Hemostasis Valves Market worth $175 million by 2023

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The hemostasis valves market size is expected
to reach USD 175 million by 2023 from USD 132
million in 2018, at a CAGR of 5.8.
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Major Market Players Boston Scientific (US),
Abbott (US), Teleflex Incorporated (US), B. Braun
Melsungen (Germany), DeRoyal Industries, Inc.
(US), Argon Medical (US), Freudenberg Medical
(US), and Scitech (Brazil).
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The hemostasis valve Y-connectors segment
is expected to account for the largest market
share in 2018. On the basis of type, the
hemostasis valves market is segmented into
hemostasis valve Y-connectors, double Y-connector
hemostasis valves, one-handed hemostasis valves,
and other hemostasis valves. In 2018, the
hemostasis valve Y-connectors segment is expected
to account for the largest share of the
hemostasis valves market. The increasing number
of interventional procedures worldwide is a key
factor driving the growth of this segment.
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North America is estimated to command the
largest share of the market in 2018. The
hemostasis valves market is segmented into four
major geographic segments North America, Europe,
Asia Pacific, and the Rest of the World. In 2018,
North America is expected to command the largest
share of the global hemostasis valves market,
followed by Europe. The large share of the North
American market is attributed to increasing
number of interventional surgeries and rising
geriatric population.