United States Hemostats and Tissue Sealants Market Projected to Reach USD 3,429.7 Million by 2030, Driven by Increasing Cardiovascular Surgeries

Infinium Global Research has added a new report on United States Hemostats and Tissue Sealants Market. The report covers the analysis of regional markets of United States. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The United States hemostats and tissue sealants market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in United States market. The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, technological factors, key trends, and future prospects. The United States hemostats and tissue sealants market is undergoing a remarkable transformation, with a projected value set to soar to USD 3,429.7 million by 2030, exhibiting a robust Compound Annual Growth Rate (CAGR) of 8.21% over the forecast period.

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Cardiovascular Disease Epidemic: A Driving Force

Cardiovascular diseases, encompassing coronary heart disease (CHD), stroke, heart failure, and related conditions, are a significant health concern in the United States. According to a report from the New York State Department of Health in 2022, an astonishing 697,000 people lose their lives to heart disease in the country each year. This translates to one in every five deaths being attributed to heart-related ailments.

CHD, the most common form of heart disease, alone claims approximately 382,820 lives annually. Moreover, over 805,000 Americans suffer heart attacks each year, with the prevalence of cardiovascular diseases fueling an increasing number of surgical interventions. For instance, the Lifespan Health System reports around 500,000 open-heart surgeries annually, often for complex procedures like coronary artery bypass.

General Surgeries on the Rise

The United States also witnesses a substantial volume of general surgeries, such as appendectomies, gallbladder removals, and hysterectomies. Hemostats and tissue sealants play a crucial role in promoting wound healing and reducing the risk of complications in these surgeries. In fact, these surgical sealants are increasingly employed to prevent air and liquid leakages in procedures like hernia repairs and bowel surgeries.

Moreover, the country's thriving plastic surgery industry, which recorded nearly USD 16.7 billion in spending on cosmetic procedures in 2020, further contributes to the expansion of the hemostats and tissue sealants market. Procedures like breast augmentation, a popular choice, involve the use of these medical advancements.

Challenges and Solutions

Despite the substantial growth prospects, the use of hemostats and tissue sealants can present challenges, including the risk of adverse reactions like foreign body responses, inflammation, and infections. This necessitates the careful selection and application of these medical solutions to ensure optimal outcomes in wound healing. Allergic reactions and potential hindrances to the body's natural defense mechanisms are also factors that need to be considered in their application.

Innovation and Expansion: The Way Forward

The growth of the hemostats and tissue sealants market in the United States is further fueled by continuous investments in product development. Companies are constantly advancing their offerings to provide high-performance and effective solutions. For example, Medcura, Inc. and ASO, LLC introduced Rapid-Seal®, an antibacterial hemostatic gel designed to enhance wound treatment and prevent infections.

Additionally, Baxter International Inc. expanded its portfolio through the acquisition of assets related to the PerClot Polysaccharide Hemostatic System, demonstrating the growing trend of mergers and acquisitions in the industry.

The United States hemostats and tissue sealants market is poised for substantial growth, driven by the increasing prevalence of cardiovascular diseases, a surge in general surgeries, and ongoing advancements in medical technologies. With a focus on innovation and expansion, the market is well-positioned for a promising future.

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Table of Contents

Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for the United States Hemostats and Tissue Sealants Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in the United States Hemostats and Tissue Sealants Market

Chapter 4. United States Hemostats and Tissue Sealants Market by Product

4.1. Hemostats

4.2. Tissue Sealants and Adhesives

4.3. Fibrin Sealants

Chapter 5. United States Hemostats and Tissue Sealants Market by End User

5.1 Hospitals and Clinics

5.2 Specialty clinics

5.3 Others

Chapter 6. Company Profiles

6.1 Johnson & Johnson (Ethicon)

6.1.1 Overview

6.1.2 Company Snapshot

6.1.3 Product Portfolio

6.2 CryoLife, Inc.

6.2.1 Overview

6.2.2 Company Snapshot

6.2.3 Product Portfolio

6.3 Becton, Dickinson and Company

6.3.1 Overview

6.3.2 Company Snapshot

6.3.3 Product Portfolio

6.3.4 Recent Developments

6.4 Baxter International Inc.

6.4.1 Overview

6.4.2 Company Snapshot

6.4.3 Product Portfolio

6.5 Hemostasis, LLC.

6.5.1 Overview

6.5.2 Company Snapshot

6.5.3 Product Portfolio

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of United States Hemostats and Tissue Sealants.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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