Global Hemostatic Sponge Market Overview:
The hemostatic sponge is made of absorbent and implantable collagen of bovine or porcine origin is white, sterile and non-toxic, free of foreign particles, burrs and sharp edges. It is generally useful for neurological applications near the spine, liver surgery and vascular surgery. It is easy to cut and shape. It is used during capillary bleeding, bleeding on the sheet, hemostasis of the puncture in hemodialysis and clean the navel with a rotational movement around it.
As per latest study released by AMA Research, the Global Hemostatic Sponge market is expected to see growth rate of 4.9%Attributes | Details |
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Study Period | 201-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 201-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Robust Increase in the Distribution Channels
Market Growth Drivers:
Increased Number of Surgeries Performed Worldwide, Increased Number of Hospitals and Clinics and Development of Healthcare Infrastructure in Emerging Economies
Challenges:
Increasing Competition in the Market
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growth in the Healthcare Industry, Increasing Demand from End-users and Adoption of Novel Technologies by Manufacturers
Competitive Landscape:
There are various companies that are operating in the new geographical regions by adopting various market growth initiatives such as mergers & acquisitions, expansions, investments, and others. There are various new market players are entering the market to capture market growth opportunities.
Some of the key players profiled in the report are CuraMedical B.V. (Netherlands), Pfizer Inc. (United States), Medtrade Products (United Kingdom), Unilene (United States), BioCer Entwicklungs-GmbH (Germany), Aegis Lifesciences (India), Axio Biosolutions Private (India), Gelita Medical GmbH (Germany), Equimedical B.V. (Netherlands) and Ethicon Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Hemostasis, LLC (United States) and Symatese (France). Analyst at AMA Research see United States Players to retain maximum share of Global Hemostatic Sponge market by 2030. Considering Market by End-user, the sub-segment i.e. Hospitals will boost the Hemostatic Sponge market. Considering Market by Component, the sub-segment i.e. Gelatin will boost the Hemostatic Sponge market.
Latest Market Insights:
In February 2023, Baxter International Inc. announced a collaboration with Sangene Inc., a Chinese biotechnology company, to develop and commercialize Sangene's innovative hemostatic sponge, Sangene X-Gel, in select markets outside of China.
In January 2023, Medtronic plc launched its next-generation hemostatic product, QuickFlo Hemostatic Sheeting, designed for broad surgical applications to achieve rapid bleeding control.
What Can be Explored with the Hemostatic Sponge Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hemostatic Sponge Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hemostatic Sponge
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hemostatic Sponge market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hemostatic Sponge market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hemostatic Sponge Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.