External Hemostatic Device Market Share Driven by Surgical Volume Growth and Emergency Care Advancements | Valuates Reports

External Hemostatic Device Market Size
The global market for External Hemostatic Device was valued at US$ 236 million in the year 2024 and is projected to reach a revised size of US$ 401 million by 2031, growing at a CAGR of 8.0% during the forecast period.

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The External Hemostatic Device Market is experiencing steady market growth driven by rising surgical procedures, increasing trauma cases, and growing emphasis on rapid bleeding control in clinical settings. External hemostatic devices play a critical role in preventing excessive blood loss during surgeries and emergency interventions, improving patient safety and treatment outcomes. Expanding healthcare infrastructure, advancements in surgical techniques, and the growing adoption of minimally invasive procedures are positively influencing market size. Key market trends include ergonomic instrument design, improved material durability, and enhanced precision in bleeding control technologies, all supporting long-term market growth and a favorable market forecast.

By type, Hemostatic Forceps hold the largest market share due to their widespread use in surgical procedures across hospitals and specialty clinics. These instruments are fundamental in both general and specialized surgeries, contributing significantly to overall market size. The Tourniquet segment is witnessing notable market growth, particularly in emergency medicine, trauma care, and outpatient procedures where rapid hemorrhage control is essential. Other external hemostatic devices also support diversified applications, reinforcing evolving market trends and steady expansion of the market size.

In terms of application, Hospitals account for the largest market share, supported by high surgical volumes and advanced operating facilities. Clinics and Medical Centers are also demonstrating consistent market growth as outpatient procedures and ambulatory care services expand. The Others segment, including specialized care units and emergency response environments, further contributes to overall market size by driving demand for portable and reliable hemostatic solutions. This diversified application base continues to sustain strong market growth across healthcare systems.

Leading companies shaping the competitive landscape include Medline Industries, B. Braun, CareFusion, Teleflex, Hu-Friedy, Scanlan International, Shanghai Medical Instruments, and Xinhua Surgical. These companies maintain strong market share through high-quality stainless steel instruments, precision manufacturing capabilities, and broad distribution networks. Continuous innovation in instrument ergonomics and sterilization compatibility strengthens competitive positioning and drives sustained market growth.

Regionally, North America holds a significant market share due to advanced healthcare infrastructure, high surgical procedure rates, and strong adoption of modern surgical instruments. Europe demonstrates stable market growth supported by established hospital networks and regulatory emphasis on patient safety. Asia-Pacific is emerging as a region of accelerating market size, driven by expanding healthcare access, growing surgical capacity, and rising medical investments. Southeast Asia and Latin America are gradually contributing to market growth as healthcare modernization initiatives progress. The market forecast remains positive as increasing procedural demand, technological improvements in surgical instruments, and expanding global healthcare services continue to shape future market trends and reinforce sustained market growth in the External Hemostatic Device Market.

Segment by Type

• Hemostatic Forceps
• Tourniquet
• Others

Segment by Application

• Hospital
• Clinic
• Medical Center
• Others

By Company

Medline, B. Braun, CareFusion, Asa Dental, Sklar, Scanlan International, Shanghai Medical Instruments, Lawton, Hu-Friedy, Xinhua Surgical, Towne Brothers, Teleflex Medical, Delacroix Chevalier, YDM, M A Corporation, MedGyn Products, Inami, Ted Pella, Medicon eG, J & J Instruments, American Diagnostic

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