Regenerative Artificial Skin Market Grows at Ambitious CAGR of 10.1% from 2023-2032, Driven by Rising Incidence of Chronic Wounds | overviewSLICE

The Global Regenerative Artificial Skin the market size was estimated at US$2.3 billion in 2021 and is expected to grow at a CAGR of 10.1% Between 2023 to 2032.

The skin is the most important and largest organ in the body. The skin serves as a barrier between the external environment and the interior of the body. The skin contributes to the body’s natural water balance through perspiration and absorption. By blocking their entry and repelling harmful microorganisms, the skin also contributes to the body’s defense against pathogens.

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Key segments of the global regenerative artificial skin market:

Per end user:

  • Hospitals
  • Clinics
  • Burn care centers

By type of material:

  • temporary skin material
  • Single layer material
  • Two-layer material
  • Permanent skin material
  • Epidermal skin material
  • Dermal skin material
  • Composite skin material
  • Skin graft
  • allograft
  • Xenograft
  • Engineered skin material

By geography

  • North America
    • United States
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • The rest of Europe
  • Asia Pacific
    • Japan
    • India
    • China
    • Australia
    • Rest of Asia-Pacific
  • Middle East and Africa
    • United Arab Emirates
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East and Africa
  • South America
    • Brazil
    • Rest of South America

First degree burns only affect the outer layer of the skin without any major damage, second degree burns injure both the inner and outer layers of the skin, with the potential to penetrate the dermis.

A third degree burn affects all layers of the skin and internal organs. Our skin is capable of spontaneous healing; but second and third degree burns may take longer, possibly leading to sepsis or other infection.

Artificial skin is usually made up of collagen, which is easily used by the body and promotes the creation of new skin over the injured area.

Many companies are pursuing research to develop breakthrough artificial skin regeneration technologies, the majority of which are based on collagen supplementation, such as the Avita dermal spray treatment.

Key Players of the Global Regenerative Artificial Skin Market are:

Some of the major companies operating in this market include 3M, Baxter Corporation, Integra Life Sciences Corporation, Mylan NV, Mallinckrodt Plc., Molnlycke Health Care AB, Medtronic Plc., Mimedx Group, Johnson & Johnson Services, Inc., and Smith & Nephew. . Increase in R&D activities, along with innovative goods from industry players, are some of the major reasons encouraging their expansion in the market.

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Factors accelerating the demand for artificial skin

Some of the causes propelling the artificial skin regeneration industry are the preference for minimally invasive procedures, the prevalence of chronic wounds, and increasing life expectancy.

Additionally, the industry is being propelled forward by clinicians’ and consumers’ growing understanding of the benefits of artificial skin regeneration products.

Since regenerative artificial skin solutions are more expensive than normal wound treatment options, market growth may be limited. The low availability of qualified specialists in developing countries is also a limiting factor for the growth of this sector.

With the increase in the number of accidental injuries and burns, the market for regenerative artificial skin is expected to increase. In addition, the incidence of skin lesions, as well as the number of hazardous chemical spills and major surgeries, are expected to increase in the near future. It is one of the major growth factors in the global regenerative artificial skin industry.

Awareness and Rising Instances of Skin Diseases Drive Artificial Skin Market Growth

One of the major drivers of the artificial skin regeneration market is the growing number of people with skin diseases. Each year, more new cases of skin cancer are reported than cases of breast, prostate, lung and colon cancer combined.

The artificial skin regeneration market is growing due to the worldwide prevalence of skin cancer and other skin problems. Strong medical infrastructure, existence of international competitors, and technological developments are all contributing to the growth of the regenerative artificial skin market, which is mainly concentrated in the western hemisphere.

As more and more people prefer this type of skin treatment, the regenerative artificial skin market is likely to grow in the coming years.

Chronic wounds are caused by sedentary lifestyles, poor dietary habits and chronic diseases such as obesity and diabetes. Due to the increase in the number of diabetic patients, the demand for rapid wound healing has increased significantly.

Obesity is also a major cause of chronic wounds caused by vascular insufficiency. Vascular weakness leads to poor oxygenation, which slows wound healing and can even lead to tissue necrosis in distal areas.

Accordingly, an increase in the prevalence of obesity and diabetes is expected to fuel the growth of the global regenerative artificial skin market throughout the forecast period.

Regional Performance of the Regenerative Artificial Skin Market

North America is expected to have the largest market share and the United States will account for the major part of this market. The US regenerative artificial skin market is pivotal owing to the large presence of industrial companies offering exceptionally advanced and complex skin treatment solutions for patients across the globe.

In Europe, the regenerative artificial skin market is expected to reach 20.3% in 2022. The considerable presence of some of the major players in the industry, as well as the increasing use of these procedures, are driving the expansion of the treatments market. regenerative skin diseases in Europe. nations.

The Asia-Pacific region will have a reduced growth prospect at the start of the forecast period, but the global regenerative skin market is expected to adapt and increase in the second half.

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Factors limiting the Artificial Skin Market growth

High costs of operations and drug administration, comprehensive skin care, and adverse effects of various skin treatments are expected to hamper the industry in the near future.

The developing country market is further hampered by a lack of understanding of skin rejuvenation treatments and products, a shortage of modern healthcare facilities and limited access to such facilities. This factor is expected to act as a major impediment for the growth of the global regenerative artificial skin industry.

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