Press release
Cardiovascular and Soft Tissue Repair Patches Market Set to Surge, Projecting $6.75 Billion by 2028 with a 10.6% CAGR || B Braun, Baxter International Inc., CorMatrix Cardiovascular Inc
Cardiovascular and Soft Tissue Repair Patches Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the cardiovascular and soft tissue repair patches industry. This report on cardiovascular and soft tissue repair patches market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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%.
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Key Market Players:
B Braun, Baxter International Inc., CorMatrix Cardiovascular Inc., Cryolife Inc., Edwards Lifesciences Corporation, LeMaitre Vascular Inc are prominent players in the cardiovascular and soft tissue repair patches industry.
Market Drivers:
According to the Cardiovascular And Soft Tissue Repair Patches Market Report 2023 by The Business Research Company, the key factors driving the growth of the cardiovascular and soft tissue repair patches market, includes the growing demand for patches in cardiac disease. 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.
More information about the Global Cardiovascular And Soft Tissue Repair Patches Market Report -
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Market segments for cardiovascular and soft tissue repair patches include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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