Global Skin Grafting Device Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (undefined)

Global Skin Grafting Device Market Trends

• Increasing adoption of amniotic membrane skin grafts: The increasing adoption of amniotic membrane-based skin grafts and wound coverings is a key trend in the market. Amniotic membranes promote rapid healing of wounds by reducing inflammation, scarring, and pain. Leading manufacturers have commercialized human amniotic membrane allografts for applications including diabetic foot ulcers, venous stasis ulcers, burns, and ophthalmic procedures. These membrane allografts offer a cost-effective substitute to address limitations of autograft availability.
• Increasing product launch: Increasing product launches by key players in the market is expected to drive the growth of the market over the forecast period. For instance, on June 27, 2023, Kerecis, a company focused on biologics wound care, announced the launch of MariGen Shield, a product that integrates the company’s fish-skin graft with a silicone contact layer for treating chronic and complex wounds.
• Focus on developing countries expanding access: Efforts by manufacturers, governments, and non-profits to improve access to skin grafts and substitutes in developing countries through local production, financing programs, and training are rising. Local manufacturing facilities and distribution partnerships are being leveraged to lower costs. Rural mobile healthcare programs creating awareness and financing schemes are improving affordability for advanced skin grafts. These trends are helping address unmet needs and expand adoption in developing economies.

Skin Grafting Device Market Regional Insights:

• North America is expected to be the largest market for skin grafting device during the forecast period, accounting for over 41.3% of the market share in 2022. The growth of the market in North America is attributed to the rising incidence of burn injuries, increasing awareness about advanced wound care products, and presence of major players in the region.
• Europe is expected to be the second-largest market for skin grafting device market, accounting for over 36.0% of the market share in 2022. The growth of the market in Europe is attributed to the rising geriatric population, the increasing prevalence of chronic wounds, and favorable government initiatives to improve wound care facilities.
• The Asia Pacific market is expected to be the fastest-growing market for skin grafting device market, with a CAGR of over 22.7% during the forecast period. The growth of the market in Asia Pacific is attributed to the expanding healthcare sector, large patient pool, and improving reimbursement scenario.

Figure 1. Global Skin Grafting Device Market Share (%), by Region, 2023