What Does The Market Research Say About The Hemostats Market Size And Growth Rates?
The hemostats market size has experienced strong growth in recent years, expanding from $3.37 billion in 2024 to $3.59 billion in 2025 at a compound annual growth rate (CAGR) of 6.5%. This growth during the historic period can be attributed to surgical advancements, an increasing geriatric population, the prevalence of chronic diseases and coagulation disorders, the expansion of cardiovascular surgeries, and orthopedic applications.
The market size is anticipated to see continued growth, reaching $4.67 billion in 2029 at a CAGR of 6.8%. Factors contributing to this forecasted growth include emergency preparedness and pandemic response, global healthcare infrastructure development, rising demand for minimally invasive surgeries, expanded applications in various specialties, and a focus on biocompatibility. Noteworthy trends include product innovations, advancements in hemostatic technologies, and a continued focus on minimally invasive surgeries.
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How Is The Increase in Surgical Procedures Impacting The Market Growth?
An increase in surgical procedures worldwide is fueling the growth of the hemostat market. These procedures, referring to all forms of invasive treatments utilized to investigate or treat pathological conditions, often necessitate the use of hemostats to prevent blood loss. For example, in September 2023, the International Society of Aesthetic Plastic Surgery reported an 11.2% overall increase in procedures performed by plastic surgeons in 2022, with over 14.9 million surgical and 18.8 million non-surgical procedures performed globally. This increase in both surgical and non-surgical procedures is a key driver in the growth of the hemostat market.
What Are the Segments of The Global Hemostats Market?
The market is categorized as follows:
– By Type: Thrombin-Based Hemostats, Oxidized Regenerated Cellulose-Based Hemostats, Combination Hemostats, Gelatin-Based Hemostats, Collagen-Based Hemostats
– By Product: Active Hemostats, Passive Hemostats, Combination Hemostats, Other Products
– By Formulation: Matrix And Gel Hemostats, Sheet And Pad Hemostats, Sponge Hemostats, Powder Hemostats
– By Application: Orthopedic Surgery, General Surgery, Neurological Surgery, Cardiovascular Surgery, Reconstructive Surgery, Gynecological Surgery, Other Applications
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Who Are The Major Players in The Global Hemostats Market?
Major companies operating in the hemostats market include 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, and others. These companies are leading the market with their continued emphasis on innovation and the development of high-quality products.
What Are The Key Trends in The Hemostats Market?
Technological advancement stands as a key trend in the hemostats market, with major companies making significant strides in new technologies, research, and developments. For instance, in March 2022, Baxter, a US-based healthcare company, launched PERCLOT Absorbable Hemostatic Powder in the United States. This product is a passive, absorbable hemostatic powder designed to address mild bleeding in patients with intact coagulation – a prime example of the product innovations currently driving market trends.
How Is The Hemostats Market Expected To Perform Across Different Regions?
In 2024, North America was the largest region in the hemostats market. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period. The hemostats market report also covers other regions, including Western and Eastern Europe, South America, the Middle East, and Africa.
What Does The Hemostats Market Report 2025 Offer?
A hemostat refers to a surgical tool used in many surgical procedures to treat or compress bleeding vessels during surgeries. It helps to hold the deeper regions of the wound visible, enabling doctors to perform surgical procedures efficiently. The Hemostats Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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