Pericardial Patches Market Shares, Strategies and Opportunities 2031

Pericardial Patches Market Outlook 2031

• The global pericardial patches market was valued at US$ 312.6 Mn in 2021
• The global market is projected to expand at a CAGR of 6.9% from 2022 to 2031
• The global pericardial patches market is anticipated to reach more than US$ 604 Mn by the end of 2031

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Analysts' Viewpoint on Pericardial Patches Market Scenario

Pericardial patch is one of the primary therapeutic solutions for surgical treatments. Pericardial patches are either synthetic or biological. Large numbers of surgical procedures are performed every day to replace, repair, or regenerate tissues that have been damaged due to disease, trauma, or injury. Autologous pericardial patches are widely used materials for reconstruction in pediatric cardiac surgeries. The global pericardial patches market is witnessing advancements in manufacturing. Cardiac surgical interventions and spiral applications have increased the usage of pericardial patches. Rise in diseases related to surgical procedures is also likely to propel the global pericardial patches market in the near future.

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Overview of Pericardial Patches Market

Pericardial patches, which are used in various surgeries and disorders, reduce the rate of infection, control bleeding, increase biocompatibility, close defects, and offer durability. Furthermore, no calcification or shrinkage is observed with the usage of pericardial patches. Bovine pericardial patches, bovine pericardial valves, and other biological tissues have been used in cardiac surgeries since the past 50 years. Rise in prevalence of diseases related to surgical procedures is projected to drive the global pericardial patches market during the forecast period. Cardiac patches developed with advanced technologies provide a better treatment option for patients suffering from a heart attack. Advancements in fabrication technologies have led to the development of cardiac patches with excellent therapeutic performance and promising potential in promoting cardiac functions.

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Advancements in Manufacturing to Drive Global Pericardial Patches Market

Bovine pericardial patches are used in surgeries such as cardiovascular, eye surgery, dental, and hernia. Various types of patches are available in the market as per surgical requirements to prevent re-infection, close defects, and also for vascular reconstruction. Advancements in autologous, xenograft and synthetic patches have improved the durability and strength of pericardial patches. This is anticipated to propel the global market. Pericardial patches use EnCap AC technology in combination with durable and powerful bovine pericardium to provide improved biocompatibility and reliable treatment for various heart diseases. Advanced heart patches provide treatment options for patients suffering from a heart attack. According to an independent study, about 2,000 heart transplants are performed each year in the U.S. Thus, lucrative opportunities exist for stakeholders operating in the pericardial patches market.

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Long Term Stability and Durability to Boost Demand for Xenograft Pericardial Patches

In terms of product type, the global pericardial patches market has been classified into autologous, xenograft, and synthetic patches. The xenograft segment accounted for major share of the global market in 2021. The segment is anticipated to grow at a fast-paced CAGR from 2022 to 2031. Bovine xenograft pericardial patches are increasingly used in various surgical procedures due to their long-term stability and durability. Rise in demand for bovine xenograft pericardial patches can be ascribed to the low risk of restenosis, compliance near that of the host, and comfortable handling.

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Rise in Application of Pericardial Patches in Cardiovascular Surgery to Boost Global Market

The cardiovascular surgery segment held major share of the global market in terms of revenue in 2021. This trend is likely to continue during the forecast period. Thousands of surgical procedures are performed every day to replace, repair, or regenerate tissues that have been damaged due to disease, trauma, or injury. Cardiovascular disease (CVD) is one of the leading causes of mortality and morbidity worldwide. Cardiac patches are among the primary therapeutic solutions for surgical treatments. Pericardial patches are primarily used for cardiovascular applications such as reconstruction of the aorta and pulmonary vessels, closure of interatrial defects, closure of interventricular defects, and reconstruction of atrioventricular valves.

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