Tissue Engineered Skin Substitute Market to Reach 2,874 Million USD by 2022 - IndustryARC

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Increasing Incidence Rate of Skin Disorders to Drive the Tissue Engineered Skin Substitute Market; Estimated To Reach $2,874 Million By 2022 

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Skin protects the body from exogenous substances and function as a barrier to fluid loss and injury. Tissue engineering plays a critical part in the production of skin equivalents for the treatment of chronic and particularly burn wounds. Tissue-engineered skin substitutes have recently become viable as an appropriate option to auto and allografts. On the other hand biologists, biochemists, and technical engineers are still facing challenges to produce complex skin substitutes that can readily be transplanted in large quantities. Most tissue-engineered skin is created by expanding skin cells in the laboratory (at a rate much greater than would be achieved on the patient) and using them to restore barrier function or to initiate wound healing. The global tissue-engineered skin substitutes market is forecast to reach revenue of $2,874m by 2022, as per a recent study conducted by IndustryARC.

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Tissue engineered skin substitutes are cellular and acellular materials that aid in healing of damaged skin by releasing cytokines and growth factors at the wound site. Owing to the rise in skin diseases like vascular ulcers and having lowered immunity and blood flow, the Tissue Engineered - Skin Substitutes Market is poised to exhibit a healthy growth in coming years. Rapidly growing & urbanizing global population is set to impact the industry significantly. Tissue engineered - skin substitutes market is poised to witness significant growth owing to rise in healthcare infrastructure with technologically advanced practices and higher spending in developing countries such as China and India.

Skin substitutes differ in complexity and can be broadly classified into two types: synthetic, which are made up of acellular materials, and natural, which are made up of cellular materials. Rise in the prevalence of burn injuries and other skin diseases is one of the key factor that is driving the tissue engineered - skin substitutes market. Another major driving factor for tissue engineered - skin substitutes market is growing incidences of chronic and burn wounds coupled with rising geriatric population. North America is the dominant market for tissue engineered skin substitutes market followed by Europe and APAC region in terms of revenue. The market is more prevalent in the countries of the U.S., China, Germany and U.K.

The Key Players in this Market Include: 

• Acelity L.P. Inc (U.S.)
• Smith & Nephew PLC (U.K.)
• Integra LifeSciences Holdings Corporation (U.S.)
• Medtronic (Ireland)
• BSN Medical GmbH (Germany)

Companies are continuously investing into R&D and new product launches in order to increase their market share. These key players account for approximately 60% share of the total tissue engineered - skin substitute's market revenue.

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• Tissue Banking Market: By Tissue (Bone, Skin, Heart Valves, Soft tissues, Corneas, Umbilical Cord); By Equipment (Cryopreservation systems, Thawing equipment and others); By Application (Clinical, Cosmetic, Research) & By Geography - Forecast (2016-2021) http://industryarc.com/Report/237/tissue-banking-market-research-analysis-report.html

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SOURCE IndustryARC