Hemostasis Products Market is expected to reach a valuation of US$ 2638 Million by 2032, at a CAGR of 5.3% | FMI

The global Hemostasis Products Market is expected to be worth US$ 1580 million in 2022. The market is expected to be worth US$ 2638 million between 2022 and 2032, at a CAGR of 5.3%. The rising prevalence of chronic blood disorders can be attributed to the market’s expansion.

High-level technological advancements, strong economies, and a swarming pool of patients with a variety of blood disorders are the chief factors that will boost the market for hemostasis products in the near future. The leading causes of surgeries are cardiovascular disease and stroke, cancer, and injury. And any surgical procedure can develop severe complications and result in uncontrollable bleeding thus increasing the demand for hemostasis products.

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 and 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 market. Several emerging economies are making significant developments in their technological sector, thereby, providing lucrative opportunities to players in the market.

Key Takeaways:

• The global hemostasis products market 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 hemostasis products market over the forecast period”

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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 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

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