Europe Extracellular Matrix Patches Market Size & Outlook
Europe extracellular matrix patches market, 2018-2030 (US$M)
Europe extracellular matrix patches market highlights
- The Europe extracellular matrix patches market generated a revenue of USD 9.4 million in 2023.
- The market is expected to grow at a CAGR of 8.2% 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.
Europe data book summary
| Market revenue in 2023 | USD 9.4 million |
| Market revenue in 2030 | USD 16.3 million |
| Growth rate | 8.2% (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, Europe region accounted for 30.7% 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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Europe 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 Europe extracellular matrix patches market based on cardiac repair covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is one of the developed regions in the world with adequate healthcare facilities. Europe has higher proportion of geriatric population, which is at a high risk of various musculoskeletal diseases. According to European Public Health Association, in 2012, falls were the leading cause of visits to emergency departments among elderly people.
With increase in number of such injuries, the demand for ECM patches for soft tissue repair, and wound healing procedures is anticipated to grow in the long run. Moreover, rising prevalence of CVDs is another important factor promoting market growth in this region.
The data published by the European Society of Cardiology in 2012 states that the mortality rate of CVDs is nearly 47% in Europe and 40% in the EU. According to European Heart Network, as of 2017, CVDs were estimated to cost the EU economy almost USD 210.0 billion.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe extracellular matrix patches market , including forecasts for subscribers. This continent databook contains high-level insights into Europe extracellular matrix patches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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