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What key factors are powering the surge in the hemostats market right now?

In the past few years, the size of the hemostats market has been experiencing significant growth. The projection shows an increase from $3.37 billion in 2024 to $3.59 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. Factors that contributed to this growth during the historical period includes advancements in surgery, an increase in the elderly population, prevalence of chronic illnesses and clotting issues, an augmentation in cardiovascular procedures, as well as orthopedic uses.

How fast Is the hemostats market expected to grow, and what’s its future value?

The size of the hemostats market is forecasted to experience significant expansion in the upcoming years, escalating to $4.67 billion in 2029 with a compound annual growth rate (CAGR) of 6.8%. The expected growth during the prediction period can be credited to numerous factors such as the response to pandemics and the readiness for emergencies, the ongoing development of the global healthcare infrastructure, increasing demand for minimally invasive procedures, and broader applications across various specialties with emphasis on biocompatibility. Key trends expected during this period encompass innovation in products, technological advancement in hemostatic procedures, along with concentration on minimally invasive surgeries.

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What are the leading drivers of growth in the hemostats market?

The escalation in surgical procedures is projected to catalyze the advancement of the hemostat market. Surgical procedures encompass all invasive treatments employed to examine or rectify a pathological condition. Hemostats, crucial for these surgical procedures, inhibit blood loss during surgeries. For example, in September 2023, the International Society of Aesthetic Plastic Surgery, a professional organization for board-certified plastic surgeons in Lebanon, reported an overall surge of 11.2% in procedures executed by plastic surgeons in 2022. The report indicated over 14.9 million surgical and 18.8 million non-surgical procedures conducted globally. Furthermore, both surgical and non-surgical procedures demonstrated growth since the last survey with a rise of 16.7% and 7.2%, respectively. Consequently, the hemostat market’s expansion is being fueled by the upsurge in surgical procedures.

What are the key segments defining the hemostats market?

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

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Who are the key players steering the development of the hemostats market?

Major companies operating in the hemostats market are B. Braun Melsungen AG, Baxter International Inc., Integra LifeSciences Corporation, Becton Dickinson and Company, Teleflex Incorporated, Medtronic PLC, Hemostasis LLC, Stryker Corporation, Advanced Medical Solutions Group PLC, Samyang Holdings Corporation, Gelita Medical GmbH, CryoLife Inc., CuraMedical B.V., Meril Life Sciences Pvt. Ltd., Beijing Datsing Bio-Tech Co. Ltd., Zhonghui Shengxi (Beijing) Medical Technology Co. Ltd., Biotemed Inc., Biom’up SA, Shandong Foryou Medical Devices Co. Ltd., Z-Medica LLC, Anika Therapeutics Inc., Metalcraft Solutions Inc.

What emerging trends are influencing the growth of the hemostats market?

One prominent trend in the hemostats market is technological innovation. Prominent players in the hemostats market are pushing boundaries with new technologies, pouring resources into research and development. For example, in March 2022, Baxter, a US-based healthcare company, announced the introduction of PERCLOT Absorbable Hemostatic Powder in the U.S. PERCLOT is a ready-to-use, absorbable hemostatic powder formulated for patients exhibiting intact coagulation to manage minor bleeding. The U.S. launch of PERCLOT now equips surgeons with a wide array of active and passive items to control bleeding, thus enhancing patient care.

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Which regions are most influential in expanding the hemostats market?

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.

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