Global Hemostats Market
Medical Equipment

Comprehensive Analysis On Size, Share, And Drivers Of The Hemostats Market

The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

 As per The Business Research Company’s Hemostats Global Market Report 2023, 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 hemostats market size is expected to reach $4.19 billion in 2027 at a CAGR of 7.07%.

What was the major driver in the hemostats market?
An Increase In Surgical Operations is projected to boost the hemostat market ahead in the coming years. Surgical procedures include any invasive therapies done on a person to investigate or treat a pathological condition. Hemostats are necessary for surgical procedures because they prevent blood loss during the procedure. According to the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS) report in February 2022, 1.4 million surgical and non-surgical procedures were performed in 2021, an increase of 600 operations on average over 2020. As a result, an increase in surgical operations is propelling the hemostat market forward.

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What was the key trend in the hemostats market?
Technological progress is a major trend in the hemostats market. Major hemostats market businesses are developing in their new technologies and research & development in the hemostats industry. Ethicon, a US-based manufacturer of surgical sutures and wound closure devices, for example, introduced a surgical powder absorbable hemostat in March 2020, a powdered supplementary hemostat based on proven SURGICEL absorbable hemostat technology. This helps surgeons increase the effectiveness of disruptive bleeding control. It is designed to manage chronic, extensive oozing and promptly stop bleeding, and it is suited for use in a wide range of surgeries, including gynecologic, oncologic, cardiovascular, and general procedures, due to its ease of application across large surfaces.

Which was the largest region in the hemostats market?
North America was the largest region in the hemostats market in 2022. 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 and Africa.

Who are the hemostats market prominent players?
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.

Key hemostats market segments
The global hemostats market 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

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The Hemostats Global Market Report 2023  provides a comprehensive overview on the hemostats market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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