Global Hemostatic Agents Market Overview:
Hemostasis is defined as the stoppage of bleeding, hemorrhage, or blood flow through a blood vessel or body part. Hemostatic agents improve hemostasis by improving primary hemostasis, stimulating fibrin formation, or inhibiting fibrinolysis. When conventional methods do not control bleeding at that time hemostatic agents are beneficial as adjunctive therapy during surgical procedures. Although rare adverse effects have happened with these agents, their careful administration will avoid serious adverse outcomes.
As per latest study released by AMA Research, the Global Hemostatic Agents market is expected to see growth rate of 8.8%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:
Rising Healthcare Expenditures
Market Growth Drivers:
Rise in Surgical Procedures and Increasing the Incidence of Hemorrhage during Surgery
Challenges:
Unintentional Intravascular Clotting Leading to Stroke
Restraints:
High Costs of Surgical Procedures
Opportunities:
Advancements in the Healthcare Facilities
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Johnson & Johnson Services, Inc. (United States), Baxter International Incorporation (United States), C.R. Bard Incorporation (United States), B.Braun Melsungen AG (Germany), Advanced Medical Solutions Group (United Kingdom), CuraMedical B.V. (Netherlands), Stryker (United States), Integra Life Sciences (United States), Becton Dickinson (United States), Pfizer Inc. (United States) and Medtrade Products Ltd (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Integra Life Sciences (United States), Medtronic (Ireland), CryoLife Inc. (United States) and LinxObere Medizintechnik GmbH (Germany). Analyst at AMA Research see United States Players to retain maximum share of Global Hemostatic Agents market by 2030. Considering Market by End-User, the sub-segment i.e. Hospitals will boost the Hemostatic Agents market.
Latest Market Insights:
In 2021, Baxter International acquired NxTherapeutics, a developer of innovative hemostatic agents for surgical and interventional procedures. This acquisition strengthened Baxter's portfolio in bleeding management solutions.
In 2023, Medtronic launched its next-generation hemostatic patch, Tachosil Fibrin Sealant Patch, designed for broader surgical applications. This product offers faster application and improved handling compared to previous versions.
What Can be Explored with the Hemostatic Agents Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hemostatic Agents Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hemostatic Agents
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 Agents 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 Agents 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 Manufacturers of Hemostatic Agents, Suppliers of Hemostatic Agents, Wholesalers, Distributors and Retailers of Hemostatic Agents, Healthcare Industry, Research Firms and Governmental Bodies.
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.