Flowable Hemostats Market Recent Trends, In-depth Analysis, Size and Forecast to 2028

The global Flowable Hemostats Market is projected to reach US$ 1,422.78 million by 2028 from US$ 899.51 million in 2021; it is expected to grow at a CAGR of 6.9% from 2022 to 2028.

The market growth is attributed to the increasing number of injuries and surgical procedures and the rising geriatric population. However, a shortage of skilled professionals and poor reimbursement policies limit the market growth.

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

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Analysis of the Top Market Players:

1. Baxter International Inc
2. Teleflex Incorporated
3. Johnson & Johnson
4. Biom'up
5. Pfizer Inc.
6. Aegis Lifesciences
7. 3-D Matrix Medical Technology.

In this report, the market has been segmented on the basis of:

Material (Porcine Gelatin and Bovine Gelatin)
Product (Active Hemostats, Passive Hemostats, and Combination Hemostats)
Application (General Surgery, Cardiac Surgery, Vascular Surgery, Orthopedic Surgery, Neuro & Spine Surgery, and Others)
End User (Hospital & Clinics, Ambulatory Surgery Centers, and Others

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North America accounted for the largest market share in 2021, owing to various factors such as a rise in the number of surgical procedures, upgrades in the healthcare infrastructure of the region, and technological advancements. The US flowable hemostats market is anticipated to witness significant growth during the forecast period, owing to the increasing number of surgical procedures, the launch of innovative products by the market players, and the availability of advanced healthcare facilities in the country. Flowable hemostats are used extensively in surgeries on spine, abdomen, cardiovascular, and other key surgical areas with high bleeding. Market players have been focusing on establishing their presence in the country.
For instance, Medcura, Inc., a US-based company, has developed a line of advanced hemostatic and wound treatment products. The company has developed an expanding injectable hemostat-Life Foam. The product rapidly provides temporary control of bleeding from non-compressible abdominal wounds that are difficult to handle in cases such as trauma and battlefield conditions. As per data by the Centers for Disease Control and Prevention (CDC), trauma from accidents is the third leading cause of death in the US after heart disease and cancer. Almost 85% of hemorrhage-related deaths are due to non-compressible internal bleeding noticed by Life Foam. In 2018, the product received a Breakthrough Device Designation by Food and Drug Administration (FDA), which further accelerated the development and clinical application of the product, especially in the case of traumatic injuries.

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