According to the current analysis of Reports and Data, the global Hemostasis and Tissue Sealing Agents market was valued at USD 6,421.1 Million in 2020 and is expected to reach USD 12.23 Billion by the year 2028, at a CAGR of 8.30%. Blood loss has always been a concern in surgery. Hemostasis is the formation of blood clots at the site of injury. It is a complex interaction between the platelets plasma proteins and coagulation and fibrinolysis pathways. Platelets provide the initial hemostasis response.
The number of hemostatic agents and tissue sealants have been developed and are currently used in various surgical disciplines all across the world. Hemostasis and tissue sealing agents are used in medical applications and act as a catalyst in blood clotting. This reduces the time required for clotting of the blood and prevents blood loss. An increase in the adoption of advanced technologies and increasing investment in the healthcare infrastructure is expected to drive the market growth in the coming decades. Additionally, the increasing number of diabetic patients, cardiovascular conditions, urological issues, liver problems, and gastrointestinal conditions owing to the changed lifestyle and inappropriate eating habits among the population is expected to raise the number of surgeries. For instance, according to the CDC, these procedures categories made up 72% of procedures performed on females and 67% of those performed on males. It is anticipated to drive the market growth positively for hemostasis and tissue sealing products in the market during the forecast period.
Some of the critical factors responsible for propelling the growth of the Hemostasis and tissue sealing market include increasing need to stop the blood during surgical processes, reduction in blood loss, increased demand for surgeries owing to an increase in chronic disease patients, and an increasing number of road accidents. For instance, according to the WHO, every year approximately 1.35 million people are cut short as a result of a road traffic crash, between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as a result of their injury. Additionally, hemostasis and tissue sealants also help in the healing of the damage. It facilitates healing of the injury ranging from a small cut to serious neurological surgery. However, complications can include allergic reactions and other post-surgery implications, associated side effects, and an increase in surgical processes coupled with high product prices are expected to hinder the market growth during the forecast period.
Market Overview:
The pharma and healthcare industry is at a crossroads. Patients are benefiting from the promise of cell and gene therapies; uncommon diseases that were previously thought to be incurable are on the verge of finding true treatments. Artificial intelligence (AI) and machine-learning technologies are creating hopes that therapy discovery and development would be more innovative, as well as faster and cheaper. Manufacturing, the supply chain, and the entire healthcare ecosystem all have the potential to benefit from data-driven initiatives. Consumer attitudes and behaviours are shifting in a variety of ways, from growing use of technology and willingness to share data to an interest in using tools to make prescription and treatment decisions. Such factors will drive pharma and healthcare market growth in the coming years.
Key Players covered in this report are
Johnson Johnson, C R Bard, Integra Life Sciences, Cohera Medical, Equimedical, CryoLife, Advance Medical, Solution, Smith Nephew, Pfizer, and B Braun Medical Inc.
Type (Revenue, USD Million; 2018–2028)
- Topical Hemostats
- Adhesives Tissue sealants
- Others
Material type (Revenue, USD Million; 2018–2028)
- Collagen Based
- Oxidized Regenerated Cellulose (ORC) based
- Gelatin based
- Polysaccharide Based
- Others
Applications Type (Revenue, USD Million; 2018–2028)
- Minimally invasive surgery
- General Surgery
- Others
End Use (Revenue, USD Million; 2018–2028)
- Hospital
- Ambulatory Surgical Centers
- Home Care Settings
- Others
Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East Africa
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Major Points covered in this report are as below:
• The Hemostasis And Tissue Sealing Agents industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Hemostasis And Tissue Sealing Agents Market report provides key statistics on the market status of the Hemostasis And Tissue Sealing Agents manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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