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Global Artificial Skin Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Product Type (Permanent, Temporary and Composite), Replacement Area (Dermal, Epidermal and Composed), Material (Natural, Synthetic and Both), Application (Acute wounds, Chronic wounds and Others), End User & Region (North America, Europe, APAC, Latin America, Middle East and Africa) – Industry Analysis from 2022 to 2027

Published: January, 2022
ID: 12353
Pages: 190
Formats: report pdf report excel report power bi report ppt

Global Artificial Skin Market Size (2022 to 2027)

During the forecast period, the global artificial skin market size is predicted to grow at a CAGR of 6.4%.

Artificial Skin is a synthetic substitute for human Skin that can stimulate skin regeneration, dramatically improving the treatment of severe burns and injuries. The epidermis and dermis are the two layers of the Skin, the human body's largest organ. Severe burns and wounds expose the body to infection and slow the healing process. Artificial skin aids in overcoming these barriers and speeds wound and burn to healing. Epicel, alloderm, and Integra are three types of permanent artificial Skin currently on the market. Epicel, also known as a cultivated epithelial autograft, is a type of epithelial autograft. Before being utilized as a graft, it is created from the patient's Skin and cultivated for two to three weeks. In the case of deep wounds, alloderm is used to repair injured soft tissue. It isn't suitable for huge surfaces. Integra is a long-lasting synthetic skin substitute that encourages cell proliferation and aids in creating red blood cells.

Impact of COVID-19 on the global artificial skin market:

The COVID-19 pandemic is causing havoc around the planet. COVID-19 causes pneumonia, severe and acute respiratory difficulties, multiple organ failure, and death in the most severe cases. COVID-19 is more common in the elderly population. During the pandemic, the global artificial skin market grew slowly. Governments in developing countries are investing heavily in modernizing healthcare infrastructure, intending to increase access to healthcare services. The need for artificial Skin is projected to rise because of this.

MARKET DRIVERS:

Y-O-Y growth in the incidence of acute and chronic wounds is one of the significant factors driving the global artificial skin market.

As people become more aware of the various skin treatment choices, artificial Skin is becoming more popular. Because artificial Skin lacks immunogenic cells such as dendritic cells, auto rejection does not occur. The artificial skin market has grown significantly as the incidence of vehicle accidents, burns, and trauma-related incidents have increased. Increased incidence of burn injuries, rise in prevalence of chronic & acute wounds such as diabetic foot ulcers, the surge in R&D efforts for the development of new products, technological advancements such as sprays for treating burn injuries using the patient's cells for rapid recovery, and increase in health care expenditure in developed and developing countries are expected to drive the global artificial skin market.

Chronic wounds, such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers, are challenging to cure and costly to treat, putting a significant financial strain on healthcare systems. In addition, chronic wounds are being formed due to the increased adoption of sedentary lifestyles, unhealthy eating habits, and the aggravation of chronic diseases such as obesity and diabetes. As a result of the rising number of diabetic and obese patients, the demand for quick wound healing has expanded dramatically. Over the forecast period, these factors are expected to boost demand for regenerating artificial Skin.

The product's launch in Japan is expected to be a profitable opportunity for AVITA Medical, as the number of patients suffering from chronic wounds and decubitus ulcers in Japan has increased in recent years. Manufacturers seek ways to produce new products by regularly investing in research and development. Due to growing competition, the profit margins of established suppliers are decreasing as new vendors enter the market. To maintain their market positions, incumbent vendors are being pushed to develop new goods by increasing their R&D spending.

MARKET RESTRAINTS:

During the forecast period, the global artificial skin market is expected to be hampered by high costs associated with artificial skin implants, strict restrictions regarding the launch of new products, and limited awareness in low-income economies. In addition, there is a shortage of healthcare infrastructure and access to medical services in low and middle-income countries. Therefore, it is expected to challenge market expansion over the forecast period.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Product Type, Replacement Area, Material, Application, End-User & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges; PESTLE Analysis; Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global artificial skin market has been segmented and sub-segmented based on product type, replacement area, material, application, end-user & region.

Artificial Skin Market - By Product Type:

  • Permanent
  • Temporary
  • Composite

Artificial Skin Market - By Replacement area:

  • Dermal
  • Epidermal
  • Composed

Artificial Skin Market - By Material:

  • Natural
  • Synthetic
  • Both

Artificial Skin Market - By Application:

  • Acute wounds
  • Chronic wounds
  • Others

The chronic wounds segment had a significant share in the global artificial skin market in 2020 and are likely to grow during the forecast period. Diabetic foot ulcers, venous leg ulcers, and pressure ulcers are instances of chronic wounds. Chronic wounds have become more common as the worldwide senior population has grown, as has the prevalence of diabetes and obesity. Diabetes puts people at a higher risk of developing chronic wounds and infections. Nearly 40 to 60 million persons with diabetes worldwide suffer from diabetic foot and lower limb problems. As a result, the prevalence of chronic wounds is projected to be a significant factor in the artificial skin market's growth over the forecast period.

Artificial Skin Market - By End User:

  • Hospitals
  • Burn care Centers
  • Others

The expansion in the number of hospitals worldwide and the easy availability of Skin grafting facilities in hospitals can be attributed to the growth of the hospital segment. Another factor boosting the global artificial skin market is the increased use of artificial Skin by healthcare professionals to prevent infections in patients.

On the other hand, the burn care centers segment is expected to grow at a promising CAGR during the forecast period.

Artificial Skin Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

North America is expected to dominate the worldwide artificial skin market during the forecast period. This is due to a favorable regulatory environment and increased burn injuries, which have increased the demand for permanent artificial Skin for effective burn therapy. Manufacturers seek ways to produce new products by regularly investing in research and development. By the American Burn Association, nearly 40,000 patients were hospitalized in the United States for burn injuries between 2017 and 2018. Other major national organizations have produced similar studies on burn injuries. According to the Centers for Disease Control and Prevention, over 10,000 people in the United States die each year from diseases induced by burn injuries. More activities to raise awareness of Skin and tissue donation are being implemented to support market growth. Donate Life America, and other organizations are increasing awareness programs to raise awareness of skin illnesses that necessitate replacement operations and skin donation. Donate Life America is a non-profit organization promoting organ, eye, and tissue donation.

Due to increased research and development efforts, increased government initiatives for improving health care, and a surge in critical players' focus on developing or reinforcing their presence in the region, the market in the Asia Pacific is expected to grow quickly rate during the forecast period. As a result, the APAC artificial skin market is growing significantly and is predicted to register a CAGR of 8.33% from 2022 to 2027.

During the forecast period, the artificial skin market in Europe is expected to showcase a CAGR of 5.58%.

KEY MARKET PLAYERS:

AVITA Medical, Eucare Pharmaceuticals (P) Ltd., MiMedx, Aroa Biosurgery Limited, Integra LifeSciences, Mallinckrodt Pharmaceuticals, Medskin Suwelack, Misonix, and Organogenesis, Inc. are a few of the notable companies operating in the global artificial skin market and profiled in this report.

RECENT MARKET DEVELOPMENTS:

  • AVITA Medical and COSMOTEC, a subsidiary of M3 Group Company, partnered on March 4, 2019, to sell and distribute RECELL in Japan, intended to treat wounds caused by burns and other injuries.
  • 3M announced the acquisition of Acelity Inc. in October 2019 and its KCI subsidiaries; a global medical technology firm focused on enhanced wound management.

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FAQ's

At what CAGR, the global artificial skin market is growing?

As per our research report, the global artificial skin market is predicted to be growing at a CAGR of 6.4% from 2022 to 2027.

Which segment by application is expected to dominate the artificial skin market in the coming years?

Based on the application, the chronic wounds segment dominated the global artificial skin market in 2021 and is estimated to rise at a healthy growth rate from 2022 to 2027.

Which region led the global artificial skin market in 2021?

Geographically, the North American region accounted for the most significant share of the global artificial skin market in 2021.

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