The American region holds the largest market share and growth in the Hemostatic agents Market and is anticipated to reach $4.7 billion by 2023 at CAGR of 7.20%
HYDERABAD, TELANGANA, INDIA, June 19, 2018 /EINPresswire.com/ — According to the new market research report by IndustryARC titled “Hemostatic Agents Market: By Type (Thrombin, Oxidized Regenerated Cellulose, Combination, Gelatin, Collagen, Fibrin Sealants); By Treatment (Cardiovascular, General, Digestive, Neurological); By End User (Hospitals, Surgical Centers, Nursing Homes) & Geography – Forecast (2016-2022)”, the market is driven by the increase in surgical procedures across the globe coupled with the rise in the number of insurance providers propelling the Hemostats Market. Increase in hospital facilities with government initiatives is another reason driving the growth of the Hemostats Market.
Americas held the largest market share in the Hemostatic Agents Market
The American region holds the largest market share and growth in the Hemostatic agents Market and is anticipated to reach $4.7 billion by 2023 at a CAGR of 7.20%. However, APAC registers the highest growth and is anticipated to reach $1.6 billion at a CAGR of 11.4%. The American region is the dominant market for hemostats market due to its growing technological advancements, and need for enhancing the patient safety. The key end-users in this region include Hospitals, Surgery Centers, and Nursing Homes.
Selected Market Share Analysis done in the full report
As per IndustryARC analysts, manufacturers in Hemostats are estimated to take a leap in the production of these products owing to the increasing demand from the medical segment.
The market share analysis has been done considering the revenue of Hemostats suppliers. The market is fairly fragmented with small companies accounting for a combined share of 52% in terms of revenue.
Some big companies have significant presence in this market mainly due to their strong clientele in the commercial sector and strong manufacturing capability.
The suppliers of the market continue to evolve to meet the challenges of technology, growing consumer demands, increased emphasis on sustainable products, globalization, cost pressures, growing healthcare sector, increasing population and more.
To browse the table of contents of the report follow the link below:
Excerpts on Market Growth Factors
High requirement for spinal surgeries have resulted in an increased growth rate for hemostats in U.S. market.
Other growth factors include technological advancements alongside increasing hospitals and healthcare facilities, which ultimately resulted in adoption of advanced surgical equipment in surgeries.
The adoption rate of hemostats was attributed to the aging population, as this is an important procedure to prevent blood loss in the patients.
Amongst various end users, hospitals generated the highest revenue and is anticipated to reach $4.5 billion by 2022
Rising awareness about the advanced equipment among the public, increased spending in healthcare, growing use of artificial devices in operations is resulting in the growth of the hemostats market.
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Key players of Hemostatic Agents Market:
Johnson & Johnson is one of the leading suppliers in the Hemostats market, contributing to nearly 17% of the overall revenue. Johnson & Johnson through its broad range of products, constant product launches and innovation have been successful in catering to a variety of customers, consequently maintaining their hold over the market.
However, monitoring their future business involvements, IndustryARC analysts anticipate companies such as Baxter, Pfizer, Braun, C.R. Bard, CSL Behring and more to maintain their position in the market.
Baxter International holds second major share in the Hemostats market.
Baxter International Incorporation, Mallinckrodt Plc, C.R. Brad Incorporation, Integra Life Sciences Corporation and others are the names of few companies involved in acquisition strategies.
Hemostatic Agents Market Report is segmented as indicated below
Hemostatic Agents Market By Type:
1.Thrombin Based Hemostats
2.Gelatin Based Hemostats
3.Collagen Based Hemostats
4.Oxidized Based Hemostats
Hemostatic Agents Market By Treatment
Hemostatic Agents Market By End User
2 Surgery Centers
3 Nursing Homes
Hemostatic Agents Market By Geography (Covers 13 + Countries)
Hemostatic Agents Market By Entropy
1.B. Braun Melsungen
2.Integra Life Sciences Corporation
4.Marine Polymer Technologies Inc.
6.Johnson and Johnson Services
8.Advanced Medical Solutions Group (Resorba Wundversorgung)
9.Vascular Solutions Inc;
A.Hemodynamic Monitoring System Market
B.Blood Culture Tests Market
What can you expect from the report?
The Hemostatic Agents Market is Prepared with the Main Agenda to Cover the following 20 points:
1.Market Size by Product Categories
6.Top 10 End user Analysis
9.Mergers & Acquisition Analysis
11.Demand Analysis (By Revenue & Volume)
12.Country level Analysis (15+)
14.Market Shares Analysis
15.Value Chain Analysis
16.Supply Chain Analysis
18.Current & Future Market Landscape Analysis
20.Revenue and Volume Analysis
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Source: EIN Presswire