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What is the Growth Potential of the Hemostats Market, and How Will It Perform by 2034?

In recent times, the hemostats market has seen considerable growth. The market size is predicted to increase from $3.37 billion in 2024 to $3.59 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. This growth during the historical period can be credited to developments in surgery, an escalating elderly population, the prevalence of chronic diseases and coagulation disorders, expansion in cardiovascular surgery, and use in orthopedic applications.

The market size for hemostats is predicted to witness substantial growth in the ensuing years, reaching $4.67 billion by 2029 with a 6.8% compound annual growth rate (CAGR). The anticipated growth in the forecast period could be credited to the readiness for emergencies and responses to global pandemics, developments in worldwide healthcare infrastructure, increased requirement for minimally invasive surgical procedures, broader applications across diverse specialties, and an emphasis on biocompatibility. Prominent trends projected for the forecast period encompass product innovation, advancement in hemostatic technologies, and continued concentration on minimally invasive surgeries.

How Are the key drivers expanding the growth of the hemostats Market?

The anticipated rise in surgical practices is predicted to drive the development of the hemostat market. Surgical practices encompass all kinds of invasive interventions employed to diagnose or handle pathological conditions. Hemostats, crucial for these surgical practices, aid in averting blood loss during operations. For instance, the International Society of Aesthetic Plastic Surgery, a Lebanon-based institution for board-certified plastic surgeons, in September 2023, reported a 11.2% total surge in procedures undertaken by plastic surgeons in 2022, totaling more than 14.9 million surgical and 18.8 million non-surgical procedures worldwide. Furthermore, both surgical and non-surgical procedures have seen upward trends as per the latest survey, with increases of 16.7% and 7.2% respectively. Thus, the rise in surgical practices is steering the expansion of the hemostat market.

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Who Are the Major Companies Shaping the Competitive Landscape of the Hemostats Market?

Major companies operating in the hemostats market are:

• B. Braun Melsungen AG_x000D_

• Baxter International Inc._x000D_

• Integra LifeSciences Corporation_x000D_

• Becton Dickinson and Company_x000D_

• Teleflex Incorporated_x000D_

What Are the Key Emerging Trends in the Hemostats Market for the Next Decade?

In the hemostats market, a noteworthy trend is the advancement in technology. Major firms associated with the hemostats market are making significant progress in newly developed technologies and their research and development aspects. For instance, Baxter, a healthcare company based in the US, launched PERCLOT Absorbable Hemostatic Powder in the U.S in March 2022. PERCLOT is a passive, absorbable hemostatic powder which is ready to use, devised for patients with whole coagulation tackling minor bleeding. With the U.S. launch of PERCLOT, surgeons now have a full suite of both passive and active hemostatic products for controlling bleeding, thus improving patient’s care.

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What Are the Major Segments of the Hemostats Market and Their Role in Driving Growth?

The hemostats market covered in this report is segmented –

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

Subsegments:

1) By Thrombin-Based Hemostats: Topical Thrombin, Lyophilized Thrombin

2) By Oxidized Regenerated Cellulose-Based Hemostats: Pads, Granules

3) By Combination Hemostats: Thrombin And Gelatin Combinations, Thrombin And Collagen Combinations

4) By Gelatin-Based Hemostats: Gelfoam, Gelatin Sponge

5) By Collagen-Based Hemostats: Collagen Sheets, Collagen Powder

Which Regions Are Making a Mark in the Hemostats Market Growth?

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

What Key Parameters Define the Hemostats Market’s Scope?

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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