Global Tissue Engineered Skin Substitute Market

   2021-02-05       18        Agriculture
Rating :
Global Tissue Engineered Skin Substitute Market was valued US$ Bn. in 2019 and the total revenue is expected to grow at 13.5% through 2019 to 2027, reaching US$ Bn.

Global Tissue Engineered Skin Substitute Market was valued US$  Bn. in 2019 and the total revenue is expected to grow at 13.5% through 2019 to 2027, reaching US$  Bn.

Global Tissue Engineered Skin Substitute Market

The report has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.

Tissue engineering is a technique used to improve, maintain, and restore damaged organs & tissues. It grows functional tissues as a substitute to natural ones by a grouping of scaffolds, physically active cells and molecules. The skin substitute is developed by using non-human tissue or human tissue, or a combination of both. The technique is usually used in the treatment of burns, chronic wounds and acute wounds.

The market for tissue-engineered skin substitute is expected to grow significantly in forecast period because of the rise in the incidence of other skin diseases like burn injuries. Researchers are focusing on establishing new construction technologies in the arena of skin tissue engineering, which is likely to offer an opportunity for the major growth in tissue-engineered skin substitute market. The 3-D bio textile and bio printing have emerged as dominant tools in the tissue-engineered skin substitute market globally.

Growing prevalence of diabetes is estimated to boost the market. This is because the risk of emerging diabetic foot ulcer in diabetic patients. As per the WHO report, the incidence of diabetes for all age-groups was projected to be 2.8 % in 2000 & estimated to increase to 4.4 % in 2030. The total number of people with diabetes is expected to rise from 171 Mn. in 2000 to 366 Mn. in 2030. Therefore, the prevalence of diabetes, related complications is likely to upsurge the demand for tissue engineered skin substitute over 2019-2027.

The report covers the segments in the tissue engineered skin substitute markets by product, application, and end-use. By product, the biological segment was valued US$ Mn. in 2019 and is expected to reach US$  Mn. by 2027 at a CAGR of 33% over the forecast period. This is attributed to the growing prevalence of acute wounds across the world. The major benefit of biological tissue engineered skin substitutes is that skin is easily available from the patient.

North America is expected to continue to dominate the market with  share in global tissue engineered skin substitute market because of the growing incidence of chronic wounds. People with diabetes require effective and proper therapeutics, and henceforth the demand for incretin-based drugs is witnessing a significant upsurge across the USA.

In Canada, the prevalence of diabetes amongst adults is 10.2% and nearby 3.6 Mn. patients were suffering from diabetes in 2017. Some patients suffering from type-2 diabetes is 94.5 % of the diabetic population. It drives the demand for tissue engineered market of region.

The competitive landscape section in the tissue engineered skin substitute market offers a deep dive into the profiles of the leading companies operating in the global market landscape. It offers captivating insights on the key developments, differential strategies, and other crucial aspects about the key players having a stronghold in the tissue engineered skin substitute market.

 

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Global Tissue Engineered Skin Substitute Market

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pallavi narwade

About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healt..


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