Increasing prevalence of chronic diseases and rising geriatric population is expected to drive the demand for hemostasis products. Moreover, advancements in technology and continuous research and development activities are likely to fuel market growth. Additionally, the growing number of surgeries and trauma cases worldwide is anticipated to boost the market for hemostasis products.
Report Coverage | Details |
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Segments Covered | Product, Application, End use |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Terumo, Baxter International,, Sysmex Asia Pacific Pte.., Abbott Healthcare Private Limited, CSL Behring LLC, Grifols, S.A., Dexur Inc |
High cost associated with hemostasis products and lack of awareness among healthcare professionals in some regions may hinder market growth. Additionally, stringent regulations and approval processes for hemostasis products can act as a barrier for market expansion.
Asia Pacific: The hemostasis products market in Asia Pacific is anticipated to witness rapid growth, driven by the increasing healthcare expenditure, growing surgical procedures, and rising awareness about the benefits of hemostasis products. Countries like China, Japan, and South Korea are expected to be the major markets in the region.
Europe: The hemostasis products market in Europe is projected to experience significant growth owing to the presence of a well-established healthcare infrastructure and increasing demand for minimally invasive procedures. The United Kingdom, Germany, and France are likely to be the key contributors to the market growth in the region.
Topical hemostasis products are expected to witness significant growth in the hemostasis products market, driven by their ease of use and effectiveness in controlling bleeding at the site of application. These products are commonly used in surgical procedures and trauma cases, making them a key segment in the market.
Infusible Hemostasis:
Infusible hemostasis products are anticipated to show steady growth, particularly in the treatment of hemophilia and other bleeding disorders. The demand for these products is expected to increase as advancements in infusion technology improve delivery methods and efficacy.
Advanced Hemostasis:
The advanced hemostasis segment is projected to experience strong growth due to the increasing prevalence of conditions such as myocardial infarction that require advanced hemostasis products for treatment. These products offer improved hemostatic control and better patient outcomes in critical care settings.
Surgery:
The surgery application segment is expected to dominate the hemostasis products market, driven by the increasing number of surgical procedures performed globally. Hemostasis products play a crucial role in minimizing blood loss during surgeries, leading to improved patient outcomes and reduced healthcare costs.
Trauma:
The trauma application segment is anticipated to witness significant growth, fueled by the rising incidence of traumatic injuries and accidents worldwide. Hemostasis products are vital in controlling bleeding in emergency situations, making them essential in trauma care.
Hemophilia:
The hemophilia application segment is poised for steady growth, supported by advancements in hemostasis products tailored for managing bleeding in patients with hemophilia. The introduction of novel therapies and improved treatment options are expected to drive market growth in this segment.
Myocardial Infarction:
The myocardial infarction application segment is projected to register strong growth, fueled by the increasing prevalence of cardiovascular diseases globally. Advanced hemostasis products play a crucial role in managing bleeding complications in myocardial infarction patients, contributing to better clinical outcomes.
Hospitals:
The hospitals end-use segment is expected to remain the largest consumer of hemostasis products, driven by the high volume of surgical procedures and trauma cases treated in hospital settings. The continuous demand for hemostasis products in hospitals for various applications is likely to sustain market growth in this segment.
Ambulatory Surgical Center:
The ambulatory surgical center end-use segment is anticipated to witness rapid growth, supported by the increasing shift towards outpatient surgical procedures and the rising emphasis on cost-effective healthcare delivery. Hemostasis products play a vital role in ensuring safe and efficient surgery outcomes in ambulatory settings, driving demand in this segment.
Top Market Players:
1. Johnson & Johnson
2. Abbott Laboratories
3. Siemens Healthineers
4. F. Hoffmann-La Roche AG
5. Thermo Fisher Scientific Inc.
6. Bio-Rad Laboratories, Inc.
7. Sysmex Corporation
8. Danaher Corporation
9. Grifols, S.A.
10. Terumo Corporation