Indian Hemostat Market Projected to Grow at 5.8% CAGR, Expected to Reach New Heights by 2025

The Indian hemostat market, valued at USD 54.1 million in 2015, is expected to experience steady growth, expanding at a compound annual growth rate (CAGR) of 5.8% between 2016 and 2025. This growth is largely driven by continuous advancements in hemostat products and their increasing adoption by medical professionals and surgeons across the country.

The rising number of surgeries and trauma cases, fueled by an aging population and a higher incidence of chronic diseases, is contributing to the heightened demand for hemostatic agents. These products are crucial in controlling bleeding during surgeries, which has led to greater acceptance and usage within India’s healthcare system.

Technological innovations, such as the development of more efficient and safer hemostat products, are further boosting market growth. Additionally, the increasing awareness and emphasis on patient safety are propelling the adoption of advanced hemostatic solutions across various healthcare settings.

A Full Report Overview – https://www.futuremarketinsights.com/reports/india-hemostat-market

Key Takeaways:

• Market Growth: The Indian hemostat market is expected to expand at a 5.8% CAGR from 2016 to 2025.
• Increasing Surgical Procedures: Growth is driven by the rise in surgeries and trauma cases across India.
• Technological Advancements: Innovations in hemostatic products are improving effectiveness and safety, fueling their adoption.
• Growing Healthcare Adoption: Surgeons and medical practitioners are increasingly utilizing hemostats to ensure better patient outcomes.

Growth Drivers

1. Advancements in Hemostat Products: Continuous innovations in hemostatic agents improve their effectiveness and usability, encouraging adoption in surgical settings.
2. Increase in Surgeries and Trauma Cases: A growing number of surgical procedures and trauma incidents necessitate effective hemostatic solutions, driving market demand.
3. Adoption by Medical Practitioners: Increased awareness and training among healthcare professionals regarding the benefits of hemostatic agents contribute to their rising usage.

Market Dynamics

Economic factors such as rise in disposable income and provision of medical reimbursement policies are expected to drive market growth in the country. Surgeons shifting from traditional to new conventional methods for blood clotting is fuelling growth of hemostat market in India. However, various factors such as lower awareness of hemostat, high priced products and government regulations for hemostat is expected to inhibit market growth.

Key Players

Key market players covered in this report are Johnson and Johnson (Ethicon), Baxter, Aegis Lifesciences, Eucare Pharmaceuticals and Mil Laboratories.

Key Segments Covered

Segmentation on basis of Product Type:

• Mechanical type
• Flowable type

Segmentation on basis of Product Material Base:

• Gelatin
• Oxidized cellulose

Segmentation on basis of Application:

• Surgery
• Trauma cases

Segmentation on basis of Distribution Channel:

• Hospitals
• Ambulatory Surgical Centers
• Clinics
• Online Channels

Segmentation on basis of Geography:

• India

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube