Flowable Hemostats Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theFlowable Hemostats Market?
The flowable hemostats market is set to experience growth propelled by the rising number of surgical procedures. This surge in surgical procedures stems from an increasingly aging population, necessitating age-related surgeries, and advancements in technology that render surgeries safer and more accessible. Flowable hemostats play a crucial role in surgical procedures, aiding in bleeding control in hard-to-reach areas or where conventional methods may fail. For instance, according to a June 2024 report by the International Society of Aesthetic Plastic Surgery (ISAPS), a non-governmental professional organization based in the US, there was a 3.4% increase in the number of surgical and non-surgical procedures in 2023, reaching a total of 34.9 million, a rise from the previous year’s figures. Consequently, this upward trend of surgical procedures is fueling the expansion of the flowable hemostats market.
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#What Are the Key Projections for the CAGR of the Flowable Hemostats Market From 2025 to 2034?
The market size for flowable hemostats has seen a robust growth in the past few years. The market will rise from $0.95 billion in 2024 to $1.02 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.0%. Factors driving this historical growth include the rise in elective surgeries, the growing acceptance of personalized medicine, increased spending in healthcare, and the development of healthcare infrastructure in burgeoning markets.
In the coming years, the market size of flowable hemostats is anticipated to experience robust growth, with forecasts suggesting a value of $1.37 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%. The expansion during this forecast period can be attributed to several factors such as the rise in surgical procedures, increasing chronic disease prevalence, the growing preference for minimally invasive surgeries, and an enlarging elderly population needing surgical care. Key trends to watch within this forecast period encompass the incorporation of sophisticated bioengineered materials, the creation of intelligent hemostatic products, the use of robotic-assisted and minimally invasive surgical methods, the application of patient-specific and personalized hemostatic solutions, and advanced customization of hemostats.
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What Are the Current Market Growth and Trends in theFlowable Hemostats Market That Industry Players Should Watch?
Key players in the flowable hemostats sector are zeroing in on creating more sophisticated hemostatic substances, like no-swell technology, to meet the changing requirements of surgical interventions. No-swell technology is an aspect of a hemostatic agent that prevents fluid absorption and enlargement, making it advantageous in surgeries where swelling might lead to problems. For instance, Medcura Inc., an American surgical technology firm, was awarded the breakthrough device designation by the Food and Drug Administration (FDA) in January 2023 for its LifeGel flowable technology. This technology helps manage bleeding during surgeries where swelling is undesirable. The only flowable hemostatic gel of its kind, Medcura’s LifeGel, is engineered to conquer the specific challenges presented by hemostatic swelling. As it is fully hydrated and ready-to-use, this absorbable substance avoids swelling, potentially reducing the risks linked with it, such as nerve damage and paralysis. Economical and retaining antimicrobial properties, this relatively transparent gel, also sticks to tissues, offering a safer, more effective method for handling bleeding during intricate surgical operations.
What Are the Major Market Players Making an Impact on theFlowable Hemostats Market Growth?
Major companies operating in the flowable hemostats market are Pfizer Inc., Johnson & Johnson Services Inc., Medtronic plc, Medline Industries Inc., Stryker Corporation, Baxter International Inc., B Braun Melsungen AG, Becton Dickinson and Company, Cook Medical Inc., Teleflex Incorporated, Mallinckrodt Pharmaceuticals, Integra LifeSciences Holdings Corporation, Gelita Medical GmbH, Ferrosan Medical Devices A/S, Marine Polymer Technologies Inc, Axio Biosolutions Private Limited, Hemostasis LLC, Aegis Lifesciences Private Limited, Medcura Health Inc, Arch Therapeutics Inc., Starch Medical Inc.
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How Are the Key Segments of the Flowable Hemostats Market Driving Opportunities and Innovations?
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
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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theFlowable Hemostats Market?# Market Expansion?
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.
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