The Global Hemostasis Products Industry is on the brink of significant expansion, with a projected valuation of US$1.58 billion in 2023 set to soar past US$2.65 billion by 2033. This impressive growth trajectory is forecasted to unfold at a steady Compound Annual Growth Rate (CAGR) of 5.3% throughout the forecast period.
The surge in demand for hemostasis products is fueled by high-level technological advancements, robust economies, and an increasing population grappling with a variety of blood disorders. Major surgical procedures, including those related to cardiovascular disease, stroke, cancer, and injuries, contribute significantly to the demand for hemostasis products, as any surgical intervention carries the risk of severe complications and uncontrollable bleeding.
One of the driving factors behind this growth is the burgeoning medical tourism sector, coupled with substantial investments by governments worldwide in the healthcare sector. These factors present lucrative opportunities for market expansion, particularly as countries strive to enhance their healthcare infrastructure.
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The topical hemostasis product segment is likely to offer remunerative opportunities for the Global Hemostasis Products Industry. Several emerging economies are making significant developments in their technological sector, thereby, providing lucrative opportunities to players in the market.
Global Hemostasis Products Industry Key Takeaways:
- The Global Hemostasis Products Industry is estimated at USD 1,501 Million in 2021
- By product, the topical hemostat segment accounts for a market share of 68.5% in 2021
- By application, the myocardial infarction segment accounts for the highest market share of 19.5% during the forecasting period.
- Market in the U.S to procure a market share of 29.5% during the assessment period.
“The increasing number of trauma and surgical cases, technological advancements in the fields of hemostasis products, and an increase in the prevalence of blood disorders are expected to fuel the demand for Global Hemostasis Products Industry over the forecast period” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
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Competitive Landscape
- Medtronic
- Johnson & Johnson
- Baxter International
- Pfizer Inc.
- Becton Dickinson and Company (BD)
- B. Braun Melsungen AG
- Tricol Biomedical
- Hemostasis LL
- Teleflex Incorporated
- CuraMedical BV
Recent updates from the industry are:
- In July 2021- Baxter International Inc announced its Baxter Healthcare Corporation subsidiary has completed the acquisition of certain assets related to PerClotPolysaccharide Hemostatic System from CryoLife, Inc. The transaction reinforces Baxter’s strategy of acquiring products and technologies that both complement and augment the company’s leading portfolio across the hospital, including in the operating room. PerClot has a global commercial presence with sales in more than 35 countries worldwide.
- Hemostasis is committed to producing high quality medical devices that are safe and effective for their intended use. Hemostasis introduced. BoneSeal bone hemostat is a new generation, absorbable solution providing immediate and long-term hemostasis without immediately dissolving. BoneSeal hemostat works quickly and delivers better results for you and your patients.
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Key Segments Covered in the Hemostasis Products Industry Analysis
Global Hemostasis Products Industry by Product:
- Topical Hemostasis Products
- Gelatin
- Polysaccharides
- Oxidized Regenerated Cellulose
- Collagen
- Infusible Hemostasis Products
- Platelet Concentrate from Donor Blood
- Fresh Frozen Plasma (FFP)
- Factor VIII
- Prothrombin
- Advanced Hemostasis Products
- Flowable
- Thrombin
- Synthetic Sealants
- Fibrin
Global Hemostasis Products Industry by Application:
- Hemostasis Products for Trauma
- Hemostasis Products for Surgery
- Hemostasis Products for Hemophilia
- Hemostasis Products for Myocardial Infarction
- Hemostasis Products for Others
Global Hemostasis Products Industry by End Use:
- Hemostasis Products in Hospitals
- Hemostasis Products in Ambulatory Surgical Centers
- Hemostasis Products in Others
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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