The global regenerative artificial skin market is projected to grow at a CAGR of 5.5% during the forecast period. Rise in prevalence of chronic disorders such as diabetes and obesity, growing elderly population coupled with increase in traumatic injuries are key factors driving the global regenerative artificial skin market.
Adroit Market Research report on global regenerative artificial skin market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018 and 2019, with the base year of estimation as 2020 and forecast from 2021 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market based on Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global regenerative artificial skin market have been studied in detail.
Artificial skin is a collagen scaffold that stimulates human skin regeneration. Body fractures, traumas, and burns that are life-threatening require urgent surgical intervention to repair skin and prevent further complications. Regenerative artificial skin are majorly used in hospitals, clinics, critical care settings and burn care centers. Rise in burn injuries across the globe is a key factor likely to boost the global regenerative artificial skin market over the forecast period. According to World Health Organization (WHO), burns are responsible for an estimated 180,000 deaths per year, the vast majority of which occur in low- and middle-income countries. Lack of healthcare infrastructure and limited access to medical facilities in developing countries is expected to impede the growth of the market in the next few years.
The global regenerative artificial skin market has been segmented based on material type, end-user, and region. Based on material type, the regenerative artificial skin market is segmented into temporary skin material, composite skin material, and permanent skin material. Regenerative artificial skin is majorly adopted in hospitals, clinics, and burn care centers. Hospitals dominated the global regenerative artificial skin market in 2020. Burn care centers segment is anticipated to grow at a lucrative rate over the coming years. Specialized burn care centers make effective use of artificial skin technologies to treat burned skin.
North America dominated the global regenerative artificial skin market in 2020. Increase in prevalence of burn incidents, surging cases of chronic wounds, and wide availability of regenerative artificial skin in the region are key factors likely to drive the growth of the market in the next few years. In 2018, 12 million people died in traffic collisions in the United States. According to the National Safety Council, almost 4.4 million people were seriously injured in 2018, necessitating extensive medical care, including skin treatments. Presence of such large patient population will increase the demand for regenerative artificial skin in the future. Asia Pacific will create immense growth opportunities in the future owing to rise in burn injuries and road accidents, presence of large target population along with increase in prevalence of diabetes and obesity in countries such as India and China.
Major players operating in the global regenerative artificial skin market include Integra LifeSciences Corporation, Smith & Nephew plc, Mölnlycke Health Care AB, 3M, Medtronic plc, Mimedx Group, Avita Medical, Solsys Medical, Baxter Corporation among others.
Key Segments of the Global Regenerative Artificial Skin Market
Material Type Overview, 2018-2028 (USD Million)
- Temporary Skin Material
- Permanent Skin Material
- Composite Skin Material
End-users Overview, 2018-2028 (USD Million)
- Burn Care Centers
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC countries
- South Africa
Rest of Middle East & Africa