SAN FRANCISCO, October 11, 2018 /PRNewswire/ --
The global extracellular matrix (ECM) patches market sizeis expected to reach USD 39.77 million by 2025 at a 7.7% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Increasing prevalence of cardiovascular diseases, rising number of trauma surgeries,
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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.
Rising number of research activities for 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 market growth. However, high cost of these patches is a significant factor that can lower the adoption of these patches in lower- and middle- income countries.
Browse full research report with TOC on "Extracellular Matrix (ECM) Patches Market Analysis Report By Raw Material (Bovine, Porcine), By Application (Soft Tissue Repair, Vascular Repair & Reconstruction), By Region, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/extracellular-matrix-ecm-patches-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global extracellular matrix (ECM) patches market based on application, raw material, and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: firstname.lastname@example.org
SOURCE Grand View Research, Inc.
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