The evicel market has showcased considerable growth in the past few years, with the market size expected to skyrocket from $XX million in 2024 to $XX million in 2025, reflecting a compound annual growth rate (CAGR) of XX%. Key driving factors for this growth trend include a rise in the number of surgical procedures, growth in the prevalence of chronic diseases, expanding healthcare infrastructure, and an increasing demand for minimally invasive surgeries.
In the upcoming years i.e., 2025-2029, the evicel market is set to grow further to $XX million, with an expected CAGR of XX%. This forecasted growth can be attribute to an upswing in demand for minimally invasive surgeries, developing healthcare infrastructure in emerging markets, and integration of surgical sealants into a broader range of medical specialties.
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What Are The Key Factors Driving The Growth Of Evicel Market?
The rise in the prevalence of bleeding disorders has been a major driver for the growth of the evicel market. Bleeding disorders such as hemophilia refer to medical conditions where the blood exhibits a tendency to bleed excessively or for extended periods post-injury or surgery. The increase in genetic conditions including hemophilia and lifestyle factors like obesity and poor nutrition, as well as chronic diseases like liver disorders, have led to a rise in bleeding disorders. Evicel, which comes handy as a fibrin sealant, has proved effective in promoting hemostasis during surgical procedures, thus controlling bleeding in patients with hemophilia or other clotting deficiencies.
What Are The Primary Segments Of The Global Evicel Market?
1) By Type of Surgery: Orthopedic Surgeries, Cardiac Surgeries, General Surgeries, Liver Surgeries, Gynecological Surgeries
2) By Distribution Channel: Hospital Pharmacies, Surgical Supply Distributors, Outpatient Surgery Centers
3) By End-User: Hospitals, Specialty Clinics, Other End-Users
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Who Are The Primary Players In The Evicel Market?
Key players operating in the evicel market include Johnson & Johnson (Omrix Biopharmaceuticals Ltd), playing a significant part in shaping the dynamics of the market.
What Are The Emerging Trends In The Evicel Market?
The evicel market is experiencing a surge in emerging trends such as the development of next-generation fibrin sealants, integration of advanced delivery systems, and innovations in fibrin sealant formulations. These developments are blending technology with medical procedures for improved outcomes.
Which Geographical Regions Are Dominating The Evicel Market?
North America held the leading position in the evicel market in 2024 with the fastest-growing region projected to be Asia-Pacific during the forecast period. The regions covered in the evicel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Evicel Global Market Report 2025 Offer?
Evicel is a surgical fibrin sealant made from human fibrinogen and thrombin. This sealant plays a key role in stopping bleeding and promoting healing by forming a clot during operations. The Evicel Global Market Report 2025 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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