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Favorable Demographics Will Drive Moderate Expansion In The US Market For Skin Replacements And Substitutes
Date:7/30/2013

TORONTO, July 30, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the United States market for skin replacements and substitutes will see moderate market expansion, driven primarily by favorable demographics. However, a lack of clinical support will somewhat limit this market over the next few years.

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Favorable demographics will drive increased use of both biosynthetic skin replacements and biological skin substitutes through 2021 as the elderly, obese and diabetic populations expand in the US. Individuals in these groups are more prone to developing chronic wounds, which will drive adoption of these products.

This market will, however, continue to face competition from products such as moist wound dressings and negative pressure wound therapy (NPWT) devices, which are considered first-line treatments for most chronic wounds. On a per-unit basis, these alternative treatments are often far less expensive than skin replacements and substitutes, and as a result they will continue to be attractive to cost-conscious facilities.

"Companies will need to invest in additional clinical trials in order to encourage greater adoption of their products," said MRG Analyst Daniel Brown. "Given that alternative treatments are often less costly, physicians and facilities will want to see clinical evidence supporting the efficacy of skin replacements and substitutes. The lack of strong clinical evidence will limit this market for the next few years, but the publication of trials that are currently in progress will eventually lead to stronger product adoption, pending positive results."

MiMedx Group's EpiFix biosynthetic product, which was launche
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SOURCE Millennium Research Group
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