Sarasota, FL, Dec. 12, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Hemostasis Products Market (Topical Hemostasis, Infusible Hemostasis, and Advanced Hemostasis) for Trauma, Surgery, Hemophilia, Myocardial Infarction, Stroke, and Thrombosis Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 - 2021” . According to the report, the global hemostasis products market was valued at approximately USD 5.30 billion in 2015 and is expected to reach approximately USD 6.70 billion by 2021, growing at a CAGR of around 4.0% between 2016 and 2021.
Hemostasis is a process which helps to cease the bleeding and keep blood within a damaged blood vessel. Hemostasis products are medical products used to stop bleeding and hemorrhage caused by injuries and surgical procedures. These products vary based on their mechanism of action, ease of application, composition, immunogenicity, adherence to tissue, and cost.
Browse through 27 Market Tables and 18 Figures spread over 110 Pages and in-depth TOC on “Global Hemostasis Products Market: By Product, Application, Industry Size, Share, Trends, Segment, Analysis, and Forecast 2015-2021”.
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The hemostasis product market is anticipated to witness noticeable growth over the next six years on account of growing demand supported by rising surgery volumes. Moreover, rapid growth in geriatric population base and rising prevalence of chronic conditions are other impacts rendering drivers of hemostasis product market. According to the CDC statistics, more than 45% of the American population suffers from at least one chronic condition requiring important care. However, slow adoption of advanced hemostasis instruments in emerging economies and the high cost of devices may curb the market growth in the near future.
Nonetheless, emerging market in developing countries is expected to open up new growth avenues within the forecast period. Some of the key product in this market includes topical hemostasis, infusible hemostasis, and advanced hemostasis. The topical hemostats are further classified into collagen, oxidized regenerated cellulose, gelatin, and polysaccharide. Infusible hemostasis includes platelet concentrates from donor blood, FVIII derived from blood, fresh frozen plasma, and prothrombin complex. Topical hemostats were the leading segment and it accounted for significant share of total revenue generated in 2015. Topical hemostats are generally used in adjunction with conventional treatment to provide minimal tissue reactivity, quick and easy absorbability of the hemostatic agent, non-antigenicity, and cost-efficiency. Infusible hemostasis and advanced hemostasis are expected to witness exponential growth over the forecast period.
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Based on application, the market can be segmented into trauma, surgery, hemophilia, myocardial infarction, stroke, and thrombosis. Bleeding control is an important aim in surgery. Surgery and trauma are expected to be the fastest-growing segment. More than 80% of trauma deaths that occur in the operating room do so as a result of hemorrhage. Traumatic injury is a major global health problem, accounting for approximately 1 in 10 deaths worldwide.
North America region dominated the overall hemostasis products market and this region accounted for the largest share of the market in terms of revenue in 2015. This trend is expected to continue in the years to come. Increasing healthcare expenditure and technological advancement to provide innovative products are expected to drive the market growth in the near future. Thus, this region is expected to witness a significant growth in the hemostasis products market within the forecast period.
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Asia Pacific is expected to be a lucrative market over the next few years on account of increased medical tourism and surgical procedures. Furthermore, hemostasis products market has the huge opportunity in the emerging markets of Asia Pacific due to the increasing aging population, rising health awareness and increasing investment in the healthcare sector especially in China and India.
Europe was another leading regional hemostasis products market in 2015. Europe hemostasis products market is expected to be driven due to the rise in geriatric population base, which is expected to ultimately lead to higher number of surgeries. Moreover, growth in this region is attributed to increasing concern regarding health among people.
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The Middle East & Africa is expected to witness the significant growth in coming years. The rapid growth of hemostasis products market will be driven by the increasing healthcare awareness coupled with advancement in technology. Latin America is another important regional market and is expected to experience significant growth over the forecast period. The growth is mainly due to the increasing demand for soft tissue repair treatment coupled with technological advancement. Thus, all aforementioned parameters are expected to propel the market growth in this region.
Some of the key players in the market such as Pfizer, Inc., Medtronic plc, Abbott Laboratories, Johnson & Johnson, Integra LifeSciences Corporation, HemCon Medical Technologies, Inc., Grifols, S.A., CSL Behring LLC, C. R. Bard, Inc. and Baxter International, Inc.
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This report segments the global hemostasis products market as follows: Global Hemostasis Products Market: Product Segment Analysis
- Topical Hemostasis
- Collagen
- Oxidized Regenerated Cellulose
- Gelatin
- Polysaccharide
- Infusible Hemostasis
- Platelet Concentrates from Donor Blood
- FVIII Derived from Blood
- Fresh Frozen Plasma
- Prothrombin Complex
- Advanced Hemostasis
- Flowable
- Thrombin
- Fibrin
- Synthetic Sealants
Global Hemostasis Products Market: Application Segment Analysis
- Trauma
- Surgery
- Hemophilia
- Myocardial Infarction
- Stroke
- Thrombosis
Global Hemostasis Products Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East & Africa
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