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Pericardial Patches Market Trends

  • Report ID: 4589
  • Published Date: Nov 29, 2024
  • Report Format: PDF, PPT

Global Pericardial Patches Market

  1. Introduction
    1. Study Objective
    2. Scope of the report
    3. Market Taxonomy
  2. Study Assumptions and Abbreviations
    1. Research Methodology
    2. Secondary Research
    3. Primary Research
    4. SPSS Approach
    5. Data Triangulation
  3. Executive Summary
  4. Global Industry Overview Market Overview
    1. Market Overview
    2. Regional Synopsis
    3. Industry Supply Chain Analysis
    4. DROTs
    5. Government Regulation: How they would Aid the Business?
    6. Competitive Landscape
      1. ARTIVION, INC
      2. Abbott Laboratories
      3. Baxter International.
      4. Collagen Solutions (US) LLC
      5. Edwards Lifesciences Corporation
      6. FOC Medical S.A.
      7. Labcor Laboratórios Ltda
      8. LeMaitre Vascular, Inc.
      9. Visionary Medtech Solutions Pvt. Ltd.
      10. W. L. Gore & Associates, Inc.
    7. Ongoing Technological Advancements
    8. Price Benchmarking
    9. SWOT Analysis
    10. Unique Selling Proposition (USP)
    11. Startup Overview
    12. End user in Pericardial Patches
    13. Root Cause Analysis
    14. Business Expansion in Different Region
    15. Porter’s Five Forces
    16. Pericardial Patches Utilization in Medical Devices Developed by iVascular
    17. Key Players in the Market
    18. Recent Development Analysis
    19. Industry Risk Assessment
  5. Gobal Outlook and Projections
    1. Global Overview
      1. Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Increment $ Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Global Segmentation (USD Million), 2024-2037, By
      1. Type, Value (USD Million)
        1. Synthetic Pericardial Patches
        2. Biological Pericardial Patches
          1. Autologous
          2. Xenograft
      2. Source, Value (USD Million)
        1. Bovine
        2. Porcine
        3. Equine
        4. Others
      3. Application, Value (USD Million)
        1. Cardiovascular Surgery
        2. Heart Valve Repair
        3. Congenital Heart Defects
        4. Dental Surgery
        5. Others
      4. End user, Value (USD Million)
        1. Hospitals
        2. Specialty Clinics
        3. Ambulatory Surgical Center
        4. Research and Academic Institutes
      5. Regional Synopsis (USD Million), 2024-2037
        1. North America, Value (USD Million)
        2. Europe, Value (USD Million)
        3. Asia Pacific, Value (USD Million)
        4. Latin America, Value (USD Million)
        5. Middle East and Africa, Value (USD Million)
  6. North America Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Increment $ Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Type, Value (USD Million)
        1. Synthetic Pericardial Patches
        2. Biological Pericardial Patches
          1. Autologous
          2. Xenograft
      2. Source, Value (USD Million)
        1. Bovine
        2. Porcine
        3. Equine
        4. Others
      3. Application, Value (USD Million)
        1. Cardiovascular Surgery
        2. Heart Valve Repair
        3. Congenital Heart Defects
        4. Dental Surgery
        5. Others
      4. End user, Value (USD Million)
        1. Hospitals
        2. Specialty Clinics
        3. Ambulatory Surgical Center
        4. Research and Academic Institutes
      5. Country Level Analysis, Value (USD Million)
        1. U.S.
        2. Canada
  7. Europe Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Increment $ Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Type, Value (USD Million)
        1. Synthetic Pericardial Patches
        2. Biological Pericardial Patches
          1. Autologous
          2. Xenograft
      2. Source, Value (USD Million)
        1. Bovine
        2. Porcine
        3. Equine
        4. Others
      3. Application, Value (USD Million)
        1. Cardiovascular Surgery
        2. Heart Valve Repair
        3. Congenital Heart Defects
        4. Dental Surgery
        5. Others
      4. End user, Value (USD Million)
        1. Hospitals
        2. Specialty Clinics
        3. Ambulatory Surgical Center
        4. Research and Academic Institutes
      5. Country Level Analysis, Value (USD Million)
        1. UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. NORDIC
        7. Russia
        8. Rest of Europe
  8. Asia Pacific Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Increment $ Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Type, Value (USD Million)
        1. Synthetic Pericardial Patches
        2. Biological Pericardial Patches
          1. Autologous
          2. Xenograft
      2. Source, Value (USD Million)
        1. Bovine
        2. Porcine
        3. Equine
        4. Others
      3. Application, Value (USD Million)
        1. Cardiovascular Surgery
        2. Heart Valve Repair
        3. Congenital Heart Defects
        4. Dental Surgery
        5. Others
      4. End user, Value (USD Million)
        1. Hospitals
        2. Specialty Clinics
        3. Ambulatory Surgical Center
        4. Research and Academic Institutes
      5. Country Level Analysis, Value (USD Million)
        1. China
          1. Hong Kong
        2. Japan
        3. India
        4. Australia
        5. South Korea
        6. Vietnam
        7. Thailand
        8. Singapore
        9. Malaysia
        10. Rest of Asia Pacific
  9. Latin America Market
    1. Global Overview
      1. Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Increment $ Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Global Segmentation (USD Million), By
      1. Type, Value (USD Million)
        1. Synthetic Pericardial Patches
        2. Biological Pericardial Patches
          1. Autologous
          2. Xenograft
      2. Source, Value (USD Million)
        1. Bovine
        2. Porcine
        3. Equine
        4. Others
      3. Application, Value (USD Million)
        1. Cardiovascular Surgery
        2. Heart Valve Repair
        3. Congenital Heart Defects
        4. Dental Surgery
        5. Others
      4. End user, Value (USD Million)
        1. Hospitals
        2. Specialty Clinics
        3. Ambulatory Surgical Center
        4. Research and Academic Institutes
      5. Country Level Analysis, Value (USD Million)
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  10. Middle East & Africa Market
    1. Global Overview
      1. Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Increment $ Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Global Segmentation (USD Million), By
      1. Type, Value (USD Million)
        1. Synthetic Pericardial Patches
        2. Biological Pericardial Patches
          1. Autologous
          2. Xenograft
      2. Source, Value (USD Million)
        1. Bovine
        2. Porcine
        3. Equine
        4. Others
      3. Application, Value (USD Million)
        1. Cardiovascular Surgery
        2. Heart Valve Repair
        3. Congenital Heart Defects
        4. Dental Surgery
        5. Others
      4. End user, Value (USD Million)
        1. Hospitals
        2. Specialty Clinics
        3. Ambulatory Surgical Center
        4. Research and Academic Institutes
      5. Country Level Analysis, Value (USD Million)
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  11. Global Economic Scenario
    1. World Economic Outlook
  12. About Research Nester
    1. Our Global Clientele
    2. We Serve Clients Across World

Pericardial Patches Market Trends

Growth Drivers

  • Increasing prevalence of cardiovascular diseases: The increasing burden of cardiovascular diseases across geographies has raised the demand for advanced surgical solutions. Pericardial patches have been considered for cardiac repairs due to their resistance and biocompatibility. These products are in high demand, which has grown with the expansion of minimally invasive options. For example, in January 2023, Cardiac Dimensions broadened access to its Carillon Mitral Contour System across additional European markets. This device provides a minimally invasive solution for functional mitral regurgitation by reshaping the mitral annulus. As a result, the prevalence of these diseases contributes directly to the growth of the market.
  • Development and advances in biocompatible materials: The advancement in the development of biocompatible materials is another factor driving the demand for pericardial patches. Biologic patches derived from bovine and porcine tissues offer better integration and less immune response. As a result, they are finding increased adoption in cardiovascular surgical procedures. For example, in January 2022, Artivion introduced the PROACT Mitral Valve in Europe market. This mechanical heart valve is designed to enhance durability and hemodynamics for patients needing mitral valve replacement, with the goal of minimizing reliance on anticoagulation therapy. These improved products are setting new benchmarks in cardiac care and repair.
  • Government and private investments in R&D: Increasing investments in research and development are driving the pericardial patches market expansion, opening new paths to collaboration between producers and healthcare providers. One example of such innovation is the introduction of the BIO-A FLEX Patch by W.L. Gore & Associates in March 2023 for complex soft tissue repair. These investments epitomize the focus on solving complex surgical challenges with better outcomes for patients. Furthermore, the infusion of funds into R&D is a key growth driver, allowing technology to enable next-generation medical solutions.

Challenges

  • Stringent regulatory approvals: Strict regulatory approvals pose a significant challenge in the pericardial patches market. These are long-drawn procedures comprising hard testing, elaborate documentation, and compliance matters, often resulting in extended timelines for product approvals. Increased research and development costs result from the complications in meeting such standards. Furthermore, variation in different regulatory guidelines around the globe further complicates entry into the global market. Together, these factors slow down innovation and postpone the launch of new products.
  • Limited awareness in emerging markets: A major challenge is a lack of awareness about pericardial patches and their applications in emerging markets. Many medical professionals and patients in these regions are still unaware of the advantages of such devices. This is compounded by the general lack of robust infrastructure and access to modern medical technologies. Furthermore, financial constraints and focus on basic healthcare services are further causing governments to shift their attention away from the adoption of specialty medical products. Lack of awareness and availability, therefore, restrain the growth prospects of the market in these regions.

Pericardial Patches Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~7%

Base Year Market Size (2022)

~ USD 312 Million

Forecast Year Market Size (2033)

~ USD 604 Million

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Base Year

2024

Forecast Year

2025-2037

CAGR

6.6%

Base Year Market Size (2024)

USD 336.8 million

Forecast Year Market Size (2037)

USD 777.9 million

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Radhika Pawar


  • Report ID: 4589
  • Published Date: Nov 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of pericardial patches was USD 336.8 million.

The global pericardial patches market size was USD 336.8 million in 2024 and is expected to reach USD 777.9 million by the end of 2037, expanding at a CAGR of 6.6% during the forecast period, i.e., 2025-2037. In 2025, the industry size of pericardial patches will be valued at USD 358.8 million.

Key players in the market are Abbott Laboratories, Baxter International., Collagen Solutions (US) LLC, Edwards Lifesciences Corporation, FOC Medical S.A., Labcor Laboratórios Ltd, LeMaitre Vascular, Inc., Visionary Medtech Solutions Pvt. Ltd., and W. L. Gore & Associates, Inc.

The biological pericardial patches segment is predicted to lead the market during the forecast period.

Asia Pacific is anticipated to become a lucrative market for companies in the pericardial patches market during the forecast period.
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