The
global Extracellular
Matrix (ECM) Patches Market size is expected to reach
USD 39.77 million by 2025 at a 7.7% CAGR during the forecast period, according to a new report by
Grand View Research, Inc. Increasing prevalence of cardiovascular diseases,
rising number of trauma surgeries, and growing adoption of ECM patches among
healthcare providers are some of the key drivers for this market. Recent
development of advanced ECM patches for soft tissue repair and wound healing
procedures is also expected to positively impact market growth.
Surging
number of hernia and pelvic restoration surgeries is also propelling demand for
ECM patches in healing processes. Moreover, these patches offer greater
biocompatibility, durability, and pliability than synthetic patches, which is
expected to drive demand in the market. Favorable reimbursement support by
governments around the world is also expected to boost the adoption and
acceptance of these patches in the market.
Rising
number of research activities for development of extracellular matrix patches
enables an expansion in applications, which in turn, drives the market. In
addition, rising government initiatives toward improvement in healthcare
infrastructure and increasing healthcare expenditure in developing countries
are positively influencing market growth. However, high cost of these patches
is a significant factor that can lower the adoption of these patches in lower-
and middle- income countries.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/extracellular-matrix-ecm-patches-market
https://www.grandviewresearch.com/industry-analysis/extracellular-matrix-ecm-patches-market
Further key findings from the report suggest:
- ECM patches
for soft tissue repair emerged as the largest application segment in terms
of revenue in 2017, owing to rising number of hernia repair and trauma surgeries
- ECM patches
derived from porcine accounted for the largest revenue share in 2017 based
on raw material owing to several benefits of porcine over other sources,
such as reduction in scar formation, durability, and pliability
- In terms of
geography, North America accounted for the largest revenue share in 2017
and Asia Pacific is expected to exhibit the fastest growth rate over the
forecast period
- Boston
Scientific Corporation; Coloplast; DSM; and Baxter are some of the major
players operating in the market.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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