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Global Hemostats Market by Growth, Trends and Forecasts 2017- 2024

Global Hemostats Market is expected to reach USD 4.5 billion by 2024 from USD 2.7 billion in 2017, at a CAGR of 6.6% in the forecast period 2024
Rubin McCarter | 31.08.2018
Global Hemostats Market is expected to reach USD 4.5 billion by 2024 from USD 2.7 billion in 2017, at a CAGR of 6.6% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2017 and the forecast period is 2017 to 2024.

Drivers:

Some of the major factors driving the hemostats market are increasing number of minimally invasive surgeries, chronic conditions and aging population leading to increase in number of surgical procedures, expansion in healthcare infrastructure and expenditure, and technological advancements.

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Segmentation:

By Type (Thrombin Based, Combination, Oxidized Regenerated Cellulose Based, Gelatin Based, Collagen Based Hemostat),
By Application (Wound Closure, Surgery),
By Distribution Channel (Direct Tenders, Retail),
By End-User (Hospitals, Clinics, Ambulatory Centers, Community Healthcare, Others),
By Geography (North America, Europe, Asia-Pacific, South America, Middle East Africa)

Major Players: Global Hemostats Market

Some of the major players operating in this market are

Pfizer,
C.R. Bard,
Baxter,
Vascular Solutions, Inc.,
B.Braun Melsungen,
3-D Matrix, Ltd.,
Resorba Medical GmbH (an Advanced Medical Solutions Group plc Company),
Anika Therapeutics, Inc.,
Arch Therapeutics Inc.,
Biom’Up SAS,
CryoLife, Inc.,
Gamma Therapeutics, Inc.,
Hemostasis,
LLC,
MedTrade Products Limited,
Integra LifeSciences Corporation,
Medline Industries, Inc.,
HEMOTEC MEDICAL GMBH,
Stryker,
CSL Behring,
Mallinckrodt and
Equimedical,
B.V. among other companies.
CHRONIC CONDITIONS AND AGING POPULATION LEADING TO INCREASE IN NUMBER OF SURGICAL PROCEDURES

Hemostats are vital in any surgical process or acts as a foundational component of healthcare systems.

Growing geriatric population has resulted in increase in cases of acute and chronic diseases.

Older population is more prone to diseases such as diabetes, infections, cardio metabolic risks and cancer leading to more number of surgeries, which is driving the growth of the hemostats market.

TECHNOLOGICAL ADVANCEMENTS

The key players are investing in development of safe and efficacious agents to meet surgical demand as more minimally invasive and technically challenging operations are being undertaken by surgeons.

Advances in hemostatic agents and techniques are manufactured which addresses the unique bleeding challenges encountered in vascular surgery patients.

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