Amniotic membrane is the thin tissue that creates the walls of the amniotic sac. It is the innermost layer of placenta consisting of a thick basement membrane and an avascular stromal matrix. It can be used as a graft or as a dressing to facilitate ocular surface reconstruction and to promote healing.
In addition, amniotic membrane grafts can reduce Pterygium recurrence, which is expected to help show reliance on amniotic membrane, and thus increase its adoption for surgeries. Increasing usage of amniotic membrane in injections and medicines for treating musculoskeletal diseases or disorders is expected to further increase demand and revenue growth of the market.
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Analysis by Region:
Growth of the amniotic membrane market in North America is attributed to rising demand for amniotic membrane from end users such as hospitals, ambulatory surgical centers, and specialty clinics.
The Europe market accounted for major share in terms of revenue in the global amniotic membrane market in 2017. The market in Europe is expected to witness considerable growth in terms of revenue during the forecast period.
The Asia Pacific market accounts for significant share in terms of revenue in the global market. The Asia Pacific amniotic membrane market is expected to witness highest growth in terms of revenue and is expected to register a CAGR of over 9% during the forecast period.
The market in Latin America accounts for over 6% of revenue share in the global market in 2017.