Press release
Global Hemostasis Valve Market is expected to grow at a CAGR of 6.30% during the forecast period from 2019-2025
Global Hemostasis Valve Market 2019, Global Hemostasis Valve Market Growth, Global Hemostasis Valve Market Trends and Analysis,
Global Hemostasis Valve Market byType (Hemostasis Valve Y Connector, Double Y Connector Hemostasis Valve, One Handed), Application, End User, and Region" and Global Forecast 2018-2025.
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Key players operating in the market areAbbott, Boston Scientific, Teleflex Incorporated, Merit Medical Systems, B. Braun Melsungen AG, Deroyal Industries, Inc., Terumo, Freudenberg Medical, Argon Medical, Scitech, St. Jude Medical, Armstrong Medical, CeodeuxMeditec, Qosina, Minivalve, Excel Medical Products, Ambuand others.Key players active in the market are involved in collaborative agreements and expansion to bolster the growth of the market. For instance, in 2017, Abbott acquired St. Jude Medical. The integration of St. Jude Medical strengthenedAbbott's medical device leadership worldwide. In aril 2018, B. Braun Medical Industries opened five new enhanced production plants in Penang. These facilities have latest production technologies to manufacture medical devices for infusion therapy and surgical instruments for the treatment of patients in Malaysia and worldwide. In addition,in December 2018, Freudenberg Medical has expended its medical manufacturing facility in Beverly.
Type segment includes hemostasis valve Y-connectors, double Y-connector hemostasis valves, one-handed hemostasis valves, and other hemostasis valves. The double Y-connector hemostasis valvessegment is dominating the market andwas valued around USD 69.68 million in 2017. High degree of precision and reduced side-effects of treatment are driving the growth of the segment.Application segment is divided into angiography and angioplasty. Angiography segment is dominating and held the largest market share in 2017. Increasing number of coronary angiography procedures are driving the demand of hemostatis valves. End user segment is classified into hospitals and ambulatory centers. The hospitalssegment is dominating and is expected to grow with the highest CAGR in the forecast period. Rising healthcare infrastructure in emerging economies and increasing number of hospitals to cater to the demand of growing surgeries are positively impacting the growth of the segment.
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Increasing demand for minimally invasive therapies for angiographicprocedures and improved healthcare infrastructure in developing countriesare positively impacting the market. In addition, increasing investments by major players strengthening the market.High cost of the treatment and lack of skilled professionals may restrict thegrowth of the market. However, rising elderly population and increasing prevalence of cardiovascular diseases are further driving the market.
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