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What Growth Opportunities are Expected to Drive the Evicel Market’s CAGR Through 2034?

In the past few years, the Evicel market has experienced a growth rate of XX (CAGR). From $XX million in 2024, it is projected to accelerate to $XX million in 2025, indicating a compound annual growth rate (CAGR) of XX%. Factors contributing to this historic growth include the increase in surgical procedures, a surge in chronic diseases prevalence, a rising demand for efficient hemostatic agents, growth in the healthcare infrastructure, heightened demand for minimally invasive surgical procedures, an increase in chronic conditions necessitating surgery, and amplified healthcare investments.

Anticipated future trends suggest that the Evicel market size is set for a XX% increase in the coming years, reaching an impressive $XX million figure by 2029. This projected advancement could be due to an uptick in demand for less invasive surgical approaches, a higher incidence of chronic illnesses needing intricate surgery, the expanding healthcare systems in developing economies, a growing inclination towards quicker recuperative periods after surgery, increased knowledge of hemostatic products, and the inclusion of surgical adhesives in more varied medical fields. The forecast period also sees a shift towards the emergence of next-gen fibrin sealants, adoption of sophisticated delivery systems, quicker regulatory approvals for product access, the use of bio-based and biomimetic materials, breakthroughs in fibrin sealant concoctions and their consolidation with automated surgical platforms.

Which Macro and Microeconomic Factors Are Accelerating the Growth of the Evicel Market?

The escalating instances of bleeding disorders anticipates to accelerate the expansion of the evicel market. Bleeding disorders, medical conditions where blood fails to clot efficiently resulting in profuse or extended bleeding post injury or surgery, are growing. This upsurge can be credited to several aspects like growing genetic conditions e.g. hemophilia, lifestyle factors such as unhealthy diet and obesity, and a rise in chronic illnesses e.g. liver disorders, which interfere with the body’s clotting ability. Evicel, a fibrin sealant, is employed in blood disorders to stimulate hemostasis during surgical procedures. It is particularly potent in managing bleeding in patients encountering coagulation challenges, including those with hemophilia or other clotting insufficiencies. For example, in September 2022, as per the Perth Blood Institute, an Australian non-profit organization, there was an increase in the reported Hemophilia A cases from 185,318 to 208,957, and Hemophilia B cases from 37,998 to 43,203 between 2021 and 2022, indicating growth rates of 12.8% and 13.7%, respectively. Consequently, the surging instances of bleeding disorders is set to steer the growth of the evicel market.

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What Are the Leading Industry Players Dominating the Evicel Market?

Major companies operating in the evicel market include Johnson & Johnson (Omrix Biopharmaceuticals Ltd)

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What Are the Strategic Segments Comprising the Evicel Market and Their Growth Contributions?

The evicel market covered in this report is segmented –

1) By Type of Surgery: Orthopedic Surgeries, Cardiac Surgeries, General Surgeries, Liver Surgeries, Gynecological Surgeries

2) By Distribution Channel: Hospital Pharmacies, Surgical Supply Distributors, Outpatient Surgery Centers

3) By End-User: Hospitals, Specialty Clinics, Other End-Users

Which Regions Are Significant to the Growth of the Evicel Market?

North America was the largest region in the evicel market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the evicel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

How Can We Define the Evicel Market and Its Key Components?

Evicel is a surgical fibrin sealant made from human fibrinogen and thrombin, used to stop bleeding and promote healing by forming a clot during operations. It is widely utilized in surgeries requiring precise bleeding control, such as cardiovascular, liver, and orthopedic operations. Its compatibility with the body reduces the likelihood of adverse reactions, ensuring safety for patients.

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