Hemostats Market Size is expected to reach USD 4.5 billion by 2024

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Hemostats Market Size 2017 Global Industry
Share, Growth, Outlook, Trends and Forecast to
2024
Global Hemostats Market, By Product Type
(Thrombin Based, Combination, Oxidized
Regenerated Cellulose Based, Gelatin Based,
Collagen Based Hemostat), By Indication (Wound
Closure, Surgery), By End-User (Hospitals,
Clinics, Ambulatory Centers, Community
Healthcare, Others), By Geography (North America,
South America, Europe, Asia-Pacific, Middle East
and Africa) Trends and Forecast to 2024
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Report Description
The Global Hemostats Market is expected to reach
USD 4.5 billion by 2024 from USD 2.7 billion in
2016, at a CAGR of 6.6 in the forecast period
2017 to 2024. The major factors driving the
growth of this market are the increasing number
of surgeries, increasing healthcare expenditure,
technological advancements, chronic condition and
aging population. These factors increase the
demand of various hemostats agents. On the other
hand weak reimbursement and reluctance of
surgeons towards acceptance of new products may
hinder the growth of the market.
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Report Segmentation
The Global Hemostats Market is segmented on the
basis of type, application, distribution channel,
and end user. The global hemostats market is
segmented into 5 major types, namely thrombin
based hemostats, combination agents, oxidized
regenerated cellulose based haemostats, gelatin
based haemostats and collagen based haemostats.
On the basis of application, the market is
segmented into surgery and wound closure. On the
basis of end users, the market is classified into
hospitals, community healthcare, ambulatory
centres and clinics. In 2017, the hospital
segment is expected to dominate the market and is
expected to continue this trend till 2024.
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Key Drivers

• Some of the major factors driving the market for
  hemostats market are increasing number of
  surgeries, technological advancement, increasing
  healthcare expenditure and infrastructure. These
  factors are increasing the demand for different
  heomostatic agents.
• Reluctance of surgeons towards new products may
  hinder the growth of this market.
• The weak reimbursement scenario will hamper the
  growth of the market for new and innovative
  therapies or hemostats products, causing
  companies to withdraw from the market thus
  increasing the hospital costs putting all burdens
  onto the patient for treatment.
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Key Points

• Ethicon US LLC (U.S.) is dominating the
  hemostats market followed by Pfizer and C.R. Bard
  Inc., along with others such as Baxter, Vascular
  Solutions, Inc., B.Braun Melsungen, 3-D Matrix,
  Ltd., Resorba Medical GmbH (an Advanced Medical
  Solutions Group plc Company), Anika Therapeutics,
  Inc., Arch Therapeutics Inc., BiomUp SAS,
  CryoLife, Inc., Gamma Therapeutics, Inc.,
  Hemostasis, LLC, MedTrade Products Limited,
  Integra LifeSciences Corporation, Medline
  Industries, Inc., HEMOTEC MEDICAL GMBH, Stryker,
  CSL Behring, Mallinckrodt, and Equimedical, B.V.
  among other companies.
• Combination agents market is growing with the
  highest CAGR.
• Thrombin based hemostats is driving the market
  with the highest market share.
• Surgery is dominating the application segment in
  the hemostats market.

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