How Does the European Hemostasis Products Market Upsurge the Market Growth?

The Hemostasis Products Market is poised for robust growth, driven by the increasing need for effective bleeding management solutions. A recent analysis by Future Market Insights (FMI) forecasts a consistent Compound Annual Growth Rate (CAGR) of 5.3% from 2023 to 2033. This translates to a projected market valuation of a staggering US$2.65 billion by 2033, reflecting a significant rise from the estimated US$1.58 billion in 2023.

Prominent technical developments, robust economies, and an abundance of patients suffering from a range of blood diseases are the main reasons that will propel the hemostasis product market shortly. Cardiovascular disease, stroke, cancer, and trauma are the main reasons for surgery. Additionally, any surgical treatment has the risk of serious complications and uncontrollable heavy bleeding, which drives up demand for hemostasis supplies.

The rapidly growing medical tourism sector coupled with the high investment made by governments of various countries towards the growth of the healthcare sector will provide lucrative opportunities for the growth of the market. The high expenses related to hemostasis products stringent regulatory policies and the use of off-label products are projected to restrain the market’s growth over the forecast period.

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The topical hemostasis product segment is likely to offer remunerative opportunities for the Global Hemostasis Products Industry. Several emerging economies are making significant developments in their technological sector, thereby, providing lucrative opportunities to players in the market.

Hemostasis Products Market Key Takeaways:

• The Global Hemostasis Products Industry is estimated at USD 1,501 Million in 2021
• By product, the topical hemostat segment accounts for a market share of 68.5% in 2021
• By application, the myocardial infarction segment accounts for the highest market share of 19.5% during the forecasting period.
• Market in the U.S. to procure a market share of 29.5% during the assessment period.

“The increasing number of trauma and surgical cases, technological advancements in the fields of hemostasis products, and an increase in the prevalence of blood disorders are expected to fuel the demand for Global Hemostasis Products Industry over the forecast period” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)

Hemostasis Products Market Competitive Landscape

• Medtronic
• Johnson & Johnson
• Baxter International
• Pfizer Inc.
• Becton Dickinson and Company (BD)
• B. Braun Melsungen AG
• Tricol Biomedical
• Hemostasis LL
• Teleflex Incorporated
• CuraMedical BV

Recent updates from the industry are:

• In July 2021- Baxter International Inc. announced its Baxter Healthcare Corporation subsidiary has completed the acquisition of certain assets related to PerClotPolysaccharide Hemostatic System from CryoLife, Inc. The transaction reinforces Baxter’s strategy of acquiring products and technologies that both complement and augment the company’s leading portfolio across the hospital, including in the operating room. PerClot has a global commercial presence with sales in more than 35 countries worldwide.
• Hemostasis is committed to producing high-quality medical devices that are safe and effective for their intended use. Hemostasis introduced. BoneSeal bone hemostat is a new-generation, absorbable solution providing immediate and long-term hemostasis without immediately dissolving. BoneSeal hemostat works quickly and delivers better results for you and your patients.

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Key Segments Covered in the Global Hemostasis Products Industry Analysis

Hemostasis Products Market by Product:

• Topical Hemostasis Products
  • Gelatin
  • Polysaccharides
  • Oxidized Regenerated Cellulose
  • Collagen
• Infusible Hemostasis Products
  • Platelet Concentrate from Donor Blood
  • Fresh Frozen Plasma (FFP)
  • Factor VIII
  • Prothrombin
• Advanced Hemostasis Products
  • Flowable
  • Thrombin
  • Synthetic Sealants
  • Fibrin

Hemostasis Products Market by Application:

• Hemostasis Products for Trauma
• Hemostasis Products for Surgery
• Hemostasis Products for Hemophilia
• Hemostasis Products for Myocardial Infarction
• Hemostasis Products for Others

Hemostasis Products Market by End Use:

• Hemostasis Products in Hospitals
• Hemostasis Products in Ambulatory Surgical Centers
• Hemostasis Products in Others