Overview and Scope
Hemostasis products refer to medical substances or devices used to control bleeding and promote clotting (hemostasis) in various medical settings. These products are crucial for managing bleeding disorders and promoting wound healing, while also ensuring that the body’s clotting mechanisms function properly.
Sizing and Forecast
The hemostasis products market size has grown strongly in recent years. It will grow from $1.59 billion in 2023 to $1.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rise in surgical procedures, growing aging population, increasing incidence of hemophilia, expanding healthcare infrastructure, rising awareness about blood clotting disorders.
The hemostasis products market size is expected to see strong growth in the next few years. It will grow to $2.16 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising demand for minimally invasive surgeries, global increase in trauma cases, expansion of hemostasis applications in chronic diseases, shift towards ambulatory surgical centers, personalized medicine and biomarker research. Major trends in the forecast period include technological innovations in hemostasis, advancements in hemostatic technologies, rising preference for minimally invasive procedures, growing incidence of chronic diseases, focus on biodegradable hemostatic agents.
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Segmentation & Regional Insights
The hemostasis products market covered in this report is segmented –
1) By Product: Topical Hemostasis Product, Infusible Hemostasis Product, Advanced Hemostasis Product
2) By Application: Trauma, Surgery, Hemophilia, Myocardial Infarction, Other Applications
3) By End User: Hospitals, Clinics, Other End Users
North America was the largest region in the hemostasis products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hemostasis products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increase in the prevalence of blood disorders is expected to propel the growth of the hemostasis products market going forward. Blood disorders, also known as hematologic disorders, refer to a group of medical conditions that affect the composition, function, and behavior of blood and its components. Hemostasis products are used in various blood disorders to help regulate the clotting and bleeding processes in the body. It can address both excessive bleeding (hemorrhage) and excessive clotting (thrombosis) that can occur in different blood disorders. For instance, in June 2021, according to the Leukemia Foundation, an Australia-based non-profit organization, there were approximately 110,000 people living with blood disorders in Australia in 2021. By 2035, it is expected that this number will increase to more than 275,000 cases due to the rise in the incidence of blood cancer and blood disorders in Australia. Therefore, an increase in the prevalence of blood disorders is driving the growth of the hemostasis products market.
Key Industry Players
Major companies operating in the hemostasis products market report are Pfizer Inc., Abbott Laboratories, Thermo Fisher Scientific Inc., Medtronic PLC, Johnson And Johnson Pvt. Ltd., Siemens Healthineers, Becton Dickinson and Company (BD), Stryker Corporation, Baxter International Inc., Boston Scientific Corporation, F. Hoffmann-La Roche Ltd., BBraun Melsungen AG, Fresenius Kabi AG, Zimmer Biomet Holdings Inc., Olympus Corporation, Grifols S.A., Terumo BCT Inc., Smith And Nephew PLC, Ethicon Suture Laboratories, Hologic Inc., Cook Medical, Teleflex Incorporated, Integra LifeSciences Corporation, Haemonetics Corporation, Z-Medica LLC, Tricol Biomedical, Hem Con Medical Technologies Inc., Hemostasis LLC, C. R. Bard Inc., CuraMedical BV
The hemostasis products market report table of contents includes:
1. Executive Summary
2. Hemostasis Products Market Characteristics
3. Hemostasis Products Market Trends And Strategies
4. Hemostasis Products Market – Macro Economic Scenario
5. Global Hemostasis Products Market Size and Growth
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31. Hemostasis Products Market Other Major And Innovative Companies
32. Global Hemostasis Products Market Competitive Benchmarking
33. Global Hemostasis Products Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hemostasis Products Market
35. Hemostasis Products Market Future Outlook and Potential Analysis
36.Appendix
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