Press release
2025-2034 Hemostats Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Hemostats Market Size
What Is the Expected CAGR for the Hemostats Market Through 2025?
In recent times, there has been a substantial increase in the size of the hemostats market. It is projected to expand from $3.37 billion in 2024 to reach $3.59 billion in 2025 with a compound annual growth rate (CAGR) of 6.5%. Factors contributing to the historical growth include advancements in surgical procedures, increased elderly population, prevalence of chronic illnesses and coagulation disorders, growth in cardiovascular surgeries, and orthopedic applications.
What's the Projected Size of the Global Hemostats Market by 2029?
The market for hemostats is projected to witness substantial expansion in the upcoming years, reaching a valuation of $4.67 billion by 2029 at a CAGR of 6.8%. This projected growth in the forecast period can be tied to a range of factors including readiness for emergencies and pandemic response, the development of global healare infrastructure, increased preference for minimally invasive surgeries, broadening usage in diverse specialties, as well as an emphasis on biocompatibility. Product innovation, advancements in hemostatic technologies, and a continued focus on minimally invasive procedures represent some major trends for the forecast period.
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Top Growth Drivers in the Hemostats Industry: What's Accelerating the Market?
The hemostat market's expansion is anticipated to be driven by a rise in surgical procedures. Surgical procedures encompass every invasive method employed on an individual to explore or address a pathological condition. Hemostats play a vital role in these procedures because they mitigate blood loss during surgery. For example, in September 2023, the Lebanon-based International Society of Aesthetic Plastic Surgery reported an 11.2% aggregate upsurge in operations conducted by plastic surgeons in 2022. This included over 14.9 million surgical procedures and 18.8 million non-surgical procedures performed globally. Furthermore, both surgical and non-surgical procedures exhibited growth compared to the previous survey, increasing 16.7% and 7.2% respectively. As a result, the surge in surgical procedures is stimulating the growth of the hemostat market.
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What Trends Will Shape the Hemostats Market Through 2029 and Beyond?
A primary trend in the hemostats market is attributed to technological innovation. Leading corporations within the hemostats market are making strides forward with their latest technologies and market research. For instance, in March 2022, Baxter, a US-based healare company announced the introduction of PERCLOT Absorbable Hemostatic Powder in the U.S. market. PERCLOT is prepped and ready for use as a passive, absorbable hemostatic powder formulated for patients with an unimpaired coagulation process to control mild bleeding. The American launch of PERCLOT ensures surgeons have full access to a complete variety of active and passive hemostatic products for controlling bleeding, thus enhancing patient care.
What Are the Main 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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Which Top Companies are Driving Growth in the Hemostats Market?
Major companies operating in the hemostats market are B. Braun Melsungen AG, Baxter International Inc., Integra LifeSciences Corporation, Becton inson 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.
Which Regions Will Dominate the Hemostats Market Through 2029?
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.
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