Regenerative Artificial Skin Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032

Report code : IS1324, Status : Published, Published on: Jun, 2023, Pages : 131 Pages, Format : PDF/PPT/Excel

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Description

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

Factors contributing to the growth of the Regenerative Artificial Skin Market:

The preference for minimally invasive procedures, the frequency of chronic wounds, and the increasing life expectancy are some of the factors driving the regenerative artificial skin sector. Moreover, the industry is being driven ahead by surgeons' and patients' increasing knowledge of the advantages of regenerating artificial skin products.

Since regenerative artificial skin products are more costly than standard wound care options, market expansion may be constrained. The potential for this market's expansion may also be limited by the scarcity of qualified professionals in developing countries.

With the prevalence of burns rising, the market for regenerative artificial skin is anticipated to expand. Additionally, it is anticipated that shortly, the incidence of skin damage will increase, as will the number of dangerous acid accidents and the number of major body procedures. This is one of the primary growth factors for the regenerative artificial skin market across the globe.

Growing number of people with skin problems is driving the growth of market

The growing number of people with skin problems is among the key factors driving the market for regenerating artificial skin. Each year, more new cases of skin cancer are reported than there are cases of the breast, prostate, lung, and colon combined. Due to the global prominence of skin carcinoma and other skin disorders, the market for regenerative artificial skin is expanding.

Strong medical infrastructure, the presence of international competitors, and technological breakthroughs all support the expansion of the regenerative artificial skin market mostly through the western hemisphere. The market for regenerative artificial skin is expected to increase in the coming years as more consumers prefer this type of skin treatment.

Chronic wounds are caused by inactive lifestyles, poor food habits, and chronic diseases including obesity and diabetes. The demand for rapid wound healing has grown significantly as a consequence of the increase in patients with diabetes. Obesity is also a leading cause of persistent wounds due to vascular insufficiency.

Vascular weakness results in poor oxygenation, which slows the normal healing of wounds and even leads to tissue necrosis in distal parts. Therefore, a rise in the prevalence of obesity and diabetes is predicted to drive the expansion of the Global Regenerative Artificial Skin Market during the forecast period.

The most significant and largest organ in the human body is the skin. The body's internal environment and surroundings are separated by the skin. The body's hydration balance is aided by the skin through perspiration and absorption. Skin also helps the body to defend against pathogens by prohibiting their entrance and fending off dangerous microbes.

First-degree burns only impact the skin's outermost layer and result in redness, discomfort, and swelling; second-degree burns harm the skin's inner and outer layers as well as have the potential to penetrate the dermis. All skin layers and internal organs are impacted by a third-degree burn. Our skin is capable of natural healing, however, in the case of second and third-degree burns, it may take longer resulting in sepsis or other infection possibilities.

Artificial skin is frequently constructed from collagen, which is readily absorbed by the body and assists in the formation of new skin on the injured section. Numerous companies are conducting research to develop novel artificial skin regeneration technologies, mostly based on collagen supplementation, such as Avita skin spray-based treatment.

Hinderances for growth:

It is expected that high costs for procedures and drug delivery, comprehensive skin care, and side effects of several skin treatments would hinder the market. In developing countries, the market is also constrained by a lack of awareness of regenerative skin treatment and products, a shortage of advanced healthcare facilities, and restricted access to those facilities. These factors are anticipated to cause a major hurdle and prohibit the progression of the global regenerative artificial skin market.

Regional forecast for regenerative artificial skin market:

In 2022, North America is anticipated to hold the largest market share, with the United States accounting for the largest portion of this regional market. Due to the strong presence of industrial players offering extremely cutting-edge and complex skin treatment therapies for patients all over the world, the US regenerative artificial skin market continues to be a vital market.

In Europe, the market for regenerative artificial skin is projected to reach a market share of 21% in 2022. The market growth of regenerative skin treatments in European nations is being driven by the significant presence of some of the key industry participants as well as the expanding use of these procedures. Asia Pacific region will see a lower growth prospective at the beginning of the forecast period, however, the global regenerative skin market is expected to evolve and grow in the latter half.

Key Players:

3M, Baxter Corporation, Integra Life Sciences Corporation, Mylan N.V., Mallinckrodt Plc., Molnlycke Health Care AB, Medtronic Plc., Mimedx Group, Johnson & Johnson Services, Inc., Smith & Nephew are some of the major players in this market. Some of the main factors influencing the market expansion of these companies include rising activities for research and development as well as innovative products by industry participants.

Global Regenerative Artificial Skin Market Segmentation:

By End User:

Hospitals
Clinics
Burn Care Centers

By Material Type:

By Geography

North America
- United States
- Canada
- Rest of North America
Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
South America
- Brazil
- Rest of South America

Table Of Content

Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
Market Synopsis: Global Regenerative Artificial Skin Market
Global Regenerative Artificial Skin Market Qualitative Analysis
- Trends
  - Market trends
  - Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
  - Driving Forces
  - Hindering Forces
  - Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Value Chain Analysis
Global Regenerative Artificial Skin Market Analysis and Forecast, by Material Type
- Overview and definitions
- Key segment analysis
- Global Regenerative Artificial Skin Market Estimates (US$ Mn), Material Type, 2019 – 2032
  - Temporary Skin Material
  - Single Layer Material
  - Bi-layered Material
  - Permanent Skin Material
  - Epidermal Skin Material
  - Dermal Skin Material
  - Composite Skin Material
  - Skin graft
  - Allograft
  - Xenograft
  - Engineered Skin Material

Global Regenerative Artificial Skin Market Analysis and Forecast, by End Use
- Overview and definitions
- Key segment analysis
- Global Regenerative Artificial Skin Market Estimates (US$ Mn), End Use, 2019 – 2032
  - Hospitals
  - Clinics
  - Burn Care Centers

Global Regenerative Artificial Skin Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Regenerative Artificial Skin Market Estimates (US$ Mn), by Region, 2019 – 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Regenerative Artificial Skin Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Regenerative Artificial Skin Market Estimates (US$ Mn), Material Type, 2019 – 2032
  - Temporary Skin Material
  - Single Layer Material
  - Bi-layered Material
  - Permanent Skin Material
  - Epidermal Skin Material
  - Dermal Skin Material
  - Composite Skin Material
  - Skin graft
  - Allograft
  - Xenograft
  - Engineered Skin Material
- North America Regenerative Artificial Skin Market Estimates (US$ Mn), End Use, 2019 – 2032
  - Hospitals
  - Clinics
  - Burn Care Centers
- North America Regenerative Artificial Skin Market Estimates (US$ Mn), by Country, 2019 – 2032
  - United States
  - Canada
  - Rest of North America

Europe Regenerative Artificial Skin Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Regenerative Artificial Skin Market Estimates (US$ Mn), Material Type, 2019 – 2032
  - Temporary Skin Material
  - Single Layer Material
  - Bi-layered Material
  - Permanent Skin Material
  - Epidermal Skin Material
  - Dermal Skin Material
  - Composite Skin Material
  - Skin graft
  - Allograft
  - Xenograft
  - Engineered Skin Material
- Europe Regenerative Artificial Skin Market Estimates (US$ Mn), End Use, 2019 – 2032
  - Hospitals
  - Clinics
  - Burn Care Centers
- Europe Regenerative Artificial Skin Market Estimates (US$ Mn), by Country, 2019 – 2032
  - Germany
  - United Kingdom
  - Italy
  - France
  - Spain
  - Rest of Europe

Asia Pacific Regenerative Artificial Skin Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Regenerative Artificial Skin Market Estimates (US$ Mn), Material Type, 2019 – 2032
  - Temporary Skin Material
  - Single Layer Material
  - Bi-layered Material
  - Permanent Skin Material
  - Epidermal Skin Material
  - Dermal Skin Material
  - Composite Skin Material
  - Skin graft
  - Allograft
  - Xenograft
  - Engineered Skin Material
- Asia Pacific Regenerative Artificial Skin Market Estimates (US$ Mn), End Use, 2019 – 2032
  - Hospitals
  - Clinics
  - Burn Care Centers
- Asia Pacific Regenerative Artificial Skin Market Estimates (US$ Mn), by Country, 2019 – 2032
  - China
  - Japan
  - South Korea
  - India
  - Australia
  - Rest of Asia Pacific

Middle East & Africa Regenerative Artificial Skin Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Regenerative Artificial Skin Market Estimates (US$ Mn), Material Type, 2019 – 2032
  - Temporary Skin Material
  - Single Layer Material
  - Bi-layered Material
  - Permanent Skin Material
  - Epidermal Skin Material
  - Dermal Skin Material
  - Composite Skin Material
  - Skin graft
  - Allograft
  - Xenograft
  - Engineered Skin Material
- Middle East & Africa Regenerative Artificial Skin Market Estimates (US$ Mn), End Use, 2019 – 2032
  - Hospitals
  - Clinics
  - Burn Care Centers
- Middle East & Africa Regenerative Artificial Skin Market Estimates (US$ Mn), by Country, 2019 – 2032
  - UAE
  - Saudi Arabia
  - South Africa
  - Rest of MEA

South America Regenerative Artificial Skin Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Regenerative Artificial Skin Market Estimates (US$ Mn), Material Type, 2019 – 2032
  - Temporary Skin Material
  - Single Layer Material
  - Bi-layered Material
  - Permanent Skin Material
  - Epidermal Skin Material
  - Dermal Skin Material
  - Composite Skin Material
  - Skin graft
  - Allograft
  - Xenograft
  - Engineered Skin Material
- South America Regenerative Artificial Skin Market Estimates (US$ Mn), End Use, 2019 – 2032
  - Hospitals
  - Clinics
  - Burn Care Centers
- South America Regenerative Artificial Skin Market Estimates (US$ Mn), by Country, 2019 – 2032
  - Brazil
  - Argentina
  - Rest of South America

Competition Analysis – Global Regenerative Artificial Skin Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
  - 3M
    - Business overview
    - Geographic presence
    - Product portfolio
    - Financial facts
    - Relevant news and strategic view
  - Baxter Corporation
  - Integra Life Sciences Corporation
  - Mylan N.V.
  - Mallinckrodt Plc.
  - Molnlycke Health Care AB
  - Medtronic Plc.
  - Mimedx Group
  - Johnson & Johnson Services, Inc.
  - Smith & Nephew

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Frequently asked questions about this report

What is the regenerative artificial skin market growth?

The regenerative artificial skin market is expected to grow at a CAGR of 10.1% between 2023 to 2032.

How big is the regenerative artificial skin market in 2021?

The regenerative artificial skin market size was estimated to be US$ 2.3 billion in 2021.

Who are the top players in the regenerative artificial skin market?

What the factors anticipated to propel the regenerative artificial skin market?

Increasing preference for minimally invasive procedures, the frequency of chronic wounds, and the increasing life expectancy are some of the factors driving the regenerative artificial skin market across the world.

Which segment accounted for the largest regenerative artificial skin market share?

In 2022, North America is anticipated to hold the largest market share, with the United States accounting for the largest portion of this regional market.