The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s hemostats market report forecasts the hemostats market size to grow to $4.19 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Hemostats Market Report 2023 – https://www.thebusinessresearchcompany.com/report/hemostats-global-market-report

Hemostats Market Size Forecast
The global hemostats market is expected to grow from $2.91 billion in 2022 to $3.19 billion in 2023 at a compound annual growth rate (CAGR) of 9.43%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hemostats market size is expected to reach $4.19 billion in 2027 at a CAGR of 7.07%.

North America held the largest hemostats market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Hemostats Market Driver ­– Increase In Surgical Procedures
For instance, according to the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS) report in February 2022, 1.4 million surgical and non-surgical procedures have been done in 2021, on an average of 600 more procedures had increased when compared with 2020. Therefore, an increase in surgical procedures is driving the growth of the hemostat market.

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Key Hemostats Market Trend – Technological Advancement
Major companies in the hemostats market are advancing in their new technologies and research and developments in the hemostats market. For instance, in March 2020, Ethicon, a US-based provider of surgical sutures and wound closure devices, introduced a surgical powder absorbable hemostat, a powdered adjunctive hemostat that is built on proven SURGICEL absorbable hemostat technology. This helps to improve the effectiveness of disruptive bleeding control for surgeons. It is made to manage persistent, widespread oozing and quickly halt bleeding and is suitable for use in a variety of surgeries, including several gynecologic, oncologic, cardiovascular, and general procedures, since it can be applied readily across vast surfaces.

Hemostats Market Segment
1) By Type: Thrombin-Based Hemostats, Oxidized Regenerated Cellulose-Based Hemostats, Combination Hemostats, Gelatin-Based Hemostats, Collagen-Based Hemostats
2) By Product: Active Hemostats, Passive Hemostats, Combination Hemostats, Other Products
3) By Formulation: Matrix And Gel Hemostats, Sheet And Pad Hemostats, Sponge Hemostats, Powder Hemostats
4) By Application: Orthopedic Surgery, General Surgery, Neurological Surgery, Cardiovascular Surgery, Reconstructive Surgery, Gynecological Surgery, Other Applications

Hemostats Market Major Players and Strategies
Major players in the hemostats market are CR Bard Inc., B. Braun Melsungen AG, Baxter International Inc., Integra LifeSciences, Marine Polymer Technologies Inc., Teleflex, Ethicon Inc., Pfizer Inc., Z-Medica LLC, Gelita Medical GmbH, Stryker Corporation, Integra Lifesciences Corporation, Johnson & Johnson, Becton, Dickinson and Company, and Advanced Medical Solutions Group plc.

In December 2020, Teleflex Incorporation, a US-based medical devices company, acquired Z-Medica LLC for $500 million. This acquisition aimed to help Teleflex to reach a revenue growth profile and to adjust earnings per share. Z-Medica LLC is a US-based manufacturer of medical devices, including hemostats.

The Hemostats Global Market Report 2023 covers regional data on hemostats market size, hemostats market trends and drivers, opportunities, strategies, and hemostats market competitor analysis. The countries covered in the hemostats market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Hemostat refers to a surgical tool used in many surgical procedures that helps to treat or compress bleeding vessels while doing surgeries. It also helps to hold the deeper regions of the wound that can be visualized by using this equipment.

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