Beating Heart Patch Market is Anticipated to Witness High Growth Owing to Rising Prevalence of Cardiovascular Diseases

 

The beating heart patch market comprises patches that are placed over damaged heart tissues to support their repair. These patches help in repairing injured or damaged heart tissues without interrupting the heart's regular functioning. The patches used in the market are either artificial or bioengineered and help in reconstruction of damaged heart valves, repair of congenital heart defects, myocardial regeneration, and reinforcement of surgical repairs of cardiac defects and injuries. The patches facilitate the growth of new cardiomyocytes and vasculature that integrate with the host myocardium.

The global beating heart patch market is estimated to be valued at US$ 223.6 Mn in 2024 and is expected to exhibit a CAGR of 7.6% over the forecast period of 2023 to 2030.

The market is driven by the rising prevalence of cardiovascular diseases globally. Cardiovascular diseases have become one of the major causes of deaths worldwide. As per the World Health Organization, cardiovascular diseases accounted for over 17.9 million deaths in 2019, representing 32% of all global deaths. Growing geriatric population susceptible to heart diseases and increasing demand for minimally invasive techniques are also fueling the market growth.

Key Takeaways

Key players operating in the beating heart patch market are BIOCARDIA, INC., Athersys, Inc., CorMatrix Cardiovascular, Inc., BD, LifeNet Health, Inc., and Admedus Ltd.

The global market offers lucrative growth opportunities owing to ongoing research and clinical trials focusing on development of innovative beating heart patches. Growing demand for alternative therapies to treat cardiovascular diseases and regenerate damaged heart tissues is also opening new avenues for players.

Major players are exploring opportunities in emerging countries to strengthen their geographic footprint. With growing healthcare expenditure and increased awareness, Asia Pacific and Latin America are expected to offer high potential for market expansion during the forecast period.

Market Drivers

Growing Geriatric Population: The risk of cardiovascular diseases increases with age. As per the UN, the number of people aged 65 years or older is projected to grow from 703 million in 2019 to 1.5 billion in 2050. This expanding geriatric demographic is anticipated to drive the demand for beating heart patches.

Advancements in Medical Technologies: Continuous innovations and developments in tissue engineering, biomaterials sciences, and regenerative technologies have enabled the launch of enhanced beating heart patches. Improved patches with better healing properties are accelerating the market growth.

Market Restraints

High Cost of Therapy: Beating heart patches are expensive to produce and require sophisticated equipment and expertise for implantation. This makes the overall therapy cost-prohibitive for general patients in low and middle-income countries, thereby restricting the market to a certain extent.

Lack of Awareness: Limited awareness about advanced treatment options including beating heart patches exists among patients as well as healthcare professionals in developing regions. This acts as a major restraint to market demand.

Segment Analysis

The beating heart patch market is dominated by the epicardial segment. Epicardial patches are directly applied to the exterior surface of the heart which allows for ease of application during cardiac surgeries and repair of injuries on the epicardium. These patches have quick healing time and readily integrate with the host cardiac tissue. Endocardial and intracardial patches require more complex procedures for placement within or through the cardiac chambers and have longer healing periods. Thus epicardial patches have emerged as a preferred solution for treating pericardial injuries and defects.

Global Analysis

The North American region holds the leading share of the global beating heart patch market and is expected to maintain its position in the coming years. This is attributed to growing prevalence of cardiovascular diseases, rising geriatric population undergoing repair surgeries, and rapid adoption of advanced tissue-engineered therapies. The region is also witnessing increased research funding for developing innovative heart patch solutions. Asia Pacific shows high growth potential backed by expanding healthcare infrastructure, clinical research initiatives, and growing medical tourism industry in countries like India and China. Rising incidence of rheumatic heart disease and congenital heart defects further boosts demand for beating heart patches in Asia Pacific.


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