Hemostatic Valves Market Outlook: Post Covid-19 Scenario by 2032

The global hemostatic valves market size was valued at USD 150 million in 2021 and is projected to reach around USD 250 million in 2030 exhibiting a CAGR of 6.0% in the forecasted period. The rising number of interventional procedures globally and the increasing patient pool suffering from several diseases are anticipated to drive the hemostasis valves market over the years. Likewise, increasing need for innovative hemostasis devices by hospitals & clinicians that help in better treatment and meet procedural demands are driving the hemostatic valves are projected to increase the market growth. On the other hand, fears about the risks related to hemostasis valves is one of the restraining factors limiting the growth.

As per the World Health Organization (WHO), cardiovascular diseases (CVDs) kill around 17.9 million people annually, accounting for nearly 31% of all deaths. Additionally, above 75% of CVD fatalities occur in low and middle-income nations. Moreover, the WHO evaluates that heart attacks and strokes record for 85% of all deaths. This is rising the demand for angiography and angioplasty procedures, which in turn is growing the demand for hemostasis valves. A hemostasis valve inhibits blood reflux, while an angiography catheter is introduced into a vessel.

Several countries have been rigorously faced hardest hit by the COVID-19 crisis, which has led to a decline in economic activities. However, as is the case in the UK and Germany, healthcare spending will drive demand for hemostasis valves. Despite the COVID-19 challenges, most nations have maintained a steady healthcare expenditure in 2020. For example, The UK health care spending is accounted at £177.7 billion. The robust evaluations for Europe's healthcare expenditure would offer lucrative chances for the medical device manufacturers to increase their product portfolio of hemostasis valve. The use of hemostasis valve during coronary angiography procedures is growing speedily due to the increase in the geriatric population.

Type Insights

Based on type, the market is segmented into hemostasis valve Y connector, double Y connector hemostasis valve, and one-handed hemostasis valve. The double Y connector hemostasis valve segment is expected to hold the maximum market share. The factors can be accredited to less side-effects of treatment and a high degree of accuracy.

Application Insights

On the basis of application, the market is bifurcated into angioplasty and angiography. The angiography segment is expected to hold the most substantial CAGR in the estimated period owing to the increasing number of coronary angiography procedures all over the world.

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End User Insights

On the basis of end user, the market is bifurcated into hospitals, ambulatory surgical centers, and others. Hospitals are predicted to hold the largest market share. The factors can be attributed for the rising number of patients selecting hospitals for surgical procedures and an increasing number of hospitals in developing countries.

Region Insights

North America dominates the hemostatic valves market, due to growing presence of key players, technological development and rising prevalence of blood disorder disease. Moreover, demand for hemostasis valves in the US and Canada will be directed by the growing number of interventional procedures in the nation. The U.S. regulatory experts are actively accepting several cost-containment plans to decrease their healthcare burden. A value-based healthcare system in the U.S. is likely to impact investments in the R&D programs of ground-breaking hemostasis valves. Most of the important players are launching a new product in the U.S., which will further create chances in the market. For instance, in May 2019, Merit Medical Systems Inc. launched the Push, Hold and Deliver-PhD polycarbonate hemostasis valve, which permits surgeons and healthcare professionals to use the valve with one hand through interventional procedures.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period due to the increasing prevalence of hemophilia in the region.

Key Companies Insights

To stay competitive in the total market, players are using new approaches such as new product development, mergers and acquisitions, joint ventures, and geographic expansions. Some of the key players working in the global hemostatic valves market include:

· B. Braun Melsungen

· Abbott

· Boston Scientific

· Minivalve

· Teleflex Incorporated

· GaltNeedleTech

· DeRoyal Industries Inc.

· Excel Medical Products

· Argon Medical

· Freudenberg Medical

· SCITECH

· Ambu

· CeodeuxMeditec

· Armstrong Medical

· Merit Medical

· Qosina

· Other players

Some of the Recent Developments:

· In November 2020, Freudenberg Medical completed its global headquarters in Massachusetts and opened its new medical production capacity in Beverly, Massachusetts.

· In May 2019, Argon Medical acquired Mana-Tech, Ltd. This acquisition of Mana-Tech, Ltd. is anticipated to provide the company with substantial opportunities to increase its existence in the UK, Ireland, and throughout Europe

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Segments

By Type

· Hemostasis Valve Y-Connectors

· Double Y-Connector Hemostasis Valves

· One-Handed Hemostasis Valves

· Others

By Application

· Angiography

· Angioplasty

By End-User

· Hospitals

· Ambulatory Surgical Centers

· Others

By Region
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Brazil
Middle East & Africa
Turkey
GCC Countries
Egypt
South Africa

Global Hemostatic Valves Market: Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Reasons to Purchase Hemostatic Valves Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

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