Hyderabad, Telengana -- (SBWIRE) -- 02/20/2023 -- Overview:

The extracellular matrix patches are a three-dimensional network of extracellular macromolecules that offer support to the surrounding cells. It enhances tissue remodelling and supports a regenerative or healing route. It is utilised to help tissues separate and to control intercellular communication.

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Market Size and Future Apprehension:

According to the most recent DataM Intelligence analysis, the worldwide "Extracellular Matrix Patches Market" is expected to grow at CAGR of 7.5% during the forecast period 2023-2030.

Market Dynamics:

Drivers:

The extracellular matrix patches market is expanding owing to an increase in the occurrence of trauma, congenital heart disease, vascular illnesses, an increase in vascular operations, and an increase in the geriatric population, all of which necessitate reconstruction and repair treatments.

Restraints:

However, several of these goods have been recalled in recent years, which has hampered their uptake.

Segmentation Analysis:

Extracellular Matrix Patches Market is Segmented By Raw Material, Application

By Raw Material:

- Porcine
- Bovine
- Others

By Application:

- Cardiac Repair
- Soft Tissue Repair
- Vascular Repair & Reconstruction
- Others

Competitive Landscape:

The worldwide extracellular matrix patches market is moderately competitive, with both local and multinational businesses present. Some of the important companies that are contributing to the market's growth include

- Baxter International
- Becton
- Dickinson and Company
- Terumo Corporation
- LeMaitre
- Smith+Nephew
- Aziyo Biologics
- Integra LifeSciences Corporation
- Coloplast
- Medtronic
- MTF Biologics
- Koninklijke DSM N.V.

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Regional Analysis:

The North American region accounts for the majority of the worldwide extracellular matrix patches market.
North America is estimated to account for a sizable portion of market growth throughout the forecast period. The increasing frequency of cardiovascular illnesses and defects, sports injuries, trauma cases, rising research and development spending, and rising occurrences of hernia problems are driving market growth. Trauma is the greatest cause of mortality for those under the age of 45, according to the American Association for the Surgery of Trauma, 2021. According to the same research, the yearly cost of trauma in the United States is USD 4.2 trillion.

Recent Developments:

- JellaGel Hydrogel, a three-dimensional hydrogel, was launched in January 2021. It enables cells to develop and interact with their environment, which makes a significant impact.

- Terumo Corporation announced the commencement of the PANTHER global surgical graft research in September 2021, which is a prospective and retrospective investigation of a wide variety of knitted and woven surgical grafts and cardiovascular patches.

- Axio Biosolutions stated in June 2021 that their product Axiostat Patch, which aids in the management of moderate to severe bleeding in vascular operations, had been cleared by the US Food and Drug Administration.

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