Amniotic Products Market

MiMedx (US), Organogenesis (US) and Integra LifeSciences (US) are the Leading Player in the Amniotic Products Market

The global amniotic products market is projected to reach USD 1,095 million by 2025 from USD 748 million in 2020, at a CAGR of 7.9%. Market growth is largely driven by factors such as growth in the target patient population, the rising incidence of burn injuries, awareness programs for wound care treatment and management, and the rise in venture capital funding and government investments. The emerging economies and the implementation of the 21st Century Cures Act are expected to provide a wide range of growth opportunities for players in the market.

The global amniotic products market is highly consolidated. The prominent players operating in this market include MiMedx (US), Smith & Nephew (UK), Organogenesis (US), and Integra LifeSciences Corporation (US). Other players include Stryker Corporation (US), Wright Medical (Netherlands), Applied Biologics (US), Celularity (US), Katena Products (US), Lucina BioSciences (US), Next Biosciences (South Africa), Skye Biologics (US), Surgenex (US), TissueTech (US), Ventris Medical (US), StimLabs (US), VIVEX Biologics (US), LifeCell International (India), NuVision Biotherapies (England), and Genesis Biologics (US). Players in this market focused on product launches; partnerships, agreements, and collaborations; and acquisitions to develop and expand their market presence. Between 2017 and 2019, product launches were the key growth strategy adopted by players such as Integra LifeSciences Corporation, MiMedx, and Smith & Nephew.

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MiMedx (US) was one of the prominent players in the amniotic products market in 2018. This can be attributed to its broad range of amniotic-based products. The company has supplied more than 1.8 million placental tissue-based allografts for various applications in the wound care, burn, surgical, orthopedic, spine, sports medicine, ophthalmic, and dental sectors of healthcare. The company has two distribution channels—direct to customers (healthcare professionals and/or facilities) and sales through distributors. The company focuses on organic and inorganic growth strategies. For instance, in 2018, the US FDA granted the Regenerative Medicine Advanced Therapy (RMAT) designation to the AmnioFix Injectable for use in the treatment of osteoarthritis (OA) of the knee.

Organogenesis (US) is another leading player in the amniotic products market owing to its strong brand recognition and comprehensive suite of amniotic products such as NuCel, NuShield, ReNu, and Affinity. The company has a robust brand presence, serving more than 4,000 healthcare facilities, inclusive of hospital systems, IDNs, and GPOs. The company sells its products to various end users, including hospitals, wound care centers, government facilities, ASCs, and physicians’ offices.

Integra LifeSciences (US) is a leading player in the amniotic products market. The leading position of the company can be attributed to its strong brand recognition and extensive product portfolio in the amniotic products market. The product portfolio of the company includes a broad line of amniotic membranes and suspensions used in applications such as wound reconstruction & care, optics, and spine & orthopedics. In order to maintain its leading position in the market, Integra LifeSciences focuses on product innovation and acquisitions.

Related Reports:

Amniotic Products Market by Type [Amniotic Membranes (Cryopreserved Amniotic Membranes, Dehydrated Amniotic Membranes), Amniotic Suspensions], Application (Wound Care, Ophthalmology, Orthopedics), End User (Hospital, ASCs) - Global Forecast to 2025

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Report Code
MD 7637
RI Published ON
5/4/2020
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