Artificial Pancreas Market Industry
Skin Replacement Market â€“ Global Industry Insights, Trends and Opportunity Analysis, 2016-2024
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Report Description Skin Replacement Market Introduction Cosmetic industry has been a success story over the last few years compared to other consumer products. In cosmetic industry, skin replacement market is gaining remarkable share worldwide. The trend is attributed primarily to burn injuries and technological adoption to treat various skin-related issues. Burnt skin induces the growth of microbes and bacteria that ultimately results in rapid loss of body fluids. Thus, to protect the skin traditionally skin grafts from the donors or cadavers were used. However, uptake of these substitutes was impeded due to probability of graft rejection and unavailability of large skin patch. Hence, to resolve the problem synthetic skin substitutes came into picture to treat deep skin wounds which promotes regeneration of artificial skin. These technological advancements have led to enhanced survival of burned patients and in the past years several skin replacement products have been used for the treatment of chronic wounds. Skin replacement market is likely to grow at a relatively moderate pace inbetween 2016 to 2020 before taking upward trend to 2023. The average sales is expected to go above 1.5X between 2016 and 2023. Digital disruption along with increasing penetration of 3D printing technology is expected to drive the skin replacement market Burn injuries have increased over the last few years. According to independent estimates, over 1.5 million population in the U.S. suffers from burn related skin loss each year. Similarly, in the United Kingdom approximately 175,000 report to emergency departments for the burn injuries and of these approximately 13,000 require hospital admissions. As a result, skin replacement product is expected to gain traction with innovative products being launched in the market including artificial skin. The industry will be further driven by increasing 3D printing technology in healthcare. Companies such as Lâ€™Oreal and Proctor & Gamble leverages 3D printing technology to develop artificial skin. View the full Report @ https://www.coherentmarketinsights.com/ongoing-insight/skinreplacement-market-4 Market Taxonomy: Coherent Market Insights has segmented the skin replacement products market by â€˘
On the basis of technology, 3D printing technology is expected to be the attractive segment driving huge revenue for market players. Skin grown in laboratories will dominate the market throughout the forecast period. Various types of skin replacement products have been divided in three major categories namely permanent skin replacement products, temporary skin replacement products and cultured epidermal skin replacement products. North America to dominate the skin market with US$ 25 Bn spending on wound treatment and presence of over 14% geriatrics population
The skin replacement market report covers market analysis across regions â€“ North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Global skin replacement market is witnessing a positive trend with North America and Europe as the main engine of growth. North America and Europe are expected to capture a major chunk of the market before easing out to Asia Pacific market by 2020. North America currently represents the largest regional market for skin replacement products followed by Europe. A rise in the number of burn cases has been majorly driving the skin replacement substitutes market in these two regions. Penetration rate of skin replacement products in Asia Pacific is still at its nascent stage. However, the growth will gain upward trend by mid of forecast period. The growth will be driven by India and Japan. Ask for Free TOC @ https://www.coherentmarketinsights.com/ongoing-insight/toc/4 Companies such as Lâ€™Oreal and Proctor & Gamble leverages 3D printing technology to develop artificial skin replacement products Some of the key players in the skin replacement market include Platelet BioGenesis, Tengion, and Cellular Dynamics International, TissueGene, Inc., Cynata Therapeutics Limited, Lâ€™Oreal and Proctor & Gamble. Companies need to emphasis on value creation by channelizing product manufacturing capability with digital marketing. Close collaboration with leading life science universities could further help companies to deliver innovative skin replacement products in the market.
COMPANY OVERVIEW Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. Our global team of over 100 research analysts and freelance consultants provide market intelligence from the very molecular country level and also provide a global perspective of the market. Our team is of the most vital cog in our robust machinery that gives us the ability to deliver independent insight relying on our cognitive defusion training module.This allows for an objective and unbiased assessment of the market. We pride ourselves in my constantly striving to update our extremely in-depth understanding of the market by closely monitoring and analyzing markets, trends, and emerging best practices, across allfathomable industries under the sun. This enables us to equip our valued clientele with key decisive inputs to capitalize
on lucrative growth opportunities in the market and to follow firmly position themselves on a high growth path in the future.
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Published on Jan 13, 2017
Companies such as L’Oreal and Proctor & Gamble leverages 3D printing technology to develop artificial skin replacement products Some of the...