Major Driver in Evicel Industry: Impact Of Rising Bleeding Disorders On The Growth Of The Market

What Is the Expected Size and Growth Rate of the Evicel Market?
In recent times, the Evicel market size has experienced an $XX. Projected to expand from a worth of $XX million in 2024 to a valuation of $XX million in 2025, the market is set to grow at a compound annual growth rate (CAGR) of $XX%. The escalation during the historic period stems from a multitude of factors such as an increase in the numbers of surgical procedures, prevalence of persistent illnesses, demand for potent hemostatic agents, growth of healthcare infrastructure, growing preference for minimally invasive surgeries, prevalence of long-term conditions that necessitate surgery, and upscale in healthcare investment.

In the coming years, the Evicel market size is anticipated to experience an $XX. By 2029, its growth is predicted to reach $XX million, boasting a compound annual growth rate (CAGR) of $XX%. This expected growth during the forecast period can be associated with factors such as the increasing need for minimally invasive surgeries, the growing occurrence of chronic diseases that necessitate complex surgeries, advancements in healthcare infrastructure in developing markets, the rising trend towards quicker recovery times post-surgery, the expanding awareness about hemostatic products, and broader incorporation of surgical sealants across various medical specialties. The forecast period is likely to witness key trends such as the development of new generation fibrin sealants, integration of evolved delivery systems, improvements in regulatory approvals for prompt product availability, utilization of biomimetic and bio-based materials, creativity in fibrin sealant formulations, and incorporation with automated surgical systems.

What Factors Are Fueling Growth in the Evicel Market?
An increase in the occurrence of bleeding disorders is forecasted to fuel the expansion of the evicel market. Medical conditions, where the blood cannot efficiently clot, resulting in excess or prolonged bleeding post injury or operation, are termed as bleeding disorders. The escalation in these disorders can be linked to an array of factors such as genetic conditions like hemophilia, lifestyle factors like poor diet and obesity, along with the escalating prevalence of chronic conditions like liver disorders, that impair the body's clotting mechanism. Evicel is employed in blood ailments as a fibrin sealant to boost hemostasis during surgical processes. It is particularly useful in managing bleeding in patients grappling with coagulation issues, including hemophilia or other clotting deficiencies. For instance, according to the Perth Blood Institute, situated in Australia, from 2021 to 2022, recorded Hemophilia A cases surged from 185,318 to 208,957, while Hemophilia B instances increased from 37,998 to 43,203, signifying growth rates of 12.8% and 13.7% respectively. Consequently, the increase in the occurrence of bleeding disorders is anticipated to drive the evicel market's growth.

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Which Leading Companies Are Shaping the Growth of the Evicel Market?
Major companies operating in the evicel market include Johnson & Johnson (Omrix Biopharmaceuticals Ltd)

What Are the Key Segments of the Evicel Market?
The evicel market covered in this report is segmented -

1) By Type of Surgery: Orthopedic Surgeries, Cardiac Surgeries, General Surgeries, Liver Surgeries, Gynecological Surgeries
2) By Distribution Channel: Hospital Pharmacies, Surgical Supply Distributors, Outpatient Surgery Centers
3) By End-User: Hospitals, Specialty Clinics, Other End-Users

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Which Region Dominates the Evicel Market?
North America was the largest region in the evicel market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the evicel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Is Covered In The Evicel Global Market Report?

- Market Size Analysis: Analyze the evicel Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the evicel market for effective categorization.
- Key Player Focus: 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 evicel market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the evicel market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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