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The hemostats and tissue sealants market size is forecast to increase by USD 3.36 billion, at a CAGR of 11.79% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by advancements in bleeding control technologies and their applications across various sectors. These innovations encompass a range of solutions, from gelatin sponges and cellulose-based hemostats to biologic hemostats and drug eluting stents. The market dynamics are shaped by ongoing clinical trials and the integration of bioactive molecules, synthetic hemostats, and absorbable materials into surgical procedures. Bleeding control is a critical aspect of emergency medicine and trauma care, necessitating the development of hemostatic agents with extended shelf life and efficient platelet aggregation mechanisms. The use of autologous blood and platelet-rich plasma in tissue regeneration and wound healing further expands the market's scope.
Capillary leakage and vascular injury are significant challenges in minimally invasive surgery, leading to the exploration of advanced hemostats and surgical sealants. The role of regulatory approvals and anticoagulant reversal in thrombosis prevention and hemorrhage control is also crucial. The market's continuous unfolding is reflected in the ongoing research and development of bioabsorbable materials, oxidized cellulose, collagen sponges, injectable hemostats, and fibrin sealants. The integration of advanced surgical techniques, such as the use of acellular matrix and suture materials, further enhances the market's potential. The market's evolving patterns are shaped by the interplay of various factors, including technological advancements, clinical needs, and regulatory requirements.
The market's future growth is expected to be fueled by the ongoing research and development efforts in the field of hemostasis mechanisms and tissue repair.
The hemostats and tissue sealants industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The hemostats segment is estimated to witness significant growth during the forecast period.
The market encompasses a range of medical devices used to control bleeding and promote wound healing. These products are integral to various surgical procedures, including trauma care, emergency medicine, and minimally invasive surgery. Mechanical hemostats, derived from gelatin, collagen, cellulose, and polysaccharides, act as sponges that swell upon contact with blood, creating a mechanical barrier for blood flow cessation and a surface for rapid clotting. Examples include Pfizer Inc.'s GELFOAM Sterile Sponge and Johnson & Johnson Services Inc.'s SURGICEL Original Absorbable Hemostat. Bioabsorbable materials, synthetic hemostats, and tissue sealants are also significant market segments. Bioactive molecules, such as platelet aggregation promoters and thrombin, are incorporated into some hemostats and tissue sealants to enhance their efficacy.
The coagulation cascade plays a crucial role in hemostasis mechanisms, and factors like factor XIII and anticoagulant reversal agents are essential in this process. Storage conditions are essential for maintaining the efficacy of hemostats and tissue sealants. Regulatory approvals and clinical trials are necessary to ensure safety and efficacy before market release. Innovations in the field include drug eluting stents, vascular injury repair, cell culture, and platelet-rich plasma applications. Surgical techniques, such as wound closure and suture materials, are also influenced by the use of hemostats and tissue sealants. Wound healing and tissue regeneration are crucial aspects of their application, with absorbable hemostats and collagen sponges playing significant roles.
The market is continually evolving, with ongoing research in areas like oxidized cellulose, fibrin sealants, and acellular matrix technologies.
The Hemostats segment was valued at USD 2.07 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is expected to dominate the global landscape due to advanced healthcare infrastructure and an increasing number of surgical procedures. Approximately six million high-bleeding surgeries, including cardiovascular, abdominal, and spine procedures, are carried out annually in the US alone. This region will account for the largest revenue share during the forecast period, with the US and Canada being the major contributors. Advancements in drug delivery systems have led to the development of synthetic hemostats and bioabsorbable materials that enhance bleeding control mechanisms. Bioactive molecules, such as platelet aggregation promoters, are integrated into these hemostats to improve their efficacy.
Tissue sealants, including collagen sponges and fibrin sealants, are used to promote wound closure and tissue regeneration. Clinical trials are ongoing to explore the potential of bioabsorbable hemostats and tissue sealants in minimally invasive surgeries, blood vessel repair, and trauma care. Regulatory approvals for these advanced hemostatic agents are crucial to their market penetration. Factors such as shelf life, storage conditions, and anticoagulant reversal are essential considerations in the development and adoption of these products. The coagulation cascade and hemostasis mechanisms are crucial in understanding the role of hemostats and tissue sealants in hemorrhage control. Biologic hemostats, such as platelet-rich plasma and autologous blood, are gaining popularity due to their potential to minimize capillary leakage and promote tissue healing.
Innovations in surgical techniques, including the use of surgical staplers, injectable hemostats, and oxidized cellulose, are driving the market growth. The integration of hemostatic agents into drug eluting stents and suture materials is also a significant trend. The regulatory landscape for these products is evolving, with an increasing focus on thrombosis prevention and anticoagulant reversal. The market is a dynamic and innovative space, with ongoing research in cell culture, platelet aggregation, and extracellular matrix technology. The market's future potential lies in the development of advanced hemostatic agents that address the challenges of minimally invasive surgeries, emergency medicine, and trauma care.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The hemostats and tissue sealants market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the hemostats and tissue sealants market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, hemostats and tissue sealants market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Advanced Medical Solutions Group Plc - The company specializes in providing hemostats and tissue sealants through its brands, including LiquiBand and ActivHeal.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Hemostats And Tissue Sealants Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.79% |
Market growth 2024-2028 |
USD 3355.8 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
10.23 |
Key countries |
US, Germany, UK, Canada, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Market Segmentation by Material
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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