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Surgical Precision Spurs Surge Hemostat Market Surges Amidst Rising Surgical Procedures: A Significant Driver Propelling The Hemostats Market In 2025
Hemostats
What Is the Hemostats Market Size and Projected Growth Rate?
The market for hemostats has seen robust expansion in the past few years. There will be a surge from $3.37 billion in 2024 to $3.59 billion in 2025, representing a compound annual growth rate (CAGR) of 6.5%. This steady climb in the historic period is a result of advancements in surgery, an increasing elderly population, the prevalence of chronic illnesses and coagulation disorders, as well as the intensification of cardiovascular surgeries and orthopedic applications.
In the coming years, a robust growth is anticipated for the hemostats market. It is projected to elevate to a staggering $4.67 billion by 2029, with a compound annual growth rate (CAGR) of 6.8%. The surge for this forecast period is due to factors such as preparedness for emergencies and pandemics, worldwide enhancement of healthcare infrastructure, an increased demand for less invasive surgeries, broadening applications in diverse specialties, and emphasis on biocompatibility. The forecast period will also see significant trends like product innovations, progress in hemostatic technologies, and a heightened focus on minimally invasive surgeries.
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What Are the Major Segments in the Hemostats Market?
The hemostats market covered in this report is segmented -
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
Subsegments:
1) By Thrombin-Based Hemostats: Topical Thrombin, Lyophilized Thrombin
2) By Oxidized Regenerated Cellulose-Based Hemostats: Pads, Granules
3) By Combination Hemostats: Thrombin And Gelatin Combinations, Thrombin And Collagen Combinations
4) By Gelatin-Based Hemostats: Gelfoam, Gelatin Sponge
5) By Collagen-Based Hemostats: Collagen Sheets, Collagen Powder
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What Are The Driving Hemostats Market Evolution?
The hemostat market is anticipated to see substantial growth, driven by the increasing prevalence of surgical procedures. Surgical procedures encompass all invasive treatments leveraged to diagnose or treat various pathological conditions, with hemostats playing a critical role in preventing blood loss during these procedures. As an illustration, in September 2023, data from the International Society of Aesthetic Plastic Surgery, headquartered in Lebanon, revealed an overall rise of 11.2% in operations conducted by plastic surgeons in 2022. This resulted in over 14.9 million surgical and 18.8 million non-surgical procedures conducted globally. Moreover, there were marked increases in both surgical and non-surgical procedures compared to the previous survey, with increases of 16.7% and 7.2%, respectively. Thus, the surge in surgical procedures is a key driver propelling the growth trajectory of the hemostat market.
Which Firms Dominate The Hemostats Market Segments?
Major companies operating in the hemostats market are 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 Trends Are Expected to Dominate the Hemostats Market in the Next 5 Years?
In the hemostats market, technological innovation is a prominent trend. Numerous companies are improving their existing technologies and making strides in research and development. For example, in March 2022, Baxter, an American healthcare firm, introduced PERCLOT Absorbable Hemostatic Powder in the U.S. PERCLOT is a user-ready, absorbable hemostatic powder that works optimally for patients possessing intact coagulation to manage minor bleeding. The debut of PERCLOT in the U.S. equips surgeons with an extensive variety of active and passive hemostatic products, promoting efficient bleeding control and improved patient care.
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Which Is The Largest Region In The Hemostats Market?
North America was the largest region in the hemostats market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hemostats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hemostats Market?
2. What is the CAGR expected in the Hemostats Market?
3. What Are the Key Innovations Transforming the Hemostats Industry?
4. Which Region Is Leading the Hemostats Market?
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