How is Increasing Burn Cases Driving Skin Replacement and Substitutes Market?

submitted 3 years ago by ResearchNews24 to Helth

As per a report by P&S Intelligence, the global skin replacement and substitutes market is projected to reach a value of $1,202.2 by 2024, increasing from $838.0 million in 2018, and is predicted to advance at a 6.3% CAGR during the forecast period (2019–2024). The market is registering growth due to the rising inclination of customers towards spending on appearance, surging number of burn cases, and growing prevalence of skin diseases around the world. In terms of product, the market is divided into cellular, acellular, and others. Between these two, the acellular division is predicted to hold the largest share of the skin replacement and substitutes market during the forecast period, which can be ascribed to the fact that the division caters to the needs to a wider range of demographics. In addition to this, these products are also suitable for skin replacement for pediatric population and tends to excised and superficial wounds. Owing to this, the division is further expected to advance at the fastest pace during the forecast period.