Global Bioprosthetics Market to Surpass US$ 12.12 Billion by 2028, Says The Brainy Insights

Newark, Sept. 19, 2023 (GLOBE NEWSWIRE) -- The global bioprosthetics market is expected to grow from USD 4.64 billion in 2020 to USD 12.12 billion by 2028, at a CAGR of 10.54% during the forecast period 2021-2028. The rising number of cases of cardiovascular disorders is one of the factors driving the market

The Brainy Insights launched a study titled “Bioprosthetics Market Size by Type (Allograft, Xenograft), Application (Cardiovascular, Plastic surgery & wound healing), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028”

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Report Scope & Segmentation

Report Coverage The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global bioprosthetics market.

Customization Scope Avail customized purchase options to meet your exact research needs.

The xenograft segment is dominating the market with the market share of 68.8% in 2020

Type segments include allograft and xenograft. The xenograft segment is having the highest market share of over 68.8% in 2020. This is due to the many benefits provided by the implants like survival rates have been increased, increasing stability; also, the manufacturing cost is low, relatively easy availability of the raw materials, and easy implantation procedures.

The Cardiovascular segment was dominating the market with the highest share USD 4.01 Billion in 2020

The application segment includes cardiovascular and plastic surgery & wound healing. Cardiovascular segment accounted for the highest market value of USD 4.01 Billion in 2020. This is due to the rising patient count suffering from cardiovascular diseases requiring valve replacement procedures. The combination of minimally invasive techniques, together with the groundbreaking technological advancements introduced are reducing the number of structural failure cases. This is estimated to provide a boost to the demand for bio-implants throughout the forecast period. For instance, the arrival of bioprosthetic heart valves has led to a reduction in the demand for open-heart surgeries, which is contributing to the dominant share of the segment.

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Regional Segmentation Analysis:

The regions analyzed for the Bioprostheticsmarket include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Europe is having the highest market share of 39.8% in 2020. This is due to the fact that all the major players are present in this region. There is also a large number of patient present in the region, and patient-friendly reimbursement policies are some of the reasons propelling the market in the region. The stringent policies in the region is ensuring the safety of the patient and maintain the high treatment standard. The Asia Pacific region would grow at the fastest CAGR of over 11.87% during the forecast period. The increasing per capita income in the developing economies of the region have created awareness among the people. They wanted to live a quality life. Also, the healthcare infrastructure in these emerging economies are also improving by many folds. All these factors are creating a base for solid opportunity in the region for the market.

Competitive Analysis:

The major players of market include Edwards Lifesciences Corporation, LeMaitre Vascular, Inc., Life Cell Corporation, Sorin Group, Humacyte, Inc., Ethicon, Inc., CryoLife, Inc., Organogenesis, Inc., St. Jude Medical, Inc., Aortech International Plc, LabcorLaboratorios Ltd., MaquetMetinge Group, BraileBiomedica, Inc., Medtronic Plc., Edwards Lifesciences Corporation and JenaValve Technology GmbH among others.

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About the report:

The global breakfast cereals market is analyzed based on value (USD Billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.

About The Brainy Insights:

The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.

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