Tissue Engineered Skin Substitute Market Projected to Reach US$ 3.5 Billion by 2034 | Future Market Insights, Inc. [Yahoo! Finance]
Smith & Nephew SNATS, Inc. (SNN)
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Source: Yahoo! Finance
Certain factors that are driving the market growth include increasing prevalence of chronic wounds, growing burn and trauma cases, and rising focus on technological advancements NEWARK, Del, April 08, 2024 (GLOBE NEWSWIRE) -- The tissue engineered skin substitute market is expected to reach a value of US$ 2.4 billion in 2024, with projections indicating a growth to US$ 3.5 billion by 2034. The market is anticipated to experience a steady surge at a CAGR of during the forecast period 2024 to 2034. There is a growing preference for non-animal and ethically sourced materials in tissue engineering and regenerative medicine. Manufacturers are exploring alternative sources of biomaterials, such as plant derived polymers and synthetic peptides, to develop sustainable and cruelty free tissue engineered skin substitutes. Stem cell-based approaches are increasingly being integrated into tissue engineered skin substitutes to enhance tissue regeneration and accelerate wound healing processe
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SNN
Sec Filings
- 4/23/24 - Form 6-K
- 4/2/24 - Form 6-K
- 4/2/24 - Form 6-K
- SNN's page on the SEC website