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Skin Substitutes Market size, share, forecast 2019-2026 scrutinized in the new analysis

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The global skin substitutes market is valued at US$ XX Mn in 2018 and is estimated to grow at a CAGR of XX% over the forecast period to reach a US$ XX Mn by 2026. Skin substitutes are natural, synthetic or biosynthetic materials, used to cover large wounds to restore at least some of the functions of the skin. Skin substitutes provides temporary or permanent wound closure and protect the wound from infection, further damage and water loss, and reduce pain. They also facilitate the growth of the normal skin over the wound.

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Market Overview:

Skin substitutes are natural, synthetic or biosynthetic materials, used to cover large wounds to restore at least some of the functions of the skin. Skin substitutes provides temporary or permanent wound closure and protect the wound from infection, further damage and water loss, and reduce pain.

They also facilitate the growth of the normal skin over the wound.

Skin substitutes provide a permanent solution and are used in the treatment of conditions like burns, trauma wounds, diabetes or venous ulcers, where skin grafts may not be possible.

Market Dynamics:

Rising chronic skin diseases is expected to drive the skin substitutes market. For instance, according to the global burden of disease study 2013, Skin conditions contributed around 1.79% to the global disease burden.

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According to the World Health Organization, about 132,000 melanoma skin cancers occur each year worldwide. Thus, the rising chronic diseases is increasing the demand for skin substitutes in the forecast period.

Rising prevalence of diabetes is expected to boost the market. This is owing to the risk of developing a diabetic foot ulcer over the period of time in diabetic patients.

For instance, WHO has reported that the incidence of diabetes for all age-groups worldwide was estimated to be 2.8% in 2000 and 4.4% in 2030. The total number of people with diabetes is anticipated to rise from 171 million in 2000 to 366 million in 2030.

Thus, as a consequence, the prevalence of diabetes related complications are expected to increase over the forecast period.

There are several limitations to the commercially available skin substitutes, like reduced vascularization, poor mechanical integrity, failure to integrate, scarring, and immune rejection.

Market Segmentation:

Rise in preference for acellular skin substitutes to implant-based skin surgery is expected to drive the growth of the skin substitutes market. For instance, the American Society of Plastic Surgeons in 2012, reported that more than 50% surgeons in the US has preferred acellular matrix for skin surgeries.

Also, the rising incidence rate of skin disorders across the globe may lead to an increased number of patients who will undergo either invasive or non-invasive skin surgeries.

 
The presence of several acellular skin substitutes in the market is expected to drive the skin substitutes market. For instance, Alloderm® of LifeCell Inc., Branchburg, NJ, USA, OASIS Wound Matrix of Cook Biotech Inc., West Lafayette, IN, USA, and Integra® DRT (dermal regeneration template) Integra® LifeSciences Corp., USA are some of the acellular skin substitutes prevailing in the market.

The collective revenue of burn injuries-segment is expected to generate USD XX Mn during 2019-2026. Rising incidences of burn injuries is expected to drive the market.

For instance, according to the World health organization, an estimated 180 000 deaths every year are caused by burns – the vast majority occur in low- and middle-income countries. Also, the presence of novel approaches in the treatment of burns is expected to drive the market.

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Geographical Analysis:

North America holds the major market share for skin substitutes in 2018, due to the increasing incidences of burns and chronic skin diseases. Rising cases of burns is expected to drive the market over the period of forecast.

For instance, according to world health organization, in 2008, over 410 000 burn injuries occurred in the US, with approximately 40 000 requiring hospitalization.

According to American burn association in 2016, over 60% of the estimated US acute hospitalizations related to burns were admitted to 128 burn centers. Also, the healthcare burden in 2000, which includes direct costs for care of children with burns in the United States of America exceeded US$ 211 million.

The presence of key players , Mergers between the major companies in the healthcare devices for research and development in skin substitutes, FDA approvals, and new product launches are expected to drive the

skin substitutes market.

Competitive Analysis:

Some of the major players include Quantum Composites, Innegra Technologies, LLC, Exel Group World Wide, General Electric, PlastiComp, Inc., Solvay SA, Hexcel Corporation, Teijin Limited, Gurit and Royal DSM.

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