Global Absorbable Hemostats Market Set For 7.87% Growth, Reaching $4.59 Billion By 2028

The absorbable hemostats report describes and explains the absorbable hemostats market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global absorbable hemostats market reached a value of nearly $3.14 billion in 2024, having grown at a compound annual growth rate (CAGR) of 5.90% since 2019. The market is expected to grow from $3.14 billion in 2024 to $4.59 billion in 2029 at a rate of 7.87%. The market is then expected to grow at a CAGR of 7.91% from 2029 and reach $6.71 billion in 2034.

What strategies are key players adopting in the absorbable hemostats market?
The key players in the market are adopting extensive strategies in the absorbable hemostats market such as:
Strengthen business expertise through new product launches
Enhance portfolio with continuous product developments
Focus on innovation to meet market demands
Leverage new launches to boost competitive advantage
Improve offerings by expanding product range

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To take advantage of opportunities, the business research company suggests that absorbable hemostats companies enhance offerings:
Plant-based cellulose matrix for absorbable hemostats
Investment in hemostatic product development
Biocompatible polymer tech for minimally invasive procedures
Absorbable hemostatic powders for surgical efficiency
Advanced Sealing Patch for bleeding control

What Is Absorbable Hemostats: Market Overview?
Absorbable hemostats are medical devices designed to control bleeding during surgical procedures by promoting rapid coagulation at the site of injury or incision. These hemostats are bioabsorbable, meaning they are broken down and absorbed by the body over time, eliminating the need for removal after surgery.
Absorbable hemostats are available in different formulations and presentations, including powders, sheets, sponges and pads, tailored to specific surgical needs. They are often used alongside complementary products such as sutures, electrocautery devices and topical adhesives to ensure comprehensive surgical site management. Substitutes for absorbable hemostats include non-absorbable hemostats, fibrin sealants and traditional manual methods like direct pressure or cauterization. ,

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Who Are The Major Companies Operating In The Global Absorbable Hemostats Market?
The top ten competitors in the market made up 21.53% of the total market in 2023. Johnson & Johnson was the largest competitor with a 6.93% share of the market, followed by:
Baxter International Inc.
Becton, Dickinson and Company (C. R. Bard, Inc.)
Gelita AG
Samyang Holdings Corporation
Integra LifeSciences
B. Braun SE
Artivion Inc. (CryoLife Inc.)
Pfizer Inc.
Stryker Corporation.

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