NEWARK, Del, Aug. 11, 2022 (GLOBE NEWSWIRE) -- The global hemostasis products market is estimated to garner US$ 2,638 Million while exhibiting a 5.3% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 1,580 Million in 2022.
High-level technological advancements, strong economies, and a swarming pool of patients with a variety of blood disorders are the chief factors that will boost the market for hemostasis products in the near future. The leading causes of surgeries are cardiovascular disease and stroke, cancer, and injury. And any surgical procedure can develop severe complications and result in uncontrollable bleeding thus increasing the demand for hemostasis products.
The rapidly growing medical tourism sector coupled with the high investment made by governments of various countries towards the growth of the healthcare sector will provide lucrative opportunities for the growth of the market. The high expenses related to hemostasis products and stringent regulatory policies and the use of off-label products are projected to restrain the market's growth over the forecast period.
The topical hemostasis product segment is likely to offer remunerative opportunities for the global hemostasis products market. Several emerging economies are making significant developments in their technological sector, thereby, providing lucrative opportunities to players in the market.
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Key Takeaways:
- The global hemostasis products market is estimated at USD 1,501 Million in 2021
- By product, the topical hemostat segment accounts for a market share of 68.5% in 2021
- By application, the myocardial infarction segment accounts for the highest market share of 19.5% during the forecasting period.
- Market in the U.S to procure a market share of 29.5% during the assessment period.
“The increasing number of trauma and surgical cases, technological advancements in the fields of hemostasis products, and an increase in the prevalence of blood disorders are expected to fuel the demand for hemostasis products market over the forecast period”
Competitive Landscape
Key players in the global hemostasis products market are Medtronic, Johnson & Johnson, Baxter International, Pfizer, Becton, Dickinson, and Company (BD), B. Braun Melsungen AG, Tricol Biomedical, Hemostasis LLC, Teleflex Incorporated, CuraMedical BV, among various others
Recent updates from the industry are:
- In July 2021- Baxter International Inc announced its Baxter Healthcare Corporation subsidiary has completed the acquisition of certain assets related to PerClot Polysaccharide Hemostatic System from CryoLife, Inc. The transaction reinforces Baxter’s strategy of acquiring products and technologies that both complement and augment the company’s leading portfolio across the hospital, including in the operating room. PerClot has a global commercial presence with sales in more than 35 countries worldwide.
- Hemostasis is committed to producing high quality medical devices that are safe and effective for their intended use. Hemostasis introduced. BoneSeal bone hemostat is a new generation, absorbable solution providing immediate and long-term hemostasis without immediately dissolving. BoneSeal hemostat works quickly and delivers better results for you and your patients.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global hemostasis products market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Product (Topical hemostasis products, Infusible hemostasis products, Advanced hemostasis products) by Application (Trauma, Surgery, Hemophilia, Myocardial infarction, Others) and Region (North America, Europe, APAC, MEA, and Latin America)
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Key Segments Covered in the Hemostasis Products Industry Analysis
Hemostasis Products Market by Product:
- Topical Hemostasis Products
- Gelatin
- Polysaccharides
- Oxidized Regenerated Cellulose
- Collagen
- Infusible Hemostasis Products
- Platelet Concentrate from Donor Blood
- Fresh Frozen Plasma (FFP)
- Factor VIII
- Prothrombin
- Advanced Hemostasis Products
- Flowable
- Thrombin
- Synthetic Sealants
- Fibrin
Hemostasis Products Market by Application:
- Hemostasis Products for Trauma
- Hemostasis Products for Surgery
- Hemostasis Products for Hemophilia
- Hemostasis Products for Myocardial Infarction
- Hemostasis Products for Others
Hemostasis Products Market by End Use:
- Hemostasis Products in Hospitals
- Hemostasis Products in Ambulatory Surgical Centers
- Hemostasis Products in Others
Hemostasis Products Market by Region:
- North America Hemostasis Products Market
- Latin America Hemostasis Products Market
- Europe Hemostasis Products Market
- Asia Pacific Hemostasis Products Market
- Middle East and Africa Hemostasis Products Market
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Table of Content
1. Executive Summary
1.1. Global Market Overview
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Introduction and Definition
3. Market Background and Foundation Data Points
3.1. Need of the Hour for Industries
3.2. Hemostasis Products – Strategic Priorities
3.3. Life Cycle Stage
3.4. Importance of Technology
3.5. Use Cases of Hemostasis Products
Explore FMI’s Extensive Coverage on Healthcare Domain
Hemostasis Testing Systems Market: Hemostasis testing systems are diagnostic instruments which aid in the whole blood hemostasis testing and further provide detailed information regarding the risks and monitor the appropriate therapies.
Hemostasis Analyzers Market: The demand for advanced and sustainable hemostasis analyzers is increasing to provide optical or mechanical clot detection.
Pre-filled Hemostasis Agents Market: According to the latest research by FMI, pre-filled hemostasis agents market is set to witness a 6.8 % growth during the year 2021-2031. Hemostasis is a major challenge, primarily in surgical procedures and trauma.
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