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The global skin graft market is expected to reach USD 7.5 billion by 2023, with a projected CAGR of ~ 13.5 % during the estimated period, 2017-2023.
The report titled “Skin Graft Market -Forecast to 2023″ is a direct appreciation by Market Research Future of the market potential of the Skin Graft Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market!
Global Skin Graft Market – Regional Analysis:
The North America accounts for the largest share of the global skin graft market. Presence of a large number of the market players within the region and developed economies like the U.S. and Canada within North America boosts the American market growth. Following the same trends, Europe is estimated to be the second largest market share holder of the market. Asia Pacific is the fastest growing for the global skin graft market owing to rising patient population and increasing healthcare expenditures by the developing economies like India and China within the region. However, the Middle East & Africa is estimated to be the least market share holder for the global skin graft market.
Global Skin Graft Market – Major Players:
Organogenesis, Inc., Specmed Medical, Stratatech Corp, Tissue Regenix Group PLC, Avita Medical, Convatec Inc, Medrotonic, Coloplast, B.Braun Melsungen, zimmerbiomet, Stratatech Corporation, Zimmer Biomet and others are some of the prominent players at the forefront of competition in the Global Skin Graft Market and are profiled in MRFR Analysis.
Global Skin Graft Market – Overview:
Skin grafting is referred to as a surgical procedure which involves removing the skin from one part of the body and replacing it on another part. This involves the transplantation process. This surgery is aimed to treat done that body part which has lost its protective covering of skin due a variety of the factors such as accidental burns, injury, or illness. Skin grafts procedures are performed in a hospital based settings under the application of general anaesthesia. Autologous, isogeneic, allogeneic, and xenogeneic are some of the major types of the skin grafts. Rising cases of accidents, burns and surgeries requiring removal of skin followed by the loss of skin due to infection including necrotizing fasciitis or purpura fulminans and cancer are some of the major estimated drivers for the market growth, during the forecast period. In 2015, according to the Skin Cancer Foundation, approximately more than 5.4 million cases of non-melanoma skin cancer were treated in approximately 3.3 million people within the U.S. in the year, 2012. Moreover, it was estimated that one in every five Americans is diagnosed with skin cancer by the age of 70 or more. However, factors such as risks of infection, anaesthesia related allergies and high cost of treatment may restrain the market for skin grafting during the forecast period.
Global Skin Graft Market – Competitive Analysis:
A large number of market players are present in the global skin graft market. The competition amongst the market players is increasing. They are adopting the strategy of acquisition, collaboration, product launches to maintain their position in the market and uncap the new markets.
In March, 2017- Organogenesis Inc., a commercial leader in the field of regenerative medicine, is expanding beyond wound care with the acquisition of NuTech Medical. The newly combined company have the capability to offer a portfolio of advanced and next generation products inclined for wound care and surgical biologics markets. NuTech Medical was an emerging player, and offered a diversified portfolio of amniotic products for a variety of surgical and wound care needs.
In Aug, 2016- Mallinckrodt plc, which is a leading specialty pharmaceutical company, acquired Stratatech Corporation, which is a privately held company and deals in the regenerative medicine market being focused on the development of unique and proprietary skin substitute products. Its various developmental products are inclusive of regenerative skin tissue and technology platforms for enhanced skin tissues.
In August, 2017- Tissue Regenix Group plc which is a UK- based regenerative medical company completed acquisition of a U.S. based firm which was primarily known to be specialist in regenerative osteoinductive bone scaffolds, i.e., CellRight Technologies LLC. The acquisition expanded the Tissue Regenix Group plc’s presence in the U.S. market. This was seen as an increases in the U.S. sales byapproximatelt to twice. This brought the two companies which have highly complementary technology and product platforms. These products are focused on soft-tissue regeneration and regenerative bone matrices.
In December, 2015- MVP acquired Avita Medical’s Australian Respiratory Business. Avita Medical’s respiratory business included a Breath-A-Tech branded range of products, including brand of asthma space chambers.
Medtronic plc, completed ithe acquisition of HeartWare International, Inc. which was a leading innovator of less-invasive, miniaturized and mechanical circulatory support technologies. These technologies were aimed to treat patients who suffer from advanced heart failure.
Global Skin Graft Market – Segments:
The global skin graft market is segmented on the basis of graft type, graft thickness and applications. Based on graft type, the market has been segmented as autologous, isogeneic, allogeneic, xenogeneic and prosthetic. Based on the graft thickness, the market has been segmented as split-thickness, full-thickness and composite graft. Based on the applications, the market has been segmented as extensive wound, burns, extensive skin loss due to infection, skin cancers and others. Based on the equipment, the market has been segmented as dermatome (knives dermatomes, drum dermatomes, electric dermatomes, air dermatomes), general surgical instruments, consumables and others. Based on the end users, the market has been segmented as hospitals and clinics, academic and research and others.
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