Future Outlook of the Flowable Hemostats Market: Growth, Trends, and Emerging Opportunities Explored
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How Will the Flowable Hemostats Market Grow Over the Forecast Period Based on Its Expected CAGR?
In recent years, the market size of flowable hemostats has seen a significant increase. Predicted to rise from $0.95 billion in 2024 to around $1.02 billion in 2025, it is poised to have a compound annual growth rate (CAGR) of 8.0%. Factors contributing to this growth during the historic period include the rise in elective surgeries, widespread acceptance of personalized medicine, amplified healthcare expenditure, and the development of healthcare infrastructure in developing markets.
Expectations are high for significant growth in the flowable hemostats market size in the forthcoming years. By 2029, it’s projected to reach a value of $1.37 billion, growing at a compound annual growth rate (CAGR) of 7.6%. This expected growth during the forecast period is linked to factors such as an increase in surgical procedures, higher occurrence of chronic illnesses, rising demand for less invasive surgeries, and a growing older population in need of surgical care. Emerging trends within this period include the introduction of advanced bioengineered materials, the creation of intelligent hemostatic products, robotic-aided and minimally invasive surgical methods, the application of patient-specific and personalized hemostatic solutions, and sophisticated customization of hemostats.
Which Primary Drivers Are Supporting the Continued Expansion of the Flowable Hemostats Market?
The flowable hemostats market is anticipated to expand due to an increase in the number of surgical procedures. This surge in surgical procedures can be credited to an aging population, leading to more age-related surgeries, and advancements in technology that make surgeries safer and more easily attainable. Flowable hemostats play a crucial role in surgery, aiding in stopping bleeding in hard-to-reach areas or places where conventional techniques fail to suffice. For instance, a report by the US-based non-governmental professional organization, International Society of Aesthetic Plastic Surgery (ISAPS), in June 2024, noted a 3.4% increase in the total number of surgical and non-surgical procedures in 2023, totaling 34.9 million procedures compared to the year prior. Consequently, the upward trend in surgical procedures is fueling the expansion of the flowable hemostats market.
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Who Are the Dominant Players Expanding Their Reach in the Flowable Hemostats Market?
Major companies operating in the flowable hemostats market are:
• Pfizer Inc.
• Johnson & Johnson Services Inc.
• Medtronic plc
• Medline Industries Inc.
• Stryker Corporation
What Are the Top Trends Shaping the Evolution of the Flowable Hemostats Market?
Leading firms in the flowable hemostats market are concentrating their efforts on creating technologically superior hemostatic agents, like non-swelling solutions, to align with the dynamic needs of surgical procedures. The term non-swelling solutions refer to a characteristic of a hemostatic agent which prevents fluid intake and subsequent volumetric expansion, making it suitable for operations where swelling might lead to issues. For example, Medcura Inc., headquartered in the US, which offers surgical technology solutions, was awarded breakthrough device classification by the FDA in January 2023 for their invention, LifeGel, a flowable technology ensuring control over bleeding during surgical processes where swelling may not be acceptable. The LifeGel by Medcura stands out as it is the only flowable hemostatic gel developed to specifically cater to the unique problems related to hemostatic swelling. As the absorbing agent does not dilate and is fully saturated and ready to use, it may eliminate the risks linked with swelling such as nerve injuries and paralysis. This cost-effective solution not only retains antimicrobial properties but is also relatively see-through and sticks to tissues. This contributes to being a safer and more efficient method to address bleeding during intricate surgical operations.
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Which Market Segments Are Driving Strategic Growth and Trends in the Flowable Hemostats Market?
The flowable hemostats market covered in this report is segmented –
1) By Product: Active Hemostats, Passive Hemostats, Combination Hemostats
2) By Material: Porcine Gelatin, Bovine Gelatin
3) By Application: General Surgery, Cardiac Surgery, Vascular Surgery, Neuro And Spine Surgery, Orthopedic Surgery, Other Applications
4) By End User: Hospital And Clinics, Ambulatory Surgery Centers
Subsegments:
1) By Active Hemostats: Fibrin Sealants, Thrombin-Based Hemostats, Collagen-Based Hemostats, Biodegradable Polymer Hemostats
2) By Passive Hemostats: Gauze-Based Hemostats, Sponges and Pads, Cellulose-Based Hemostats, Granule-Based Hemostats
3) By Combination Hemostats: Fibrinogen and Thrombin Combination Products, Collagen and Fibrin Combination Products, Synthetic Combination Hemostats, Bioresorbable Combination Hemostats
Which Regions Are Setting the Pace for Flowable Hemostats Market Growth?
North America was the largest region in the flowable hemostats market in 2024. The regions covered in the flowable hemostats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the Flowable Hemostats Market Defined Across Different Regions?
Flowable hemostats are gelatinous medical devices used to control bleeding during surgery, conforming to irregular wound shapes for effective application. They promote clotting by forming a physical barrier and activating the body’s coagulation cascade, making them ideal for complex or delicate surgical areas.
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