Inkwood Research predicts that the Global Amniotic Membrane Market is evaluated to register a CAGR of 7.27% during the forecasted period of 2023-2032.
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Amniotic membrane (AM) is the innermost layer of the placenta, with an avascular stromal matrix and a thick basement membrane. It is being used as a dressing or graft in different surgical subspecialties. Also, it is used broadly in the field of ophthalmology.
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Increasing Research on Stem Cell & Regenerative Medicine drives Market Growth
Regenerative medicine is an emerging field focused on replacing, regenerating, and repairing tissues, cells, and organs. It happens in the patient’s body by using their system as a bioreactor. For instance, cell therapy. It entails stem cell transportation that can proliferate, replace, and differentiate damaged host cells.
The source of stem cells has been intensified, given the advancements in the field of regenerative medicine. Subsequently, the amniotic fluid (AF) is considered to be an alternative source of stem cells for tissue generation. AF cells can be used for autologous or allogeneic transplantation. Both AF and AM have a long history of use in prenatal diagnostic and surgical applications. These are also capable of stimulating and protecting injured tissues through paracrine actions. Besides, they act as vectors for the bio-delivery of exogenous factors to treat diseases and injuries.
Fastest-Growing Product: Lyophilization Amniotic Membrane (LAM)
There are several methods to preserve amniotic membranes. These include fresh, media preserved or deep-frozen in propylene glycol. The freeze-dried, sterilized AM is also known as lyophilization, a preservation method that uses the drying-by-freezing process for AM sustenance.
As per clinical research, LAM is a good option to preserve the human amniotic membrane that is to be utilized for ocular surface reconstruction. In addition, this method decreases preservation costs. Moreover, it preserves the beneficial properties of ocular bandages.
Fastest-Growing Region: Asia-Pacific
The Asia-Pacific amniotic membrane market growth is accredited to the increasing geriatric population and the rising applications of AM. In addition, the increasing R&D investments in regenerative medicine and stem cells offer growth opportunities. Besides, the growing disposable income in various countries of the region, the surging investments by several multinational companies, and the increasing number of AMT procedures contribute to market demands.
The market is fragmented and not consolidated. Some of the major market players are BioTissue Inc, SurgiLogix Llc, MiMedx Group Inc, Amino Technology LLC, etc.
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