San Francisco, 16 October 2018 , The global extracellularmatrix (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.
Full Research Report On Extracellular Matrix (ECM)
Patches Market Analysis:
www.grandviewresearch.com/industry-analysis/extracellular-matrix-ecm-patches-market
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.
Browse More
Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global extracellular matrix (ECM) patches market based on application, raw
material, and region:
Extracellular
Matrix Patches Application Outlook (Revenue, USD Thousand, 2014 - 2025)
·
Cardiac Repair
·
Vascular Repair & Reconstruction
·
Pericardial Repair
·
Dural Repair
·
Soft Tissue Repair
·
Wound Healing
Extracellular
Matrix Patches Raw Material Outlook (Revenue, USD Thousand, 2014 - 2025)
·
Bovine
·
Porcine
·
Others
Extracellular
Matrix Patches Regional Outlook (Revenue, USD Thousand, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia-Pacific
o
China
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East Africa
o
South Africa
Access Full Press Release of this Report: www.grandviewresearch.com/press-release/global-extracellular-matrix-ecm-patches-market
About Grand View Research
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
