The global Bioengineered Artificial Skin Market Growth Accelerated by Rise in Burn Injuries and Trauma Cases
Bioengineered artificial skin products help regenerate skin
tissues for patients suffering from severe burn injuries and trauma cases. They
act as a protective barrier against infections and aid faster healing. The
demand for artificial skin has increased in past years due to rise in burn
injury cases associated with accidents at construction sites and households.
The global Bioengineered Artificial Skin Market is estimated
to be valued at US$ 3.32 Bn in 2023 and is expected to exhibit a CAGR of 16%
over the forecast period 2023 to 2030, as highlighted in a new report published
by Coherent Market Insights.
Market key trends:
Rise in burn injuries and trauma cases has been a major growth driver for this
market. According to American Burn Association, around 450,000 burn injuries
require medical treatment each year in the US alone. Biocompatible and
biosynthetic nature of artificial skin allows it to integrate with the
recipient bed and regenerate lost skin tissue matching the characteristics of
normal skin. This property helps reduce scarring and disabilities related to
large skin loss. Furthermore, advancement in materials science has improved the
functionality of artificial skin to better mimic natural skin thereby
accelerating wound healing process.
Segment Analysis
The global bioengineered
artificial skin market can be segmented into autologous bioengineered skin
substitutes and non-autologous bioengineered skin substitutes. The autologous
bioengineered skin substitutes segment dominates the market as these products
help achieve better cosmetic and functional outcomes. Autologous skin
substitutes are prepared from a patient's own cells, reducing the risks of
disease transmission and immune rejection.
Key Takeaways
The global bioengineered artificial skin market is expected to witness high
growth. The market size for bioengineered artificial skin is projected to grow
from US$ 3.32 Bn in 2023 to US$ 12.43 Bn by 2030, at a CAGR of 16%.
Regional analysis: North America currently dominates the bioengineered artificial
skin market owing to high awareness regarding skin grafts and presence of
advanced healthcare infrastructure. However, Asia Pacific is expected to
witness the fastest growth during the forecast period due to rising incidences
of burns and rapid development of healthcare facilities in emerging economies.
Key players: Key players operating in the bioengineered artificial skin market
include 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. Genzyme Biosurgery and Integra LifeSciences Corp currently
dominate the autologous skin substitutes segment.

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