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Evicel Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Evicel
What Is the Projected Growth of the Evicel Market?
Over recent years, the Evicel market has experienced a significant growth of XX (HCAGR). The market is expected to surge from $XX million in 2024 to $XX million in 2025, escalating at a compound annual growth rate (CAGR) of XX%. Factors contributing to such growth during the historic period include an increase in surgical procedures, a surge in the prevalence of chronic illnesses, an escalated demand for efficient hemostatic agents, expansion of healthcare infrastructure, growing demand for minimally invasive surgery, an increase in cases of chronic conditions that necessitate surgery, and enhanced healthcare investment.
The market size for evicel is projected to achieve an immense growth in the coming few years, hitting a value of $XX million by 2029, with a compound annual growth rate (CAGR) of XX%. Factors contributing to this upward trend during the forecast period include a rising demand for less intrusive surgical operations, an increase in chronic diseases that necessitate intricate surgeries, the expansion of healthcare facilities in emerging markets, a move towards quicker recovery periods post-surgery, an increased awareness surrounding hemostatic products, and the incorporation of surgical sealants into a wider set of medical fields. Noteworthy trends in this forecast timeline include the evolution of next-gen fibrin sealants, the implementation of technologically advanced delivery systems, progress in fast-track regulatory approvals for product accessibility, usage of biomimetic and bio-origin materials, creativity in fibrin sealant combinations, and harmonization with automated surgical frameworks.
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What Are the Different Evicel Market Segments?
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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What Are the Primary Drivers Shaping the Evicel Market?
The increase in bleeding disorders is anticipated to stimulate the expansion of the evicel market. Medical conditions where the blood doesn't clot properly, resulting in extreme or prolonged bleeding following an injury or surgery, are known as bleeding disorders. These conditions may be caused by a variety of factors, including a rise in genetic diseases like hemophilia, lifestyle-related factors such as poor diet and obesity, and an increasing incidence of chronic diseases like liver disorders that impact the body's clotting ability. Evicel is used to manage blood disorders by acting as a fibrin sealant, aiding hemostasis during surgical procedures. It's especially useful in managing bleeding in individuals with coagulation issues, such as those with hemophilia or other clotting deficiencies. For example, data from the Australia-based Perth Blood Institute in September 2022 showed that reported Hemophilia A cases increased from 185,318 to 208,957 between 2021 and 2022, and Hemophilia B cases increased from 37,998 to 43,203. This corresponds to growth rates of 12.8% and 13.7%, respectively. Consequently, the escalating prevalence of bleeding disorders is expected to fuel the evicel market's growth.
Which Companies Are Leading in the Evicel Market?
Major companies operating in the evicel market include Johnson & Johnson (Omrix Biopharmaceuticals Ltd)
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Evicel Market?
2. What is the CAGR expected in the Evicel Market?
3. What Are the Key Innovations Transforming the Evicel Industry?
4. Which Region Is Leading the Evicel Market?
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