The skin graft market is led by the product development strategy which is being witnessed in the equipment section and most prominently the dermatome. Dermatome is a surgical instrument used to create thin slice the skin in skin grafting. Latest technological developments have led to the development of advanced dermatomes such as air dermatome which is more efficient and allows for greater control and accuracy in slicing skin of uniform thickness. As the use of dermatomes is dependent on the skill of the surgeons, scarcity of skilled surgeons may hinder the growth of the global skin grafting market. Moreover, there are some other obstacles as well in the growth of this market such as complications associated with skin graft such as infection, pain and cost of grafting treatment are likely to hinder the market growth.
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According to a recent study report published by the Market Research Future analysts, the global skin grafting market is currently very dynamic and growing at a double digit growth rate. This growth is mainly due to rise in cases of accidents, burns, surgeries requiring removal of skin, skin loss due to infection such as necrotizing fasciitis or purpura fulminans and cancer etc. The rise in the number of plastic surgeries due to the rising awareness about the esthetical value of the body, growing influence of the fashion and media industry coupled with the development of tourism sector has led to the growth of the market. Above all, Skin grafting is proving to be a boon for acid attack victims, those who usually tend to lose hope, confidence and self-esteem along with their skin.
Global Skin Grafting Market – Competitive Analysis
The global skin grafting market is well established market with number of drugs and therapies available in the market. There are number of large and small scale companies involved in the development of the devices, and therapeutic approaches for the treatment of the skin wounds and grafting procedures which are now gaining acceptance in all the major regions so far. The Market demonstrates high growth potential which is likely to attract several new entrant in the market. Further resulting in intensified competition. Top players are investing heavily in R&D and clinical trials to develop effective procedures of skin grafting, and skin treatment devices.
The companies are also adapting the strategy of collaborating with other companies, research groups, and also acquiring other companies in order to increase their presence, and strengthen their portfolio. For example, In August, 2016, Mallinckrodt completes acquisition of Stratatech Corporation, a regenerative medicine company focused on proprietary therapeutic human skin substitute products.
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Global Skin Grafting Market – Regional Analysis
The global skin graft market represents a bipolar outlook with huge difference in the rural and metropolitan regions. The developed metropolitan regions especially with tourism and fashion industry sectors such as Bangkok, Las Vegas, and Los Angeles etc. have skin graft surgeries disproportionate to their population and needs. It is often spotted that the demand for the skin grafting surgeries, plastic surgeries is tremendously high in the cities where there is an active fashion and film industry.
On the global perspective, America region dominates the skin grafting market due to the presence of the highly developed countries like U.S. and Canada. The reasons for the dominance of U.S. is the high per capita income, faster uptake of new technology, high awareness about the skin treatment procedures etc. European market is not far behind and is catching up with the American market. The presence of the large number of companies involved in the manufacturing of the skin grafting instruments, devices, have positively affected the growth of this region. With the availability of the new therapeutic approaches, the skin grafting and skin care business has grown significantly in European region.
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Asia Pacific region is growing rapidly in skin grafting market. The main reason for this rapid growth of the Asian region is the incredibly high rate of medical tourism in this region due to cheap and excellent medical treatment options for the patients. The demand of skin graft surgeries in nations with tourism clusters such as Thailand, Singapore despite having the low economy as compared to U.S. are giving them run for their money in this market.
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