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Growth Of Vascular Tissue Matrix Market Driven By Rising Adoption Of Minimally Invasive Procedures: Key Factor Driving The Growth In The Vascular Tissue Matrix Market
Vascular Tissue Matrix
What Is the Expected Vascular Tissue Matrix Market Size During the Forecast Period?
The vascular tissue matrix market size will grow from $1.2 billion in 2024 to $1.3 billion in 2025 at a CAGR of 8.2%. The growth in the historic period can be attributed to advancements in tissue engineering, the aging population, rising surgical procedures, and the development of biocompatible materials.
The vascular tissue matrix market size is expected to reach $1.76 billion by 2029, growing at a CAGR of 7.9%. The growth is attributed to increasing cardiovascular diseases, regenerative medicine advancements, organ and tissue donation awareness, and government initiatives. Trends include collaborations, biodegradable and bioengineered matrices, early diagnosis awareness, favorable government initiatives, and TH*Care infrastructure expansion.
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What Are the High-Growth Segments in the Vascular Tissue Matrix Market?
The vascular tissue matrixmarket 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
Subsegments:
1) By Biologic Matrix: Allograft Matrix, Xenograft Matrix, Autograft Matrix, Decellularized Matrix
2) By Synthetic Matrix: Polymer-Based Matrix, Hydrogel Matrix, Nanofiber Matrix
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What Key Drivers Are Expected to Influence Future Vascular Tissue Matrix Market Growth?
The growing popularity of minimally invasive procedures is expected to drive the growth of the vascular tissue matrix market. Minimally invasive procedures are preferred due to their faster recovery times, lower complication risks, and reduced pain. Vascular tissue matrices are used in such procedures to support and regenerate blood vessels. For example, in January 2024, Intuitive Surgical reported a 12% increase in the number of robotic surgical systems used, which contributes to the growing demand for vascular tissue matrices.
Which Companies Hold the Largest Share Across Different Vascular Tissue Matrix Market Segments?
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.
What Trends Are Driving Growth in The Vascular Tissue Matrix Market?
Companies in the vascular tissue matrix market are focusing on innovative products derived from human umbilical cord extracellular matrix (ECM) to gain a competitive advantage. StimLabs LLC, a US-based biotechnology company, received FDA clearance in February 2024 for its Corplex P wound care device, which is derived from human umbilical cord ECM. The device is designed to treat various types of wounds by providing a scaffold for tissue regeneration.
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What Are the Emerging Geographies for The Vascular Tissue Matrix Market Growth?
North America was the largest region in the vascular tissue matrix market in 2024. The regions covered in the vascular tissue matrix market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Vascular Tissue Matrix Market?
2. What is the CAGR expected in the Vascular Tissue Matrix Market?
3. What Are the Key Innovations Transforming the Vascular Tissue Matrix Industry?
4. Which Region Is Leading the Vascular Tissue Matrix Market?
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