Amniotic Membrane Market: Overview
The innermost layer of the placenta that facilitates the development of the fetus during the period of pregnancy is called amniotic membrane. The amniotic membrane constitutes an avascular stromal matrix, a single epithelium layer, and a thick basement membrane. The amniotic membrane functions as a temporary graft and in the eyes, it acts as a basement membrane substitute. The membrane has anti-inflammatory and anti-scarring effects.
Amniotic Membrane Market: Facts
The amniotic membrane extract can be used for the treatment of the defects of the corneal epithelia. The development of this innovative product was based on the lyophilized human amniotic membrane which allowed the topical application to the ocular surface of infinite quantities of amniotic membrane biological factors.
Amniotic Membrane Market: Segmentation
The global market for the amniotic membrane is fragmented into its type, application, and the end-user industry. On the basis of the type, the global market is segregated into lyophilized amniotic membrane, cryopreservation amniotic membrane, and others. On the basis of the application, the market is categorized into ophthalmology, surgical wound, and others. On the basis of the end-user industry, the market is divided into research centers and laboratory, specialized clinics, ambulatory surgical centers, hospitals, and others.
Amniotic Membrane Market: Growth Factors
The new entrants that are entering in the market are making huge investments in the development of the amniotic membrane market thus being the major factor for the growth of the market in the coming years. Other favoring factors that are supporting the growth of the amniotic membrane market are an increase in the technological developments, the growing aging population, and the rise in the amniotic membrane transplants. The rise in the awareness among the people about the benefits of the amniotic membrane transplant is increasing the opportunities for the market to grow. There are some factors that will restrict the growth of the amniotic membrane market which include the increased cost of the procedure and the absence of the skilled and experienced professionals.
Amniotic Membrane Market: Regional Analysis
The region that is leading the amniotic membrane market is North America. The factors that favor the market growth in this region are the rise in the number of amniotic membrane transplant, improved healthcare facilities, increased presence of the medical device manufacturers, and the growing number of biotechnology and pharmaceutical industries. The region that is following North America is Asia Pacific. In the coming years, the market for the amniotic membrane will develop significantly in Asia Pacific region owing to the rise in the patient population and the increase in the healthcare spending. Europe is also contributing a good share in the market revenue.
Amniotic Membrane Market: Competitive Players
The key market players that are involved in the amniotic membrane market include FzioMed, Inc., Skye Biologics Inc., Amniox Medical, Inc., Human Regenerative Technologies, LLC, Applied Biologics, Derma Sciences Inc., Alliqua BioMedical, IOP Ophthalmics, MiMedx Group, Inc., Tissue-Tech Inc., and Amnio Technology.
Amniotic Membrane Market: Regional Segment Analysis
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