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Europe Flowable Hemostats Market Forecast to 2028 - Regional Analysis - by Material, Product, Application, and End User
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The Europe flowable hemostats market is expected to grow from US$ 215.54 million in 2022 to US$ 328.23 million by 2028. It is estimated to grow at a CAGR of 7.3% from 2022 to 2028.
Increasing Number of Hospitals and Surgical Centers Fuel Europe Flowable Hemostats Market
The number of hospitals and surgical centers is increasing rapidly in developed and emerging regions. Such growth accelerates demand for surgical equipment (including medical devices and hemostat products) for lately established surgical centers and hospitals. In October 2020, the Prime Minister of the UK announced plans to invest around US$ 4.3 billion for the setting of 40 hospitals and a scheme for future funding for 48 hospitals by 2030. Furthermore, the growth in the healthcare sector offers lucrative opportunities for the flowable hemostats market. The healthcare industry has been encountering a rapid transformation in recent years. Various countries across the globe have favored advanced technologies in healthcare. With the need for better healthcare facilities, Technology-Enabled Care (TEC) solutions are being referred to in the healthcare systems, especially in emerging economies. Some of the primary factors, such as rising incidences of chronic illnesses, an increase in the aging population, and pediatric care, are helping boost the growth of the healthcare industry. With rising technical procedures, the effectiveness of topical hemostats may help improve clinical outcomes. Thus, the ideal topical hemostats would offer authentic and prompt bleeding control. Such significant growth in the number of hospitals and surgical centers demands high adoption of flowable hemostat products, ultimately offering lucrative growth opportunities for the market's growth during the coming years.
Europe Flowable Hemostats Market Overview
The Europe market for flowable hemostats is spread across Germany, the UK, France, Italy, Spain, and the Rest of Europe. This regional market is expected to witness a steady growth rate of 7.3% from 2022 to 2028 due to the rise in the number of surgical procedures, increasing government initiatives, growing healthcare expenditure, and several other factors. Germany has some specific medical facilities and trained physicians to treat patients worldwide. Besides, the country has the most advanced medical training facilities, and doctors are required to undergo extensive education, residency, and practice. As per the study obtained from the German Federal Statistical Office, the country had nearly 951,936 hospital staff and approximately 1,903 hospitals in 2020, which is expected to increase the number of surgeries in the country over the coming years. The growing number of surgical procedures is a crucial factor behind the rise in the hemostats market in Germany. For instance, according to the German Society for Thoracic and Cardiovascular Surgery (GSTCVS), around 161,817 procedures were registered in 2019 across the country, out of which 92,809 were cardiac surgeries. Furthermore, Germany is the largest medical technology market and ranks third internationally. Approximately 11,000 medical devices are manufactured in the country, and two-thirds of its sales of medical devices were produced outside its domestic market. Germany is home to more than 30 dedicated cluster networks dedicated to innovative medical technology. The German Government's national high-tech strategy 2020 developed as a broad, interdepartmental advance strategy. Thus, factors, such as the growing number of hospitals and the rise in the number of surgeries, are likely to boost this market during the forecast period.
Europe Flowable Hemostats Market Revenue and Forecast to 2028 (US$ Million)
Europe Flowable Hemostats Market Segmentation
The Europe flowable hemostats market is segmented into material, product, application, end user, and country.
Based on material, the Europe flowable hemostats market is bifurcated into bovine gelatin & porcine gelatin. The bovine gelatin segment held a larger share of the Europe flowable hemostats market in 2022.
In terms of product, the Europe flowable hemostats market is segmented into combination hemostats, passive hemostats, and active hemostats. The combination hemostats segment held the largest share of the Europe flowable hemostats market in 2022.
Based on application, the Europe flowable hemostats market is categorized into general surgery, cardiac surgery, vascular surgery, orthopedic surgery, neuro and spine surgery, and others. The general surgery segment held the largest share of the Europe flowable hemostats market in 2022.
Based on end user, the Europe flowable hemostats market is segmented into hospitals and clinics, ambulatory surgery centers, and others. The hospitals and clinics segment held the largest share of the Europe flowable hemostats market in 2022.
By country, the Europe flowable hemostats market is categorized into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Germany dominated the Europe flowable hemostats market in 2022.
Baxter International Inc, Ethicon (Johnson & Johnson), Pfizer Inc, Teleflex Incorporated, 3-D Matrix Medical Technology, Biom'up, and Aegis Lifesciences are some of the leading companies operating in the Europe flowable hemostats market.
Table Of Contents
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Europe Flowable Hemostats Market - By Material
- 1.3.2 Europe Flowable Hemostats Market - By Product
- 1.3.3 Europe Flowable Hemostats Market - By Application
- 1.3.4 Europe Flowable Hemostats Market - By End User
- 1.3.5 Europe Flowable Hemostats Market - By Country
2. Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Europe Flowable Hemostats Market - Market Landscape
- 4.1 Overview
- 4.2 Europe PEST Analysis
- 4.3 Europe Experts Opinion
5. Europe Flowable Hemostats Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Increasing Number of Injuries and Surgical Procedures
- 5.1.2 Rising Geriatric Population
- 5.2 Market Restraints
- 5.2.1 Shortage of Skilled Professionals and Poor Reimbursement Policies
- 5.3 Market Opportunities
- 5.3.1 Increasing Number of Hospitals and Surgical Centers
- 5.4 Future Trends
- 5.4.1 Research and Development (R&D) Activities Leading to Product Innovations
- 5.5 Impact Analysis
6. Flowable Hemostats Market - Europe Analysis
- 6.1 Europe Flowable Hemostats Market Revenue Forecast & Analysis
- 6.1.1 Europe Flowable Hemostats Market Revenue Forecast & Analysis
7. Europe Flowable Hemostats Market Analysis - By Material
- 7.1 Europe Flowable Hemostats Market Share, by Material, 2021 and 2028 (%
- 7.2 Bovine Gelatin
- 7.2.1 Overview
- 7.2.2 Bovine Gelatin: Europe Flowable Hemostats Market- Revenue and Forecast to 2028 (US$ Million)
- 7.3 Porcine Gelatin
- 7.3.1 Overview
- 7.3.2 Porcine Gelatin: Europe Flowable Hemostats Market- Revenue and Forecast to 2028 (US$ Million)
8. Europe Flowable Hemostats Market- By Product
- 8.1 Overview
- 8.2 Combination Hemostat
- 8.2.1 Overview
- 8.2.2 Combination Hemostat: Europe Flowable Hemostats Market- Revenue and Forecast to 2028 (US$ Million)
- 8.3 Passive Hemostat
- 8.3.1 Overview
- 8.3.2 Passive Hemostat: Europe Flowable Hemostats Market- Revenue and Forecast to 2028 (US$ Million)
- 8.4 Active Hemostat
- 8.4.1 Overview
- 8.4.2 Active Hemostat: Europe Flowable Hemostats Market- Revenue and Forecast to 2028 (US$ Million)
9. Europe Flowable Hemostats Market- By Application
- 9.1 Overview
- 9.2 General Surgery
- 9.2.1 Overview
- 9.2.2 General Surgery: Europe Flowable Hemostats Market- Revenue and Forecast to 2028 (US$ Million)
- 9.3 Cardiac Surgery
- 9.3.1 Overview
- 9.3.2 Cardiac Surgery: Europe Flowable Hemostats Market- Revenue and Forecast to 2028 (US$ Million)
- 9.4 Vascular Surgery
- 9.4.1 Overview
- 9.4.2 Vascular Surgery: Europe Flowable Hemostats Market- Revenue and Forecast to 2028 (US$ Million)
- 9.5 Orthopedic Surgery
- 9.5.1 Overview
- 9.5.2 Orthopedic Surgery: Europe Flowable Hemostats Market- Revenue and Forecast to 2028 (US$ Million)
- 9.6 Neuro and Spine Surgery
- 9.6.1 Overview
- 9.6.2 Neuro and Spine Surgery: Europe Flowable Hemostats Market- Revenue and Forecast to 2028 (US$ Million)
- 9.7 Others
- 9.7.1 Overview
- 9.7.2 Others: Europe Flowable Hemostats Market- Revenue and Forecast to 2028 (US$ Million)
10. Europe Flowable Hemostats Market Analysis - By End User
- 10.1 Overview
- 10.2 Hospitals and Clinics
- 10.2.1 Overview
- 10.2.2 Hospitals and Clinics: Europe Flowable Hemostats Market - Revenue and Forecast to 2028 (US$ Million)
- 10.3 Ambulatory Surgery Centers
- 10.3.1 Overview
- 10.3.2 Ambulatory Surgery Centers: Europe Flowable Hemostats Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4 Others
- 10.4.1 Overview
- 10.4.2 Others: Europe Flowable Hemostats Market - Revenue and Forecast to 2028 (US$ Million)
11. Europe Flowable Hemostats Market Revenue and Forecasts to 2028 - Country Analysis
- 11.1 Europe Flowable Hemostats Market Revenue and Forecast to 2028
- 11.1.1 Overview
- 11.1.1.1 Germany: Flowable Hemostats Market - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.1.1 Germany: Flowable Hemostats Market - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.1.2 Germany: Flowable Hemostats Market, by Material - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.1.3 Germany: Flowable Hemostats Market, by Product- Revenue and Forecast to 2028 (USD Million)
- 11.1.1.1.4 Germany: Flowable Hemostats Market, by Application- Revenue and Forecast to 2028 (USD Million)
- 11.1.1.1.5 Germany: Flowable Hemostats Market, End User - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.2 UK: Flowable Hemostats Market - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.2.1 UK: Flowable Hemostats Market - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.2.2 UK: Flowable Hemostats Market, by Material - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.2.3 UK: Flowable Hemostats Market, by Product- Revenue and Forecast to 2028 (USD Million)
- 11.1.1.2.4 UK: Flowable Hemostats Market, by Application- Revenue and Forecast to 2028 (USD Million)
- 11.1.1.2.5 UK: Flowable Hemostats Market, End User - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.3 France: Flowable Hemostats Market - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.3.1 France: Flowable Hemostats Market - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.3.2 France: Flowable Hemostats Market, by Material - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.3.3 France: Flowable Hemostats Market, by Product- Revenue and Forecast to 2028 (USD Million)
- 11.1.1.3.4 France: Flowable Hemostats Market, by Application- Revenue and Forecast to 2028 (USD Million)
- 11.1.1.3.5 France: Flowable Hemostats Market, End User - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.4 Italy: Flowable Hemostats Market - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.4.1 Italy: Flowable Hemostats Market - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.4.2 Italy: Flowable Hemostats Market, by Material - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.4.3 Italy: Flowable Hemostats Market, by Product- Revenue and Forecast to 2028 (USD Million)
- 11.1.1.4.4 Italy: Flowable Hemostats Market, by Application- Revenue and Forecast to 2028 (USD Million)
- 11.1.1.4.5 Italy: Flowable Hemostats Market, End User - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.5 Spain: Flowable Hemostats Market - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.5.1 Spain: Flowable Hemostats Market - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.5.2 Spain: Flowable Hemostats Market, by Material - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.5.3 Spain: Flowable Hemostats Market, by Product- Revenue and Forecast to 2028 (USD Million)
- 11.1.1.5.4 Spain: Flowable Hemostats Market, by Application- Revenue and Forecast to 2028 (USD Million)
- 11.1.1.5.5 Spain: Flowable Hemostats Market, End User - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.6 Rest of Europe: Flowable Hemostats Market - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.6.1 Rest of Europe: Flowable Hemostats Market - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.6.2 Rest of Europe: Flowable Hemostats Market, by Material - Revenue and Forecast to 2028 (USD Million)
- 11.1.1.6.3 Rest of Europe: Flowable Hemostats Market, by Product- Revenue and Forecast to 2028 (USD Million)
- 11.1.1.6.4 Rest of Europe: Flowable Hemostats Market, by Application- Revenue and Forecast to 2028 (USD Million)
- 11.1.1.6.5 Rest of Europe: Flowable Hemostats Market, End User - Revenue and Forecast to 2028 (USD Million)
12. Europe Flowable Hemostats Market-Industry Landscape
- 12.1 Overview
- 12.2 Organic Developments
- 12.3 Inorganic Developments
13. Company Profiles
- 13.1 Baxter International Inc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Ethicon (Johnson & Johnson)
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 Pfizer Inc.
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 Teleflex Incorporated
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 3-D Matrix Medical Technology
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 Biom'up
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 Aegis Lifesciences
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
14. Appendix
- 14.1 About The Insight Partners
- 14.2 Europe Glossary of Terms