Published Date: November, 2017
Infinium Global Research has added a new market research report on hemostats and tissue sealants market. Hemostats and tissue sealants are used in surgeries to control the blood loss. When the blood vessels get damaged, the mechanisms that prevent blood loss is the blood clot. At the time of surgery the bleeding is controlled by hemostats surgical tool. Tissue sealants are categorized into two types that are biological substrates and physical agents. Synthetic agents, collagen-based compounds, fibrin sealants and tissue adhesive glues are key types of hemostats and tissue sealants.
Figure 1: Global Hemostats and Tissue Sealants Market by Value 2015 - 2023
The global hemostats and tissue sealants market was sized over USD 2.54 billion in 2015. The global hemostats and tissue sealants market is projected to grow with a CAGR between 8.5% and 9.0% during 2017-2023. Increasing in the number of surgeries worldwide, wide range of applications, patient safety and quick recovery, and technology advancement are some of the key factors driving the growth of global hemostats and tissue sealants market. Moreover, lack of awareness about these devices is a primary restraining factor in the world hemostats and tissue sealants market. The medical devices need to go under several examinations before they get approved thus there are strict regulatory rules to control are some of the key factors restraining the growth of this market. Increasing popularity of MI procedures, Development of new tissue sealants and hemostats are likely to bring more opportunities to this market.
The report segments the hemostats and tissue sealants market by product type and by region. Market segmentation based on product type includes hemostats and tissue sealants. Flowable hemostats, Mechanical hemostats, Active hemostats are sub segment of hemostats. Tissue sealants are sub segmented into synthetic sealants, fibrin sealants and other natural sealants. Furthermore, the fibrin sealants have a wide range of medical applications.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as Americas, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2023.
Figure 2: Global Hemostats and Tissue Sealants Market by Region 2015 - 2023
Americas was the largest market among the geographies in 2015. The U.S and Canada are contributor’s major revenue, due to increase in the number of outpatient surgical facilities and surge in the number of MI surgeries. Furthermore, Europe is the second largest market for hemostats and tissue sealants. Germany has dominated the Europe market as the country is experiencing a considerable rise in elderly population. Asia Pacific is expected to grow at the highest CAGR rate over the forecast period due to increasing investment in healthcare industry by governments in China and Japan.
The companies covered in the report include Abbott Laboratories, Advanced Medical Solutions Group, Plc., 3M, ADCO Global, Inc., Dymax Corporation, Johnson & Johnson (Ethicon) and Baxter.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of hemostats and tissue sealants globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of hemostats and tissue sealants.
Moreover, the study highlights current market
trends and provides forecast from 2017 to 2023. We also have highlighted future
trends in the hemostats and tissue sealants market that will impact the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight on the market strategies of the leading
players. This report will help manufacturers, suppliers and distributors of the
hemostats and tissue sealants market to understand the present and future
trends in this market and formulate their strategies accordingly.
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