What's driving the Hemostatic Wound Dressing Market trends?Major Players Are CryoLife, BD, Medical Devices Business Services, Inc., Pfizer Inc., Medtronic, Axio Biosolutions Pvt Ltd

Global hemostatic wound dressing market is set to witness a substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Technological advancement in healthcare industry and increasing product approvals are the factor for the growth of this market.

The hemostatic wound dressing market analysis report endows with wide-ranging statistical analysis of the market's continuous developments, capacity, production, production value, cost/profit, supply/demand and import/export. This market report presents market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios. According to this hemostatic wound dressing report, new highs will be made in the hemostatic wound dressing market in 2020-2026. This report examines the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position and comparative pricing between major players.


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Few of the major competitors currently working in the hemostatic wound dressing market are

Baxter,

Stryker,

CryoLife, BD,

Medical Devices Business Services, Inc.,

Pfizer Inc.,

Medtronic,

Axio Biosolutions Pvt Ltd,

Aesculap, Inc.,

chitotech,

ARGON MEDICAL,

Tricol Biomedical,

Integra LifeSciences Corporation,

Key Developments in the Market:

In February 2018, Axio announced that they have received US FDA clearance for their hemostatic dressing - Axiostat. This specially designed for comfort and faster healing to the patients suffering from chronic wound, such as diabetic foot ulcers, skin abrasions, and others. This new solution has the ability to stop bleeding in just two to three minutes after its application
In May 2014, Z Medica announced they are going to acquire Novacol a Class III resorbable hemostatic product from TAUREON. The main aim of the acquisition is to expand the product reach in the different country and strengthen their position. This will also help the company to enhance their portfolio and provide more effective and safe products to the healthcare industry

Market Drivers

Rising aging population will drive the market growth
Increasing adoption of hemostatic agents will also accelerate the growth of this market
Growing surgical procedures will also enhance the market growth
Increasing R&D activities initiated by government will also drive the growth of this market

Market Restraints

Using hemostatic wound dressing can cause heat inflammation, redness, and irritation on skin; this factor can restrain the market growth
Rising usage of surgical staples will restrict the growth of this market

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Segmentation: Global Hemostatic Wound Dressing Market

By Type

Thrombin based Hemostats
Gelatin Hemostats
Combination Hemostats
Collagen based Hemostats
Oxidized Regenerated Cellulose Hemostats

By Application

Trauma
Cardiovascular Surgery
General Surgery
Plastic Surgery

By End-User

Hospitals
Ambulatory Surgical Centers
Tactical Combat Casualty Care Centers

By Geography

North America
Europe
Asia-Pacific
South America
Middle East and Africa

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