Press release
Hemostats Market Growth: Unveiling Statistics, Key Drivers, and Trends Forecast for 2024-2029
Hemostats Market Growth
What Is The Projected Market Size Of The Global Hemostats Market And Its Growth Rate?
The hemostats market has shown a resilient growth trajectory in recent years with pivotal attributions to surgical advancements, rising geriatric population, and expansion in cardiovascular and orthopedic applications.
• Market Size 2024: $3.37 billion
• Market Size 2025: $3.59 billion (CAGR: 6.5%)
The surge in market growth during this period can also be ascribed to the chronic diseases and coagulation disorders.
Looking ahead, the hemostats market is poised to experience robust growth in the forthcoming years, propelled by emergency preparedness and pandemic response measures, healthcare infrastructure development worldwide, and a mounting demand for minimally invasive surgeries.
• Projected Market Size 2029: $4.67 billion (CAGR: 6.8%)
Key trends shaping this growth include advancements in hemostatic technologies and a strong focus on product innovations.
What Is Driving The Growth In The Hemostats Market?
The propelling force behind the hemostats market growth is the increase in surgical procedures worldwide. Surgical procedures, including invasive treatments for pathological conditions, have witnessed a dramatic rise. Hemostats have become indispensable tools in surgeries, given their critical role in preventing blood loss. As per the International Society of Aesthetic Plastic Surgery, there was a significant 11.2% increase in procedures performed by plastic surgeons in 2022 globally, echoing an upward trend from the last survey. This rising trend in surgical procedures is fueling the growth of the hemostat market.
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Who Are the Key Players Driving Hemostats Market Growth?
The key players propelling the growth of the hemostats market include:
• B. Braun Melsungen AG
• Baxter International Inc.
• Integra LifeSciences Corporation
• Becton Dickinson and Company
• Teleflex Incorporated
• Medtronic PLC
• Hemostasis LLC
• Stryker Corporation
• Advanced Medical Solutions Group PLC
• Samyang Holdings Corporation
• Gelita Medical GmbH
• CryoLife Inc.
• CuraMedical B.V.
• Meril Life Sciences Pvt. Ltd.
• Beijing Datsing Bio-Tech Co. Ltd.
• Zhonghui Shengxi (Beijing) Medical Technology Co. Ltd.
• Biotemed Inc.
• Biom'up SA
• Shandong Foryou Medical Devices Co. Ltd.
• Z-Medica LLC
• Anika Therapeutics Inc.
• Metalcraft Solutions Inc.
What Are The Key Trends In The Hemostats Market?
The Hemostats market is moving towards innovative advancements. Key trends include:
• Product innovations
• Advancements in hemostatic technologies
• Focus on minimally invasive surgeries
What Are The Segments Of The Global Hemostats Market?
The Hemostats market segments include:
1) By Type: Thrombin-Based Hemostats, Oxidized Regenerated Cellulose-Based Hemostats, Combination Hemostats, Gelatin-Based Hemostats, Collagen-Based Hemostats.
2) By Product: Active Hemostats, Passive Hemostats, Combination Hemostats, Other Products.
3) By Formulation: Matrix And Gel Hemostats, Sheet And Pad Hemostats, Sponge Hemostats, Powder Hemostats.
4) By Application: Orthopedic Surgery, General Surgery, Neurological Surgery, Cardiovascular Surgery, Reconstructive Surgery, Gynecological Surgery, Other Applications.
Which Region Leads The Hemostats Market?
North America led the pack in the hemostats market in 2024. However, Asia-Pacific is expected to outpace other regions in terms of growth rate during the forecast period. The report covers key regional markets including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Hemostats Market Global Market Report?
- Market Size Analysis: Analyze the Hemostats Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hemostats Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hemostats Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hemostats Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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