Market Overview
As per the market analysis, the Skin Graft Market is estimated to grow with a CAGR of 13.5 % within the forecast period 2022-2028. The Skin Graft Market Value is expected to reach approximately USD 7.5 billion by 2023. Skin Graft Market is growing at a rapid rate owing to increasing cases of skin cancer, burns, and other wounds. In skin grafting, healthy skin is taken from an area of the body to cover the damaged and lost skin.
The increasing cases of skin infections, burn injuries, and surgeries have contributed to the growth of the Skin Graft Market worldwide. The process of skin grafting is complex and expensive. This may restrain the growth of the Skin Graft Sector in the coming years.
COVID-19 Analysis
The onset of the COVID-19 pandemic has affected all industry sectors, and the Skin Graft Market is no different. Due to strict lockdown measures, many planned surgeries were postponed. This affected the Skin Graft Market Growth. During the pandemic, the availability of fully processed skin used for needed for burn patients was limited. The dip in non-planned medical visits, delay in diagnosis of skin cancer, lack of skilled healthcare etc., affected the growth of the Skin Graft Market negatively. But, the market is reviving, and companies are investing in surgical settings and technological improvements to treat burn patients and patients diagnosed with skin cancer. These factors will help the Skin Graft Market Size to grow significantly in the coming years.
Market Segmentation
The global Skin Graft Market is segmented based on type, thickness, equipment, application, end-users, and region.
Based on graft type, the sub-segments are allogeneic, autologous, xenogeneic, isogeneic, and prosthetic.
Based on thickness, the sub-segments are full-thickness, split-thickness, and composite graft.
Based on equipment, the sub-segments are air dermatomes, electric dermatomes, drum dermatomes, and knife dermatomes.
Based on end-users, the sub-segments are hospitals, ambulatory surgical centres, dermatology clinics, and academic research centres.
Based on application, the sub-segments of the Skin Graft Market are burnt skins, surgical wounds, skin cancer, and infection.
Regional Classification
The Skin Graft Market is segmented into these regions- North America, Europe, South America, Asia-Pacific, and the Middle East and Africa. The North American region is expected to dominate the maximum Skin Graft Market Revenue during the forecast period 2022-2028. The huge investment in healthcare, favourable reimbursement of skin-care treatment and adoption of new technologies in this region will contribute to the growth of the Skin Graft Market significantly. Europe will hold the 2nd largest position in the Skin Graft Market.
The Asia-Pacific region will also witness significant growth in this sector owing to rising demand for skin grafting, favourable government initiatives for burn and trauma patients, and skilled surgeons.
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