The Global Absorbable Hemostats market is anticipated to grow at a CAGR of 6.47% during the forecast period from 2021 to 2026. As per DelveInsight analysis, owing to the factors such as rising incidence of spinal ailments, rising focus on blood loss management in patients during surgeries, technological innovation in product development, the Absorbable Hemostats market is witnessing positive growth during the forecast period.
DelveInsight’s Absorbable Hemostats Market Insights and Forecast provides the current and forecasted Absorbable Hemostats market forecasts for the next five years, forthcoming innovation in the devices, individual market shares, challenges, drivers, and barriers, market trends, and key competitors in the market.
Absorbable Hemostats
Absorbable Hemostats are used adjunctively in surgical procedures to assist in the control of capillary, venous, and small arterial hemorrhage when ligation or other conventional methods of control are impractical or ineffective. Although these Absorbable Hemostatic agents have had rare side effects, but proper administration will prevent major consequences.
Furthermore, Absorbable Hemostats can be made of gelatin sponge, plant-based (oxidized regenerated cellulose), collagen, thrombin, fibrin sealant, and synthetic sealants. These are offered as powder, sheets, or sponges.
Absorbable Hemostats Market Insights
North America is expected to account for the largest share in the Global Absorbable Hemostats market among all the regions. The growing number of spine-related disorders among others will also increase the market size in the United States. Further, the rising adoption of Absorbable Hemostats in the country would result in the rising demand for treatments that make use of Absorbable Hemostats, which in turn would provide a conducive growth environment for the United States Absorbable Hemostats market as well as the North American region.
Moreover, a rising focus on blood loss management in patients during surgeries will lead to an increase in the demand for absorbable hemostats, thereby leading to traction in the overall Absorbable Hemostats market. In addition, product approvals pertaining to Absorbable Hemostats will also lead to an increase in the demand for absorbable hemostats.
Thus, the interplay of all the aforementioned factors is likely to fuel the market growth of Absorbable Hemostats in the United States during the forecast period.
To know more about why North America is leading the Absorbable Hemostats market, get a snapshot of the report Absorbable Hemostats market analysis
Recent Updates in the Absorbable Hemostats Market
- On February 23, 2021, FDA had approved EndoClot® Hemostat to Manage GI Bleeding.
- On March 25, 2020, Ethicon, part of the Johnson & Johnson Medical Devices Companies, announced the strategic regional launch of SURGICEL® POWDER ABSORBABLE HEMOSTAT in Australia, New Zealand, and Thailand.
- On January 09, 2018, Ethicon announced the US launch of SURGICEL® POWDER ABSORBABLE HEMOSTAT, a powdered adjunctive hemostat that was designed to help surgeons control disruptive bleeding more efficiently.
Interested in knowing about the advancements in the Absorbable Hemostats market? Click to get a snapshot of Absorbable Hemostats Manufacturers
Key Players in the Absorbable Hemostats Market
Some of the leading Absorbable Hemostats companies include B.Braun, Baxter, Johnson & Johnson, BD, Cura Medical, GELITA MEDICAL, Curasan AG, Meril Life Sciences, Zhonghui Shengxi, Beijing Datsing Bio-tech, Guizhou Jin Jiu Biotech, Beijing Taikesiman, Foryou Medical, Saikesaisi Holdings Group, Biotemed, Hangzhou Singclean Medical Products, Teleflex Incorporated, Hemostasis, LLC, Stryker, Samyang Holdings Corporation, and others are currently operating the Absorbable Hemostats market.
COVID-19 Impact On Absorbable Hemostats Market
In recent times, countries are facing a huge threat of COVID-19 (Coronavirus). Moreover, the World Health Organization (WHO) listed it as a potential global health threat and declared it as a pandemic. According to the WHO, globally, as of 31 January 2022, there have been 373,229,380 confirmed cases of COVID-19, including 5,658,702 deaths.
As a result, the unprecedented COVID-19 outbreak had a profound impact on the Absorbable Hemostats market. Owing to the lockdown restrictions posed during the COVID-19 pandemic, there were reduced patient visits and all other surgical procedures were temporarily paused, giving more attention to the COVID-19 inflicted patient. However, the launch of various vaccines has resumed normal operations further leading to the growth of the Absorbable Hemostats market during the post-pandemic.
To discuss more about the short/long-term impact of COVID-19, get a snapshot of the report Absorbable Hemostats Assessment
Scope of the Absorbable Hemostats Market Report:
- Geography Covered: Global
- Study Period: 2021-2026
- Market Segmentation By Type: Thrombin-Based Hemostats, Oxidized Regenerated Cellulose-Based Hemostats, Gelatin-Based Hemostats, Collagen-Based Hemostats, and Others
- Market Segmentation By Formulants: Matrix & Gel Hemostats, Sponge Hemostats, Powder Hemostats, and Others
- Market Segmentation By Application: Neurosurgery, Orthopedic Surgery, General Surgery, Reconstructive Surgery, and Others
- Market Segmentation By End-Users: Hospitals And Clinics, Ambulatory Surgical Centers, and Others
- Market Segmentation By Geography – North America, Europe, Asia-Pacific, and Rest of World
- Leading Absorbable Hemostats Companies: B.Braun, Baxter (NYSE: BAX), Johnson & Johnson (NYSE: JNJ), BD (NYSE: BDX), Cura Medical, GELITA MEDICAL, Curasan AG (CURK.DE), Meril Life Sciences, Zhonghui Shengxi, Beijing Datsing Bio-tech, Guizhou Jin Jiu Biotech, Beijing Taikesiman, Foryou Medical, Saikesaisi Holdings Group, Biotemed, Hangzhou Singclean Medical Products, Teleflex Incorporated (NYSE: TFX), Hemostasis, LLC, Stryker (NYSE: SYK), Samyang Holdings Corporation (KRX: 000070), and others.
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Table of Contents
| 1 | Report Introduction |
| 2 | Executive Summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Absorbable Hemostats Market Key Factors Analysis |
| 5 | Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Absorbable Hemostats Market |
| 7 | Absorbable Hemostats Market Layout |
| 8 | Global Company Share Analysis – Key 3-5 Companies |
| 9 | Absorbable Hemostats Market Key Companies and Product Profiles |
| 10 | Project Approach |
| 11 | KOL Views |
| 12 | DelveInsight Capabilities |
| 13 | Disclaimer |
| 14 | About DelveInsight |
To get a deeper understanding of key companies and devices, get a snapshot of the Absorbable Hemostats Regulatory and Patent Analysis
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