REGENERATIVE ARTIFICIAL SKIN MARKET ANALYSIS

Market Challenges And Opportunities

Inadequate Medical Infrastructure and Low Access to Medical Facilities in Developing Economies a Major Restrain for Market Growth

The market for regenerative artificial skin is growing in the U.S., mainly driven by increasing number of patients with skin diseases. According to Skin Cancer Foundation, each year over 5.4 million cases of non-melanoma skin cancer are reported and over 3.3 million people are treated for the same in the U.S. Also, there are more new cases of skin cancer reported than the combined incidence of cancers of the breast, prostate, lung, and colon each year. Regenerative artificial skin market in Europe is growing due to skin disease being a very pertinent issue in the region. Robust medical infrastructure, presence of global players, and advancements in technology also contribute to market growth of the regenerative artificial skin in the region. In Asia, the market for regenerative artificial skin is projected to grow in the near future due to increasing number of people opting for skin treatment procedures.