Middle East & Africa Extracellular Matrix Patches Market Size & Outlook
Middle East & Africa extracellular matrix patches market, 2018-2030 (US$M)
MEA extracellular matrix patches market highlights
- The MEA extracellular matrix patches market generated a revenue of USD 0.8 million in 2023.
- The market is expected to grow at a CAGR of 8.3% 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.
MEA data book summary
| Market revenue in 2023 | USD 0.8 million |
| Market revenue in 2030 | USD 1.4 million |
| Growth rate | 8.3% (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, MEA region accounted for 2.6% 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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Middle East & Africa 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 Middle East & Africa extracellular matrix patches market based on cardiac repair covering the revenue growth of each sub-segment from 2018 to 2030.
MEA market is expected to witness moderate growth over the forecast period, owing to factors such as poor distribution network of manufacturers, low awareness about ECM patches, limited infrastructure and healthcare access. Large number of patients in MEA region are highly dependent on government initiatives and support, which restrict the adoption of highly priced products.
Dubai is becoming a popular medical tourism destination as patients are looking for high-quality medical treatment at an affordable cost. Availability of effective treatment options for cardiac repair, soft tissue repair, and wounds is expected propel the market growth of ECM patches over the forecast period.
MEA has a large patient pool, which leads to an increase in demand for various surgical procedures that involve the use of cardiac patches, dural patches, soft tissue repair patches, and patches for wound healing.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa extracellular matrix patches market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa extracellular matrix patches market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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