Skin Replacement and Substitutes Market to Cross $1,202.2 million by 2024

Skin Replacement and Substitutes Market to Cross $1,202.2 million by 2024

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Over 180,000 people are burned to death every year, the World Health Organization (WHO) had estimated in 2018. Additionally, burns are the leading cause of disability-adjusted life years (DALY) in low- and middle-income countries. Such incidents often lead to nasty scars, as the skin peels or melts.

In severe cases, the skin is damaged so much that it is unable to heal or grow back on its own, which results in skin grafting procedures.

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Thus, with the increasing incidence of burn injuries, the skin replacement and substitutes market, which valued $838.0 million in 2018, is predicted to grow to $1,202.2 million by 2024, at a CAGR of 6.3% during 2019–2024 (forecast period). The usage of such products helps close and mend the wound as well as reduce the pain, which is why they are witnessing a rising adoption around the world. There are two primary types of skin replacement and substitute products available — cellular and acellular — of which the acellular variants are more in demand, as they can be used for excised and superficial wounds, even in pediatric patients.

All the cellular and acellular products are further segregated as class I, II, and III. Of these, class III products account for the widest adoption, as they can effectively mend the dermis as well as the epidermis, which makes them suitable for ulcers, burns, and numerous other kinds of wounds. Ulcers, in particular, can result in the loss of the entire epidermal layer, as well as the dermal layer and subcutaneous fat, in severe cases. If left untreated, skin ulcers can morph into full-blown gangrene, the treatment for which is amputation, which is why an increasing number of people are seeking treatment for them.

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Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiryurl=skin-replacement-and-substitutes-market Similarly, the prevalence of a number of dermatological diseases is also rising, due to genetic factors, overexposure to ultraviolet (UV) rays, and several other reasons. As per the American Academy of Dermatology, one in every three people in the U.S. has consulted a dermatologist for at least one skin condition, which reflects a high demand for skin replacement and substitute products in the country.

Moreover, people here are becoming more conscious about their appearance, which further pushes them to seek treatment for skin issues.

Another reason for the rising demand for such products is the growing disposable income of people around the world. According to the World Bank, the worldwide gross domestic product (GDP) per capita surged from $8,820.013 in 2009 to $11,312.555 in 2018. This rising purchasing power is enabling people to spend more on their appearance, which is why they are rapidly going for dermatological treatments, even if they are lot life-threatening, thereby leading to the surging demand for skin replacement and substitute products.

Currently, North America accounts for the highest usage of such products, on account of a large number of hospitals and other medical facilities offering treatment for wounds. Other than this, the rapid technological advancements being brought about in the healthcare sector and rising healthcare expenditure are also responsible for the high usage of such products in the region. In the coming years though, Asia-Pacific (APAC) is expected to witness the fastest skin replacement and substitutes market growth, as a result of the high number of burn cases here. India and China witness the highest number of such incidents, which is leading to the rising demand for treatment.

Therefore, with more people suffering from burns and skin diseases, the demand for products which help treat the wounds will also increase.

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Market Segmentation The research offers market size of the global skin replacement and substitutes market for the period 2014–2024.

➢ Market Segmentation by Product •

Acellular

•

Cellular

•

Others

➢ Market Segmentation by Class •

•

•

Class III o

Allografts

o

Xenografts

Class II o

Cultured epithelial autograft

o

Collagen scaffolds

o

Acellular dermal matrix

Class I o

Amniotic membrane

o

Synthetic skin

➢ Market Segmentation by Application •

Burns

•

Ulcers

•

Cosmetic Surgery

•

Others

➢ Market Segmentation by End User •

Wound Care Clinics and Hospitals

•

Beauty and Cosmetics Industry

•

Other

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