Press release
Vascular Tissue Matrix Market Expansion Continues, with Forecast Valuation of $1.76 Billion by 2029
Vascular Tissue Matrix
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Vascular Tissue Matrix Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
The market size for the vascular tissue matrix has seen substantial growth over the past few years. It is forecasted to expand from $1.2 billion in 2024 to $1.3 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.2%. This historical growth is credited to developments in tissue engineering, an increasing aging population, a surge in surgical procedures, and the production of biocompatible materials._x000D_
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Vascular Tissue Matrix Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
The market size of the vascular tissue matrix is predicted to undergo robust expansion in the forthcoming years, shooting up to $1.76 billion in 2029 with a compound annual growth rate (CAGR) of 7.9%. The increase in the projection duration can be linked to the surge in cardiovascular diseases (CVDs), progress in regenerative medicine, heightened consciousness regarding organ and tissue donation, along with government initiatives and financing. Dominant trends anticipated within the projection period encompass collaborations and partnerships, the development of biodegradable and bioengineered matrices, improved awareness and early detection, supportive government initiatives, and the growth of the healthcare infrastructure._x000D_
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What Are the Drivers Transforming the Vascular Tissue Matrix Market?_x000D_
The increase in the utilization of minimally invasive techniques is set to boost the expansion of the vascular tissue matrix market. These are medical or surgical treatments that necessitate small or no incisions. Due to their lower recovery periods, decreased likelihood of complications, and reduced post-operative discomfort compared to regular surgeries, the demand for minimally invasive techniques is growing. In such procedures, a vascular tissue matrix is employed to aid and stimulate blood vessel regeneration, eliminating the requirement for comprehensive surgery. For example, in January 2024, Intuitive Surgical Inc., an American producer of robotic products, disclosed that they installed 415 da Vinci surgical systems, which utilize a minimally invasive surgical strategy in the final quarter of 2023, showing a 12% growth versus 2022. Thus, the popularity of minimally invasive techniques is fueling the expansion of the vascular tissue matrix market._x000D_
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What Long-Term Trends Will Define the Future of the Vascular Tissue Matrix Market?_x000D_
Top firms in the vascular tissue matrix market are sharpening their competitive edge by pivoting towards the creation of innovative products, such as tissue matrix from human umbilical cord extracellular matrix. This tissue matrix essentially forms a structural scaffold using proteins and molecules found within the umbilical cord extracellular matrix. StimLabs LLC, an American biotechnology firm, unveiled in February 2024 that their unique wound care device, Corplex P, acquired the 510(k) clearance from the U.S. Food and Drug Administration. This product is the initial graft made using the human umbilical cord ECM and is intended to treat both acute and chronic wounds. It comprises connective tissue matrix components, like collagens and glycosaminoglycans such as hyaluronic acid, creating a porous scaffold that promotes cellular infiltration and tissue regeneration. Corplex P is designed to manage a wide range of wounds, spanning from partial and full-thickness wounds, to pressure sores, diabetic ulcers, surgical wounds, and trauma wounds._x000D_
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Which Segments in the Vascular Tissue Matrix Market Offer the Most Profit Potential?_x000D_
The vascular tissue matrixmarket covered in this report is segmented -_x000D_
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1) By Type: Biologic Matrix, Synthetic Matrix_x000D_
2) By Therapeutic Area: Orthopedics, Dermatology, Cardiology, Neurology, Oncology, Others Therapeutic_x000D_
3) By Application: Hospital, Clinic, Other Applications_x000D_
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Subsegments:_x000D_
1) By Biologic Matrix: Allograft Matrix, Xenograft Matrix, Autograft Matrix, Decellularized Matrix_x000D_
2) By Synthetic Matrix: Polymer-Based Matrix, Hydrogel Matrix, Nanofiber Matrix_x000D_
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Which Firms Dominate the Vascular Tissue Matrix Market by Market Share and Revenue in 2025?_x000D_
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. _x000D_
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Which Regions Offer the Highest Growth Potential in the Vascular Tissue Matrix Market?_x000D_
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._x000D_
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