composite skin Material
Engineered skin material
Burn Care Centers
Rest of the Europe
Rest of Asia-Pacific
Central amp; South America
Rest of Latin America
Middle East and Africa
Rest of MEA
Skin is like a membrane and acts as a protective covering that keeps internal organs safe and infections out. However, in cases where the skin is severely damaged or burn, the human body becomes incapable of healing quickly. There are numerous commercial products that can be used to substitute the skin permanently or temporarily. Owing to the advancements in artificial skin, significant tissue damage can be treated easily.
Skin is responsible for the regulation of temperature in the body and also assists in maintaining dampness level in the body. It is a biggest external organ that is hard to replace when it gets severely damaged. There are several kinds of skin substitutes that can be used in skin diseases and burn cases. The artificial skin has the ability to restore physiological function and skin anatomy. It is majorly implanted in patients suffering from severe skin lesions, such as third-degree burns, ulcers and bedsores. The structure functions as a support that permits the uppermost component of the skin (epidermis) to proliferate.
North America is expected to dominate the global artificial skin market during 2018-2024. The growth is driven by presence of major key players in the region. Asia-Pacific is expected to register the highest CAGR during the forecast period. The growth is attributed to the rising incidences of the accidental burn cases, and growing number of cosmetic surgeries in the APAC region.
Key players operating in the global regenerative artificial skin market includes Integra Life Sciences Corporation, Mylan N.V., Johnson amp; Johnson Services, Inc., Smith amp; Nephew, and Mallinckrodt plc. among others.
Few Significant Points From Table Of Contents:
Global Regenerative Artificial Skin Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation amp; Forecast 2024
CHAPTER 1. Market Scope and Methodology
CHAPTER 2. Executive Summary
CHAPTER 3. Industry Analysis
CHAPTER 4. Competitive Outlook
CHAPTER 5. Global Regenerative Artificial Skin Market Size and Forecast (2014 ndash; 2024)
CHAPTER 6. Global Regenerative Artificial Skin Market Size and Forecast, By Geography (2014-2024)
CHAPTER 7. Key Players and Strategic Developments
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