Global Hemostats Market

Author: Mayuri Kathade

Global Hemostats Market is expected to reach US$ 3.5 Bn by 2026 at a CAGR of 6.5% during the forecast period. The hemostat is also known as hemostat clamp or arterial forceps. It is a surgical tool that is used during minimally invasive surgical procedures in order to control blood loss or halt bleeding during surgery. It is essentially used in the early phases of surgery for an initial incision that closes blood vessels until ligation.

Hemostats market is segmented by product, application, formulation, and region. Among products, thrombin-based hemostats division market accounted for the largest share in 2018 due to its high adoption of innovative products and advanced technology.

Hemostats Market

Chronic conditions and aging population leading to increase in the number of surgical procedures, technological advancements, the increasing number of minimally invasive surgeries, and improving healthcare spending would drive the market growth rate of hemostats. In addition, it has lucrative growth opportunities due to unmet medical needs and emerging healthcare market conditions. However, a reluctance of surgeons towards new products and weak reimbursement may hamper the market growth.

Based on applications, orthopedic surgery and neurological surgery division are expected to be some of the major and fastest growing segments in the forecast period due to rising adoption of minimally invasive surgeries and rise in regulated clinical procedures of old people.

Among regions, the North America region is expected to grow at the highest CAGR during the forecast period due to a large number of surgeries performed in the region as well as the development of technologically advanced products for achieving blood control during trauma-related procedures. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to an increasing number of surgeries, technological advancements, chronic condition, and improvement in healthcare access.

The key players of the Hemostats market include Bard, Inc. (US). Ethicon, Inc. (US), B. Braun Melsungen AG (Germany), Teleflex (US), Baxter International, Inc. (US), Integra LifeSciences (US), Marine Polymer Technologies, Inc. (the US), Pfizer, Inc. (the US), Z-Medica LLC (US), and Gelita Medical GmbH (Germany) among others. The production players focus on mergers and collaborations, strategic partnerships, as well as innovative technological product launches to expand their business product portfolio as main strategies.

In the Hemostats market, Baxter International, Inc. (US), holds the leadership position due to advancing surgical innovation, production capacity expansion, brand portfolio expansion, mergers, collaborations, and acquisitions. In 2018, the company has adopted new product launches, product enhancements, and geographic expansion as its crucial business plans to certify its dominance in this market.

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The scope of Hemostats Market Report

Hemostats Market by Product:

  • Thrombin-based hemostats
  • Oxidized regenerated cellulose based hemostats
  • Combination hemostats
  • Gelatin-based hemostatsCollagen-based hemostats

Hemostats Market by Application:

  • Orthopedic surgery
  • General surgery
  • Neurological surgery
  • Cardiovascular surgery
  • Reconstructive surgery
  • Gynecological surgery
  • Other surgeries

Hemostats Market by Formulation:

  • Matrix & gel hemostats
  • Sheet & pad hemostats
  • Sponge hemostats
  • Powder hemostats

Hemostats Market by Region:

  • North America
  • Europe
  • APAC
  • Latin America
  • MEA

Key Players operated in Hemostats Market:

  • CR Bard, Inc.
  • Ethicon, Inc.
  • Braun Melsungen AG
  • Teleflex
  • Baxter International, Inc.
  • Integra LifeSciences
  • Marine Polymer Technologies, Inc.
  • Pfizer, Inc.
  • Z-Medica LLC
  • Gelita Medical GmbH

This Report Is Submitted By @ Maximize Market Research Company

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