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Porcine is expected to drive the growth of the global extracellular matrix market by raw material segment
According to a new market research study titled ‘Extracellular Matrix Market to 2027 – Global Analysis and Forecasts by Application, Raw Material and Geography. The global extracellular matrix market is expected to reach US$ 47.46 Mn in 2027 from US$ 24.30 Mn in 2018. The market is estimated to grow with a CAGR of 8.2% from 2019-2027. The market is likely to grow due to the advantages of the extracellular matrix for the treatment of various wound, injuries, caused due to various factors. In addition, it is also used to treat cancers.
Extracellular matrix is present in outer side of the tissues and it helps tissues to bind the cells with collagen. It consists of structural proteins, glycoproteins, glycosaminoglycans and proteoglycans. Extracellular matrix enables recipient cells to regrow and thus it is used in various applications which include cardiac and vascular repair procedure.
Global extracellular matrix market was segmented by application and raw material. On the basis of the application the market is segmented as vascular repair and reconstruction, dural repair, wound healing, cardiac repair, pericardial repair and soft tissue repair. Based on the raw material the extracellular matrix market is segmented into bovine, porcine and others. Among the application segment soft tissue repair market held the largest market share. And on the basis of the raw material porcine segment held the largest market share.
The major players operating in the extracellular matrix market, Admedus, Coloplast Group, Merck KGaA, Smith & Nephew, MTF Biologics, Lattice Biologics Ltd., COOK BIOTECH, INC., Medtronic, Aziyo Biologics, Inc., and DSM Biomedical. among the others.
The report segments the global extracellular matrix market as follows:
Global Extracellular Matrix Market – By Application
Global Extracellular Matrix Market – By Raw Material
Global Extracellular Matrix Market – By Geography
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