Global Hemostats Market is expected to reach US$ XX Bn by 2026 at a CAGR of 6.5% during the forecast period.
The hemostat is also known as hemostat clamp or arterial forceps. It is a surgical tool that is used during minimally invasive surgical procedures in order to control blood loss or halt bleeding during surgery. It is essentially used in the early phases of surgery for an initial incision that closes blood vessels until ligation.
Hemostats market is segmented by product, application, formulation, and region. Among products, thrombin-based hemostats segment market accounted for the XX% share in 2018 due to its high adoption of innovative products and advanced technology.
Chronic conditions and aging population leading to increase in the number of surgical procedures, technological advancements, the increasing number of minimally invasive surgeries, and improving healthcare spending would drive the market growth rate of hemostats. In addition, it has lucrative growth opportunities due to unmet medical needs and emerging healthcare market conditions. However, a reluctance of surgeons towards new products and weak reimbursement may hamper the market growth.
Based on applications, orthopedic surgery and neurological surgery segment are expected to be some of the major and fastest growing segments in the forecast period due to rising adoption of minimally invasive surgeries and rise in regulated clinical procedures of old people.
Among regions, the North America is expected to grow at the XX% CAGR during the forecast period due to a large number of surgeries performed in the region as well as the development of technologically advanced products for achieving blood control during trauma-related procedures. The Asia Pacific is expected to grow at the XX% CAGR during the forecast period due to an increasing number of surgeries, technological advancements, chronic condition, and improvement in healthcare access.
The production players focus on mergers and collaborations, strategic partnerships, as well as innovative technological product launches to expand their business product portfolio as main strategies.
In the Hemostats market, Baxter International, Inc. (US), holds the leadership position due to advancing surgical innovation, production capacity expansion, brand portfolio expansion, mergers, collaborations, and acquisitions. In 2018, the company has adopted new product launches, product enhancements, and geographic expansion as its crucial business plans to certify its dominance in this market.
The objective of the report is to present comprehensive analysis of Hemostats market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Hemostats market dynamics, structure by analyzing the market segments, and project the Hemostats market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Hemostats market make the report investor’s guide.
The Scope of Hemostats Market Report
Hemostats Market, by Product:
• Thrombin-based hemostats
• Oxidized regenerated cellulose based hemostats
• Combination hemostats
• Gelatin-based hemostatsCollagen-based hemostats
Hemostats Market, by Application:
• Orthopedic surgery
• General surgery
• Neurological surgery
• Cardiovascular surgery
• Reconstructive surgery
• Gynecological surgery
• Other surgeries
Hemostats Market, by Formulation:
• Matrix & gel hemostats
• Sheet & pad hemostats
• Sponge hemostats
• Powder hemostats
Hemostats Market, by Region:
• North America
• Latin America
Key Players operated in Hemostats Market:
• CR Bard, Inc.
• Ethicon, Inc.
• Braun Melsungen AG
• Baxter International, Inc.
• Integra LifeSciences
• Marine Polymer Technologies, Inc.
• Pfizer, Inc.
• Z-Medica LLC
• Gelita Medical GmbH
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