Artificial Skin Market to Create Opportunities in Oncology Field

• Artificial skin is a collagen scaffold that stimulates granulation tissue growth. Regenerative artificial skin is prepared from collagen. Collagen is absorbed by the body and helps regenerate new skin cells on the wound area.
• Artificial skin should be biodegradable and maintain a three-dimensional structure to allow ingrowth of blood vessels, fibroblasts, and coverage by epithelial cells
• Different types of artificial skin are available in the markets such as cultured epithelial auto graft

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Key Drivers and Restraints of Global Artificial Skin Market

• Increase in rate of incidence of burn injuries and rise in prevalence of chronic and acute wounds such as diabetic foot ulcers are driving the global artificial skin market. According to an American Burn Association report, approximately 40,000 patients were hospitalized for burn injuries in the U.S from 2017 to 2018.
• Manufacturers have been developing new technologies for the production of artificial skin. For instance, Avita Medical has developed autologous spray devices for skin regeneration. This coupled with increase in investments in research and development for the development of new artificial skin products is boosting the artificial skin market.
• Growth in awareness about the importance of artificial skin across the globe and various advantages of artificial skin such as increase in wound healing and flexibility, and prevention of infection at the site of wound are fueling the global artificial skin market
• Growth in application of artificial skin substitutes in drug development, cancer studies, and alternatives to animal testing is projected to fuel the global artificial skin market during the forecast period
• According to the U.S. Food and Drug Administration (FDA), skin substitute products are defined under Class-III medical devices. Implementation of stringent regulations for the approval of artificial skin products is estimated to restrain the global artificial skin market.

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Significant Rise in Incidence of Diabetes

• In terms of application, the global artificial skin market can be divided into diabetes, skin cancer, burn injuries, clinical application, and others. The global artificial skin market is driven by the rise in usage of regenerative artificial skin by health care professionals for the treatment of diabetic foot ulcers in patients.
• According to an article published by the Journal of Clinical Medicine, the annual incidence of diabetic foot ulcer or necrosis in diabetic patients stands at about 2% to 5%
• Manufacturers are collaborating with health care professionals to market their products. This is boosting the burn injuries segment, as physicians are recommending regenerative or permanent artificial skin to patients for rapid healing.

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Specialty Clinics Segment Offers Significant Growth Potential

• In terms of end-user, the global artificial skin market can be segregated into hospitals, specialty clinics , and others
• Expansion of the hospitals segment can be ascribed to the increase in number of hospitals across the globe and easy availability of skin grafting facilities at hospitals. Furthermore, rise in usage of artificial skin by health care professionals to avoid infections in patients is another factor driving the global artificial skin market.

North America to Lead Global Artificial Skin Market

• Based on region, the global artificial skin market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• North America is the leading region of the global artificial skin market owing to the rise in adoption of technologically advanced medical treatments and increase in prevalence of infections caused after burn injuries in the region. According to the Centers for Disease Control and Prevention (CDC), approximately 10,000 individuals in the U.S. die every year due to infections caused after burn injuries.
• Skin specialists in Europe are recommending artificial skin for plastic surgeries. Growth in number of people opting for plastic and cosmetics surgeries due to the rise in per capita income is another factor driving the artificial skin market in the region.
• Demand for artificial skin is projected to be high in Asia Pacific from 2019 to 2027. Major manufacturers of artificial skin have been investing increasingly in China and India to establish strong distribution channels due to the large patient base in these countries.
• In March 2019, Avita Medical collaborated with COSMOTEC, a subsidiary of M3 Group Company, for marketing and distribution of RECELL in Japan

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• Most countries in Asia Pacific are emerging economies, with evolving R&D in artificial skin techniques. This is expected to propel the artificial skin market, in terms of revenue, in the region.
• Increase in prevalence of skin cancer in Asia Pacific is another factor estimated to drive the artificial skin market during the forecast period
• According to the World Cancer Research Fund International, the rate of skin cancer in Australia and New Zealand stood at 33.6 and 33.3 per 100,000 individuals, respectively in 2018.
• Leading manufacturers of artificial skin have extensive distribution networks along with deep product penetration. Manufacturers of artificial akin are actively participating in trade fairs and international conferences to promote their products and develop potential R&D collaborations and distribution partnerships.

Key Manufacturers in Global Market

The global artificial skin market was highly consolidated in 2018. 

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