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The Hemostats Market grew from USD 3.23 billion in 2023 to USD 3.42 billion in 2024. It is expected to continue growing at a CAGR of 5.65%, reaching USD 4.75 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
These devices play an important role in managing blood loss and facilitate proper tissue healing while reducing the risk of complications. Hemostats have applications in numerous surgical specialties, including cardiovascular surgery, general surgery, orthopedic surgery, neurosurgery, gynecologic surgery, and dental surgery. The growing occurrence of chronic diseases among an aging population drives the demand for surgeries that necessitate effective blood loss management solutions, consequently expanding the utilization of diverse hemostatic agents. Additionally, increasing inclination toward minimally invasive procedures with rising investments by government bodies and healthcare organizations to improve surgical infrastructure is raising the usage of hemostats. High R&D costs associated with developing breakthrough products and a high risk of contamination with hemostats hamper market growth. The increasing development of biologically compatible hemostats by market vendors that minimize adverse effects while providing effective bleeding control is expected to create opportunities for market growth.
Regional Insights
The growing number of surgical procedures with the rising availability of advanced healthcare facilities, especially across the U.S., Canada, and Brazil, are expanding the growth of the hemostats market in the Americas. According to the American Society of Plastic Surgeons, in 2022, a total of 1,017,003 reconstructive surgeries were performed, necessitating the use of hemostats. The emerging trend of medical tourism across Canada, Dubai, Singapore, Japan, and the UK is expanding the number of minimally invasive surgical procedures, thereby creating a platform for the hemostats market. According to the Medical Tourism Index survey (MTA), Canada is one of the preferred destinations, attracting around 14 million Americans from other nations. Ongoing advancements in healthcare infrastructure and technologies across European countries, with constant support from regulatory bodies such as the European Medicines Agency (EMA) on expanding the manufacturing of medical devices and healthcare infrastructure, are bolstering the European market. The Middle East & Africa region presents promising growth opportunities due to increasing healthcare expenditure and government initiatives towards modernizing healthcare infrastructure. Countries, including Saudi Arabia, the United Arab Emirates, and South Africa, are witnessing a surge in the need for effective hemostatic solutions with the rising number of surgical interventions. Moreover, increased government funding to expand the manufacturing of medical devices domestically across India, Australia, China, and Japan and increased awareness associated with minimally invasive surgeries are expected to bolster market growth in Asia-Pacific.Market Insights
Market Dynamics
- The market dynamics represent an ever-changing landscape of the Hemostats Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
Market Drivers
- Prevalence of chronic disorders with increasing need for surgical interventions
- Growing inclination toward minimally invasive surgeries
Market Restraints
- Rising incidences of product recalls
Market Opportunities
- Rise of biopolymer-based disposable hemostats
- Integration of nanotechnology to create more efficient and targeted hemostats
Market Challenges
- Risk of infection and cross contamination associated with the use of hemostats tools and reagents
Market Segmentation Analysis
- Type: Expanding the use of combination hemostats owing to their enhanced effectiveness in minimizing bleeding
- Formulation: Growing potential of powder hemostats for controlling and preventing bleeding during surgical intervention
- Application: Significant role of hemostats in cardiovascular surgeries to prevent blood loss and ensure successful outcomes
Industry Insights
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Hemostats Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Hemostats Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Recent Developments
Teleflex Receives FDA Clearance for Expanded Indication for QuikClot Control+ Hemostatic Device Usage in Cardiac Surgical Procedures
Teleflex Incorporated received clearance from the U.S. Food and Drug Administration (FDA) for the QuikClot Control+ Hemostatic Device. This device is now approved for use in cardiac surgical procedures to address mild and moderate bleeding, as well as bone surface bleeding after a sternotomy.Baxter Launches PERCLOT Absorbable Hemostatic Powder
Baxter International Inc. introduced PERCLOT Absorbable Hemostatic Powder in the U.S., a passive hemostatic powder designed for patients with intact coagulation. PERCLOT's granules effectively absorb water, forming a gelled adhesive matrix that acts as a mechanical barrier against further bleeding. This process promotes the accumulation of platelets, red blood cells, and coagulation proteins, aiding in the hemostatic process.Artivion Gains FDA Approval for PerClot, Starts Transfer to Baxter
Artivion, Inc. has received FDA premarket application approval for its absorbable hemostatic system, PerClot. In July 2021, Baxter acquired full ownership of PerClot through a sale agreement. The FDA approval of PerClot, Artivion represents a significant step ahead in optimizing patient care by addressing intraoperative bleeding.Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Hemostats Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.Key Company Profiles
The report delves into recent significant developments in the Hemostats Market, highlighting leading vendors and their innovative profiles. These include A.R. Medicom, Inc., ACTEON Group, Advamedica Inc., Advanced Medical Solutions Group PLC, Advin Health Care, Aegis Lifesciences Private Limited, Argon Medical Devices, B. Braun SE, Baxter International Inc., Becton, Dickinson and Company, Betatech Medical, Convatec Group PLC, Cook Group Incorporated, Cortis Medtech Pvt Ltd, Cotran Corporation, Dolphin Sutures by Futura Surgicare Pvt. Ltd., Dynarex Corporation, Gelita AG, Hangzhou Singclean Medical Products Co.,Ltd., Healthium Medtech Ltd, Hemostasis, LLC, Integra LifeSciences Holdings Corporation, Johnson & Johnson Services, Inc., Medcura, Inc., Medline Industries, LP, Medprin Biotech GmbH, Medtronic PLC, Meril Life Sciences Pvt. Ltd., Olympus Corporation, Pfizer Inc., Rousselot BV by Darling Ingredients International Holding B.V., Royal DSM, Shilpa Medicare Limited, Stapleline Medizintechnik GmbH, Stryker Corporation, SYMATESE, Teleflex Incorporated, Terumo Corporation, Zhejiang Perfectseal New Material Technology Co., Ltd., and Zimmer Biomet Holdings, Inc..Market Segmentation & Coverage
This research report categorizes the Hemostats Market to forecast the revenues and analyze trends in each of the following sub-markets:Type
- Collagen-Based Hemostats
- Combination Hemostats
- Gelatin-Based Hemostats
- Oxidized Regenerated Cellulose-Based Hemostats
- Thrombin-Based Hemostats
Formulation
- Matrix & Gel Hemostats
- Powder Hemostats
- Sheet & Pad Hemostats
- Sponge Hemostats
Application
- Cardiovascular Surgery
- General Surgery
- Gynecological Surgery
- Neurological Surgery
- Orthopedic Surgery
- Reconstructive Surgery
Region
Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
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- Purchase of this report includes 1 year online access with quarterly updates
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Hemostats Market, by Type
7. Hemostats Market, by Formulation
8. Hemostats Market, by Application
9. Americas Hemostats Market
10. Asia-Pacific Hemostats Market
11. Europe, Middle East & Africa Hemostats Market
12. Competitive Landscape
13. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- A.R. Medicom, Inc.
- ACTEON Group
- Advamedica Inc.
- Advanced Medical Solutions Group PLC
- Advin Health Care
- Aegis Lifesciences Private Limited
- Argon Medical Devices
- B. Braun SE
- Baxter International Inc.
- Becton, Dickinson and Company
- Betatech Medical
- Convatec Group PLC
- Cook Group Incorporated
- Cortis Medtech Pvt Ltd
- Cotran Corporation
- Dolphin Sutures by Futura Surgicare Pvt. Ltd.
- Dynarex Corporation
- Gelita AG
- Hangzhou Singclean Medical Products Co.,Ltd.
- Healthium Medtech Ltd
- Hemostasis, LLC
- Integra LifeSciences Holdings Corporation
- Johnson & Johnson Services, Inc.
- Medcura, Inc.
- Medline Industries, LP
- Medprin Biotech GmbH
- Medtronic PLC
- Meril Life Sciences Pvt. Ltd.
- Olympus Corporation
- Pfizer Inc.
- Rousselot BV by Darling Ingredients International Holding B.V.
- Royal DSM
- Shilpa Medicare Limited
- Stapleline Medizintechnik GmbH
- Stryker Corporation
- SYMATESE
- Teleflex Incorporated
- Terumo Corporation
- Zhejiang Perfectseal New Material Technology Co., Ltd.
- Zimmer Biomet Holdings, Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 182 |
Published | June 2024 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 3.42 Billion |
Forecasted Market Value ( USD | $ 4.75 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |