Transparency Market Research has published a new report, titled “Tissue Engineered Skin Substitutes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023”. Based on the survey conducted, the report pegs the value of the global tissue engineered skin substitutes market at US$0.9 bn in 2014. The market, exhibiting an impressive CAGR of 17.20% between 2015 and 2023, is likely to reach US$3.8 bn by 2023.
Browse the full Tissue Engineered Skin Substitutes Market (by Type - Acellular, Cellular Allogeneic, Cellular Autologous, and Others; by Application - Burn Injury, Diabetic/Vascular Ulcer, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023 report at http://www.transparencymarketresearch.com/tissue-engineered-skin-substitute.html
Artificial skin substitutes or skin substitutes are derived from human tissue, synthetic materials, non-human tissue, or a combination of these materials. Tissue engineered skin substitutes are made up of cells, combination of matrices and cells, and extracellular matrix. In the past few years, the market for tissue engineered skin substitutes has been witnessing growth at a significant pace owing to the rise in the number of vascular ulcer and diabetes patients. Furthermore, as the geriatric population around the world increases, it is subsequently expected to boost the demand for tissue engineered skin substitutes.
The market, according to the report, has gained much demand due to the rise in medical tourism in the emerging economies of Asia. However, despite witnessing lucrative prospects worldwide, the risk of disease transmission and absence of favorable reimbursement policies in major economies could hamper the overall growth of the market during the period from 2015 to 2023, as per the information published in the report.
To provide a holistic overview, the report segments the global tissue engineered skin substitutes market into acellular, cellular autologous, cellular allogeneic, and others. Of these, the acellular skin segment held the largest share of the market in 2014 and is expected to rise at the highest CAGR between 2015 and 2023. The growth of this segment is mainly helped by the low cost and easy availability of these tissue engineered skin variants. Moreover, increasing preference for acellular skin substitutes than implant-based skin surgery is also likely to fuel demand from the global tissue engineered skin substitutes market, states the report. As per the American Society of Plastic Surgeons, more than 50% of plastic surgeons in the U.S. preferred using acellular matrix for skin surgeries in 2012. The growing demand from acellular skin substitutes, particularly from the developed nations, will therefore boost the global tissue engineered skin substitutes market.
In terms of application, the report segments the global market for tissue engineered skin substitutes into diabetic/vascular, burn injury, and others. Of these, the diabetic/vascular segment held the largest share in the market in 2014, and as per the report, the segment will rise at the highest CAGR during the forecast period.To present a comprehensive overview of the market, the report also profiles companies such as BSN medical, 3M Health Care, Mölnlycke Health, Medtronic, Integra LifeSciences Corporation, and Acelity, L.P., Inc.
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The global tissue engineered skin substitutes market is segmented as follows:
Global Tissue Engineered Skin Substitutes Market, by Type
- Acellular
- Cellular Allogeneic
- Cellular Autologous
- Others
Global Tissue Engineered Skin Substitutes Market, by Application
- Burn Injury
- Diabetic/Vascular Ulcer
- Others
Global Tissue Engineered Skin Substitutes Market, by Geography
- North America
- U.S.
- Canada
- Europe
- U.K
- Germany
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Rest of APAC
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of LATAM
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
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