Global Bioprosthetics Market by Application, by Product, by Region and Segment, Forecasts 2020–2026

Global Bioprosthetics Market by Application, by Product, by Region and Segment, Forecasts 2020–2026

Global Bioprosthetics Market was valued at USD 3.24 Billion in 2018, and is expected to grow at CAGR of 10.2% over the forecast period 2020–2026. Increasing geriatric population, surging population, high prevalence of cardiovascular diseases and higher susceptibility to develop degenerative cardiac diseases are the factors driving the market.

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The raising prevalence of cardiovascular disorders, such as coronary and peripheral artery diseases, rheumatoid heart disease, and equivalently the demand for prolong relief is expected to broaden the base for the bioprosthetics market. Since the bioprothetic products are made up of biological materials, rate of rejection of implants is comparatively less than that of synthetic implants. The increasing aging population indicated with a raising degenerative cardiac diseases is fueling the bioprosthetic market. Whereas major factors that negatively affect the growth of this market include need of multiple surgeries, threat of infections and incompatibility (tissue rejection), irreversible nature and threat of uneven skin tone and scars after surgeries.

The new emergence in technologies with the novel innovations has evolve the progress in the field hybrid tissue-engineered bioprostheses, in which non-biodegradable cultured tissue scaffolds are used. These hybrid tissue-engineered bioprostheses are with high resistance and durability and can be alternatives for the biodegradable tissue-engineered prosthetics. The new technology which provide a sense of touch to the bio-prosthetics limb is being develop, which would revolutionize this field and allow many patients with limited options for restoring function to have near normal life-experiences. These technological advancements are expected to potentially decrease the morbidity and mortality rate associated with heart valve disorders, abdominal wall diseases, orthopedic disorders and others, which are expected to increase the share of bioprosthetics market.

Market Trends, Drivers, Restraints and Opportunity:

Increasing prevalence of bioprosthetics due to cardiovascular diseases is likely to propel the demand in the forthcoming years. Moreover, rise in geriatric population with cardiovascular and respiratory diseases is anticipated to propel the market growth in the forecast span
Emergence of innovative technologies has made rapid evolution in tissue-engineered bioprostheses which in turn impels the market growth throughout the forecast span
The technological advancements are anticipated to radically reduce the mortality rate associated with heart valve and abdominal wall disease
Patients with rheumatic heart disease are more likely to demand bioprosthetics for valve replacement. Use of tissue scaffolds are likely to create ample opportunities for futuristic market growth in the coming years
On contrary, issues pertaining to valve durability is likely to develop challenges in the upcoming period