Asia Pacific Extracellular Matrix Patches Market Size & Outlook
Asia Pacific extracellular matrix patches market, 2018-2030 (US$M)
Asia Pacific extracellular matrix patches market highlights
- The Asia Pacific extracellular matrix patches market generated a revenue of USD 4.7 million in 2023.
- The market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, cardiac repair was the largest revenue generating application in 2023.
- Cardiac Repair is the most lucrative application segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4.7 million |
| Market revenue in 2030 | USD 9.0 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Cardiac repair |
| Fastest growing segment | Cardiac Repair |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cardiac Repair |
| Key market players worldwide | Cook Group, Coloplast A/S ADR, Smith & Nephew PLC, Koninklijke Philips NV, MTF Biologics, Boston Scientific Corp, Medtronic PLC, Baxter International Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 15.4% of the global extracellular matrix patches market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9.0 million by 2030.
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Extracellular Matrix Patches Market Scope
Extracellular Matrix Patches Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific extracellular matrix patches market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to extracellular matrix patches market will help companies and investors design strategic landscapes.
Cardiac repair was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific extracellular matrix patches market based on cardiac repair covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific ECM patches market is expected to witness fastest growth over the forecast period owing to factors such as high number of cardiovascular procedures being performed, increase in number of trauma cases, and rise in number of dural repair procedures & pericardial repair procedures being performed.
A large number of surgical procedures such as cardiac repair, pericardial repair, soft tissue repair, and wound healing procedures are performed in Asia Pacific, which leads to an increase in demand for ECM patches.
Manufacturers of ECM patches must keep the prices of their products in line with country’s healthcare expenditure, as Asia Pacific region have large number of cost sensitive population. Hence, keeping lower price of these patches as compared to other countries is expected to increase the adoption of ECM patches in this region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific extracellular matrix patches market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific extracellular matrix patches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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