Press release
Hemostats Market Size, Outlook, Overview 2024-2033
Hemostats Market
The hemostats market size is expected to see strong growth in the next few years. It will grow to $4.77 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to emergency preparedness and pandemic response, global healthcare infrastructure development, growing demand for minimally invasive surgeries, expanding applications in various specialties, focus on biocompatibility. Major trends in the forecast period include product innovations, advancements in hemostatic technologies, focus on minimally invasive surgeries.
Market Overview -
Hemostat refers to a surgical tool used in many surgical procedures that helps to treat or compress bleeding vessels while doing surgeries. It also helps to hold the deeper regions of the wound that can be visualized by using this equipment.
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Surgical Precision Spurs Surge Hemostat Market Surges Amidst Rising Surgical Procedures
An increase in surgical procedures is expected to propel the growth of the hemostat market going forward. Surgical procedures refer to all forms of invasive treatments that are used on a person to investigate or treat a pathological condition. Hemostats are essential for surgical procedures as they are used to prevent blood loss while performing surgery. For instance, according to the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS) report in February 2022, 1.4 million surgical and non-surgical procedures have been done in 2021, on an average of 600 more procedures had increased when compared with 2020. Therefore, an increase in surgical procedures is driving the growth of the hemostat market.
Competitive Landscape -
Major companies operating in the hemostats market report are C. R. Bard Inc., B. Braun Melsungen AG, Baxter International Inc., Integra LifeSciences Corporation, Marine Polymer Technologies Inc., Pfizer Inc., Becton Dickinson and Company, Teleflex Incorporated, Medtronic plc, Hemostasis LLC, Stryker Corporation, Advanced Medical Solutions Group plc, Samyang Holdings Corporation, Gelita Medical GmbH, Dilon Technologies Inc., Mallinckrodt plc, CryoLife Inc., CuraMedical B.V., Meril Life Sciences Pvt. Ltd., Beijing Datsing Bio-Tech Co. Ltd., Zhonghui Shengxi (Beijing) Medical Technology Co. Ltd., Curasan AG, Biotemed Inc., Biom'up SA, Shandong Foryou Medical Devices Co. Ltd., Z-Medica LLC, Anika Therapeutics Inc., Metalcraft Solutions Inc., MC Squared Medical Inc., The Ohio Broach & Machine Co., Unity Tool Inc.
Technological Advancements Propel Hemostats Market
Technological advancement is a key trend in the hemostats market. Major companies in the hemostats market are advancing in their new technologies and research and developments in the hemostats market. For instance, in March 202, Baxter, a US based healthcare company, the launch of PERCLOT Absorbable Hemostatic Powder in the U.S. PERCLOT is a passive, absorbable hemostatic powder that is ready to use and designed for patients with intact coagulation to address mild bleeding. The launch of PERCLOT in the U.S. allows to provide surgeons with a full range of active and passive hemostatic products for bleeding control, helping to optimize care for their patients.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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