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How has the evithrom market grown over the years?

Recently, the evithrom market has shown significant growth, registered at XX (HCAGR). The market is projected to expand from $XX million in 2024 to $XX million in 2025, indicating a compound annual growth rate (CAGR) of XX%. This considerable growth during the historic period can be linked to several factors. These include the emergence of minimally invasive surgical methods, the increasing demand for natural or bio-based surgical sealants, efforts to reduce postoperative complications, and the widespread acceptance of fibrin sealants.

What Is the forecasted market size and growth rate for the evithrom market?

In the coming years, the evithrom market is forecasted to experience an XX (FCAGR) increase, reaching a value of $XX million by 2029 with a CAGR of XX%. The expansion expected during this period is linked to a rise in surgical procedures, the escalating need for advanced wound care and surgical solutions, an increase in spinal and sports-related injuries, and a growing number of chronic disease cases. Additionally, the predicted shift for this period includes technological progress in fibrin sealants, the implementation of minimally invasive technology in hemostasis and tissue sealing agents, advancements in medical technology, and strategic alliances among biotech companies.

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What are the major factors driving growth in the evithrom market?

The evithrom market is forecasted to grow due to an increase in the number of surgical procedures. These procedures refer to medical interventions that involve changing or handling tissues and organs internally. The rise in surgical procedures is chiefly due to advancements in medical technology that make surgeries safer and more effective, as well as the growing prevalence of chronic diseases, which necessitate more surgical interventions. Evithrom is used to manage bleeding during surgeries by facilitating clot formation and enhancing hemostasis, particularly in high-risk surgeries such as cardiovascular or orthopedic procedures. For example, in June 2024, the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based non-profit organization, reported that liposuction was the most performed surgical procedure in 2023 with over 2.2 million procedures, while face and head procedures saw a remarkable growth of 19.6% to more than 6.5 million. Hence, the increasing surgical procedure numbers are fuelling the growth of the evithrom market.

What key areas define the segmentation of the global evithrom Market?

The evithrom market covered in this report is segmented –

1) By Indication: Surgical Hemostasis, Trauma Care

2) By Formulation: Bovine Thrombin, Human Thrombin, Recombinant Thrombin

3) By Distribution Channel: Hospitals, Clinics and Diagnostic Centers, Online Pharmacies

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What are the top market players propelling the growth of the evithrom industry?

Major companies operating in the evithrom market include Johnson & Johnson Inc.

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What regions are dominating the evithrom market growth?

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

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