Extracellular Matrix Patches Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Feb 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Extracellular Matrix Patches market size is expected to be worth around US$ 49.77 million by 2030, according to a new report by Vision Research Reports.

The global Extracellular Matrix Patches market size was valued at US$ 26.08 million in 2020 and is anticipated to grow at a CAGR of 8.7% during forecast period 2021 to 2030.

Growth Factors

Increasing prevalence of cardiovascular diseases, the rising number of trauma surgeries, and the 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.

The 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.

The rising number of research activities for the 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 the market growth. However, the high cost of these patches is a significant factor that can lower the adoption of these patches in lower- and middle- income countries.

Report Highlights

the soft tissue repair segment accounted for the largest revenue share. Increasing number of hernia repair surgeries–particularly inguinal hernia, rising prevalence of trauma surgeries, and high treatment rates are some of the important factors that propel the market. In addition, growing adoption and awareness of the extracellular matrix among healthcare providers, especially in developed countries, is expected to drive the application segment.

For instance, Medeor Matrix manufactured by Koninklijke DSM N.V. is used for various soft tissue applications such as pelvic floor reconstruction, plastic and reconstructive surgeries, and abdominal wall repair. It is manufactured using the OPTRIX process, which eliminates cells, inactivates viruses, disinfects tissues, and preserves ECM components.

ECM patches for vascular repair and reconstruction is projected to expand at the fastest CAGR of 11.4%. The rising number of vascular surgeries, increasing prevalence of vascular diseases, and surging geriatric population are among the important factors anticipated to boost demand over the forecast period. In addition, many public and private organizations are supporting research studies in the area of extracellular matrix to treat vascular conditions, which may further propel the segment. For instance, the European Society for Vascular Surgery promotes high-quality research and advises regulatory bodies on matters concerning vascular diseases. It shares partnerships with various ECM patch manufacturers, including Medtronic, Boston Scientific Corporation, Cook Medical, and Smith & Nephew.

 porcine accounted for the largest revenue share in the ECM patches market owing to the high usage of these grafts in repair and reconstructive surgeries. These porcine-derived grafts offer several benefits such as durability, pliability, and minimal scar formation, which spurs their demand. Moreover, the wide availability of these grafts and high adoption levels drive segment growth.

ECM patches derived from bovine sources is projected to register a CAGR of 8.3%. The rising number of bovine-based products, coupled with growing applications in soft tissue repair, vascular repair and reconstruction, dural repair, pericardial repair, and others, have led to an increase in demand for these products. Furthermore, these patches are preferred over other materials as they offer superior biocompatibility, reduced risk of infection, and ease in handling during surgical procedures.

ECM patches derived from other sources, such as human-derived dermis and equine derived pericardium, also held a significant market share in 2017. An increasing number of research studies by private companies, coupled with high investments in R&D, enable the adoption of other raw materials for the manufacturing of ECM patches. Moreover, many public and private organizations are supporting the development of ECM grafts through the donation of human dermis. For instance, MTF Biologics is a non-profit organization engaged in providing human allograft tissue. One of its products, AlloPatch HD Acellular Dermis, is a human allograft derived from donated human tissue.

North America held the largest revenue share in 2020. Increasing incidence of cardiovascular diseases and defects, sports injuries, and trauma cases are responsible for the growing demand in this region. According to the latest estimates by the American Association for the Surgery of Trauma, each year, about 150,000 deaths were reported due to injuries in the U.S. Presence of a large number of market players further increases the availability of ECM patches in this region.

The presence of technologically advanced research labs, an increasing amount of research funds, and high healthcare expenditure are among the significant factors contributing toward the growth of this regional market. Higher adoption and awareness of advanced ECM patches among healthcare providers and patients further impels demand. Favorable reimbursement policies will also boost the market growth.

Asia Pacific is expected to register the highest CAGR of 9.7% over the forecast period. High prevalence of cardiovascular diseases, increasing incidence of trauma, and rising number of surgeries may propel the market. Rising healthcare expenditure and growing disease burden are likely to boost demand in the coming years. However, the high cost of the product may negatively impact the growth in this region.

Key Players

Aziyo Biologics; Boston Scientific Corporation; Coloplast; DSM; and Baxter

Market Segmentation

  • Application Outlook 

    • Cardiac Repair

    • Vascular Repair & Reconstruction

    • Pericardial Repair

    • Dural Repair

    • Soft Tissue Repair

    • Wound Healing

  • Raw Material Outlook

    • Bovine

    • Porcine

    • Others

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia-Pacific

      • China

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East Africa

      • South Africa

The Extracellular Matrix Patches market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Extracellular Matrix Patches market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Extracellular Matrix Patches market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Extracellular Matrix Patches market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Extracellular Matrix Patches market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Extracellular Matrix Patches capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Extracellular Matrix Patches by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Extracellular Matrix Patches market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Extracellular Matrix Patches market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Extracellular Matrix Patches market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Extracellular Matrix Patches industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Extracellular Matrix Patches market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Extracellular Matrix Patches market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Extracellular Matrix Patches market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Extracellular Matrix Patches market. These factors have benefited the growth of the global market for Extracellular Matrix Patches. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Extracellular Matrix Patches. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Extracellular Matrix Patches are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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