Global Acellular Dermal Matrices Market to Surpass US$ 17,360.7 Million by 2027, Says Coherent Market Insights (CMI)

SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, the global acellular dermal matrices market is estimated to be valued at US$ 6,483.6 million in 2020 and is expected to exhibit a CAGR of 15.1% during the forecast period (2020-2027).

Key Trends and Analysis of the Global Acellular Dermal Matrices Market:

Key trends in the market include increasing research and development activities, acquisitions, collaborations, and others.

Market players are involved in inorganic activities such as collaborations with non-profit organizations for launching new products, which is expected to drive growth of the global acellular dermal matrices market over the forecast period. For instance, in 2019, RegenMed, a non-profit tissue bank in collaboration with DeCell Technologies Inc., launched DermGEN, an acellular dermal matrix, which is indicated for wound healing such as diabetic foot ulcers. DermGEN, may reduce the chances of leg amputation in diabetic patients.

Reimbursement policies provided by the insurance companies for the breast reconstruction surgery is expected to spur growth of the acellular dermal matrices market over the forecast period. For instance, in 2018, Insurance provider Anthem Insurance Companies, Inc., provided reimbursement for LifeCell Health’s Dermacell, for the treatment of chronic diabetic foot ulcers and breast reconstruction surgery.

Market players are indulged in inorganic activities such as acquisitions, which is expected to expand the product portfolio and strengthen the position of the company in the global market, which in turn will drive the growth of the global acellular dermal matrices market over the forecast period. For instance, in 2017, Arthrosurface Inc., acquired acellular dermal stabilization device technology, along with the intellectual property rights associated with this technology, from WASAS, LLC.

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Key Market Takeaways:

The global acellular dermal matrices market is expected to exhibit a CAGR of 15.1% during the forecast period (2020-2027), owing to increasing research and development activities. For instance, according to the article published in the journal Wounds: February 2020, the researchers at the Department of Plastic and Reconstructive Surgery, Konkuk University School of Medicine, Seoul, South Korea, tested the efficacy of acellular dermal matrix paste for the treatment of diabetic ulcers in diabetic patients. It was found that around 56.52% of the total patients were cured from the ulcers after using the paste form of acellular dermal matrix.

Among regions, North America is expected to hold a dominant position in the global acellular dermal matrices market over the forecast period, owing to increasing prevalence of breast cancer in this region. For instance, according to the statistics provided by the Breast Cancer Organization (BreastCancer.org): 25^th June 2020, 1 in 8 women in the U.S., is expected to develop invasive breast cancer in their lifetime. Moreover, in 2020, according to the same source, 276,480 and 2,620 new cases of breast cancer in women and men, were reported, respectively. Therefore, increasing incidence of breast cancer among the population will increase the cases of mastectomy, which is expected to drive acellular dermal matrices market growth over the forecast period.

Key players operating in the global acellular dermal matrices market include Zimmer Biomet, Stryker Corporation, Staumann, Allergan, Inc., Conmed, Integra LifeSciences Corporation, Aziyo Biologics, Hospital Innovations, Medtronic, Inc., Synthes, Inc., Gunze Corp., Cook Medical Incorporated, C. R. Bard, Inc., and HANS BIOMED CORP.

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Market Segmentation:

• Global Acellular Dermal Matrices Market, By Material Type:
  • Polyhydroxyalkanoate (PHA)
  • Silicone
  • Dispersants
  • Others
• Global Acellular Dermal Matrices Market, By Tissue Origin:
  • Human
  • Porcine
  • Bovine
  • Others
• Global Acellular Dermal Matrices Market, By Application:
  • Orthopedics
  • Plastic Surgery
  • General Surgery
  • Repair and Replacement of Tissue (Wound Coverage)
  • Dental
  • Others
• Global Acellular Dermal Matrices Market, By Region:
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Europe
    • U.K.
    • Germany
    • Italy
    • Spain
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Australia
    • India
    • China
    • Japan
    • ASEAN
    • South Korea
    • Rest of Asia Pacific
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • Central Africa
    • North Africa

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