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Flowable Hemostats Market Reach A Industry Valuation of USD 1731.7 Million in 2031 | Baxter International Inc., Teleflex Incorporated

05-16-2023 04:18 AM CET | Health & Medicine

Press release from: Global Insight Services

Flowable Hemostats Market

Flowable Hemostats Market

The global flowable hemostats market was valued at USD 900 million in 2021 and it is anticipated to grow further till USD 1731.7 million in 2031 at a CAGR of 6.8% during the forecast period.

Flowable hemostats have flowable consistency and contain a porcine or bovine gelatin matrix. It may add topical thrombin. Flowable hemostats are helpful when an application is needed on a surface that is difficult to reach or in a wet field. The product can be used for all surgical procedures, except ophthalmic.

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Market Trends and Drivers

The management of prehospital haemorrhage is in high demand for hemostatic drugs. As a result, the market for flowable hemostats has the biggest income from applications related to general surgery. Due to its safety and efficacy profiles, this has increased the need for thrombin-gelatin hemostatic matrix in devices. For instance, FLOSEAL Hemostatic Matrix from Baxter International, a top producer of products for the treatment of life-threatening illnesses, is gaining popularity because it outperforms materials made of microporous polysaccharide powder.

Major Players in the Global Flowable Hemostats Market

The report analyses the various key players such as Baxter International Inc., Teleflex Incorporated, Ethicon (Johnson & Johnson), Biom'up, Pfizer Inc., 3D Matrix Medical Technology, and Aegis Lifesciences among others.

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COVID-19 Impact

In these trying times of the coronavirus (COVID-19) pandemic, healthcare companies in the flowable hemostats market are increasing the provision of life-sustaining medications and medical devices like flowable hemostats. To help satisfy the rising demand for their products, they are increasing the number of jobs available to people. Since COVID-19 is challenging communities and healthcare systems all over the world, expanding product supply chains is one of the main emphasis focuses for businesses in the flowable hemostats market. By making hemostats and other medical devices accessible around-the-clock, manufacturers are maximising their production efforts.

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Global Flowable Hemostats Market Segmentation

By Material

Porcine Gelatin
Bovine Gelatin

By Application

General Surgery
Cardiac Surgery
Vascular Surgery
Neuro & Spine Surgery
Orthopedic Surgery
Others

By End User

Hospitals
Clinics
Ambulatory Surgery Centers

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10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

New Report Published by Global Insight Services: https://www.globalinsightservices.com/reports/hydrogen-projects-database/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

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