The vascular tissue matrix global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Vascular Tissue Matrix Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The vascular tissue matrix market size has grown strongly in recent years. It will grow from $1.11 billion in 2023 to $1.20 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to the advancements in tissue engineering, the aging population, the rising number of surgical procedures, and the development of biocompatible materials.
The vascular tissue matrix market size is expected to see strong growth in the next few years. It will grow to $1.63 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to the increasing incidence of cardiovascular diseases (CVDs), advancements in regenerative medicine, rising awareness of organ and tissue donation, and government initiatives and funding. Major trends in the forecast period include collaborations and partnerships, the emergence of biodegradable and bioengineered matrices, rising awareness and early diagnosis, favorable government initiatives, and expansion of healthcare infrastructure.
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Scope Of Vascular Tissue Matrix Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Vascular Tissue Matrix Market Overview
Market Drivers –
The rising adoption of minimally invasive procedures is expected to propel the growth of the vascular tissue matrix market going forward. Minimally invasive procedures are medical or surgical interventions that require only small incisions or no incisions at all. The demand for minimally invasive procedures is on the rise due to their reduced recovery times, lower risk of complications, and lower post-operative pain compared to traditional surgeries. A vascular tissue matrix is used in minimally invasive procedures to support and regenerate blood vessels without the need for extensive surgery. For instance, in January 2024, Intuitive Surgical Inc., a US-based manufacturer of robotic products, reported that they had placed 415 da Vinci surgical systems (robotic surgical systems that use a minimally invasive surgical approach) in the fourth quarter of 2023, representing a 12% increase compared to 2022. Therefore, the growth of minimally invasive procedures is driving the growth of the vascular tissue matrix market.
Market Trends –
Major companies operating in the vascular tissue matrix market are increasing their focus on developing innovative products, such as tissue matrix derived from human umbilical cord extracellular matrix (ECM), to gain a competitive edge in the market. A tissue matrix derived from the human umbilical cord extracellular matrix is a scaffold composed of the structural proteins and molecules found in the extracellular matrix of the umbilical cord. For instance, in February 2024, StimLabs LLC, a US-based biotechnology company, announced that the U.S. Food and Drug Administration (FDA) granted 510(k) clearance for its novel wound care device, Corplex P. This device, the first graft derived from the human umbilical cord ECM, is designed for treating acute and chronic wounds. It contains connective tissue matrix components, including collagens and glycosaminoglycans like hyaluronic acid, providing a porous scaffold to support cellular infiltration and tissue regeneration. Corplex P is intended to manage various types of wounds, including partial and full-thickness wounds, pressure ulcers, diabetic ulcers, surgical wounds, and trauma wounds.
The vascular tissue matrix market covered in this report is segmented –
1) By Type: Biologic Matrix, Synthetic Matrix
2) By Therapeutic Area: Orthopedics, Dermatology, Cardiology, Neurology, Oncology, Others Therapeutic
3) By Application: Hospital, Clinic, Other Applications
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Regional Insights –
North America was the largest region in the vascular tissue matrix market in 2023. The regions covered in the vascular tissue matrix market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the vascular tissue matrix market are Abbott Laboratories, Medtronic PLC, Stryker Corporation, Baxter International Inc., Boston Scientific Corporation, Terumo Corporation, Edwards Lifesciences Corporation, W. L. Gore & Associates Inc., Coloplast Group, Getinge Group, Integra LifeSciences Corporation, LivaNova PLC, C. R. Bard Inc., Artivion Inc., CryoLife Inc., LeMaitre Vascular Inc., Kensey Nash Corporation, Cardiva Medical Inc., Lombard Medical Technologies, Genzyme Corporation, Cook Medical Inc., Humacyte Inc., BioCardia Inc.
Table of Contents
1. Executive Summary
2. Vascular Tissue Matrix Market Report Structure
3. Vascular Tissue Matrix Market Trends And Strategies
4. Vascular Tissue Matrix Market – Macro Economic Scenario
5. Vascular Tissue Matrix Market Size And Growth
…..
27. Vascular Tissue Matrix Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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