Emerging Trends in Hemostats Market to 2023 - Dominated by (Gynecology, Neurology, Cardiovascular, Reconstructive) Applications

Geographically, the hemostats market dominated by North America, followed by Europe in 2017. However, Asia Pacific is estimated to grow at the highest rate during the forecast period. The improving healthcare infrastructure, growing medical tourism, increasing number of elderly people in the region.

The hemostats market is expected to reach USD 3.03 billion by 2023 from USD 2.27 billion in 2018, at a CAGR of 6.0%. Growth in this market is driven by the increasing number of surgical procedures, growing number of regulatory approvals, increasing incidence of sports-related injuries and spinal ailments.

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Hemostats market is segmented into thrombin-based hemostats, oxidized regenerated cellulose-based hemostats, combination hemostats, gelatin-based hemostats, and collagen-based hemostats.In 2018, thrombin-based hemostats segment is estimated to hold largest share of market. Large share of this segment is attributed to wide range of advantages associated with use of thrombin-based hemostats.

Target Audience for this Report:
• Manufacturers and vendors of hemostats products
• Distributors of hemostats products
• Venture capitalists
• Various research and consulting firms
• Hospitals and clinics
• Ambulatory surgical centers
• Medical device companies

Hemostats market is segmented into thrombin-based hemostats, oxidized regenerated cellulose-based hemostats, combination hemostats, gelatin-based hemostats, & collagen-based hemostats. Thrombin-based hemostats segment is expected to account for largest share of market in 2018. Large share of this market segment can primarily be attributed to wide range of advantages associated with use of thrombin-based hemostats.

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The report analyses the hemostats market by product, application, formulation, and region. Apart from a comprehensive geographic product analysis and market sizing, the report also provides a competitive landscape that covers growth strategies adopted by industry players over the last three years.

The Objectives of this Study are as follows:
• To define, describe, and forecast the hemostats market by product, application, formulation, and region
• To forecast the revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• To identify micromarkets and the drivers, opportunities, and trends affecting the growth of the market
• To strategically analyze market segments and subsegments with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To profile key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies
• To track and analyze competitive developments such as collaborations, acquisitions, product launches, expansions, and R&D activities in the hemostats market

The key players in the hemostats market include CR Bard, Inc. (US). B. Braun Melsungen AG (Germany), Baxter International, Inc. (US), Integra LifeSciences (US), Marine Polymer Technologies, Inc. (US), Teleflex (US), Ethicon, Inc. (US), Pfizer, Inc. (US), Z-Medica LLC (US), and Gelita Medical GmbH (Germany).

More Information “Hemostats Market by Product (Thrombin, Oxidised Regenerated Cellulose, Combination, Gelatin, Collagen), Application (Gynecology, Neurology, Cardiovascular, Reconstructive), Formulation (Powder, Matrix & Gel, Sheets & Pads) - Global Forecast to 2023” report at https://www.reportsnreports.com/purchase.aspx?name=482939 .

Top-down and bottom-up approaches were used to estimate and validate size of hemostats market & size of various other dependent submarkets. Overall market size was used in top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation—by product, formulation, and application) through percentage splits from secondary and primary research.

The primary interviews conducted for this report can be categorized as follows:
• By Company Type: Tier 1–70%,Tier 2–30%
• By Designation: C level–62%, Director level–21%, Others–17%
• By Region: North America–50%, Europe–20%, Asia Pacific–30%

North America is expected to account for largest share of global hemostats market. Hemostats market in North America is well-established, with US being a major market in this region. Growth in North American market is majorly driven by growing geriatric population and increasing number of surgeries in region.

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This release was published on openPR.