The Asia Pacific skin graft market is expected to grow with CAGR of 8.9% to US$ 259.7 Mn 2025 from US$ 132.8 Mn in 2017. Factors such as, increasing focus of industry players in India and Japan, rising geriatric population, and growing awareness about skin cancer and burn injuries, are likely to grow the market in the forecast period.
Increasing Number of Burn Injuries
The major application areas of skin grafts include burns and skin infections. There has been rise in the number of burns and deaths caused due to burns. As per the American Burn Association, during 2016, in United States, there were 3,390 civilian deaths from fire, including 2,800 deaths from residential structure fire, 150 deaths from non-residential structure fire 355 from vehicle fire, and 85 from outside and unclassified fire other than structure or vehicle fire.
As per World Health Organization (WHO), the number of deaths due to burns account for 1, 80,000 globally. Majority of burns are reported from countries having low or medium income or in WHO African and South East Asia region. With the rise in number of burn injury, the demand for skin grafts for the purpose of replacing the damaged skin patch has increased during the recent years. As per the statistics of National Burn Repository (NBR), in 2016, around 486,000 burn injuries received medical treatment. Over 60% of the hospitalizations related to burn injuries were admitted to 128 burn centers.
As there are constant occurrences of injuries caused due to burns in low and medium as well as high income countries, the demand for skin grafts are expected to grow in the coming years.
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Social Stigma Associated with the Use of Walking Canes and Crutches
Cost of Skin Grafting Procedures
Skin grafts are performed when the injured skin has lost its capability to heal itself, hence its operational procedure is expensive. In case of severe skin restoration, the physician may need to obtain skin from another donor, which may make the procedure more expensive compared to the cost if the skin would be if the skin is obtained from the same person. The total cost of the procedure may reach up to $4000 to $9000, excluding post operational treatment and consultation charges. The total cost of skin grafting is decided based on factors such as, the hospitalization charges, donor's fees, medications, surgeons’ fees, operational charges, post operational charges and consultation fees. The area of wound also determines the cost of the procedure.
Skin grafting procedures are covered under reimbursement policies. Skin grafts are covered under reimbursement policies. Medicare in the US has allotted Healthcare Common Procedure Coding System (HCPS) codes. The cost of skin grafting procedure. As per the Medicare Average Payment, the cost of skin substitute graft manufactured by ACell Inc for a total wound surface area up to 100 sq cm; first 25 sq cm or less wound surface area would be around US$ 485 in outpatient hospitals and around US$ 250 in an ambulatory surgical center.
The high cost of skin grafts in spite of the availability of reimbursement is expected to be a restraining factor for the market in the coming years.
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SKIN GRAFT – MARKET SEGMENTATION
By Graft Thickness
By End User
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