According to a new report, published by KBV research, The Global Biological Skin Substitutes Market size is expected to reach $568.3 Million by 2031, rising at a market growth of 8.6% CAGR during the forecast period.
The Acellular Animal-derived Products segment is anticipating a CAGR of 8.9% during (2024 - 2031). Acellular animal-derived products have gained traction due to their cost-effectiveness and scalability, making them a practical option for healthcare providers. These products, often derived from animal sources such as porcine or bovine tissue, undergo processes to remove cellular components, minimizing the risk of immune reactions. Their availability and relatively lower cost than human donor-derived products make them an appealing option for treating large wounds, burns, and chronic ulcers.
The Acute Wounds segment is leading the Global Biological Skin Substitutes Market by Application in 2023; thereby, achieving a market value of $294.3 million by 2031. This segment is driven by the high incidence of traumatic injuries, surgical wounds, and burns that require immediate and effective treatment. The urgent need for rapid healing solutions in these cases has led to increased adoption of biological skin substitutes, which promote faster recovery and reduce complications. Additionally, advancements in medical technology and innovative products have further bolstered the use of biological skin substitutes in managing acute wounds.
The Outpatient Facilities segment is registering a CAGR of 8.9% during (2024 - 2031). This market segment is expanding as a result of the increased need for minimally invasive procedures as well as the convenience of receiving medical attention without having to be admitted to a hospital. Outpatient centers offer cost-effective solutions and shorter recovery times, making them attractive options for patients requiring wound care. The expansion of outpatient services, coupled with advancements in medical technology, has enabled these facilities to handle a broader range of treatments, including the application of biological skin substitutes.
Full Report: https://www.kbvresearch.com/biological-skin-substitutes-market/
The North America region dominated the Global Biological Skin Substitutes Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $220.4 million by 2031. The Europe region is experiencing a CAGR of 8.4% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 9.2% during (2024 - 2031).
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