The global cardiovascular and soft tissue repair patches market size is expected to reach USD 5.71 billion by 2025, at a CAGR 8.2 % over a forecast period, according to a new report by Radiant Insights, Inc. Increasing application of these patches in medical procedures and sports injuries and rising prevalence of heart defects such as atrial septal defect and ventricular septal defect are some of the factors driving the demand.
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Growing prevalence of Cardiovascular Diseases (CVDs) is one of the key market drivers. According to the American Heart Association, cardiovascular diseases accounted for nearly 800,000 deaths in the U.S. in 2017. Moreover, the prevalence of heart attacks is significantly high in the country. Nearly, 790,000 U.S. adults suffer from heart attack each year. Coronary heart diseases account for the majority of CVD deaths followed by heart attack and stroke. High prevalence of such diseases is anticipated to create lucrative growth opportunities for the market.
Growing prevalence of hernia is also one of the key market drivers. Key risk factors for hernia are abdominal surgery, heavy weight lifting, chronic cough, constipation, ascites (fluid in abdomen), and other conditions that increase pressure on the intra-abdominal region. Furthermore, nerve damage, loss of tissue strength, and genetic factors lead to weakening of muscles. Congenital hernia is due to residual embryological channel defect and family history. According to a survey, in 2016, around 20 million repairs of inguinal hernia were carried out each year across the globe. Thus, the demand for these patches in healing the wounds post operation is anticipated to grow significantly over the years.
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Further key findings from the report suggest:
• In 2018, soft tissue repair held the largest market share in terms of revenue owing to the increasing prevalence of hernia
• Cardiac repair segment is expected to witness rapid growth over the forecast period owing to high prevalence of congenital heart diseases coupled with improving treatments globally
• ePTFE segment accounted for the largest revenue share of raw materials in 2018 however biomaterial and tissue engineered materials segment is expected to register the fastest CAGR over the forecast period
• In 2018, North America held the largest revenue share due to high prevalence of diseases and easy access of treatment alternatives
• Asia Pacific is expected to emerge at the fastest CAGR over the forecast period owing to growing prevalence of congenital heart diseases and hernia
• Key players operating in the cardiovascular and soft tissue repair patches market include Edwards Life Sciences; Cryolife; Baxter; Bard Peripheral Vascular Inc.; and W.L.Gore & Associates.
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April 22, 2019: The global cardiovascular and soft tissue repair patches market size is expected to reach USD 5.71 billion by 2025, at a CAGR 8.2 % over a forecast period, according to a new report by Radiant Insights, Inc. Increasing application of these patches in medical procedures and sports injuries and rising prevalence of heart defects such as atrial septal defect and ventricular septal defect are some of the factors driving the demand.Growing prevalence of Cardiovascular Diseases (CVDs) is one of the key market drivers.
According to the American Heart Association, cardiovascular diseases accounted for nearly 800,000 deaths in the U.S. in 2017.
Nearly, 790,000 U.S. adults suffer from heart attack each year.
High prevalence of such diseases is anticipated to create lucrative growth opportunities for the market.Growing prevalence of hernia is also one of the key market drivers.
Key risk factors for hernia are abdominal surgery, heavy weight lifting, chronic cough, constipation, ascites (fluid in abdomen), and other conditions that increase pressure on the intra-abdominal region.
Furthermore, nerve damage, loss of tissue strength, and genetic factors lead to weakening of muscles.
Cardiovascular and Soft Tissue Repair Patches Market is estimated to grow considerably in the forecast period due to the growing prevalence of cardiovascular disorders.
Cardiovascular and soft tissue repair patches are the durable synthetic patches that enable the internal growth of tissue in conditions like great vessel, peripheral, and cardiac vascular reconstruction.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/cardiovascular-soft-tissue-repair-patches-market/request-sample The key driving factors responsible for the growth of Cardiovascular and Soft Tissue Repair Patches market : Cardiovascular & soft tissue repair patches industry is majorly driven by growing applications of cardiovascular and soft tissue repair patches for dural, pericardial, and soft tissue repairs.
Moreover, rise in use of patches for hernia is also positively affecting the market growth of cardiovascular & soft tissue repair patches.
However, low awareness among consumers for the patches and high prices of procedures are the restraints in the market.
ePTFE (Expanded Polytetrafluoroethylene) segment registers significant share of the cardiovascular and soft tissue repair patches market owing to its biocompatibility and structural integrity.
Mar 04, 2021: Global Cardiovascular and Soft Tissue Repair Patches Market is estimated to grow considerably in the forecast period due to the growing prevalence of cardiovascular disorders.
They are available in numerous sizes to suit different requirements and can be easily handled by specialists.Cardiovascular & soft tissue repair patches industry is majorly driven by growing applications of cardiovascular and soft tissue repair patches for dural, pericardial, and soft tissue repairs.
Moreover, rise in use of patches for hernia is also positively affecting the market growth of cardiovascular & soft tissue repair patches.
However, low awareness among consumers for the patches and high prices of procedures are the restraints in the market.Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/cardiovascular-soft-tissue-repair-patches-market/request-sampleGrowing incidences of breast cancers, increasing spending power of consumers, and growing participation in sports activities are few trends prevalent in the market.
Moreover, growing partnership among several research companies, raw material manufacturers and suppliers, and technological innovations are expected to boost cardiovascular & soft tissue repair patches market in near future.
ePTFE (Expanded Polytetrafluoroethylene) segment registers significant share of the cardiovascular and soft tissue repair patches market owing to its biocompatibility and structural integrity.Browse Full Report With TOC @ https://www.millioninsights.com/industry-reports/cardiovascular-soft-tissue-repair-patches-marketBased on application, cardiovascular & soft tissue repair patches industry is divided into vascular repair & reconstruction, pericardial repair, dural repair, cardiac repair, and soft tissue repair.
