Market Overview:
The global absorbable hemostatic materials market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of trauma and surgery, rising awareness about hemostatic products, and technological advancements in absorbable hemostatic materials. Based on type, the global absorbable hemostatic materials market is segmented into absorbable hemostat gauze, absorbable hemostat powder, absorbable hemostat gelatin sponge, and others. Absorbable hemostat gauze held the largest share of the global market in 2017 owing to its high demand for use in surgeries and traumas. By application, hospitals accounted for the majority share of the global market in 2017 followed by clinics.
Product Definition:
Absorbable hemostatic materials are used to control bleeding by absorbing blood and promoting the formation of a clot. They are important because they can help stop bleeding without the need for surgery.
Absorbable Hemostat Gauze:
Absorbable hemostats are used to control bleeding by coagulation or fibrinolysis. They work by forming a physical barrier across the wound and absorbing blood loss through physical adsorption. Absorbable hemostats can be used in conjunction with other treatment methods such as sutures, staplers, and sealants for better results.
Absorbable Hemostat Powder:
Absorbable hemostats are used to control bleeding by forming a physical barrier across the wound and promoting coagulation. They are most commonly used in conjunction with sutures or staplers for internal bleeding. Absorbable hemostats act as a mechanical device that prevents blood from flowing out of the body and helps in maintaining appropriate pressure inside the body, which is necessary for effective healing of wounds.
Application Insights:
Based on application, the global market is segmented into hospitals, clinics and other healthcare facilities and others. The hospitals segment dominated the overall market in terms of revenue in 2017. This can be attributed to a high usage rate of hemostatic products at hospital-based settings as compared to other applications. For instance, according to data published by WHO, around 90% of all deaths occur outside hospital premises which points out that effective management of patient flow inside hospitals is crucial for reducing mortality rates across various locations.
The clinics/others application segment is expected to grow at a lucrative CAGR during the forecast period owing to increasing demand for low cost diagnostic solutions across developing countries such as China and India due to rising disposable income levels coupled with an increase in population undergoing medical procedures resulting in an increased number of blood transfusion procedures being performed at non-hospitalized settings such as private practices or laboratories without insurance reimbursement which will drive product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high disposable income, and favorable reimbursement policies. The region is expected to maintain its dominance over the forecast period due to increasing R&D investments by manufacturers and increased focus on product innovation.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising medical tourism in emerging economies such as India and China. In addition, an increase in per capita income levels will boost consumer spending on health care products including absorbable hemostatic materials that are used for internal bleeding control procedures.
Growth Factors:
- Increasing incidence of traumatic injuries: The increasing incidence of traumatic injuries is one of the key growth drivers for the absorbable hemostatic materials market. Traumatic injuries can cause severe bleeding, which can be effectively controlled by using absorbable hemostatic materials.
- Growing demand for minimally invasive surgeries: Minimally invasive surgeries are becoming increasingly popular due to their many advantages over traditional open surgeries. These procedures often require less time to recover from and result in fewer complications. The growing demand for minimally invasive surgeries is thus likely to drive the growth of the absorbable hemostatic materials market in the coming years.
- Rising awareness about advanced wound care products: There is a growing awareness among healthcare professionals and consumers about advanced wound care products such as absorbable hemostatic materials. This is likely to boost demand for these products in the coming years, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Absorbable Hemostatic Materials Market Research Report
By Type
Absorbable Hemostat Gauze, Absorbable Hemostat Powder, Absorbable Hemostat Gelatin Sponge, Others
By Application
Hospitals, Clinics, Others
By Companies
Johnson & Johnson, BD, Baxter, B.Braun, Cura Medical, GELITA MEDICAL, Curasan AG, Meril Life Sciences, Zhonghui Shengxi, Beijing Datsing Bio-tech, Guizhou Jin Jiu Biotech, Beijing Taikesiman, Foryou Medical, Saikesaisi Holdings Group, Biotemed
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Absorbable Hemostatic Materials Market Report Segments:
The global Absorbable Hemostatic Materials market is segmented on the basis of:
Types
Absorbable Hemostat Gauze, Absorbable Hemostat Powder, Absorbable Hemostat Gelatin Sponge, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson & Johnson
- BD
- Baxter
- B.Braun
- Cura Medical
- GELITA MEDICAL
- Curasan AG
- Meril Life Sciences
- Zhonghui Shengxi
- Beijing Datsing Bio-tech
- Guizhou Jin Jiu Biotech
- Beijing Taikesiman
- Foryou Medical
- Saikesaisi Holdings Group
- Biotemed
Highlights of The Absorbable Hemostatic Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Absorbable Hemostat Gauze
- Absorbable Hemostat Powder
- Absorbable Hemostat Gelatin Sponge
- Others
- By Application:
- Hospitals
- Clinics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Absorbable Hemostatic Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Absorbable hemostatic materials are medical devices that help stop bleeding. They work by absorbing blood and stopping the flow of blood.
Some of the major players in the absorbable hemostatic materials market are Johnson & Johnson, BD, Baxter, B.Braun, Cura Medical, GELITA MEDICAL, Curasan AG, Meril Life Sciences, Zhonghui Shengxi, Beijing Datsing Bio-tech, Guizhou Jin Jiu Biotech, Beijing Taikesiman, Foryou Medical, Saikesaisi Holdings Group, Biotemed.
The absorbable hemostatic materials market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Absorbable Hemostatic Materials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Absorbable Hemostatic Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Absorbable Hemostatic Materials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Absorbable Hemostatic Materials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Absorbable Hemostatic Materials Market Size & Forecast, 2018-2028
4.5.1 Absorbable Hemostatic Materials Market Size and Y-o-Y Growth
4.5.2 Absorbable Hemostatic Materials Market Absolute $ Opportunity
Chapter 5 Global Absorbable Hemostatic Materials Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Absorbable Hemostatic Materials Market Size Forecast by Type
5.2.1 Absorbable Hemostat Gauze
5.2.2 Absorbable Hemostat Powder
5.2.3 Absorbable Hemostat Gelatin Sponge
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Absorbable Hemostatic Materials Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Absorbable Hemostatic Materials Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Absorbable Hemostatic Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Absorbable Hemostatic Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Absorbable Hemostatic Materials Analysis and Forecast
9.1 Introduction
9.2 North America Absorbable Hemostatic Materials Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Absorbable Hemostatic Materials Market Size Forecast by Type
9.6.1 Absorbable Hemostat Gauze
9.6.2 Absorbable Hemostat Powder
9.6.3 Absorbable Hemostat Gelatin Sponge
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Absorbable Hemostatic Materials Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Absorbable Hemostatic Materials Analysis and Forecast
10.1 Introduction
10.2 Europe Absorbable Hemostatic Materials Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Absorbable Hemostatic Materials Market Size Forecast by Type
10.6.1 Absorbable Hemostat Gauze
10.6.2 Absorbable Hemostat Powder
10.6.3 Absorbable Hemostat Gelatin Sponge
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Absorbable Hemostatic Materials Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Absorbable Hemostatic Materials Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Absorbable Hemostatic Materials Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Absorbable Hemostatic Materials Market Size Forecast by Type
11.6.1 Absorbable Hemostat Gauze
11.6.2 Absorbable Hemostat Powder
11.6.3 Absorbable Hemostat Gelatin Sponge
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Absorbable Hemostatic Materials Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Absorbable Hemostatic Materials Analysis and Forecast
12.1 Introduction
12.2 Latin America Absorbable Hemostatic Materials Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Absorbable Hemostatic Materials Market Size Forecast by Type
12.6.1 Absorbable Hemostat Gauze
12.6.2 Absorbable Hemostat Powder
12.6.3 Absorbable Hemostat Gelatin Sponge
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Absorbable Hemostatic Materials Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Absorbable Hemostatic Materials Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Absorbable Hemostatic Materials Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Absorbable Hemostatic Materials Market Size Forecast by Type
13.6.1 Absorbable Hemostat Gauze
13.6.2 Absorbable Hemostat Powder
13.6.3 Absorbable Hemostat Gelatin Sponge
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Absorbable Hemostatic Materials Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Absorbable Hemostatic Materials Market: Competitive Dashboard
14.2 Global Absorbable Hemostatic Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson
14.3.2 BD
14.3.3 Baxter
14.3.4 B.Braun
14.3.5 Cura Medical
14.3.6 GELITA MEDICAL
14.3.7 Curasan AG
14.3.8 Meril Life Sciences
14.3.9 Zhonghui Shengxi
14.3.10 Beijing Datsing Bio-tech
14.3.11 Guizhou Jin Jiu Biotech
14.3.12 Beijing Taikesiman
14.3.13 Foryou Medical
14.3.14 Saikesaisi Holdings Group
14.3.15 Biotemed
