The Cardiovascular And Soft Tissue Repair Patches Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cardiovascular And Soft Tissue Repair Patches Global Market Report 2024, The cardiovascular and soft tissue repair patches market size has grown rapidly in recent years. It will grow from $4.03 billion in 2023 to $4.51 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. 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 $6.75 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. 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).
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.
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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
Technological advancements are a key trend gaining popularity in the cardiovascular and soft tissue repair patches market. Many companies operating in cardiovascular and soft tissue repair patches are developing new products or technologies for strengthening the demand for the cardiovascular and soft tissue repair patches market. For instance, in October 2022, Dozee, an India-based company that offers artificial intelligence and healthcare technology launched an AI-based ECG patch for remote cardiac monitoring. The ECG patch is designed to be small, flexible, light, and convenient to use, and the physician can remotely get alerts and view the live and continuous ECG of the patient.
Top Major Players
B Braun,
Baxter International Inc.,
CorMatrix Cardiovascular Inc.,
Cryolife Inc.,
Edwards Lifesciences Corporation
The cardiovascular and soft tissue repair patches market report table of contents includes:
1. Executive Summary
- Cardiovascular And Soft Tissue Repair Patches Market Characteristics
- Cardiovascular And Soft Tissue Repair Patches Market Trends And Strategies
- Cardiovascular And Soft Tissue Repair Patches Market – Macro Economic Scenario
- Global Cardiovascular And Soft Tissue Repair Patches Market Size and Growth
- Cardiovascular And Soft Tissue Repair Patches Market Segmentation
- Cardiovascular And Soft Tissue Repair Patches Market Regional And Country Analysis
…………… - Key Mergers And Acquisitions In The Cardiovascular And Soft Tissue Repair Patches Market
- Cardiovascular And Soft Tissue Repair Patches Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Cardiovascular And Soft Tissue Repair Patches Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Cardiovascular And Soft Tissue Repair Patches Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Cardiovascular And Soft Tissue Repair Patches Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………….
Table 74: B Braun Financial Performance
Table 75: Baxter International Inc. Financial Performance
Table 76: CorMatrix Cardiovascular Inc. Financial Performance
Table 77: Cryolife Inc. Financial Performance
Table 78: Edwards Lifesciences Corporation Financial Performance
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