InsightAce Analytic Pvt. Ltd. has announced the publication of a market research report titled “ Global Cardiovascular And Soft Tissue Repair Patch Market (By Product type(Synthetic patch, Biologic patch, Xenogeneic patch, Allogeneic patch), by Application(Cardiovascular repair, Cardiac reconstruction, Cascular reconstruction, Soft tissue repair, Abdominal wall reconstruction, Thoracic wall reconstruction, Dural reconstruction, Hernia repair, Others)by End-User(Hospitals, Ambulatory surgical centers, Speciality clinics))- Market Outlook and Industry Analysis 2030″
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Cardiovascular and soft tissue repair patches are used in tissue repair operations such as vascular repair, soft tissue repair, and restoration.The increasing occurrence of heart defects such as ventricular septal and atrial septal defects in medical events and sports wounds is driving the market for cardiovascular and soft tissue repair patches. According to an NCBI article published in December 2019 on trends and prevalence of atrial septal defect, ASD is the second most common kind of congenital heart disease, with an incidence rate of 56 per 100,000 live births worldwide and a prevalence of 1.6 per 1,000 live births.
The increased prevalence of hernias such as inguinal hernias, congenital diaphragmatic hernias, and others is expected to drive the global adoption of these patches. Clinical testing, product design, new product development, and raw material production are all influenced by technological improvements. The need for medical supplies has increased, both among healthcare professionals and the civil population for precautionary measures, owing to the rise in the number of COVID-19 cases worldwide. Therefore, COVID 19 is expected to have a significant impact on the cardiovascular & soft tissue repair patches market. The increased need for development and innovation in tissue engineering mechanisms and result in the biomedical and biotechnology industries is likely to fuel the growth of the cardiovascular and soft tissue repair patches market.
High costs for cardiovascular treatments are significantly hampered the Global Cardiovascular And Soft Tissue Repair Patch Market growth. Treatment and patch availability for common people across the globe is a big challenge for this market in the coming forecasting period.
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Mergers and acquisitions, strategic partnerships, and investments in cutting-edge technologies are all taking place on the worldwide market in preparation for future growth.
- In Dec 2021, Hillrom was acquired by Baxter, creating a $15 billion global medtech leader. The merger brings together two top medtech companies with a common goal of revolutionising healthcare and improving patient care around the world. Every day, Baxter helps millions of people in their homes.
- In July 2021, BD Acquired Tepha, Inc., a leading developer and manufacturer of proprietary resorbable polymer technology to Drive New Innovations in Soft Tissue Repair and Regeneration. Tepha’s proprietary resorbable polymer technology platform adds to the company’s innovation potential, allowing it to expand its surgical mesh line and expand into new fields of soft tissue repair, restoration, and regeneration.
- In Dec 2019, Baxter Expanded its Advanced Surgery Portfolio with the Acquisition of Seprafilm Adhesion Barrier. Baxter’s continuous focus on acquiring goods and technologies that have a strong strategic fit with the company’s leading portfolio across the hospital, especially in the operating room, is exemplified by this deal.
Some important market players leading the Global Cardiovascular & Soft Tissue Repair Patch Market include Baxter International, Inc., Edwards Lifesciences Corporation, BD (Becton Dickinson), W. L. Gore & Associates, Inc., CryoLife, Inc., Aesculap, Inc. (a B. Braun company), Medprin Regenerative Medical Technologies Co., Ltd., Johnson & Johnson (Medical Devices Business Services, Inc.), Nurami Medical Nanofiber Technology, Terumo Corporation, LeMaitre Vascular, Medtronic, FOC Medical S.A., Allografts, Admedus, Bone Bank Braile Biomédica, Glycar SA Pty Ltd., Inc., CorMatrix, Inc., South America Implants S.A., and Lamed GmbH among others.
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