Hemostats Market Estimated to Expand at a CAGR of 6.6% | Global Leaders: Ethicon US LLC (U.S.), Pfizer and C.R. Bard, Baxter, Vascular Solutions, B.Braun Melsungen, 3-D Matrix

Market Snapshot:

The Global Hemostats Market is accounted to reach USD 4.5 billion by 2024 from USD 2.7 billion in 2016, at a CAGR of 6.6% in the forecast period 2017 to 2024.

The major factors driving the growth of this market are the increasing number of surgeries, increasing healthcare expenditure, technological advancements, chronic condition and aging population.

Hemostat is a surgical tool used to control bleeding during surgery. Hemostats are applied by the means of tissue sealants and tissue adhesion agents. Tissue sealants and adhesives are mainly classified into two types namely, physical agents and biological substrates. Tissue sealants, tissue adhesives and adhesion prevention products are rapidly replacing conventional sutures for wound and incision closure. Advantages of tissue sealants, tissue adhesives and adhesion prevention products over conventional suture involve minimal invasive application, improve visualization, reduced operating time, prevention of leakage of non-blood fluids and reduced post-operative infection risks and thereby reduction in hospital stays and overall medical costs.

Wide range of applications, continuous advancement in product portfolio, technological advancement facilitating the end users and insurance support to manufacturers in promoting tissue sealants are the major driving forces of the global hemostats market. On the other hand, low awareness about the products and stringent regulatory rules to control and regulate the tissue adhesives and tissue sealants industry are restraining the potential growth of this market.

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Top Industry Players:

This report studies the global Hemostats market, analyzes and researches the Hemostats development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
• Ethicon US LLC (U.S.)
• Pfizer and C.R. Bard Inc.,
• Baxter,
• Vascular Solutions, Inc.,
• B.Braun Melsungen,
• 3-D Matrix, Ltd.,
• Resorba Medical GmbH (an Advanced Medical Solutions Group plc Company)
• Anika Therapeutics, Inc.,
• Arch Therapeutics Inc.
• Biom’Up SAS,
• CryoLife, Inc.,
• Gamma Therapeutics, Inc.,
• Hemostasis,
• LLC,
• MedTrade Products Limited,
• Integra LifeSciences Corporation,
• Medline Industries, Inc.,
• HEMOTEC MEDICAL GMBH, Stryker,
• CSL Behring,
• Mallinckrodt,
• Equimedical, B.V.

What our report offers:
• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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Market Segments:
The market is further segmented into:
• Type
• Application
• Usage Pattern
• Mode Administration
• End User
• Geography

The Global Hemostats Market is segmented on the basis of type, application, distribution channel, and end user. The global hemostats market is segmented into 5 major types, namely thrombin based hemostats, combination agents, oxidized regenerated cellulose based hemostats, gelatin based hemostats and collagen based hemostats. In 2017, the thrombin based hemostats segment is expected to dominate the market with a share of ~38.0% and collagen agents is expected to grow with the highest CAGR during the forecast period from 2017 to 2024.

Based on application, the market is segmented into surgery and wound closure.
Based on end users, the market is classified into hospitals, community healthcare, ambulatory centers and clinics. In 2017, the hospital segment is expected to dominate the market and is expected to continue this trend till 2024.
Based on geography, the Global Medical Aesthetics market is segmented into 11 geographical regions, such as,
• Japan,
• North America,
• South America,
• Europe,
• Asia-Pacific,
• Middle East
• Africa

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This release was published on openPR.