Global Hemostats Market To Rear Excessive Growth During 2017- 2024


Posted August 31, 2018 by Rubin_McCarter

Global Hemostats Market is expected to reach USD 4.5 billion by 2024 from USD 2.7 billion in 2017, at a CAGR of 6.6% in the forecast period 2017 to 2024.

 
Global Hemostats Market is expected to reach USD 4.5 billion by 2024 from USD 2.7 billion in 2017, at a CAGR of 6.6% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2017 and the forecast period is 2017 to 2024.
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Drivers:
Some of the major factors driving the hemostats market are increasing number of minimally invasive surgeries, chronic conditions and aging population leading to increase in number of surgical procedures, expansion in healthcare infrastructure and expenditure, and technological advancements.
These factors increase the demand for hemostats such as thrombin based hemostats, combination agents, oxidized regenerated cellulose based hemostats, gelatin based hemostats and collagen based hemostats.

TECHNOLOGICAL ADVANCEMENTS
The key players are investing in development of safe and efficacious agents to meet surgical demand as more minimally invasive and technically challenging operations are being undertaken by surgeons.
Advances in hemostatic agents and techniques are manufactured which addresses the unique bleeding challenges encountered in vascular surgery patients.

Segmentation:
By Type (Thrombin Based, Combination, Oxidized Regenerated Cellulose Based, Gelatin Based, Collagen Based Hemostat),
By Application (Wound Closure, Surgery),
By Distribution Channel (Direct Tenders, Retail),
By End-User (Hospitals, Clinics, Ambulatory Centers, Community Healthcare, Others),
By Geography (North America, Europe, Asia-Pacific, South America, Middle East Africa)

INCREASING NUMBER OF MINIMALLY INVASIVE SURGERIES
An increasing trend of minimally invasive surgeries is witnessed due various advantages compared to open surgeries such as less post-operative pain, reduced trauma to the skin and muscles, and quick recovery.
The surgical toolbox is expanding, and newer products are being developed to improve results of the surgeries.
Less invasive procedures result in shorter recovery times, faster discharges, reduced scarring, pain and the need for pain medications.

Major Players:
Some of the major players operating in this market are
Pfizer,
C.R. Bard,
Baxter,
Vascular Solutions, Inc.,
B.Braun Melsungen,
3-D Matrix, Ltd.,
Resorba Medical GmbH (an Advanced Medical Solutions Group plc Company),
Anika Therapeutics, Inc.,
Arch Therapeutics Inc.,
Biom’Up SAS,
CryoLife, Inc.,
Gamma Therapeutics, Inc.,
Hemostasis,
LLC,
MedTrade Products Limited,
Integra LifeSciences Corporation,
Medline Industries, Inc.,
HEMOTEC MEDICAL GMBH,
Stryker,
CSL Behring,
Mallinckrodt and
Equimedical,
B.V. among other companies.

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Last Updated August 31, 2018