What is Hemostasis and Tissue Sealing Agents Market?
The hemostasis and tissue sealing agents are used to restrict bleeding caused due to injuries or during surgeries. During surgeries, it is important to stop the bleeding of the patient, to avoid further damage or death due to blood loss, hemostasis, and tissue sealing agents are used. These agents are available in the market in the form of gels, powder, sponges, patches, and other formulations. The FDA has approved numerous hemostatic products that would further project the growth of the global hemostasis and tissue sealing agents market in the forecast period.
Highlights from Hemostasis and Tissue Sealing Agents Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Advanced Medical Solutions Group plc (United Kingdom), Baxter International Inc. (United States), Cohera Medical, Inc. (Slovenia), CryoLife, Inc. (United States), C.R. Bard, Inc. (United States), Johnson & Johnson (United States), Integra LifeSciences Corporation (United States), Pfizer, Inc. (United States), B Braun Medical Inc. (Germany), Medtronic (United States), CSL Behring (United States) and CryoLife (United States) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Hemostasis and Tissue Sealing Agents market throughout the forecasted period.
Advanced Medical Solutions Group plc (United Kingdom), Baxter International Inc. (United States), Cohera Medical, Inc. (Slovenia), CryoLife, Inc. (United States), C.R. Bard, Inc. (United States), Johnson & Johnson (United States), Integra LifeSciences Corporation (United States), Pfizer, Inc. (United States), B Braun Medical Inc. (Germany), Medtronic (United States), CSL Behring (United States) and CryoLife (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Zimmer Biomet (United States), Ferrosan Medical Devices (Denmark), Smith & Nephew (United Kingdom), Z-Medica (United States) and Marine Polymer (United States). Hemostasis and Tissue Sealing Agents Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Minimally Invasive Surgery, General Surgery and Others |
Type | Topical Hemostats (Mechanical Hemostats, Active Hemostats, Flowable Hemostats, Fibrin Sealants, and Topical Thrombin Products) and Adhesive and Tissue Sealing Agents (Natural Tissue Sealants, Synthetic Tissue Sealants, Adhesion Barrier Products) |
On the basis of geography, the market of Hemostasis and Tissue Sealing Agents has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Number of Surgeries such as Hernia Fixation, Orthopedic Surgery, and Others
Market Growth Drivers:
Growth in Geriatric Population and Prevalence of Chronic Conditions and Increase in Cases of Wound and Routine Injuries
Challenges:
Increasing uses of Off Label Hemostat Products
Restraints:
Stringent Regulatory Scenario Regarding Approval of Hemostasis and Tissue Sealing Agents
Opportunities:
Increasing Advancement in Technology and Rising Incidences of Cardiovascular Surgeries Result in High Demand for Hemostat Devices
Key Target Audience
Hemostasis and Tissue Sealing Agents Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
Market Leaders & Development Strategies
July 2021: Baxter International Inc. acquired certain assets of CryoLife’s PerClot Polysaccharide Hemostatic System for up to USD 60.8 million.
In the United States, the Food and Drug Administration (FDA) regulates hemostatic and tissue-sealing agents under the Center for Devices and Radiological Health (CDRH). The FDA reviews the safety and efficacy of these products before they can be marketed and sold in the United States.