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
Market Taxonomy:
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