Absorbable Hemostats Market Report, Size, Share, Growth, Trends, Industry Analysis, Forecast to 2033

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The new report published by The Business Research Company, titled Absorbable Hemostats Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the absorbable hemostats market size has grown strongly in recent years. It will grow from $22.30 billion in 2023 to $23.59 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The absorbable hemostats market size is expected to see strong growth in the next few years. It will grow to $29.68 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.

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What Is Driving The Growth Of The Global Absorbable Hemostats Market?

Rising Surgical Procedures Fuel Growth In Absorbable Hemostats Market
The increasing number of surgical procedures is expected to drive the growth of the absorbable hemostats market going forward. Surgical procedures are medical operations performed to treat, diagnose, or manage conditions by physically altering tissues or organs through incisions or other techniques. The increase in surgical procedures is due to increasing demand for advanced medical treatments, an aging population, and advancements in surgical technology that enable more complex and minimally invasive operations. Absorbable hemostats are used for surgical procedures to control bleeding and promote clot formation while being gradually absorbed by the body, reducing the need for additional interventions and minimizing postoperative complications. For instance, in March 2023, according to the British Association of Aesthetic Plastic Surgeons, a UK-based surgical organization, there were 31,057 cosmetic procedures in 2022, marking a 102% increase from the previous year. Therefore, the increasing number of surgical procedures is driving the growth of the absorbable hemostasis market.

What Is The Key Trend In The Global Absorbable Hemostats Market?

Technological Advancements In Absorbable Hemostats
Major companies in the absorbable hemostats market are focused on developing advanced products, such as absorbable hemostatic powder, to provide rapid and effective bleeding control during surgery. The absorbable hemostatic powder is a medical product used to control bleeding by promoting rapid clot formation at the site of injury, and the body naturally absorbs it after fulfilling its function. For instance, in July 2023, Baxter International Inc., a US-based healthcare company, launched PERCLOT absorbable hemostatic powder. PERCLOT granules possess a unique molecular structure that rapidly absorbs water, forming a gelled adhesive matrix that creates a mechanical barrier to stop bleeding by promoting the accumulation of platelets, red blood cells, and coagulation proteins like thrombin and fibrinogen. This feature enhances clinicians' ability to manage a broader range of intraoperative bleeding, which is crucial in reducing the need for blood transfusions, minimizing major complications, and ultimately lowering the overall cost of care.

How Is The Global Absorbable Hemostats Market Segmented?
The absorbable hemostats market covered in this report is segmented -

1) By Type: Thrombin-Based Hemostats, Oxidized Regenerated Cellulose-Based Hemostats, Gelatin-Based Hemostats, Collagen-Based Hemostats, Other Types
2) By Application: Neurosurgery, Orthopedic Surgery, General Surgery, Reconstructive Surgery, Other Applications
3) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Other End-Users

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How Is The Competitive Landscape Of The Global Absorbable Hemostats Market?
Major companies operating in the absorbable hemostats market are Johnson & Johnson, Medtronic Plc, Becton, Dickinson and Company, Stryker Corporation, Baxter International Inc., CSL Behring, B. Braun Melsungen AG, Teleflex Incorporated, Samyang Holdings Corporation, Integra LifeSciences, Acelity, Meril Life Sciences Pvt. Ltd., Gelita AG, CryoLife Inc., Anika Therapeutics Inc., Z-Medica LLC, Cohera Medical Inc., Marine Polymer Technologies Inc., Curasan AG, Hemostasis LLC, Arch Therapeutics Inc., Cura Medical, Ferrosan Medical Devices A/S, FzioMed Inc., Guizhou Jin Jiu Biotech Co. Ltd.

Contents Of The Global Absorbable Hemostats Market
1. Executive Summary
2. Absorbable Hemostats Market Report Structure
3. Absorbable Hemostats Market Trends And Strategies
4. Absorbable Hemostats Market - Macro Economic Scenario
5. Absorbable Hemostats Market Size And Growth
…..
27. Absorbable Hemostats Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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