by Market Overview:
Beating heart patches are thin, porous scaffolds that are placed directly on the heart to aid repair of damaged cardiac tissue without the use of sutures or adhesives. They restore heart tissues and help in contracting the heart muscles naturally. These patches are made from decellularized or synthetic materials and repopulate cells to regenerate heart tissues. With minimal invasion, they provide structural and biological support to help the heart heal itself.
Market Dynamics:
One of the key drivers propelling the beating heart patch market is the rising prevalence of cardiovascular diseases globally. As per the World Health Organization, cardiovascular diseases account for over 17.9 million deaths annually. Heart attack and stroke alone cause over 15 million deaths per year. Beating heart patch offers an effective alternative to conventional treatments for damaged cardiac tissues without interrupting blood circulation.
Another driver is the advantages offered by these patches over traditionally used treatments. Beating heart patches do not require cardiac bypass, are applied outside the chest cavity with minimal invasion, help natural contraction of heart muscles, and restore heart tissues through tissue regeneration. They provide better structural support, cell attachment, and proliferation compared to commonly used techniques like coronary artery bypass grafting.
The global Beating Heart Patch Market Demand is estimated to be valued at US$ 223.6 Mn in 2023 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Segment Analysis
The beating heart patch market is dominated by the synthetic polymer biomaterial sub-segment. This is because synthetic polymer biomaterials such as polyurethane are more durable than natural biomaterials and offer longer durability when used as a beating heart patch. They mimic the mechanical and structural properties of native ECM well without triggering adverse immune reactions.
PEST Analysis
Political: The governments across countries are supporting research and development activities in the field of cardiovascular regenerative therapies including beating heart patches through funding. This is positively impacting the market growth.
Economic: Developed regions such as North America have higher treatment cost of cardiovascular diseases. Beating heart patches as an effective treatment act as a cheaper alternative driving their increased adoption in such regions.
Social: Rising awareness about advanced treatment procedures for heart diseases and increasing patient acceptability of regenerative therapy are propelling the demand for beating heart patches.
Technological: Continuous innovations such as development of biomimetic patches resembling native extracellular matrix for effective integration are expanding technological possibilities.
Key Takeaways
The global beating heart patch market is expected to witness high growth, exhibiting CAGR of 7.6% over the forecast period, due to increasing prevalence of cardiovascular diseases.
Regionally, North America is expected to dominate the beating heart patch market during the forecast period. This is attributed to developed healthcare infrastructure, higher treatment expenditure on advanced therapies and technological superiority in the region.
Key players operating in the beating heart patch market are Harvard Apparatus Regenerative Technology, Inc.,CorMatrix Cardiovascular, Inc.,Acell Inc.,Cytograft Tissue Engineering, Inc.,Biomatrica, Inc.,Tepha, Inc.,LifeNet Health, Inc.,CollPlant Ltd.,SynCardia Systems, LLC,Cardiovascular Systems, Inc.,Biotronik SE & Co. KG,Admedus Ltd.,C. R. Bard, Inc.,W. L. Gore & Associates, Inc.,Xenogenics Corporation.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
