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What is the Forecasted Expansion Rate of the Absorbable Hemostats Market Over the 2025–2034 Period?

In recent times, the market size for absorbable hemostats has experienced considerable growth. The market is slated to expand from $23.59 billion in 2024 to $25.05 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this increase during the historical period include progresses in surgical methodologies, a rising incidence of chronic ailments, a surge in the need for less invasive surgical procedures, advancements in hemostatic substances, and heightened consciousness about patient safety.

The market for absorbable hemostats is forecasted to experience substantial growth in the upcoming years, swelling to a size of $31.39 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%. This escalation during the forecast period is a result of multiple factors, including the increasing elderly populace, the greater focus on tailored medicine, heightened healthcare spending, the broadening of healthcare infrastructure, and a rise in trauma and emergencies. Key trends in the forecast period comprise of the creation of multi-purpose hemostatic products, the incorporation of intelligent technologies for instantaneous monitoring, escalating usage of bioengineered materials, a boost in partnerships and collaborations, and progress in regulatory standards.

Which Primary Drivers Are Supporting the Continued Expansion of the Absorbable Hemostats Market?

The absorbable hemostats market is projected to expand due to the rise in the number of surgical procedures being performed. Surgical procedures, which are medical operations intended to diagnose, manage, or remedy various conditions by physically adjusting organs or tissues through incisions or other methods, have seen an uptake. This increase can be attributed to a growing demand for advanced healthcare, an aging demographic, and advancements in surgical technology that allow for more intricate and less invasive surgeries. Absorbable hemostats offer a means to manage bleeding during surgical procedures and encourage the formation of clots, and they are gradually broken down by the body. This reduces the requirement for further interventions and decreases the overall risk of complications after surgery. An example of this increase can be seen in data from the British Association of Aesthetic Plastic Surgeons, a surgical organization based in the UK, which reported 31,057 cosmetic procedures in 2022 — a jump of 102% from the previous year. Consequently, the surge in surgical procedures is fueling the growth of the absorbable hemostasis market.

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Who Are the Leading Organizations Fueling the Expansion of the Absorbable Hemostats Market?

Major companies operating in the absorbable hemostats market are:

• Johnson & Johnson

• Medtronic Plc

• Becton

• Dickinson and Company

• Stryker Corporation

Which Cutting-Edge Trends Are Expected to Drive the Absorbable Hemostats Market’s Growth?

Leaders in the absorbable hemostats market, such as Baxter International Inc., are concentrating their efforts on creating innovative products like absorbable hemostatic powder, which quickly and efficiently manages bleeding during surgical procedures. Used for promoting rapid clotting at the injury site, this medical product is absorbed by the body once its job is done. A case in point, in July 2023, Baxter International Inc., a healthcare company from the US, introduced its product, PERCLOT absorbable hemostatic powder. The granules of PERCLOT have an exclusive molecular structure that swiftly absorbs water and forms a gel-like adhesive matrix. This acts as a mechanical barrier to halt bleeding by facilitating the build-up of elements such as platelets, red blood cells, and coagulation proteins like thrombin and fibrinogen. This novel development empowers medical professionals to handle a wider variety of intraoperative bleeding. This is paramount in decreasing the dependence on blood transfusions, mitigating substantial complications, and ultimately reducing the overall cost of treatment.

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What Are the Key Components of the Absorbable Hemostats Market, and How Do Its Segments Perform?

The absorbable hemostats market covered in this report is segmented –

1) By Type: Thrombin-Based Hemostats, Oxidized Regenerated Cellulose-Based Hemostats, Gelatin-Based Hemostats, Collagen-Based Hemostats, Other Types

2) By Application: Neurosurgery, Orthopedic Surgery, General Surgery, Reconstructive Surgery, Other Applications

3) By End-User: Hospitals And Clinics, Ambulatory Surgical Centers, Other End-Users

Subsegments:

1) By Thrombin-Based Hemostats: Lyophilized Thrombin Hemostats, Liquid Thrombin-Based Hemostats

2) By Oxidized Regenerated Cellulose-Based Hemostats: Pre-Packaged Oxidized Cellulose Hemostats, Customizable Oxidized Cellulose Products

3) By Gelatin-Based Hemostats: Gelatin Sponge-Based Hemostats, Gelatin Foam-Based Hemostats

4) By Collagen-Based Hemostats: Collagen-Based Pads or Sheets, Collagen-Based Sponges or Powder

5) By Other Types: Fibrin-Based Hemostats, Polymeric-Based Hemostats, Other Innovative Or Hybrid Formulations

Which Regions Are Most Influential in Expanding the Absorbable Hemostats Market?

North America was the largest region in the absorbable hemostats market in 2024. The regions covered in the absorbable hemostats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Does the Definition of the Absorbable Hemostats Market Include?

An absorbable hemostat is a medical device used to control bleeding during surgical procedures. It is designed to promote blood clotting and stabilize hemorrhaging tissues. An absorbable hemostat is made from materials that can be gradually broken down and absorbed by the body over time, eliminating the need for surgical removal.

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