Press release
Surgical Hemostats, Internal Tissue Sealants, and Adhesion Barriers Market to Reach US$ 6.2 Bn by 2025 End
Other factors driving demand for orthopaedic procedures are rising aging population, new demand for natural surgical surgical hemostats, internal tissue sealants and adhesion barriers with advanced technology, expansion of product in the developing regions with greater efficacy among end users and growing concerns for blood loss during surgical procedures. Availability of multiple surgical hemostats, internal tissue sealants and adhesion barriers and manufacturing of novel products such as new fibrin and collagen or thrombin based sealants with high quality tissue closure strength is expected to bolster growth of the surgical hemostats, internal tissue sealants and adhesion barriers market in the near future. Also, rising adoption of surgical hemostats, internal tissue sealants and adhesion barriers in developing countries, increasing rate of surgical procedures in developed nations with new advanced techniques and product innovation is expected to drive growth of surgical hemostats, internal tissue sealants and adhesion barriers market during the forecast period.
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According to the latest market report published by Persistence Market Research, titled ‘Global Surgical Hemostats, Internal Tissue Sealants and Adhesion Barriers Market: Industry Analysis and Forecast (2017-2025)’, the global surgical hemostats, internal tissue sealants and adhesion barriers market is expected to expand at a CAGR of 8.9% during the forecast period 2017–2025, crossing a value beyond US$ 6.2 Bn by 2025 end.
The global surgical hemostats, internal tissue sealants and adhesion barriers market is segmented as follows:
By Product Type
Hemostats
Thrombin Based
Combination Hemostats
Oxidized Regenerated Cellulose Based
Gelatin Based
Collagen Based
Internal Tissue Sealants
Fibrin Based
Collagen Based
Protein Based
Synthetic Polymer Based
Adhesion Barriers
Film Based
Gel Based
Solution Based
By Surgical Application
Surgical Applications
Cardiovascular Surgeries
Neurological Surgeries
Orthopedic Surgeries
Urological & Gynecological Surgeries
General Surgeries
Reconstructive and Plastic Surgeries
Others
Trauma Cases
By End User
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
The market is classified based on product type, application, and end user. On the basis of product type, the market has been segmented into hemostats, adhesion barriers, and internal tissue sealants. Hemostats is expected to remain the largest segment, registering a moderate CAGR of 7.4% in terms of value, over the forecast period. Wider application in various surgical conditions and easier availability is expected to contribute to its growing popularity. The hemostats product segment is expected to reach a market value of US$ 2,365.1 Mn by 2025 end. Adhesion barriers and internal tissue sealants are also expected to emerge as popular product types among both patients and physicians, globally, over the forecast period.
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List of Tables
1. North America Surgical Hemostats, Internal Tissue Sealants and Adhesion Barriers Market Analysis 2012–2016 and Forecast 2017–2025
2. Latin America Surgical Hemostats, Internal Tissue Sealants and Adhesion Barriers Market Analysis 2012–2016 and Forecast 2017–2025
3. Europe Surgical Hemostats, Internal Tissue Sealants and Adhesion Barriers Market Analysis 2012–2016 and Forecast 2017–2025
4. Asia Pacific Surgical Hemostats, Internal Tissue Sealants and Adhesion Barriers Market Analysis 2012–2016 and Forecast 2017–2025
5. MEA Surgical Hemostats, Internal Tissue Sealants and Adhesion Barriers Market Analysis 2012–2016 and Forecast 2017–2025
6. Global Surgical Hemostats, Internal Tissue Sealants and Adhesion Barriers Market Analysis 2012–2016 and Forecast 2017–2025, By Region
7. Global Surgical Hemostats, Internal Tissue Sealants and Adhesion Barriers Market Analysis 2012–2016 and Forecast 2017–2025, By Drug Class
8. Global Surgical Hemostats, Internal Tissue Sealants and Adhesion Barriers Market Analysis 2012–2016 and Forecast 2017–2025, By Application
9. Global Surgical Hemostats, Internal Tissue Sealants and Adhesion Barriers Market Analysis 2012–2016 and Forecast 2017–2025, By End User
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Rising incidence of chronic diseases, bone infection, product line extensions from manufacturers, increasing innovation, concern about patient safety among clinicians and development of new surgical hemostats, internal tissue sealants and adhesion barriers with innovative technology offering high strength capability to optimize maximum pressure coupled with minimally invasive surgeries and 3D printing technology are major factors driving growth of the global surgical hemostats, internal tissue sealants and adhesion barriers market currently. Other prominent factors driving the market growth are increasing awareness regarding new surgical adhesives and applications for blood loss management among physicians and patients, and rising incidence of hip/knee fractures, trauma/accidents, and bone injuries coupled with expanding growth in healthcare infrastructure in developing economies.
Surgical hemostats, internal tissue sealants and adhesion barriers manufacturers in the global market are focusing on introducing differential products with enhanced safety and application to increase market share. Furthermore, adoption of traditional treatment methods, product recalls and less applications offered in few tissue adhesives from the top players are expected to hamper the growth of this market. Some key companies covered in this report include Pfizer, Sanofi S.A., Cryolife, Baxter International Inc., Braun Melsungen AG, Johnson and Johnson, Cohera Medical, Inc., Tissuemed Ltd., C.R. Bard Inc., and Integra LifeSciences Corporation. These companies are primarily focusing on enhancing their market share through entering new markets and on introduction of innovative and cost-effective hip implants in order to gain higher market share and to strengthen their respective position in the global market.
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