According to the current analysis of Reports and Data, the global Hemostasis and Tissue Sealing Agents market was valued at USD 3.63 billion in 2018 and is expected to reach USD 6.76 billion by the year 2026, at a CAGR of 8.1%. 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.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Johnson & Johnson, C R Bard, Integra Life Sciences, Cohera Medical, Equimedical, CryoLife, Advance Medical, Solution, Smith & Nephew, Pfizer, and B Braun Medical Inc.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Hemostasis And Tissue Sealing Agents market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Hemostasis And Tissue Sealing Agents industry, the market is segmented into:
Type (Revenue, USD Million; 2016–2026)
- Topical Hemostats
- Adhesives & Tissue sealants
Material type (Revenue, USD Million; 2016–2026)
- Collagen Based
- Oxidized Regenerated Cellulose (ORC) based
- Gelatin based
- Polysaccharide Based
Applications Type (Revenue, USD Million; 2016–2026)
- Minimally invasive surgery
- General Surgery
End Use (Revenue, USD Million; 2016–2026)
- Ambulatory Surgical Centers
- Home Care Settings
The regional analysis covers:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Benefits of Hemostasis And Tissue Sealing Agents Market Report:
- Panoramic overview of the opportunities and risks in the Hemostasis And Tissue Sealing Agents sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Hemostasis And Tissue Sealing Agents industry
- In-depth assessment of the competitive landscape of the key players of the Hemostasis And Tissue Sealing Agents industry
- Analysis of the Hemostasis And Tissue Sealing Agents market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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