Bioengineered Artificial Skin Market is Anticipated to Witness High Growth Owing to Rising Incidence of Trauma Cases
Bioengineered artificial skin refers to human skin which is cultivated artificially in the laboratory for patients who have lost their skin due skin burns injuries, trauma or other skin conditions. These artificial skin grafts are created using the patient's own skin cells which are grown on specially treated scaffolds made from collagen, fibrin or other biomaterials, and act as temporary coverage of wounds until the real skin regrows itself. The global incidence of severe burns and trauma cases leading to severe skin loss has been on the rise which is driving the demand for bioengineered artificial skin products. Advantages of artificial skins like better cosmetic appearance, reduced scarring and fast wound healing have increased its adoption compared to other skin substitutes like porcine or cadaver grafts.
The Global bioengineered artificial skin market is estimated
to be valued at US$ 3.32 Bn in 2024 and is expected to exhibit a CAGR of 16.%
over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the bioengineered
artificial skin market are Genoskin, Smith and Nephew Inc., Genzyme
Biosurgery, Vericel Corporation, AROA BIOSURGERY LIMITED, Integra LifeSciences
Corp, COOK BIOTECH, Mölnlycke Health Care AB, Avita Medical, MiMedx Group,
Inc., and Organogenesis Holdings Inc. These players are focusing on new product
development and strategic collaborations to strengthen their market position.
The availability of investment opportunities in emerging markets will drive the
adoption of bioengineered artificial skin. Increased health expenditure and
awareness programs by governments are encouraging the use of advanced
artificial skin in countries like India, China and Brazil.
Major companies are expanding globally particularly in Asian and Latin American
regions where burns and trauma cases are high through acquisitions and
establishing manufacturing and distribution networks to tap into high growth
opportunities.
Market Drivers
- Rising number of burn injuries, trauma and skin loss cases globally
- Advantages of bioengineered artificial skin like better cosmetic results and
fast healing driving adoption
- Increased awareness and product approvals leading to higher usage
Market Restrains
- High costs associated with bioengineered artificial skin limiting use in
price sensitive markets
- Limited donor sites and complexity of grafting and harvesting process
challenge large scale production
- Stringent regulations delay product approvals and commercialization in many
countries
Segment Analysis
The bioengineered artificial skin market is segmented into type and application. The type segment includes temporary skin and permanent skin. The permanent skin segment dominates the market as it helps patients to heal faster and can be used for permanent restoration of damaged skin. Its lifelike properties help promote the growth of new vessels, fibroblasts, and epithelium from the wound bed.
The application segment of the bioengineered artificial skin market is divided into surgical wounds, burns cases, chronic wounds, and others. The burns cases segment holds the largest share and is expected to continue its dominance during the forecast period. This is because burns lead to extensive cutaneous tissue loss and bioengineered skin aids faster recovery of the damaged skin area along with reduced scarring and contractures.
Global Analysis
The North America region dominates the bioengineered artificial skin market due to the high prevalence of skin diseases, burn injuries, and presence of key players in the region. It is estimated to maintain its leading position during the forecast years. The Asia Pacific region represents the fastest growing market and is projected to witness the highest CAGR over the next few years. Factors like rising healthcare expenditure, growing awareness about skin disorders, and improving medical facilities are driving the bioengineered artificial skin market growth in the Asia Pacific region, especially in countries like China, India, and Japan.
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