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Cardiovascular And Soft Tissue Repair Patches Market: Major Trends Reshaping the Future of the Industry
Cardiovascular And Soft Tissue Repair Patches
What Will the Cardiovascular And Soft Tissue Repair Patches Industry Market Size Be by 2025?
The market for cardiovascular and soft tissue repair patches has seen quick expansion in the past few years. It is forecasted to climb from $4.39 billion in 2024 to $4.85 billion in 2025, with a compound annual growth rate (CAGR) of 10.5%. Factors contributing to the growth during the historic period include an ageing population, the increase in chronic diseases, heightened awareness and early detection, development in healthcare infrastructure, and a surge in demand for hernia repairs.
What's the Long-Term Growth Forecast for the Cardiovascular And Soft Tissue Repair Patches Market Size Through 2029?
The market for cardiovascular and soft tissue repair patches is projected to witness swift expansion in the upcoming years, with a market value expected to reach $7.36 billion by 2029, at a compound annual growth rate (CAGR) of 11.0%. Factors contributing to this growth during the anticipated period include the adoption of minimally invasive methods, improved diagnostic instruments, escalating demand for personalized healthcare, and increased investment in research and development. Furthermore, the market is set to be influenced by several key trends such as technological breakthroughs, enhancements in surgical methodologies, progress in regenerative medicine, the advent of 3D printing, and the application of data analytics and artificial intelligence.
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What Are the Key Growth Drivers Fueling the Cardiovascular And Soft Tissue Repair Patches Market Expansion?
The increased need for patches for heart conditions is anticipated to help expand the cardiovascular and soft tissue repair patches market. Heart disease, a term encompassing disorders related to heart and blood vessels, is seeing an increased use of patches due to modern lifestyles and habits such as smoking and drinking. As an illustration, the Centers for Disease Control and Prevention, a public health agency based in Georgia, reported in May 2024 that heart disease caused 702,880 deaths in 2022, equating to one in every five deaths. This means every 33 seconds, someone dies from heart disease. Each year, an estimated 805,000 people in the U.S suffer from a heart attack. Out of these, 605,000 people experience their first attack, and 200,000 are those who have had a heart attack before. Therefore, the increasing need for cardiac disease patches is expected to propel the growth of the cardiovascular and soft tissue repair patches market in the future years.
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Which Fast-Growing Trends Are Poised to Disrupt the Cardiovascular And Soft Tissue Repair Patches Market?
Progress in technology is a central emerging trend within the cardiovascular and soft tissue repair patches market. Numerous companies within this field are producing fresh products or technologies to bolster the market demand for cardiovascular and soft tissue repair patches. For example, in October 2022, Dozee, a company based in India specialising in artificial intelligence and healthcare technology, unveiled an AI-driven ECG patch purposed for distant cardiac supervision. The design of the ECG patch is compact, adaptable, lightweight, and user-friendly, enabling physicians to receive alerts remotely and view the real-time continuous ECG of the patient.
How Is the Cardiovascular And Soft Tissue Repair Patches Market Segmented?
The cardiovascular and soft tissue repair patches market covered in this report is segmented -
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
Subsegments:
1) By ePTFE (Expanded Polytetrafluoroethylene): Non-Absorbable ePTFE Patches, Absorbable ePTFE Patches
2) By Biomaterial and Tissue-Engineered Material: Collagen-Based Patches, Synthetic Polymer-Based Patches (e.g., Polypropylene, Polyurethane), Decellularized Tissue Patches
3) By Other Raw Materials: Silicones, Hydrogel-Based Materials, Natural Materials
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Which Companies Are Leading the Charge in Cardiovascular And Soft Tissue Repair Patches Market Innovation?
Major companies operating in the cardiovascular and soft tissue repair patches market include B Braun, Baxter International Inc., CorMatrix Cardiovascular Inc., Cryolife Inc., Edwards Lifesciences Corporation, LeMaitre Vascular Inc., Anteris Technologies Limited, Abbott Laboratories, Terumo Medical Corporation, Integra LifeSciences Corporation, W. L. Gore & Associates Inc., Arthrex Inc., Johnson & Johnson, Stryker Corporation, LifeCell Corporation, Medtronic Inc., ACell Inc., Tissue Regenix Group Plc, Aroa Biosurgery Ltd., Zimmer Biomet, LifeNet Health Inc., Becton dic*kinson and Company, Boston Scientific Corporation, Cook Medical, Endologix Inc., Getinge AB, Vascular Solutions Inc., AngioDynamics Inc., Merit Medical Systems Inc., Penumbra Inc., Glycar SA Pty Ltd., Biointegral Surgical Inc., Admedus Ltd., LabCor Corp., Smith & Nephew plc, Organogenesis Inc.
Which Regions Are Leading the Global Cardiovascular And Soft Tissue Repair Patches Market in Revenue?
North America was the largest region in the cardiovascular and soft tissue repair patches market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cardiovascular and soft tissue repair patches market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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