Analysts’ Viewpoint
High morbidity and mortality rate of heart failure, despite breakthroughs in treatment, is driving the global absorbable antibacterial envelope market. Mortality in heart failure patients is not always related to hemodynamic failure, but can also be due to ventricular arrhythmias. Usage of implantable cardioverter defibrillators (ICDs) to reduce arrhythmic sudden deaths is expected to augment the market in the next few years. Furthermore, cardiac resynchronization therapy (CRT) is another promising treatment option for people with heart failure.
Increase in geriatric population; rise in number of people adopting sedentary lifestyles; high tobacco and alcohol consumption; and adoption of unbalanced diet are anticipated to augment the absorbable antibacterial envelope market. Manufacturers are focusing on developing effective and low-cost products for the treatment of heart failure to increase their market share.
Absorbable antibacterial envelope is a single-use device that holds a cardiac implantable electronic device or implanted neurostimulator. It is designed to stabilize the device after implantation, while releasing antibacterial agents. It can be made from multifilament, knitted absorbable mesh, or extracellular matrix (ECM) derived from porcine small intestinal submucosa. The envelope is fully absorbed by the body within few weeks after implantation.
Cardiovascular implantable electronic devices, such as implantable cardioverter defibrillator (ICDs), cardiac resynchronization therapy defibrillator (CRT-D), and cardiac resynchronization therapy pacemaker (CRT-P), are used to treat arrhythmias or abnormal heart rhythms. These devices are surgically implanted inside the body to ensure that the heart beats at a consistent rate that matches the needs of the individual.
High prevalence of cardiovascular diseases across the globe and constant research & development activities in product advancements are likely to drive industry growth during the forecast period.
Cardiovascular diseases (CVDs) are a leading cause of death across the world. According to the World Health Organization (WHO), CVDs account for nearly 17.9 million deaths every year, which is estimated to be 31% of all global deaths. According to CDC, 18.2 million adults aged 20 and older (about 6.7%) have coronary artery disease (CAD) in the U.S. Out of 10, two deaths occur from CAD in adults less than 65 years old.
Rise in prevalence of cardiovascular diseases in developing countries can be linked to the increase in incidence of hypertension, smoking, and obesity led by changing lifestyles and a surge in incidence of diabetes and pre-diabetes. Thus, rise in prevalence of cardiovascular diseases is driving the need for cardiovascular monitoring devices. Therefore, presence of a large patient pool with cardiovascular diseases is projected to fuel market expansion during the forecast period.
According to a study published in the American Journal of Medicine, the U.S. population is aging rapidly. Increase in life expectancy is expected to result in doubling of the population aged 65 years or above (from 40 million people in 2010 to 81 million by 2040).
Aging is one of the key factors responsible for the increase in incidence of chronic diseases such as hypertension and high blood cholesterol level. This is likely to drive the demand for cardiac procedures for heart failure.
Mortality rate is the highest in Eastern Europe and middle-income countries. Overall CVD death rates are higher in low- and middle-income countries than those in developed nations. Thus, increase in population aged 65 years or above is augmenting the demand for cardiac implantable electronic devices (CIEDs) including pacemakers and defibrillators. This is anticipated to bolster market development during the forecast period.
In terms of application, the cardiac resynchronization therapy-defibrillator (CRT-D) segment dominated the global absorbable antibacterial envelope market, with around 40% share in 2021. CRT-D is a specialist device used to treat individuals who have heart failure or are at the risk of sudden cardiac death. Overly rapid heart rhythms (more than 100 beats per minute) can cause a sudden cardiac arrest, which the device can also address. The CRT-D device delivers an electric shock to the heart (defibrillation) If it detects abnormally fast heartbeats. This shock stops any aberrant cardiac rhythms.
Based on end-user, the hospitals segment is projected to account for a dominant share of the global absorbable antibacterial envelope market from 2022 to 2031. Large share of the hospitals segment can be ascribed to the increase in usage of absorbable antibacterial envelope in cardiac implantable devices across hospitals.
The ambulatory surgical centers segment is anticipated to expand at a high CAGR from 2022 to 2031. Surge in preference for ambulatory surgical centers — these are high quality, cost-effective settings for cardiac patients and cardiovascular procedures — is expected to propel the segment during the forecast period.
North America accounted for the largest share of more than 40% in 2021. The industry in the region is projected to expand at a CAGR of 5.5% from 2022 to 2031. This can be ascribed to the higher rate of adoption of absorbable antibacterial envelope in developed regions, including North America, as only commercial available antibacterial envelope products by Medtronic plc and Aziyo Biologics, Inc. have reported high sales.
Asia Pacific was the fastest growing region in 2021. The business in the region is expected to expand at a CAGR of 6.4% during the forecast period. This can be ascribed to large population in countries such as India and China, significant geriatric population in Japan, and improving health care facilities. Additionally, rise in awareness about cardiovascular diseases and untapped opportunities are expected to augment market progress in the region during the forecast period.
The global absorbable antibacterial envelope market is highly consolidated, with the presence of only two key players. Advancements in available products and mergers & acquisitions are the key strategies adopted by the players. The industry is consolidated, with the presence of small number of players. Key players in the market are Medtronic plc and Aziyo Biologics, Inc.
Each of these players has been profiled in the absorbable antibacterial envelope market report based on parameters such as company overview, financial overview, strategies, portfolio, segments, and recent developments.
Attribute |
Detail |
Size in 2021 |
US$ 32.5 Mn |
Forecast (Value) in 2031 |
US$ 56.9 Mn |
Growth Rate |
5.8% |
Forecast Period |
2022–2031 |
Historical Data Available for |
2017–2021 |
Quantitative Units |
US$ Mn for Value |
Market Analysis |
It includes cross segment analysis as well as regional level analysis. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview. |
Competition Landscape |
Market share analysis by company (2021) Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials. |
Format |
Electronic (PDF) + Excel |
Segmentation |
|
Regions Covered |
|
Companies Profiled |
|
Customization Scope |
Available upon request |
Pricing |
Available upon request |
It was valued at US$ 32.5 Mn in 2021.
It is projected to reach US$ 56.9 Mn by 2031.
The CAGR was 2.4% from 2017 to 2021.
The CAGR is expected to be 5.8% from 2022 to 2031.
Increase in patient population with cardiovascular diseases, surge in the geriatric population, and changing lifestyle leading to cardiovascular diseases.
The resting ECG systems segment held more than 40% share in 2021.
North America is projected to account for major share from 2022 to 2031.
Medtronic plc and Aziyo Biologics, Inc.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Absorbable Antibacterial Envelope Market
4. Market Overview
4.1. Introduction
4.1.1. Segment Definition
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Absorbable Antibacterial Envelope Market Analysis and Forecast, 2017–2031
4.4.1. Market Revenue Projections (US$ Mn)
4.5. Porter’s Five Force Analysis
5. Key Insights
5.1. Technological Advancements
5.2. Regulatory Scenario by Region/globally
5.3. Key Industry Events (Mergers, Acquisitions, Partnerships, Collaborations, etc.)
5.4. COVID-19 Pandemic Impact on Industry
6. Global Absorbable Antibacterial Envelope Market Analysis and Forecast, by Application
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value Forecast, by Application, 2017–2031
6.3.1. Cardiac Resynchronization Therapy Defibrillators (CRT-D)
6.3.2. Implantable Cardioverter Defibrillators (ICD)
6.3.3. Cardiac Resynchronization Therapy Pacemakers (CRT-P)
6.4. Market Attractiveness Analysis, by Application
7. Global Absorbable Antibacterial Envelope Market Analysis and Forecast, by End-user
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value Forecast, by End-user, 2017–2031
7.3.1. Hospitals
7.3.2. Ambulatory Surgical Centers
7.3.3. Others
7.4. Market Attractiveness Analysis, by End-user
8. Global Absorbable Antibacterial Envelope Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness Analysis, by Region
9. North America Absorbable Antibacterial Envelope Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value Forecast, by Application, 2017–2031
9.2.1. Cardiac Resynchronization Therapy Defibrillators (CRT-D)
9.2.2. Implantable Cardioverter Defibrillators (ICD)
9.2.3. Cardiac Resynchronization Therapy Pacemakers (CRT-P)
9.3. Market Value Forecast, by End-user, 2017–2031
9.3.1. Hospitals
9.3.2. Ambulatory Surgical Centers
9.3.3. Others
9.4. Market Value Forecast, by Country, 2017–2031
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Application
9.5.2. By End-user
9.5.3. By Country
10. Europe Absorbable Antibacterial Envelope Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value Forecast, by Application, 2017–2031
10.2.1. Cardiac Resynchronization Therapy Defibrillators (CRT-D)
10.2.2. Implantable Cardioverter Defibrillators (ICD)
10.2.3. Cardiac Resynchronization Therapy Pacemakers (CRT-P)
10.3. Market Value Forecast, by End-user, 2017–2031
10.3.1. Hospitals
10.3.2. Ambulatory Surgical Centers
10.3.3. Others
10.4. Market Value Forecast, by Country/Sub-region, 2017–2031
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Application
10.5.2. By End-user
10.5.3. By Country/Sub-region
11. Asia Pacific Absorbable Antibacterial Envelope Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value Forecast, by Application, 2017–2031
11.2.1. Cardiac Resynchronization Therapy Defibrillators (CRT-D)
11.2.2. Implantable Cardioverter Defibrillators (ICD)
11.2.3. Cardiac Resynchronization Therapy Pacemakers (CRT-P)
11.3. Market Value Forecast, by End-user, 2017–2031
11.3.1. Hospitals
11.3.2. Ambulatory Surgical Centers
11.3.3. Others
11.4. Market Value Forecast, by Country/Sub-region, 2017–2031
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Application
11.5.2. By End-user
11.5.3. By Country/Sub-region
12. Latin America Absorbable Antibacterial Envelope Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value Forecast, by Application, 2017–2031
12.2.1. Cardiac Resynchronization Therapy Defibrillators (CRT-D)
12.2.2. Implantable Cardioverter Defibrillators (ICD)
12.2.3. Cardiac Resynchronization Therapy Pacemakers (CRT-P)
12.3. Market Value Forecast, by End-user, 2017–2031
12.3.1. Hospitals
12.3.2. Ambulatory Surgical Centers
12.3.3. Others
12.4. Market Value Forecast, by Country/Sub-region, 2017–2031
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Application
12.5.2. By End-user
12.5.3. By Country/Sub-region
13. Middle East & Africa Absorbable Antibacterial Envelope Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value Forecast, by Application, 2017–2031
13.2.1. Cardiac Resynchronization Therapy Defibrillators (CRT-D)
13.2.2. Implantable Cardioverter Defibrillators (ICD)
13.2.3. Cardiac Resynchronization Therapy Pacemakers (CRT-P)
13.3. Market Value Forecast, by End-user, 2017–2031
13.3.1. Hospitals
13.3.2. Ambulatory Surgical Centers
13.3.3. Others
13.4. Market Value Forecast, by Country/Sub-region, 2017–2031
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Application
13.5.2. By End-user
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player - Competition Matrix (by tier and size of companies)
14.2. Market Share Analysis, by Company, 2021
14.3. Company Profiles
14.3.1. Medtronic plc
14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.1.2. Product Portfolio
14.3.1.3. Financial Overview
14.3.1.4. SWOT Analysis
14.3.1.5. Strategic Overview
14.3.2. Aziyo Biologics, Inc.
14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.2.2. Product Portfolio
14.3.2.3. Financial Overview
14.3.2.4. SWOT Analysis
14.3.2.5. Strategic Overview
List of Tables
Table 1: Global Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 2: Global Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 3: Global Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by Region, 2017–2031
Table 4: North America Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 5: North America Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 6: North America Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by Country, 2017–2031
Table 7: Europe Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 8: Europe Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 9: Europe Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 10: Asia Pacific Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 11: Asia Pacific Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 12: Asia Pacific Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 13: Latin America Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 14: Latin America Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 15: Latin America Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
Table 16: Middle East & Africa Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by Application, 2017–2031
Table 17: Middle East & Africa Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by End-user, 2017–2031
Table 18: Middle East & Africa Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
List of Figures
Figure 1: Global Absorbable Antibacterial Envelope Market Value (US$ Mn), 2017–2031
Figure 2: Global Absorbable Antibacterial Envelope Market Value Share, by Application, 2021
Figure 3: Global Absorbable Antibacterial Envelope Market Value Share, by End-user, 2021
Figure 4: Global Absorbable Antibacterial Envelope Market Value Share, by Region, 2021
Figure 5: Global Absorbable Antibacterial Envelope Market Value Share Analysis, by Application, 2021 and 2031
Figure 6: Global Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), by Cardiac Resynchronization Therapy Defibrillators (CRT-D), 2017–2031
Figure 7: Global Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), by Implantable Cardioverter Defibrillators (ICD), 2017–2031
Figure 8: Global Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), by Cardiac Resynchronization Therapy Pacemakers (CRT-P), 2017–2031
Figure 9: Global Absorbable Antibacterial Envelope Market Attractiveness Analysis, by Application, 2022-2031
Figure 10: Global Absorbable Antibacterial Envelope Market Value Share Analysis, by End-user, 2021 and 2031
Figure 11: Global Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), by Hospitals, 2017–2031
Figure 12: Global Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), by Ambulatory Surgical Centers, 2017–2031
Figure 13: Global Absorbable Antibacterial Envelope Market Value (US$ Mn) Forecast and Y-o-Y Growth (%), by Others, 2017–2031
Figure 14: Global Absorbable Antibacterial Envelope Market Attractiveness Analysis, by End-user, 2022-2031
Figure 15: Global Absorbable Antibacterial Envelope Market Value Share Analysis, by Region, 2021 and 2031
Figure 16: Global Absorbable Antibacterial Envelope Market Attractiveness Analysis, by Region, 2022-2031
Figure 17: North America Absorbable Antibacterial Envelope Market (US$ Mn) Forecast, 2017–2031
Figure 18: North America Absorbable Antibacterial Envelope Market Value Share Analysis, by Application, 2021 and 2031
Figure 19: North America Absorbable Antibacterial Envelope Market Attractiveness Analysis, by Application, 2022-2031
Figure 20: North America Absorbable Antibacterial Envelope Market Value Share Analysis, by End-user, 2021 and 2031
Figure 21: North America Absorbable Antibacterial Envelope Market Attractiveness Analysis, by End-user, 2022-2031
Figure 22: North America Absorbable Antibacterial Envelope Market Value Share Analysis, by Country, 2021 and 2031
Figure 23: North America Absorbable Antibacterial Envelope Market Attractiveness Analysis, by Country 2022-2031
Figure 24: Europe Absorbable Antibacterial Envelope Market (US$ Mn) Forecast, 2017–2031
Figure 25: Europe Absorbable Antibacterial Envelope Market Value Share Analysis, by Application, 2021 and 2031
Figure 26: Europe Absorbable Antibacterial Envelope Market Attractiveness Analysis, by Application, 2022-2031
Figure 27: Europe Absorbable Antibacterial Envelope Market Value Share Analysis, by End-user, 2021 and 2031
Figure 28: Europe Absorbable Antibacterial Envelope Market Attractiveness Analysis, by End-user, 2022-2031
Figure 29: Europe Absorbable Antibacterial Envelope Market Value Share Analysis, by Country/Sub-region, 2017 and 2031
Figure 30: Europe Absorbable Antibacterial Envelope Market Attractiveness Analysis, by Country/Sub-region, 2022-2031
Figure 31: Asia Pacific Absorbable Antibacterial Envelope Market (US$ Mn) Forecast, 2017–2031
Figure 32: Asia Pacific Absorbable Antibacterial Envelope Market Value Share Analysis, by Application, 2021 and 2031
Figure 33: Asia Pacific Absorbable Antibacterial Envelope Market Attractiveness Analysis, by Application, 2022-2031
Figure 34: Asia Pacific Absorbable Antibacterial Envelope Market Value Share Analysis, by End-user, 2021 and 2031
Figure 35: Asia Pacific Absorbable Antibacterial Envelope Market Attractiveness Analysis, by End-user, 2022-2031
Figure 36: Asia Pacific Absorbable Antibacterial Envelope Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 37: Asia Pacific Absorbable Antibacterial Envelope Market Attractiveness Analysis, by Country/Sub-region, 2022-2031
Figure 38: Latin America Absorbable Antibacterial Envelope Market (US$ Mn) Forecast, 2017–2031
Figure 39: Latin America Absorbable Antibacterial Envelope Market Value Share Analysis, by Application, 2021 and 2031
Figure 40: Latin America Absorbable Antibacterial Envelope Market Attractiveness Analysis, by Application, 2022-2031
Figure 41: Latin America Absorbable Antibacterial Envelope Market Value Share Analysis, by End-user, 2021 and 2031
Figure 42: Latin America Absorbable Antibacterial Envelope Market Attractiveness Analysis, by End-user, 2022-2031
Figure 43: Latin America Absorbable Antibacterial Envelope Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 44: Latin America Absorbable Antibacterial Envelope Market Attractiveness Analysis, by Country/Sub-region, 2022-2031
Figure 45: Middle East & Africa Absorbable Antibacterial Envelope Market (US$ Mn) Forecast, 2017–2031
Figure 46: Middle East & Africa Absorbable Antibacterial Envelope Market Value Share Analysis, by Application, 2021 and 2031
Figure 47: Middle East & Africa Absorbable Antibacterial Envelope Market Attractiveness Analysis, by Application, 2022-2031
Figure 48: Middle East & Africa Absorbable Antibacterial Envelope Market Value Share Analysis, by End-user, 2021 and 2031
Figure 49: Middle East & Africa Absorbable Antibacterial Envelope Market Attractiveness Analysis, by End-user, 2022-2031
Figure 50: Middle East & Africa Absorbable Antibacterial Envelope Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
Figure 51: Middle East & Africa Absorbable Antibacterial Envelope Market Attractiveness Analysis, by Country/Sub-region, 2022-2031
Figure 52: Global Absorbable Antibacterial Envelope Market Share Analysis, by Company (2021)