Skin Graft Market Overview:
Aesthetics have emerged as a major segment in surgery. Skin grafting plays an essential role in it. The process involves surgical procedure integrating replacement of skin from the uninjured part and covering the wounded section. The skin grafting market, in recent times, is experiencing boons of advanced technologies that have found a way in the healthcare sector.
Skin Graft Market Insights report has valued the industry size at USD 4.00 Billion in 2022. The skin graft industry is projected to grow from USD 4.28 Billion in 2023 to USD 7.36 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.01% during the forecast period (2023 - 2032), claims Market Research Future (MRFR) that includes chief factors controlling the market and various segments for a better prediction of the future market. Technological advances in dermatomes are widening the opportunity for skin graft industry to penetrate healthcare further.
However, skin graft comes with a high price tag, and in low-income groups, it can only experience occasional growth. At the same time, skin grafting is a majorly skill-driven sector where surgeon’s efficiency can be of prime consequence. But long-term hindrances owing to such influencers seem far-fetched, and the skin graft market can get back on track in almost no time.
Industry Trend:
Researchers from the University of Toronto have developed a hand-held device that could 3D print skin onto burn injuries providing faster, easier, and cheaper solution. This could prevent burn patients getting affected by infections, and the process would be less painful.
Researchers from Stevens Institute of Technology in collaboration with Texas AM University, have unveiled a type of bandage that is a blend of advanced materials, conventional antibiotics, healing proteins, and nanotechnology. This bandage can help in treatment by delivering healing proteins and protective antibiotics and prevent patients from getting further infections.
Segmentation:
The global skin graft market can be segmented by graft type, graft thickness, equipment, applications, and end-users.
Based on graft type, the skin graft market can be segmented into autologous, isogeneic, allogeneic, xenogeneic and prosthetic.
Based on graft thickness, the skin graft market includes split-thickness, full-thickness, and composite graft.
Equipment-based segmentation of the skin graft market includes dermatome, general surgical instruments, consumables, and others. Dermatomes can further be segmented into knives dermatomes, drum dermatomes, electric dermatomes, and air dermatomes.
Application-wise, the skin graft market comprises 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 end-users, the skin graft market consists hospitals and clinics, academic and research and others.
Regional Analysis:
Region-based analysis of the skin graft market includes North America, Europe, Asia Pacific (APAC), and Middle East Africa (MEA).
North America tops the list with the maximum share of the market revenue. The region owes it supremacy to favorable reimbursement scenario and substantial healthcare expenditure. Furthermore, heavy investment in the healthcare sector can also be considered a reason behind such market growth.
Europe’s increasing awareness and growing amount of disposable income are helping the market to attain a favorable ground for further market expansion, whereas the APAC is riding fast on the revamped model of healthcare sector with China and India playing recognizably in the region’s growth. However, poor economic and political scenario are going to hold back the MEA region’s market growth.
Competitive Dashboard:
The market is experiencing several changes owing to extensive strategic implementations by several key manufacturers. Merger, acquisition, and collaboration are a few tactics that are widely popular. For instance, Avista Healthcare Public Acquisition Corp. is merging with Organogenesis Inc. to expand their market portfolio. B. Braun Medical Inc. has recently acquired NxStage Medical, Inc. which can be considered exemplary.
The top key players profiled in the Skin Graft Market outlook report are Organogenesis, Inc., Specmed Medical, Stratatech Corp, Tissue Regenix Group PLC, Avita Medical, Convatec Inc, Medtronic, Coloplast, B.Braun Melsungen, Zimmer Biomet and others.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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