Sep 10, 2018   SOURCE: PR NewsWire

Hemostats Market Worth $3.03 Billion by 2023

PUNE, India, September 10, 2018 /PRNewswire/ --

According to a new market research report "Hemostats Market by Product (Thrombin, Oxidised Regenerated Cellulose, Combination, Gelatin, Collagen), Application (Gynecology, Neurology, Cardiovascular, Reconstructive), Formulation (Powder, Matrix & Gel, Sheets & Pads) - Global Forecast to 2023", published by MarketsandMarkets(TM), the market is expected to reach USD 3.03 billion by 2023 from USD 2.27 billion in 2018, at a CAGR of 6.0%.

(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

For more Insights on this report, Speak to Our Analyst: 

https://www.marketsandmarkets.com/speaktoanalyst.asp?id=9571619 [https://www.marketsandmarkets.com/speaktoanalyst.asp?id=9571619&utm_source=prnewswire&utm_medium=referral&utm_campaign=paidpr ]

Growth in this market is driven by the increasing number of surgical procedures, growing number of regulatory approvals, increasing incidence of sports-related injuries and spinal ailments, and rising focus on effective blood loss management in patients during surgeries. In addition, the emerging markets and growth in the number of hospitals and surgical centers are expected to offer further growth opportunities for players operating in the Hemostats Market. On the other hand, high cost of hemostats and dearth of skilled professionals are expected to hinder the growth of this market.

Browse and in-depth TOC on "Hemostats Market"

101   - Tables 

28 - Figures  

140 - Pages  

https://www.marketsandmarkets.com/Market-Reports/hemostats-market-9571619.html [https://www.marketsandmarkets.com/Market-Reports/hemostats-market-9571619.html?utm_source=prnewswire&utm_medium=referral&utm_campaign=paidpr ]

The thrombin-based hemostats segment is expected to account for the largest share of the market in 2018. 

Based on product, the Hemostats Market is segmented into thrombin-based hemostats, oxidized regenerated cellulose-based hemostats, combination hemostats, gelatin-based hemostats, and collagen-based hemostats. Of all these product segments, the thrombin-based hemostats segment is expected to account for the largest share of the global Hemostats Market in 2018. The large share of this market segment can primarily be attributed to the wide range of advantages associated with the use of thrombin-based hemostats.

In 2018, the orthopedic surgery segment is expected to dominate the Hemostats Market 

On the basis of application, the Hemostats Market is segmented neurological surgery, cardiovascular surgery, general surgery, orthopedic surgery, gynecological surgery, reconstructive surgery, and other surgeries. The orthopedic surgery segment is expected to account for the largest share of the Hemostats Market in 2018. The growing geriatric population, increasing incidence of sports injuries, and the growing prevalence of lifestyle disorders (such as arthritis, osteoporosis, and obesity) are some of the major factors responsible for the growth in the number of orthopedic surgeries performed globally. The growing number of orthopedic surgeries is in turn expected to support the growth of dependent markets, such as the Hemostats Market for orthopedic applications.

In 2018, North America to command for the largest market share 

On the basis of region, the Hemostats Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2018, North America is expected to account for the largest share of the global Hemostats Market. The Hemostats Market in North America is well-established, with the US being a major market in this region. Growth in the North American market is majorly driven by the growing geriatric population and increasing number of surgeries in the region.

The major players in the Hemostats Market include CR Bard, Inc. (US), B. Braun Melsungen AG (Germany), Baxter International, Inc. (US), Integra LifeSciences (US), Marine Polymer Technologies, Inc. (US), Teleflex (US), Ethicon, Inc. (US), Pfizer, Inc. (US), Z-Medica LLC (US), and Gelita Medical GmbH (Germany).

Request for PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=9571619 [https://www.marketsandmarkets.com/pdfdownload.asp?id=9571619&utm_source=prnewswire&utm_medium=referral&utm_campaign=paidpr ]

About MarketsandMarkets(TM)  

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. 

        

        Contact: 
        Mr. Shelly Singh 
        MarketsandMarkets(TM) INC. 
        630 Dundee Road 
        Suite 430 
        Northbrook, IL 60062 
        USA: +1-888-600-6441 
        Email: sales@marketsandmarkets.com

 

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/hemostats-market.asp 


    Photo: 
    https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets