The Europe amniotic products market is expected to grow from US$ 362.61 million in 2022 to US$ 582.01 million by 2028; it is estimated to grow at a CAGR of 8.2% from 2022 to 2028.
Demand for wound care biologics, such as amniotic membranes, has increased significantly due to the high prevalence of burn wounds. In 2019, a total of 8,378,122 new burns cases were recorded (95% UI, 10,363,109–6,531,887 cases). Burn fatality rates have been declining in many high-income nations, but child burn deaths are now ~7 times greater in low- and middle-income countries than in high-income countries. From 1990 to 2019, the burden of burns declined progressively and was thought to be reduced in most regions. Moreover, according to the Children's Burn Trust and the British Burn Association, 625 children are admitted to an NHS Burns Service each month due to burn or scald injuries. In 2017, the NHS's burns and scalds services treated more than 15,000 patients with these injuries, with a total cost of more than US$ 24.94 million (i.e., GBP 20 million). Also, out of these patients, more than 40 cases were extremely serious, with treatment procedures costing more than US$ 118,455.50 (GBP 95,000) per person. Biologic materials are now used in various surgical procedures due to recent tissue harvesting, screening, and banking advancements. Burns, nerve regeneration, soft tissue reconstructive surgeries, ophthalmic surgeries, and diabetic foot ulcer surgeries are among the applications for amniotic membranes. Amniotic membrane has been demonstrated to improve healing rates, reduce infection rates, shorten hospital stays, and reduce the number of dressing changes required in burn patients. Therefore, it has a lot of scopes to improve outcomes and save money. The amniotic membrane is helpful in treating chronic wounds, such as diabetic foot ulcers. It also holds tremendous potential for the treatment of donor skin graft sites, wounds treated with skin grafts, and partial thickness burns. Thus, increasing burn cases are driving the amniotic product market in Europe.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe amniotic products market. The Europe amniotic products market is expected to grow at a good CAGR during the forecast period.
Europe Amniotic Products Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the Europe Amniotic Products provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Amniotic Products refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Europe Amniotic Products Strategic Insights
Europe Amniotic Products Report Scope
Report Attribute
Details
Market size in 2022
US$ 362.61 Million
Market Size by 2028
US$ 582.01 Million
Global CAGR (2022 - 2028)
8.2%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Type
By Application
By End User
Regions and Countries Covered
Europe
Market leaders and key company profiles
Europe Amniotic Products Regional Insights
Europe Amniotic Products Market Segmentation
The Europe amniotic products market is bifurcated based on type, application, end user and country. Based on type, the market is segmented into amniotic membranes, and amniotic suspensions. The amniotic membranes segment dominated the market in 2022 and is expected to be fastest growing during forecast period. Based on application, the market is segmented into wound care, orthopedics, ophthalmology, and other applications. The wound care segment dominated the market in 2022 and orthopedics segment is expected to be fastest growing during forecast period. Based on end user, the market is segmented into hospitals and clinics, ambulatory surgical centers, and other end users. The hospitals and clinics segment dominated the market in 2022 and ambulatory surgical centers segment is expected to be fastest growing during forecast period. Based on country, the Europe amniotic products market is segmented into the UK, Germany, France, Italy, Spain, and Rest of Europe.
Integra LifeSciences; Katena Products. Inc.; MiMedx; NuVision Biotherapies Ltd; Organogenesis, Inc.; Sanuwave and Sanuwave Health, Inc.; Smith & Nephew; and Stryker are among the leading companies in the Europe amniotic products market.
The Europe Amniotic Products Market is valued at US$ 362.61 Million in 2022, it is projected to reach US$ 582.01 Million by 2028.
As per our report Europe Amniotic Products Market, the market size is valued at US$ 362.61 Million in 2022, projecting it to reach US$ 582.01 Million by 2028. This translates to a CAGR of approximately 8.2% during the forecast period.
The Europe Amniotic Products Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Amniotic Products Market report:
The Europe Amniotic Products Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Amniotic Products Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Amniotic Products Market value chain can benefit from the information contained in a comprehensive market report.