Overview and Scope
Cardiovascular and soft tissue repair patches refer to artificial tissue generated in the laboratory used for the restoration of damaged body tissue made up of tissues grown in the laboratory and polymers. These are used for the replacement of damaged body parts to maintain the functioning of a body organ, provide mechanical regeneration support for damaged myocardium layers, and restore functional characteristics of injured tissue for the treatment of cardiovascular diseases.
Sizing and Forecast
The cardiovascular and soft tissue repair patches market size has grown rapidly in recent years. It will grow from <b>$4.03 billion in 2023 to $4.51 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. </b> The growth in the historic period can be attributed to aging population, rise in chronic diseases, awareness and early detection, healthcare infrastructure growth, and high demand for hernia repairs.
The cardiovascular and soft tissue repair patches market size is expected to see rapid growth in the next few years. It will grow to <b>$6.75 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. </b> The growth in the forecast period can be attributed to minimally invasive procedures, enhanced diagnostic tools, increasing demand for personalized medicine, and increasing research and development. Major trends in the forecast period include technological innovations, advancements in surgical techniques, advancements in regenerative medicine, 3d printing, the use of data analytics and artificial intelligence (ai).
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Segmentation & Regional Insights
The cardiovascular and soft tissue repair patches market covered in this report is segmented –
1) By Raw Materials: ePTFE, Biomaterial And Tissue-Engineered Material, Other Raw Materials
2) By Product: Synthetic Patch, Biologic Patch
3) By Application: Cardiac Repair, Atrial Septal Defect, Common Atrium, Defects Of The Endocardial Cushion, Ventricular Septal Defect, Tetralogy Of Fallot, Right Ventricular Outflow Tract Reconstruction, Suture Bleeding, Vascular Repair And Reconstruction, Transposition Of The Great Vessels
4) By End User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics
<b>North America</b> was the largest region in the cardiovascular and soft tissue repair patches market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiovascular and soft tissue repair patches market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The growing demand for patches in cardiac disease is expected to propel the growth of the cardiovascular and soft tissue repair patches market. Cardiac disease is a category of disorders related to the heart and blood vessels. The demand for patches for cardiac disease is increasing due to lifestyles and consumption of smoking and alcohol. For instance, according to the World Health Organization data 2021, an organization under the United Nations that focuses on worldwide public health, cardiovascular diseases (CVDs) are the leading cause of mortality worldwide, claiming an estimated 17.9 million lives a year. Furthermore, in the United States, heart disease is the leading cause of death for both sexes and members of the majority of racial and ethnic groups. Every 34 seconds, cardiovascular disease claims one life in the United States. In the United States, heart disease was the cause of 1 in 5 fatalities in 2020, taking the lives of almost 697,000 individuals. Therefore, the growing demand for patches of cardiac disease will drive the cardiovascular and soft tissue repair patches market in the upcoming years.
Key Industry Players
Major companies operating in the cardiovascular and soft tissue repair patches market include <b> B Braun, Baxter International Inc., CorMatrix Cardiovascular Inc., Cryolife Inc., Edwards Lifesciences Corporation, LeMaitre Vascular Inc., Anteris Technologies Limited, Abbott Laboratories, Terumo Medical Corporation, Integra LifeSciences Corporation, W. L. Gore & Associates Inc., Arthrex Inc., Johnson & Johnson, Stryker Corporation, LifeCell Corporation, Medtronic Inc., ACell Inc., Tissue Regenix Group Plc, Aroa Biosurgery Ltd., Zimmer Biomet, LifeNet Health Inc., Becton Dickinson and Company, Boston Scientific Corporation, Cook Medical, Endologix Inc., Getinge AB, Maquet Holding B.V. & Co. KG, Vascular Solutions Inc., AngioDynamics Inc., Merit Medical Systems Inc., Penumbra Inc., Glycar SA Pty Ltd., Biointegral Surgical Inc., Admedus Ltd., LabCor Corp., Wright Medical Technology, Smith & Nephew plc, C.R. Bard Inc., Organogenesis Inc. </b>
The cardiovascular and soft tissue repair patches market report table of contents includes:
1. Executive Summary
2. Cardiovascular And Soft Tissue Repair Patches Market Characteristics
3. Cardiovascular And Soft Tissue Repair Patches Market Trends And Strategies
4. Cardiovascular And Soft Tissue Repair Patches Market – Macro Economic Scenario
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31. Global Cardiovascular And Soft Tissue Repair Patches Market Competitive Benchmarking
32. Global Cardiovascular And Soft Tissue Repair Patches Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cardiovascular And Soft Tissue Repair Patches Market
34. Cardiovascular And Soft Tissue Repair Patches Market Future Outlook and Potential Analysis
35. Appendix
Top Major Players:
B Braun
Baxter International
CorMatrix Cardiovascular Inc
Cryolife Inc
Edwards Lifesciences Corporation
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