Report : Asia Pacific Amniotic Membrane Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Enzyme (Cryopreserved Amniotic Membrane, and Dehydrated Amniotic Membrane); Application (Surgical Wounds, Ophthalmology, and Others); End User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, and Research Institute and Academic Institutes), and Country
Cryopreserved amniotic membrane segment by Enzyme is estimated to lead the market growth during the forecast period
According to The Insight Partners market research study of “Asia Pacific Amniotic Membrane Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Enzyme, Application and End User,” The Asia Pacific amniotic membrane market was valued at US$ 279.28 million in 2019 and is projected to reach US$ 503.69 million by 2027; it is expected to grow at a CAGR of 7.8% during the forecast period.The growth of the Asia Pacific amniotic membrane market is mainly attributed to the factors such as rise in applications of amniotic membrane and growing geriatric population.
By enzyme, the Asia Pacific amniotic membrane market is segmented into cryopreserved amniotic membrane and dehydrated amniotic membrane. The cryopreserved amniotic membrane segment held a larger share of the market in 2019; whereas, the dehydrated amniotic membrane segment is anticipated to register a higher CAGR in the market during the forecast period.
Factors such as rising R&D investments in stem cell and regenerative medicine using cryopreservation technology would fuel the market growth. In the coming years, the market for the amniotic membrane will develop significantly in the Asia Pacific region due to the rise in the patient population, and the increase in their healthcare spending. Most of the countries in Asia Pacific are economically developing disposable income gradually. Various multinational companies are heavily investing in this region, and the rising number of AMT procedures in India and China are supporting growth of the amniotic membrane market.
Indian Council of Medical Research (ICMR), World Health Organization (WHO), and National Hospital Ambulatory Medical Care are among the major primary and secondary sources for the Asia Pacific Amniotic membrane market included in the report.
The report segments Asia Pacific Amniotic Membrane Market as follows:
Amniotic Membrane Market– By Enzyme
Amniotic Membrane Market– By Application
Amniotic Membrane Market – By End User
Amniotic Membrane Market - By Country