Hemostats Market Size, Share and Growth Analysis
Hemostats Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Hemostats Market was valued at USD 2.15 billion in 2017 and projected to reach USD 3.5 billion by 2025 growing at a CAGR of 6.1% during the forecast period 2017 to 2025.
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Hemostats Market Growth Drivers and Restraints:
Rising volumes of surgical methods performed across the world coupled with increasing amount of trauma and disaster injury cases are anticipated to foster the growth of global hemostats market.
The use of these devices does not require any specific scientific expertise and thus, can be used at even the tiniest clinics, creating a massive customer base and business growth potential. Furthermore, the use of these tools can be found not only in trauma injury surgical systems but also in complex surgeries that involves important blood loss due to open incisions made on the patients’ skin such as open-heart operation, hernia repair surgery, joint repair medicine, cardiovascular surgery, and neurologic surgery.
However, the cluttering of medical field due to multiple clamp attachment creating inconvenience to the surgeons and thus, starting to surgical errors is supposed to hinder the market growth.
The global business is driven by the growing number of surgical procedures, growing amount of regulatory approvals, rising incidence of sports-related fractures and spinal ailments, and increasing focus on effective blood loss control in patients during surgeries. Furthermore, the emerging markets and an increase in the number of hospitals and medical centers are expected to offer further growth possibilities for players in the hemostats market during the forecast period.
Geographical Analysis of Hemostats Market:
North America is expected to account for the substantial part of the global Hemostats Market in the years ahead. The market in North America is well-established, with the US doing a major contribution in the entire region. Growth in the North American business is majorly driven by the increasing geriatric population and an increasing number of surgeries in the USA and Canada.
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Key Players of Hemostats Market:
The main players in the world hemostats market include CR Bard, B. Braun Melsungen AG (Germany), Inc. (US). Integra LifeSciences (US), Baxter International, Inc. (US), Marine Polymer Technologies, Teleflex (US), Ethicon, Inc. (US), Inc. Z-Medica LLC (US), (US), Pfizer, Inc. (US), and Gelita Medical GmbH (Germany).
Hemostats Market Segmentation:
By Product:
- Thrombin-Based Hemostats
- Oxidized Regenerated Cellulose-Based Hemostats
- Combination Hemostats
- Gelatin-Based Hemostats
- Collagen-Based Hemostats
By Formulation:
- Matrix & Gel Hemostats
- Sheet & Pad Hemostats
- Sponge Hemostats
- Powder Hemostats
By Application:
- Orthopedic Surgery
- General Surgery
- Neurological Surgery
- Cardiovascular Surgery
- Reconstructive Surgery
- Gynecological Surgery
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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