Hemostats and Tissue Sealants Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR40802
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The hemostats and tissue sealants market size has the potential to grow by USD 1.50 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 9.73%. 

This report provides a detailed analysis of the market by product (hemostats, tissue sealants and adhesives, and fibrin sealants), geography (Asia, Europe, North America, and ROW), and key vendors. 

Market Overview

Hemostats-And-Tissue-Sealants-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Advanced Medical Solutions Group Plc
  • B. Braun Melsungen AG
  • Baxter International Inc.
  • Becton, Dickinson and Co.
  • CryoLife Inc.
  • Integra LifeSciences Corp.
  • Johnson & Johnson
  • Medtronic Plc
  • Pfizer Inc.
  • Teleflex Inc.

 

The hemostats and tissue sealants market is concentrated and the vendors are deploying growth strategies such as strengthening their market presence in existing geographies and expanding their operations to new geographies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the use of hemostats and tissue sealants in surgeries to achieve growth opportunities. However, factors such as limitations and disadvantages of hemostats and tissue sealants will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the hemostats and tissue sealants market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This hemostats and tissue sealants market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Hemostats and Tissue Sealants Market: Key Drivers and Trends

  • The use of hemostats and tissue sealants in surgeries will fuel the growth of the hemostats and tissue sealants market size. 
  • Hemostats help in reducing blood loss during surgeries, while the use of surgical sealants can help seal suture lines and prevent leaks.
  • In comparison to conventional methods such as sutures and wires, the use of hemostats helps achieve hemostasis in a shorter time, inflicts lesser pain to patients, and does not require removal.
  • The intraoperative use of hemostatic agents and tissue sealants has significantly increased in minimally invasive surgeries and percutaneous interventional procedures. Owing to such benefits, hemostats and tissue sealants are finding increased applications in surgeries.
  • The increasing prevalence of chronic diseases and related risk factors is one of the significant factors responsible for hemostats and tissue sealants market growth.
  • Globally, the prevalence of chronic diseases such as CVD, cancers, diabetes, and chronic lung diseases and their related risk factors is steadily on the rise. 
  • The prevalence of chronic diseases significantly increases with age. Furthermore, the risk factors associated with smoking, alcohol abuse, physical inactivity, and unhealthy diets are also on the rise, which can lead to an increase in the number of related diseases.
  • The number of surgeries being performed globally is steadily increasing. Thus, there is an increase in demand for hemostats and tissue sealants, which, in turn, is expected to drive market growth.

 

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Hemostats and Tissue Sealants Market: Segmentation by Geography

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45% of the market’s growth will originate from North America during the forecast period. The US is a key market for hemostats and tissue sealants in North America. However, market growth in this region will be slower than the growth of the market in Europe.

The availability of advanced healthcare infrastructure and the rising number of surgical procedures will facilitate the hemostats and tissue sealants market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Hemostats and Tissue Sealants Market: Segmentation by Product

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The hemostats segment is expected to grow steadily during the forecast period. This is mainly attributed to the increasing demand for hemostats in surgical procedures and the growing awareness about the clinical benefits of hemostats. Furthermore, several vendors are increasing their R&D focus on developing technologically advanced hemostats. 

Fetch actionable market insights on post COVID19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the hemostats and tissue sealants market size.

 

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Hemostats and Tissue Sealants Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive hemostats and tissue sealants market growth during the next five years
  • Precise estimation of the hemostats and tissue sealants market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hemostats and tissue sealants industry across Asia, Europe, North America, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hemostats and tissue sealants market vendors

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Hemostats And Tissue Sealants Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10%

Market growth 2021-2025

$ 1.50 billion

Market structure

Concentrated

YoY growth (%)

9.17

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 45%

Key consumer countries

US, Germany, Japan, China, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Advanced Medical Solutions Group Plc, B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Co., CryoLife Inc., Integra LifeSciences Corp., Johnson & Johnson, Medtronic Plc, Pfizer Inc., and Teleflex Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Hemostats - Market size and forecast 2020-2025
    • Tissue sealants and adhesives - Market size and forecast 2020-2025
    • Fibrin sealants - Market size and forecast 2020-2025
    • Impact of COVID-19 pandemic and recovery by product
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • Asia - Market size and forecast 2020-2025
      • ROW - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor Landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Advanced Medical Solutions Group Plc
      • B. Braun Melsungen AG
      • Baxter International Inc.
      • CryoLife Inc.
      • Integra LifeSciences Corp.
      • Johnson & Johnson
      • Medtronic Plc
      • Pfizer Inc.
      • Teleflex Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The hemostats and tissue sealants market growth will increase by $1496.10 million during 2020-2025.
      The hemostats and tissue sealants market is expected to grow at a CAGR of 9.73% during 2020-2025.
      Technavio has segmented the hemostats and tissue sealants market by product (Hemostats, Tissue sealants and adhesives, and Fibrin sealants) and geographic (North America, Europe, Asia, and ROW).
      Advanced Medical Solutions Group Plc, B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Co., CryoLife Inc., Integra LifeSciences Corp., Johnson & Johnson, Medtronic Plc, Pfizer Inc., Teleflex Inc. are a few of the key vendors in the hemostats and tissue sealants market.
      North America will register the highest growth rate of 44.71% among the other regions. Therefore, the hemostats and tissue sealants market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the hemostats and tissue sealants market growth are:
      • Use of hemostats and tissue sealants in surgeries
      The hemostats and tissue sealants market vendors should focus on grabbing business opportunities from the hemostats segment as it accounted for the largest market share in the base year.
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