Hemostats Market, By Type, By Formulation, By Application, By End Use, By Country, and By Region -Industry Analysis, Market Size, Market Share & Forecast from 2023-2030
Hemostats market size was valued at USD 2,342.32 Million in 2022, expanding at a CAGR of 7.9% from 2023 to 2030.
Hemostat is known as a surgical agent that is used to control the bleeding process throughout surgical procedures. It help to minimize surgery time and reduce the requirement for blood transfusion. Hemostat agents are crucial in achieving hemostasis in pre-hospital conditions and avoiding death associated with hemorrhage. Additionally, hemostats are utilized to constrict blood vessels and control the flow of fluids including blood. To manage bleeding, they are commonly used as an adjuvant to surgical procedures. Hemostatic agents provide different advantages, such as a reduction in the patient recovery period, minimized wound healing & operative time, and better management of anti-coagulated patients fueling the hemostasis market.
Hemostats Market- Market Dynamics
Rising surgical procedures are propelling the market growth
An increasing number of regulatory approvals, growing focuses on effective blood loss management in patients during surgeries, and an increase in the incidence of sports-related injuries and spinal ailments are raising the number of surgical procedures across the globe, which is expected to drive the hemostats market growth. Moreover, the rise in the geriatric population significantly contributes toward the growth of the market as aged individuals are highly susceptible to several types of diseases, which increases the requirement for surgeries, as a result boosting the hemostats market share. Additionally, the increase in the number of road accidents has been attributed to the surge in surgical procedures, which augmented the hemostats market growth. However, high hemostat product costs and alternative treatment alternatives are expected to restrain the market demand. Furthermore, the market revenue growth is expected to be driven by the growing number of healthcare professionals and awareness about the advantages of utilizing hemostat patients. Various medical specialties such as orthopedics, cardiology, general surgery, and neurology are employing hemostat products extensively thus, fueling the market demand.
Hemostats Market- Key Insights
As per the analysis shared by our research analyst, the global hemostats market is estimated to grow annually at a CAGR of around 7.9% over the forecast period (2023-2030)
The hemostats industry is projected to grow at a significant rate due to the increasing surgical procedure
Based on type segmentation, thrombin-based hemostats was predicted to show maximum market share in the year 2022
Based on application segmentation, orthopedic surgery was the leading type in 2022
Based on Region, North America was the leading revenue generator in 2022.
Hemostats Market- Segmentation Analysis:
The global hemostats market is segmented on the basis of type, formulation, application, end use, and region.
The market is divided into five categories based on type: collagen-based hemostats, thrombin-based hemostats, gelatin-based hemostats, oxidized regenerated cellulose-based hemostats, combination hemostats, and others. The thrombin-based hemostats segment is accounted to dominate the largest revenue share. The segment is attributed to the rise in the adoption of thrombin-based hemostats owing to their quick effect as they quickly facilitate the clotting process. Additionally, an increase in investments in the development of new hemostat products and the benefits associated with the use of combination hemostats, as they provide enhanced efficacy by combining the advantages of various hemostatic agents is expected to witness the segment growth.
The market is divided into six categories based on application: gynecological surgery, orthopedic surgery, general surgery, reconstructive surgery, neurological surgery, cardiovascular surgery, and others. The orthopedic surgery segment is likely to possess the highest market share due to the higher incidence of orthopedic conditions & sports injuries that need surgical interventions, leading to the rising number of procedures thus cumulative the uptake of hemostats. Furthermore, the cardiovascular segment is accounted to witness the highest growth rate owing to the increasing geriatric population, and unhealthy lifestyle leading to an increase in the number of cardiovascular disorders, which, in turn, has led to a rise in the number of cardiac surgeries.
Hemostats Market- Geographical Insights
North America is likely to lead in revenue generation across the globe. The rising number of surgical procedures occurring in the region can be attributed to the increasing patient population requiring surgical procedures, a highly potent market in terms of product development and launches, advanced healthcare infrastructure, and the local presence of various market players among other factors in the region. Moreover, the Asia Pacific market is accounted to have the quickest revenue share. The market demand in the region is anticipated to grow in the region due to the increase in surgical procedures and the increased senior population in developing economies such as India and China.
Hemostats Market- Competitive Landscape:
Governments across the world are investing in healthcare infrastructure to provide improved healthcare services, which has increased the need for hemostat products due to the rising number of clinics, hospitals, and healthcare facilities. Thereby, the rising funding by the federal government to boost the adoption of these solutions further influences the market growth. Moreover, an increase in the number of hospitals & surgical centers and growing R&D activities in the market will provide trending opportunities for the hemostats market. Market players are constantly focusing on adopting strategies to expand their business including product innovation, partnership, mergers and acquisitions, and collaboration. For instance, in July 2021, Rapid-Seal is an efficient, antibacterial hemostatic gel developed by Medcura, Inc. in collaboration with ASO, LLC. Medcura's FDA-approved injuries gel is the first in an emerging category of products that provide antibacterial properties and quick bleeding handling to enhance wound treatment, aid in the fight against infections caused by wounds, and promote a safe healing surroundings.
Recent Developments:
For instance, in July 2023, Baxter International Inc. introduced the launch of PERCLOT Absorbable Hemostatic Powder. PERCLOT is a ready for use apathetic, absorbable hemostatic powder designed for people with intact coagulation to control minor bleeding.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL HEMOSTATS MARKET KEY PLAYERS
Marine Polymer Technologies, Inc.
Gelita Medical GmbH
Stryker
Teleflex
B. Braun Melsungen AG
Integra LifeSciences
Anika Therapeutics, Inc.
Z-Medica LLC
Ethicon, Inc.
CR Bard, Inc.
Life sciences Corporation
Baxter International, Inc.
GLOBALHEMOSTATS MARKET, BY TYPE
Collagen Based Hemostats
Thrombin Based Hemostats
Gelatin Based Hemostats
Oxidized Regenerated Cellulose Based Hemostats
Combination Hemostats
Others
GLOBAL HEMOSTATS MARKET, BY FORMULATION
Powder Hemostats
Matrix and Gel Hemostats
Sponge Hemostats
Sheet and Pad Hemostats
Others
GLOBAL HEMOSTATS MARKET, BY APPLICATION
Gynecological Surgery
Orthopedic Surgery
General Surgery
Reconstructive Surgery
Neurological Surgery
Cardiovascular Surgery
Others
GLOBAL HEMOSTATS MARKET, BY END USE
Ambulatory centers
Hospitals
Clinics
Community healthcare
Others
GLOBAL HEMOSTATS MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Hemostats Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Hemostats Market Snippet by Type
2.1.2. Hemostats Market Snippet by Formulation
2.1.3. Hemostats Market Snippet by Application
2.1.4. Hemostats Market Snippet by End Use
2.1.5. Hemostats Market Snippet by Country
2.1.6. Hemostats Market Snippet by Region
2.2. Competitive Insights
3. Hemostats Key Market Trends
3.1. Hemostats Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Hemostats Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Hemostats Market Opportunities
3.4. Hemostats Market Future Trends
4. HemostatsIndustry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Hemostats Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Hemostats Market Landscape
6.1. Hemostats Market Share Analysis, 2022
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Hemostats Market - By Type
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2022&2030 (%)
7.1.2. Collagen Based Hemostats
7.1.3. Thrombin Based Hemostats
7.1.4. Gelatin Based Hemostats
7.1.5. Oxidized Regenerated Cellulose Based Hemostats
7.1.6. Combination Hemostats
7.1.7. Others
8. Hemostats Market - By Formulation
8.1. Overview
8.1.1. Segment Share Analysis, By Formulation, 2022&2030 (%)
8.1.2. Powder Hemostats
8.1.3. Matrix and Gel Hemostats
8.1.4. Sponge Hemostats
8.1.5. Sheet and Pad Hemostats
8.1.6. Others
9. Hemostats Market - By Application
9.1. Overview
9.1.1. Segment Share Analysis, By Application, 2022&2030 (%)
9.1.2. Gynecological Surgery
9.1.3. Orthopedic Surgery
9.1.4. General Surgery
9.1.5. Reconstructive Surgery
9.1.6. Neurological Surgery
9.1.7. Cardiovascular Surgery
9.1.8. Others
10. Hemostats Market - By End Use
10.1. Overview
10.1.1. Segment Share Analysis, By End Use, 2022&2030 (%)
10.1.2. Ambulatory centers
10.1.3. Hospitals
10.1.4. Clinics
10.1.5. Community healthcare
10.1.6. Others
11. Hemostats Market- By Geography
11.1. Introduction
11.1.1. Segment Share Analysis, By Geography, 2022&2030 (%)
11.2. North America
11.2.1. Overview
11.2.2. Hemostats Key Manufacturers in North America
11.2.3. North America Market Size and Forecast, By Country, 2018 - 2030 (US$ Million)
11.2.4. North America Market Size and Forecast, By Type, 2018 - 2030 (US$ Million)
11.2.5. North America Market Size and Forecast, By Formulation, 2018 - 2030 (US$ Million)
11.2.6. North America Market Size and Forecast, By Application, 2018 - 2030 (US$ Million)
11.2.7. North America Market Size and Forecast, By End Use, 2018 - 2030 (US$ Million)