Extracellular Matrix Industry surging with CAGR of 7.6% between 2021 and 2028

Posted by Sagar Pawar on September 30th, 2022

According to our latest research study, titled "Extracellular Matrix Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Raw material and Application," the market is projected to reach US$ 52.72 million by 2028 from US$ 31.49 million in 2021. It is estimated to grow at a CAGR of 7.6% from 2021 to 2028. The report highlights trends prevailing in the market and the factors governing the market growth. The 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.

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The extracellular matrix is present in the outer side of the tissues and it helps tissues 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, including cardiac and vascular repair procedures. Several factors, such as the significant rising incidence of cardiovascular diseases and trauma and an increase in vascular reconstruction procedures, are boosting the extracellular matrix market growth. However, the challenges during the usage of decellularized extracellular matrix hamper the market's growth.

Based on the application, the extracellular matrix market has been segmented into soft tissue repair, dural repair, wound healing, cardiac repair, pericardial repair, and vascular repair and reconstruction. The soft tissue repair segment is likely to account for a larger market share in 2021. However, the vascular repair and reconstruction segment is expected to register a higher CAGR in the market during the forecast period. Vascular repair or reconstruction is done for vascular trauma. Vascular trauma is an injury caused to a blood vessel, such as an artery that carries blood to an organ or vein and, after that, returns to the heart. The injury to the blood vessel is due to blunt injury, which includes crushing or stretching of the blood vessel or when the blood vessel is punctured or torn. A vessel trauma can lead to clots and interrupt blood flow to an organ. Bleeding due to blood vessel damage can also lead to hemorrhage that might further cause death.

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