Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 691.3 Million | USD 2,027.60 Million | CAGR at 12.70% | 2023 |
According to the report published by Zion Market Research, the global Regenerative Artificial Skin Market size was valued at USD 691.3 Million in 2023 and is predicted to reach USD 2,027.60 Million by the end of 2032. The market is expected to grow with a CAGR of 12.70% during the forecast period. The report analyzes the global Regenerative Artificial Skin Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Regenerative Artificial Skin Market industry.
Artificial skin is normally obtained from the collagen and the body easily absorbs it and it also helps in generating new skin on the part that is affected. Continuous research works are being made by several market players for the development of the new technology in the artificial skin regeneration, which includes the development of the autologous spray on the skin.
In the British biotech company Intercytex, Paul Kemp and his colleagues developed the “living” skin which is comparatively better than the alternatives that are present as these are biodegraded in situ after a short duration of time. Tests proved that this new membrane gets completely integrated by 28 days which closes and heals the site of the wound.
The global market for the regenerative artificial skin is fragmented into its material type and end user.
Depending on the type of the material that is being used, the global market is segregated into temporary skin material, composite skin material, and permanent skin material.
Based on the end-user, the market is categorized into burn care centers, clinics, and hospitals.
The increase in the cases of the burn accidents and other road accidents that leads to fire and injuries contributes positively to the growth of the regenerative artificial skin market. Other factors such as an increase in the skin diseases, increased rate of acid attacks, and other body surgeries attribute positively to the growth of the market. There are certain factors that restrain the growth of the regenerative artificial market which include the regulatory approvals for the surgical procedures, the adoption by the body by regaining the natural structure.
Report Attributes | Report Details |
---|---|
Report Name | Regenerative Artificial Skin Market Research Report |
Market Size in 2023 | USD 691.3 Million |
Market Forecast in 2032 | USD 2,027.60 Million |
Growth Rate | CAGR of 12.70% |
Number of Pages | 196 |
Key Companies Covered | Mylan N.V., Smith & Nephew, Integra Life Sciences Corporation, Johnson & Johnson Services, Inc., and Mallinckrodt Plc. |
Segments Covered | By Material type, By End user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The main regional markets for the regenerative artificial skin market are Europe and North America. The factors that are supporting the growth of the market in these regions are a strong presence of some of the big market players and the increasing adoption of the procedures. In Asia Pacific region, the regenerative artificial skin market will experience a positive growth due to the increasing cases of the accidental burns and the rise in the cosmetic surgeries. In the developed nations such as the U.K., Australia, and the U.S., changes are being made in the burn management reforms thus having a good support for the growth of the regenerative artificial skin market.
The key market players that are involved in the regenerative artificial skin market include:
By Material type
By End user
Regenerative Artificial Skin Market: Regional Segment Analysis
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