The Amniotic membrane market is expected to reach US$ 1175.2million in 2027 from US$ 667.4million in 2019. The market is estimated to grow with a CAGR of 7.5% from 2020-2027.
Human amniotic membrane is the innermost fetal layer, lining the amniotic cavity and protecting the fetus during pregnancy. The outer layer, termed chorionic membrane, further separates the fetus from maternal tissues. Various researches focusing on the physiological functions of fetal layers have shown that amniotic membrane not only provides physical support for the fetus but also serves as a metabolically active filter through direct interaction with amniotic fluid. The translucent, avascular, low immunogenic, anti-inflammatory, anti-scarring, and wound healing properties of amniotic membrane allow this material function beyond its role in vivo and assume a wide range of applications in regenerative medicine. The scope of the amniotic membrane market includes enzyme, application, end user, and region.
US Amniotic Membrane Market Revenue and Forecasts to 2027 (US$ MN)
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Market Insights
High Demand for Cosmetic Surgeries
The emerging cosmetic surgery markets in the developing countries are the major factor that is giving a better opportunity for the market players to expand their business. Cosmetic surgeries are becoming a main reason for the market growth in the forecast period. Most of the key market players focus on emerging market such as US due to a growth in the number of surgeries and the increasing popularity of amniotic membrane products. Amniotic membranes are also used in reconstructive surgeries to reduce scarring and promote healing of the skin. Based on the estimates from the American Society of Plastic Surgeons, about 17.5 million surgical cosmetic procedures were done in the U.S. in 2017. These facts are indicative of the increasing number of individuals undergoing surgery to enhance their aesthetic appeal. Thus, high product demand in cosmetic surgeries is boosting the market growth. These products are also used in reconstructive procedures, which is also propelling their demand. Usage of amniotic membranes for burn injury treatments enables rapid wound healing and epithelialization. It is also proven to reduce pain and facilitate easy movement of the affected area. Since the usage of this method proves to be cheaper than xenografts and allografts, it is increasingly being used across the globe, which is accelerating the segment growth.
Enzyme- Based Market Insights
Based on enzyme, the amniotic membrane market, by enzyme, is segmented into cryopreserved amniotic membrane, and dehydrated amniotic membrane. The cryopreserved amniotic membrane segment held the largest share of the market in 2019, whereas the dehydrated amniotic membrane segment is anticipated to register the highest CAGR in the market during the forecast period.
North America Amniotic Membrane Market, by Enzyme – 2019 and 2027
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Application- Based Market Insights
Based on application, the amniotic membrane market, by application, is segmented into surgical wounds, ophthalmology, and others. The surgical wounds segment held the largest share of the market in 2019, also the segment is anticipated to register the highest CAGR in the market during the forecast period.
End-user- Based Market Insights
Based on end-user, the amniotic membrane market is segmented into hospitals, ambulatory surgical centers, specialty clinics, research institute and academic institutes. The hospitals segment held the largest share of the market in 2019. Moreover, the ambulatory surgical centers segment is estimated to register the highest CAGR in the market during the forecast period.
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North America Amniotic Membrane Market: Strategic Insights
Market Size Value in US$ 667.4Million in 2019 Market Size Value by US$ 1175.2Million by 2027 Growth rate CAGR of 7.5% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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North America Amniotic Membrane Market: Strategic Insights
| Market Size Value in | US$ 667.4Million in 2019 |
| Market Size Value by | US$ 1175.2Million by 2027 |
| Growth rate | CAGR of 7.5% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The Growth in Derived Products from Amniotic Membranes
Product launches and approvals are commonly adopted strategies by companies to expand their footprint worldwide and meet the growing demand. The players operating in the amniotic membrane market adopt the expansion, collaboration, and product launch strategies to enlarge customer base across the world. These strategies allow the players to maintain their brand name globally. For instance, in August 2020, Bio-Tissue, Inc., a TissueTech, Inc. company in the US, has developed PROKERA Slim corneal bandage, which is approved in Taiwan for the use of ocular surface disease and disorders. Also, companies are offering innovative products to treat various ulcers, wounds, and injuries caused due to several chronic diseases.
NORTH AMERICA AMNIOTIC MEMBRANE MARKET SEGMENTATION
By Enzyme
- Cryopreserved Amniotic Membrane
- Dehydrated Amniotic Membrane
By Application
- Surgical Wounds
- Ophthalmology
- Others
By End User
- Hospitals
- Ambulatory Surgical Centers
- Speciality Clinics
- Research Institute and Academic Institutes
By Country
North America
- US
- Canada
- Mexico
Company Profiles
- Surgenex, LLC
- Amnio Technology, LLC
- Katena Products. Inc
- Amniox Medical, Inc
- Smith & Nephew
- Organogenesis Inc
- MiMedx
- Skye Biologics Inc.
- Integra Life Sciences Corporation
- Applied Biologics LLC
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Enzyme, Application, End User, Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Amniotic Membrane Market – By Enzyme
1.3.2 North America Amniotic Membrane Market – By Application
1.3.3 North America Amniotic Membrane Market– By End User
1.3.4 North America Amniotic Membrane Market – By Country
2. North America Amniotic Membrane Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Amniotic Membrane Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Amniotic Membrane Market - North America PEST Analysis
4.3 Expert Opinion
5. North America Amniotic Membrane Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 High Implementation of Amniotic Membrane in Medical Science
5.1.2 New Developments and Increased Investments in Amniotic Membranes
5.2 Key Market Restraints
5.2.1 Limitations Encountered While Using Amniotic Membranes
5.3 Market Opportunities
5.3.1 High Demand for Cosmetic Surgeries
5.4 Future Trends
5.4.1 Growth in Derived Products From Amniotic Membranes
5.5 Impact Analysis
6. Amniotic Membrane Market – North America Analysis
6.1 North America Amniotic Membrane Market Revenue Forecasts and Analysis
7. North America Amniotic Membrane Market Analysis and Forecasts To 2027 – By Enzyme
7.1 Overview
7.2 North America Amniotic Membrane Market, By Enzyme 2019& 2027 (%)
7.2.1 North America Amniotic Membrane Market Revenue and Forecasts to 2027, By Enzyme (US$ Mn)
7.3 Cryopreserved Amniotic Membrane
7.3.1 Overview
7.3.2 Cryopreserved: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Dehydrated Amniotic Membrane
7.4.1 Overview
7.4.2 Dehydrated Amniotic Membrane: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
8. North America Amniotic Membrane Market Analysis – By Application
8.1 Overview
8.2 Amniotic Membrane Market Revenue Share, by Application (2019 and 2027)
8.2.1 North America Amniotic Membrane Market Revenue and Forecasts to 2027, By Application (US$ Mn)
8.3 Surgical Wounds
8.3.1 Overview
8.3.2 Surgical Wounds: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Ophthalmology
8.4.1 Overview
8.4.2 Ophthalmology: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
9. North America Amniotic Membrane Market Analysis – By End-User
9.1 Overview
9.2 North America Amniotic Membrane Market, By End-User 2019-2027 (%)
9.2.1 North America Amniotic Membrane Market Revenue and Forecasts to 2027, By End-User (US$ Mn)
9.3 Hospitals
9.3.1 Overview
9.3.2 North America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Ambulatory Surgical Centers
9.4.1 Overview
9.4.2 Ambulatory Surgical Centers : Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Research Institutes and Academic Institutes
9.5.1 Overview
9.5.2 Research Institutes and Academic Institutes: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Specialty Clinics
9.6.1 Overview
9.6.2 Specialty Clinics: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
10. Amniotic Membrane Market Revenue and Forecasts To 2027 – Geographical Analysis
10.1 North America: Amniotic Membrane Market
10.1.1 Overview
10.1.2 North America: Amniotic Membrane Market – Revenue and Forecast to 2027 (USD Million)
10.1.3 North America: Amniotic Membrane Market, by Enzyme – Revenue and Forecast to 2027 (USD Million)
10.1.4 North America: Amniotic Membrane Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.5 North America: Amniotic Membrane Market, By End User – Revenue and Forecast to 2027 (USD Million)
10.1.6 North America: Amniotic Membrane Market, by Country, 2019 & 2027 (%)
10.1.7 US: Amniotic Membrane Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.1 US: Amniotic Membrane Market – Revenue and Forecast to 2027 (USD Million)
10.1.7.2 US: Amniotic Membrane Market, by Enzyme – Revenue and Forecast to 2027 (USD Million)
10.1.7.3 US: Amniotic Membrane Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.7.4 US: Amniotic Membrane Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.1.8 Canada: Amniotic Membrane Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.1 Canada: Amniotic Membrane Market – Revenue and Forecast to 2027 (USD Million)
10.1.8.2 Canada: Amniotic Membrane Market, by Enzyme – Revenue and Forecast to 2027 (USD Million)
10.1.8.3 Canada: Amniotic Membrane Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.8.4 Canada: Amniotic Membrane Market, by End User – Revenue and Forecast to 2027 (USD Million)
10.1.9 Mexico: Amniotic Membrane Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.1 Mexico: Amniotic Membrane Market – Revenue and Forecast to 2027 (USD Million)
10.1.9.2 Mexico: Amniotic Membrane Market, by Enzyme – Revenue and Forecast to 2027 (USD Million)
10.1.9.3 Mexico: Amniotic Membrane Market, by Application – Revenue and Forecast to 2027 (USD Million)
10.1.9.4 Mexico: Amniotic Membrane Market, End User – Revenue and Forecast to 2027 (USD Million)
11. Impact Of COVID-19 Pandemic on North America Amniotic Membrane Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. COMPANY PROFILES
12.1 Applied Biologics LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Integra Life Sciences Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Skye Biologics Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 MiMedx
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of terms
LIST OF TABLES
Table 1. North America Amniotic Membrane Market Revenue and Forecasts To 2027, By Enzyme (US$ Mn)
Table 2. North America Amniotic Membrane Market Revenue and Forecasts To 2027, By Application (US$ Mn)
Table 3. North America Amniotic Membrane Market Revenue and Forecasts To 2027, By End-User (US$ Mn)
Table 4. North America: Amniotic Membrane Market, by Enzyme – Revenue and Forecast to 2027 (USD Million)
Table 5. North America: Amniotic Membrane Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 6. North America: Amniotic Membrane Market, By End User – Revenue and Forecast to 2027 (USD Million)
Table 7. US: Amniotic Membrane Market, by Enzyme – Revenue and Forecast to 2027 (USD Million)
Table 8. US: Amniotic Membrane Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 9. US: Amniotic Membrane Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 10. Canada: Amniotic Membrane Market, by Enzyme – Revenue and Forecast to 2027 (USD Million)
Table 11. Canada: Amniotic Membrane Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 12. Canada: Amniotic Membrane Market, by End User – Revenue and Forecast to 2027 (USD Million)
Table 13. Mexico: Amniotic Membrane Market, by Enzyme – Revenue and Forecast to 2027 (USD Million)
Table 14. Mexico: Amniotic Membrane Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 15. Mexico: Amniotic Membrane Market, End User – Revenue and Forecast to 2027 (USD Million)
Table 16. Glossary of Terms, Amniotic Membrane Market
LIST OF FIGURES
Figure 1. Amniotic Membrane Market Segmentation
Figure 2. North America Amniotic Membrane Market Overview
Figure 3. Cryopreserved Amniotic Membrane Segment Held Largest Share of Enzyme in Amniotic Membrane Market
Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Amniotic Membrane Market - North America PEST Analysis
Figure 6. Amniotic Membrane Market Impact Analysis of Driver and Restraints
Figure 7. North America Amniotic Membrane Market – Revenue Forecasts and Analysis – 2019- 2027
Figure 8. North America Amniotic Membrane Market, By Enzyme 2019 & 2027 (%)
Figure 9. Cryopreserved: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
Figure 10. Dehydrated Amniotic Membrane Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. Amniotic Membrane Market Revenue Share, by Application (2019 and 2027)
Figure 12. Surgical Wounds: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Ophthalmology: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Others: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. North America Amniotic Membrane Market, by End-User 2019 & 2027 (%)
Figure 16. North America Hospitals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Ambulatory Surgical Centers : Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Research Institutes and Academic Institutes: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Specialty Clinics: Amniotic Membrane Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. North America: Amniotic Membrane Market, by Key Country – Revenue (2019) (USD Million)
Figure 21. North America: Amniotic Membrane Market Revenue and Forecast to 2027 (USD Million)
Figure 22. North America: Amniotic Membrane Market, by Country, 2019 & 2027 (%)
Figure 23. US: Amniotic Membrane Market – Revenue and Forecast to 2027 (USD Million)
Figure 24. Canada: Amniotic Membrane Market – Revenue and Forecast to 2027 (USD Million)
Figure 25. Mexico: Amniotic Membrane Market – Revenue and Forecast to 2027 (USD Million)
Figure 26. Impact of COVID-19 Pandemic in North American Country Market
The List of Companies - North America Amniotic Membrane Market
- Surgenex, LLC
- Amnio Technology, LLC
- Katena Products. Inc
- Amniox Medical, Inc
- Smith & Nephew
- Organogenesis Inc
- MiMedx
- Skye Biologics Inc.
- Integra Life Sciences Corporation
- Applied Biologics LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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