India Hemostat Market To See Record Break Revenue US$ 64.4 Mn at a CAGR of 5.4% during the forecast period | Ethicon Inc., Aegis Lifesciences. Eucare Pharmaceuticals (P) Ltd

The hemostat is a surgical tool that controls bleeding during a surgical procedure. These tools are typically placed inside the initial incision to close off blood vessels pending ligation. During a laparoscopic surgery, a hemostat can also be used during the first incision. These tools are often used in conjunction with a surgeon’s scissors to ensure proper placement of the ligation.

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India hemostat market is expected to reach US$ 105.1 Mn by the end of 2027. The market was valued at US$ 63.1 Mn in terms of value in 2018.

India Hemostat Market: Drivers

Launch of new products is expected to propel growth of India hemostat market. For example, Baxter International launched its disposable curved applicator in December 2019. The applicator is catered to boost the delivery of its Floseal Hemostatic Matrix product line.

Moreover, low cost of surgeries is also expected to propel growth of India hemostat market. The average hospital charge for a total knee replacement was around US$ 2,800 in India, compared to US$ 49,500 in the U.S.

India Hemostat Market: Opportunities

Increasing funding is expected to offer lucrative growth opportunities for players in India hemostat market. For example, Axio Biosolutions Private Limited raised US$ 5.2 Mn in a series B round in January 2020 to expand its presence in the U.S. and Western Europe.

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Market Trends

High prevalence of blood disorders and increasing geriatric population contribute to growth of India hemostat market. According to the World Health Organization, India recorded 42055 new cases and 32,471 deaths due to leukemia in 2018. Moreover, according to the United Nations April 2019 data, the share of geriatric population in India is expected to increase to nearly 20% in 2050.

Key Takeaways

Surgeries segment was valued at US$ 39.8 million in 2018 in India hemostat market. The segment, at a CAGR of 5.4%, and is expected to reach US$ 64.4 million by 2027.

Mechanical hemostat held dominant position in India hemostat market in 2018, accounting for 88.8% share in terms of value, followed by 2027.

India Hemostat Market: Restraints

There are various factors that limit growth of India hemostat market. Low awareness among medical faculty regarding latest hemostat products, adoption of conventional practices during surgeries, and high cost of hemostat products is are some of these factors.

India Hemostat Market: Competitive Landscape

‣Aegis Lifesciences
‣Axio Biosolutions Private Limited
‣Baxter International
‣Eucare Pharmaceuticals (P) Ltd.
‣Ethicon Inc.
‣Mil Laboratories.

India Hemostat Market: Segmentation

• By Product Form
  • Mechanical
  • Flowable
• By Product Base
  • Gelatin
  • Cellulose
• By Application
  • Surgeries
  • Trauma Cases
• By End User
  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

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Reasons to Purchase This Report

• Current and future of India Hemostat Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Table of Contents

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Purview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Product Form
     • Market Snippet, By Product Base
     • Market Snippet, By Application
     • Market Snippet, By End User
   • Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Impact Analysis
   • Key Developments
   • Technological Advancement
   • Regulatory Scenario
4. India Hemostat Market, By Product Form, 2019 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • Mechanical
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
     • Segment Trends
   • Flowable
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
     • Segment Trends
5. India Hemostat Market, By Product Base, 2019 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • Gelatin
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Cellulose
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
6. India Hemostat Market, By Application, 2019 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • Surgeries
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Trauma Cases
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
7. India Hemostat Market, By End User, 2019 – 2027 (US$ Mn)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017–2027
     • Segment Trends
   • Hospitals
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Ambulatory Surgical Centers
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
   • Cardiac Catheterization Laboratories
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)