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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Skin Replacement Market Introduction

Cosmetic industry has been a success story over the last few years compared to other consumer products. In cosmetic industry, skin replacement market is gaining remarkable share worldwide. The trend is attributed primarily to burn injuries and technological adoption to treat various skin-related issues. Burnt skin induces the growth of microbes and bacteria that ultimately results in rapid loss of body fluids. Thus, to protect the skin traditionally skin grafts from the donors or cadavers were used. However, uptake of these substitutes was impeded due to probability of graft rejection and unavailability of large skin patch. Hence, to resolve the problem synthetic skin substitutes came into picture to treat deep skin wounds which promotes regeneration of artificial skin. These technological advancements have led to enhanced survival of burned patients and in the past years several skin replacement products have been used for the treatment of chronic wounds. Skin replacement market is likely to grow at a relatively moderate pace in-between 2016 to 2020 before taking upward trend to 2023. The average sales is expected to go above 1.5X between 2016 and 2023.

Digital disruption along with increasing penetration of 3D printing technology is expected to drive the skin replacement market

Burn injuries have increased over the last few years. According to independent estimates, over 1.5 million population in the U.S. suffers from burn related skin loss each year. Similarly, in the United Kingdom approximately 175,000 report to emergency departments for the burn injuries and of these approximately 13,000 require hospital admissions. As a result, skin replacement product is expected to gain traction with innovative products being launched in the market including artificial skin. The industry will be further driven by increasing 3D printing technology in healthcare. Companies such as L’Oreal and Proctor & Gamble leverages 3D printing technology to develop artificial skin.

Market Taxonomy:

Coherent Market Insights has segmented the skin replacement products market by

  • Technology
  • Product

On the basis of technology, 3D printing technology is expected to be the attractive segment driving huge revenue for market players.  Skin grown in laboratories will dominate the market throughout the forecast period.

Various types of skin replacement products have been divided in three major categories namely permanent skin replacement products, temporary skin replacement products and cultured epidermal skin replacement products.

North America to dominate the skin market with US$ 25 Bn spending on wound treatment and presence of over 14% geriatrics population

The skin replacement market report covers market analysis across regions – North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

Global skin replacement market is witnessing a positive trend with North America and Europe as the main engine of growth. North America and Europe are expected to capture a major chunk of the market before easing out to Asia Pacific market by 2020.

North America currently represents the largest regional market for skin replacement products followed by Europe. A rise in the number of burn cases has been majorly driving the skin replacement substitutes market in these two regions.

Penetration rate of skin replacement products in Asia Pacific is still at its nascent stage. However, the growth will gain upward trend by mid of forecast period. The growth will be driven by India and Japan.

Companies such as L’Oreal and Proctor & Gamble leverages 3D printing technology to develop artificial skin replacement products

Some of the key players in the skin replacement market include Platelet BioGenesis, Tengion, and Cellular Dynamics International, TissueGene, Inc., Cynata Therapeutics Limited, L’Oreal and Proctor & Gamble.

Companies need to emphasis on value creation by channelizing product manufacturing capability with digital marketing. Close collaboration with leading life science universities could further help companies to deliver innovative skin replacement products in the market.

Key developments

Increasing number of approvals for novel skin treatment procedures is expected to facilitate growth of the global skin replacement market over the forecast period. For instance, in September 2018, the U.S. FDA granted premarket approval for Recell (Avita), which is a spray-on treatment for burns in patients older than 18 years.

Moreover, increasing focus on research and development activities by key players is projected to drive the market growth in the future. For instance, in October 2018, Platelet BioGenesis announced that they are in the process of developing a device that imitates the conditions under which human platelets are generated, for patients recovering from injuries, surgery, or treatments like chemotherapy that can lead to an extremely low platelet count.

Moreover, in January 2019, Proctor & Gamble launched Opté, which is a tool aimed at covering skin conditions such as hyperpigmentation, and age spots by simply gliding the device over the skin’s surface. Such product innovations are likely to benefit growth of the skin replacement market.


Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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