Pharmiweb ChannelsAll | PharmaCo | Clinical Research | R&D/BioTech | Sales/Mktg | Healthcare | Recruitment | Pharmacy | Medical Comms

Pharmiweb.com RSS Feed Pharmiweb.com RSS Feeds

Advertising

Press Release

Global Extracellular Matrix (ECM) Patches Market Analysis & Forecast (2018-2025): Boston Scientific Corporation, Coloplast, DSM, and Baxter are Dominating - ResearchAndMarkets.com

Research and Markets
Posted on: 08 Nov 18

The "Extracellular Matrix (ECM) Patches Market Analysis Report By Raw Material (Bovine, Porcine), By Application (Soft Tissue Repair, Vascular Repair & Reconstruction), By Region, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global extracellular matrix (ECM) patches market size is expected to reach USD 39.77 million by 2025 at a 7.7% CAGR during the forecast period.

Increasing prevalence of cardiovascular diseases, rising number of trauma surgeries, and growing adoption of ECM patches among healthcare providers are some of the key drivers for this market. Recent development of advanced ECM patches for soft tissue repair and wound healing procedures is also expected to positively impact market growth.

Surging number of hernia and pelvic restoration surgeries is also propelling demand for ECM patches in healing processes. Moreover, these patches offer greater biocompatibility, durability, and pliability than synthetic patches, which is expected to drive demand in the market. Favorable reimbursement support by governments around the world is also expected to boost the adoption and acceptance of these patches in the market.

Rising number of research activities for development of extracellular matrix patches enables an expansion in applications, which in turn, drives the market. In addition, rising government initiatives toward improvement in healthcare infrastructure and increasing healthcare expenditure in developing countries are positively influencing market growth. However, high cost of these patches is a significant factor that can lower the adoption of these patches in lower- and middle-income countries.

Market Dynamics

Drivers

  • Growing Awareness and Rise in Adoption of ECM Patches
  • Increase in Incidence of Spinal and Trauma Injuries
  • Increase in Incidence of CVDs and Number of Vascular Reconstruction Procedures

Restraints

  • Availability of Alternative and Lower Priced Products

Key Findings

  • ECM patches for soft tissue repair emerged as the largest application segment in terms of revenue in 2017, owing to rising number of hernia repair and trauma surgeries
  • ECM patches derived from porcine accounted for the largest revenue share in 2017 based on raw material owing to several benefits of porcine over other sources, such as reduction in scar formation, durability, and pliability
  • In terms of geography, North America accounted for the largest revenue share in 2017 and Asia Pacific is expected to exhibit the fastest growth rate over the forecast period
  • Boston Scientific Corporation; Coloplast; DSM; and Baxter are some of the major players operating in the market

Topics Covered

Chapter 1 Research Methodology

Chapter 2 Executive Summary

Chapter 3 Extracellular Matrix (ECM) Patches Market Variables, Trends & Scope

Chapter 4 Extracellular Matrix (ECM) Patches Market: Application Estimates & Trend Analysis

Chapter 5 Extracellular Matrix (ECM) Patches Market: Raw Material Estimates & Trend Analysis

Chapter 6 Extracellular Matrix (ECM) Patches Market: Regional Estimates & Trend Analysis

Chapter 7 Competitive Landscape

  • Cook Group
  • Coloplast Group
  • Smith & Nephew
  • Koninklijke DSM N.V.
  • MTF Biologics
  • Boston Scientific Corporation
  • Medtronic
  • Baxter
  • Aziyo Biologics
  • Admedus Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/kr5gf3/global?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20181108005417/en/

Business Wire
www.businesswire.com

Last updated on: 08/11/2018

Advertising
Site Map | Privacy & Security | Cookies | Terms and Conditions

PharmiWeb.com is Europe's leading industry-sponsored portal for the Pharmaceutical sector, providing the latest jobs, news, features and events listings.
The information provided on PharmiWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her physician.