Pericardial Patches Market Size

Pericardial Patches Market size was over USD 333.53 Million in 2023 and is poised to cross USD 794.04 Million by the end of 2036, witnessing more than 6.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of pericardial patches is estimated at USD 356.54 Million. The growth of the market can be attributed primarily to the rising number of cardiac arrest and heart transplant procedures around the world which require surgical procedures which generates the need for pericardial patches. It was observed that each year, there are approximately 4500 cardiac transplants conducted around the world, despite the fact that there are an estimated 48,000 potential recipients for transplantation in the world.

Pericardial patches are among the most common medical solutions for surgical procedures. For pediatric cardiac surgery reconstruction, autologous pericardial patches are commonly used. In addition to reducing infection rates, these patches reduce bleeding, increase tissue compatibility, seal defects, and provide durability. Moreover, the rise in the prevalence of chronic diseases, improvements in pericardial patch manufacturing and sterilization, increased use of soft tissue patches in surgeries, along with globally rising healthcare expenditure are other factors expected to drive global pericardial patches market growth during the forecast period. The Centers for Medicare & Medicaid Services published data showing that the US spent USD 4.1 trillion on healthcare services in 2020, representing 19.7% of the country's GDP.