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Artificial Skin Market Report

RA08361

Artificial Skin Market by Material Types (Temporary, Permanent, and Composite), Distribution (Hospitals, Burn Care Centers, and Clinics), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2024

RA08361

Pages: NA

Mar 2021

COVID-19

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Impact of covid-19 on Artificial Skin Market

Artificial skin market has shown a promising advancement over the last decade. Artificial skin grafting is a painless technique which can heal severe skin wounds and injuries caused by intensive burns or accidents.

Global Artificial Skin Market Analysis

The global artificial skin market is growing at an unexpected CAGR during the forecast period. Traditionally, the skin graft methods were practiced to treat the wounds in which a portion of skin from the donor site of the patient body was taken and placed on the site of the wound. This method would require a lot of time and the patient experienced a lot of pain. In case of artificial skin, the skin is made from extracted collagen and fibroblast in a controlled environment in laboratory.

Increase in the number of burn and accidental cases have triggered the growth of artificial skin market, globally. However, lack to specialized healthcare professional restrains the market from growing.

It is expected that the global artificial skin market will grow substantially in the forecast period

The growing market of artificial skin globally is due to increase in the number of burn and accidental cases. According to a report by American Burn Association, in 2016, approximately 487,000 people underwent medical treatment for minor burns, while around 72,000 people were hospitalized for major skin burn injuries.

There are many factors which are driving the artificial skin market such as increasing cases of acid attack, burns, and skin related disorders. High demands in cosmetic surgeries to cater to self-satisfaction and increased self-esteem have also paced the market for artificial skin.

Lack of highly specialized laboratory and proper healthcare infrastructure has restrained the market

Certain restraining factors hindering the growth of the market are stringent regulatory approvals for materials used for artificial skin surgery, lack of highly specialized laboratory in developing countries, and high treatment cost. Lack of good medical infrastructure and low access to medical facilities in the developing countries is a major restraint for artificial skin market growth.

Advances in research and development activities are predicted to cater massive opportunities in the market

To survive in the market, companies must develop their research and development strategies. In order to increase their profit margins, companies are investing a huge amount in their research and development domain. In January 2019, AVITA Medical launched its recent innovation RECELL System, which helps in the production of a suspension of Spray-On Skin Cells. Moreover, in April 2019, South Korean company T&R Biofab registered a patent for its innovative 3D bio printing technology to create artificial skin. Such key developments are projected to boost the artificial skin market in the coming years.

Global Artificial Skin Market, by Material Types:

Permanent artificial skin sub-segment is expected to show an increase in the market share

On the basis of material used to construct skin artificially, the market is segmented into three types: temporary, permanent, and composite skin type. The flourishing demand for permanent artificial skin is expected to fuel the global market growth over the forecast period from 2020 to 2027 due to increasing burn cases.

Old people are more susceptible to various chronic diseases and severe wounds like leg ulcers and diabetic foot ulcers (DFUs). This factor has encouraged the manufacturers to develop permanent artificial skin replacements like Dermagraft by organogenesis. Dermagraft contains healthy living fibroblasts, selectively arranged on a bio absorbable scaffold that produces collagen, growth factors, and extracellular matrix proteins to help build the granulation tissue on the burnt area on skin.

Global Artificial Skin Market, by Distribution:

Hospitals are projected to hold a major portion in the global artificial skin market

The global artificial skin market is majorly segmented into hospitals, burn care centers, and clinics. In hospitals, artificial skin technology is used in cases of deep skin wounds and also in cosmetic surgery. Highly specialized healthcare providers use this technology to treat chronic wounds.

The hospitals are mostly preferred due to high availability of trained healthcare professionals who are capable to provide proper treatment for skin wounds. This makes hospitals the leading revenue generator in the global artificial skin market.

In accordance to the increasing demand of this artificial skin, governments are installing specialized burn care center with advance facilities to use artificial skin technology to treat burnt skin.

Global Artificial Skin Market, Regional Analysis:

North America is likely to lead the global artificial skin market during 2018-2024

Artificial skin market has expanded across the globe at a high pace and has covered major portion of North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa.

The artificial skin market is growing in the U.S at a very high rate. This is mainly because of the increasing number of patients with severe skin diseases. As per the Skin Cancer Foundation report, every year more than 5.4 million cases of skin cancer are reported and around 3.3 million patients are treated for the same in the U.S. In 2018, the number of road accidents in the U.S was approximately 12 million, out of which about 4.4 million were severely injured and required major medical attention including skin treatments.

The market in Asia Pacific and Europe is estimated to prosper during the forecast period

The market in Asia-Pacific and Europe region is anticipated to witness growth due to the rise in awareness among the people regarding the artificial skin and health care products. Asia-Pacific market is expected to be one of the highly profitable regions of the market. This is because the people are opting for cosmetic surgeries and the increasing cases of accidents, burns, and acid attacks in rural areas.

Key Participants in Global Artificial Skin Market:

Major manufacturers in artificial skin market are Johnson and Johnson Services, Mallinckrodt, Avita Medical, Smith and Nephew, Mylan N.V, and Integra Life Sciences Corp. Due to the increasing market trend towards artificial skin market, new vendors, and small & medium scale industries are entering the market, thus decreasing the profit margin and increasing the competition. Many small and medium industries are also entering this market and excelling.

Aspect

Particulars

  Historical Market Estimations

  2016-2019

  Base Year for Market Estimation

  2019

  Forecast timeline for Market Projection

  2020-2024

  Geographical Scope

 North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Skin Material Type

  • Temporary Skin Material

  • Permanent Skin Material

  • Composite Skin Material

  Segmentation by Distribution

  • Hospitals

  • Burn Care Centers

  • Clinics

  Key Regions Covered

China, India, Japan, USA, Canada, France, UK, Germany, Spain, Austria

  Key Companies Profiled

  • Johnson and Johnson Services

  • Mallinckrodt

  • Avita Medical

  • Smith and Nephew

  • Mylan N.V

  • Integra Life Sciences Corporation


Frequently Asked Questions
 

A. In January 2019, AVITA Medical launched its recent innovation RECELL System, which helps in the production of a suspension of Spray-On Skin Cells.

A. North America is likely to lead the global artificial skin market during 2018-2024.

A. Stringent regulatory approval, lack of highly specialized laboratory in developing countries, high treatment cost and lack of proper structure and cell type hampers the growth of the artificial skin market.

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