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Asia Pacific Soft Tissue Repair Market Forecast 2019-2028

The Asia Pacific soft tissue repair market is expected to grow with a CAGR of 6.83%, over the forecast period of 2019 to 2028. The key factors propelling the region's market growth include the large population base, the growing prevalence of congenital heart diseases, and a well-established research framework.

The Asia Pacific soft tissue repair market growth analysis is assessed through India, South Korea, Australia & New Zealand, Thailand, China, Indonesia, Japan, Vietnam, and the rest of the Asia Pacific. The growing cases of congenital heart diseases in Australia & New Zealand, particularly among the pediatric population, coupled with the surging healthcare expenditure, are anticipated to bolster small diameter cardiovascular patches' usage rate. For instance, according to the data published by the Australian Institute of Health and Welfare (AIHW) in 2020, nearly 5.6% of Australian adults had one or more complications associated with the heart, or vascular conditions, including stroke, from 2017 to 2028. Besides, heart disease is the primary cause of disability and death, in New Zealand.
On the other hand, successful collaborations between key enterprises and federal organizations, striving to minimize the risks of congenital heart conditions, are projected to augment the demand for soft tissue repair patches in the region. Moreover, the policy regulations from the National Health and Medical Research Council (NHMRC) present Australia with a well-established research structure, thereby increasing the need for tissue repair products. Hence, these factors are expected to bolster the region's market growth, over the forecast years.

Becton, Dickinson and Company (BD), Baxter International Inc, Medtronic PLC, Bard Peripheral Vascular Inc (CR Bard), Stryker Corporation, etc., are some of the prominent companies operating in the market.

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Asia Pacific Soft Tissue Repair Market Forecast 2019-2028
Published By :Inkwood Research
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