Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 817.4 Million | USD 1,206.2 Million | 6.7% | 2021 |
FrequentlyAsked Questions
The daily rise in skin burns is one of the main elements influencing the industry's expansion. Secondly, any type of operation on the body destroys the skin in that location; therefore, the rising prevalence of surgeries on people around the globe is another reason boosting the skin grafts market. Accidental injury or other illnesses, including cancer, necrotizing fasciitis, and skin damage, necessitate removal or repair, accounting for a sizable portion of the global skin graft market's expansion. Finally, policies for skin graft and skin grafting operation reimbursement have been tightened, which has increased the market's potential for growth.
According to the report, the global skin grafting system market was worth USD 817.4 million in 2021 and is estimated to grow to USD 1,206.2 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.7 percent during the forecast period.
North America is expected to dominate the worldwide skin grafting industry due to the early adoption of technology and higher purchasing power than other regions. The established healthcare infrastructure, presence of prominent players, favorable reimbursement policies, and rising adoption of advanced technologies and more effective procedures can all be attributed to the segment's growth in North America. Additionally, the presence of significant market participants in this region that are focusing on strategic initiatives like new product launches and mergers & acquisitions is anticipated to create lucrative growth opportunities.
Some of the main competitors dominating the global skin grafting system market include - PFM Medical, Zimmer Inc, Aesculap Inc, B. Braun Company, Integra Lifesciences, LUTZ blades, Exsurco Medical, Rudolf Storz, Spiggle & Theis, YGUN Surgical Instruments Co. Inc, and Desoutter Medical.
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