Market Overview:
The global non-invasive hemostatic closure devices market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of surgical procedures, technological advancements in closure devices, and rising demand for minimally invasive surgeries. Based on type, the global non-invasive hemostatic closure devices market is segmented into closure strips, tissue adhesive, and sutures. The tissue adhesive segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the advantages offered by tissue adhesives over other types of closure devices such as ease of use and reduced postoperative complications. Based on application, the global non-invasive hemostatic closure devices market is segmented into hospitals, clinics, ambulatory surgery centers (ASCs), and others (including research institutes and training centers). The hospitals segment accounted for the largest share of this market in 2017 owing to factors such as rising number of surgical procedures performed in hospitals and growing demand for minimally invasive surgeries.
Product Definition:
Non-invasive hemostatic closure devices are medical devices that are used to control or stop bleeding from a wound. They work by applying pressure to the wound and sealing it off so that the blood can no longer flow out. This helps to reduce the risk of infection and helps the wound to heal more quickly.
Closure Strips:
Clinical trial data suggests that hemostatic agents are safe and effective in reducing the risk of bleeding. The global non-invasive hemostatic market is expected to grow at a lucrative rate over the forecast period owing to increasing demand for home care settings, rising geriatric population base, and growing awareness about self-care among consumers.
Tissue Adhesive:
Tissue adhesive is a synthetic biomaterial that has the ability to bind with itself and with tissues. It can be used in various medical applications such as artificial ligaments, tendons, skin grafts, cornea repair tissue adhesives and other soft tissue repairs. Tissue adhesives are gaining popularity in hemostasis procedures due to their high tensile strength which helps avoid blood loss during surgeries.
Application Insights:
Based on application, the global non-invasive hemostatic closure devices market is segmented into hospitals, clinics and ambulatory surgery centers. Hospitals held the largest share in 2017 owing to factors such as a high prevalence of chronic diseases that require frequent monitoring and treatment procedures. In addition, hospitals are considered to be one of the most prominent places for medical procedures due to advanced healthcare facilities and equipment. Thus, a large number of patients undergoing surgeries at any given time increases the demand for non-invasive hemostatic closure devices in hospitals over other types of centers.
The clinics segment is expected to witness significant growth during forecast years due largely to increasing awareness about various health issues among people especially across developing countries like India.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing incidence of cardiovascular diseases, rising prevalence of chronic wounds, and rapidly growing geriatric population. Moreover, high adoption of advanced surgical procedures is also expected to drive the regional demand for non-invasive hemostatic closure devices over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure and rising patient awareness regarding various minimally invasive surgeries. Furthermore, government initiatives aimed at reducing healthcare expenditure are likely to boost industry growth in this region over the next eight years.
Growth Factors:
- Increasing incidence of trauma and accidents: The increasing incidence of trauma and accidents is one of the key growth drivers for the non-invasive hemostatic closure devices market. Trauma is a leading cause of death worldwide, accounting for around 10% of all deaths. In addition, the number of road traffic accidents is also on the rise, which is likely to boost demand for non-invasive hemostatic closure devices in the coming years.
- Growing awareness about advanced medical technologies: There has been a growing awareness about advanced medical technologies in recent years, which is benefiting the non-invasive hemostatic closure devices market. This can be attributed to rising healthcare expenditure and improving healthcare infrastructure in emerging markets such as India and China. In addition, increasing patient preference for minimally invasive procedures over traditional surgery is also propelling demand for non-invasive hemostatic closure devices globally.
- Technological advancements: The rapid technological advancements taking place in the medical device industry are providing a major impetus to growth prospects for the global non-invasive hemostatic closure devices market . This can be attributed to innovations such as absorbable sutures that promote faster healing without leaving any scars behind post surgery . Such technological advances are helping surgeons adopt minimally invasive procedures , thereby driving demand fornon - invasivehemost aticclosuredevices .
Scope Of The Report
Report Attributes
Report Details
Report Title
Non-Invasive Hemostatic Closure Devices Market Research Report
By Type
Closure Strips, Tissue Adhesive, Sutures
By Application
Hospitals, Clinics, Ambulatory Surgery Centers
By Companies
Medline, 3M Healthcare, Medtronic, Ethicon (Johnson & Johnson), Biotronik, Starch Medical, Olympus, Teleflex, BSN medical, Baxter International, Medline, Abbott Vascular, NeatStitch, Derma Sciences
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Non-Invasive Hemostatic Closure Devices Market Report Segments:
The global Non-Invasive Hemostatic Closure Devices market is segmented on the basis of:
Types
Closure Strips, Tissue Adhesive, Sutures
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, Ambulatory Surgery Centers
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:
- Medline
- 3M Healthcare
- Medtronic
- Ethicon (Johnson & Johnson)
- Biotronik
- Starch Medical
- Olympus
- Teleflex
- BSN medical
- Baxter International
- Medline
- Abbott Vascular
- NeatStitch
- Derma Sciences
Highlights of The Non-Invasive Hemostatic Closure Devices 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:
- Closure Strips
- Tissue Adhesive
- Sutures
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- 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 Non-Invasive Hemostatic Closure Devices 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?
Non-invasive hemostatic closure devices are medical devices that use a variety of techniques to stop or reduce bleeding. Devices can be inserted into the body through a vein, and use pressure, heat, or cold to seal off blood vessels.
Some of the major companies in the non-invasive hemostatic closure devices market are Medline, 3M Healthcare, Medtronic, Ethicon (Johnson & Johnson), Biotronik, Starch Medical, Olympus, Teleflex, BSN medical, Baxter International, Medline, Abbott Vascular, NeatStitch, Derma Sciences.
The non-invasive hemostatic closure devices market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Non-Invasive Hemostatic Closure Devices 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 Non-Invasive Hemostatic Closure Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Non-Invasive Hemostatic Closure Devices 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 Non-Invasive Hemostatic Closure Devices 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 Non-Invasive Hemostatic Closure Devices Market Size & Forecast, 2018-2028
4.5.1 Non-Invasive Hemostatic Closure Devices Market Size and Y-o-Y Growth
4.5.2 Non-Invasive Hemostatic Closure Devices Market Absolute $ Opportunity
Chapter 5 Global Non-Invasive Hemostatic Closure Devices 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 Non-Invasive Hemostatic Closure Devices Market Size Forecast by Type
5.2.1 Closure Strips
5.2.2 Tissue Adhesive
5.2.3 Sutures
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Non-Invasive Hemostatic Closure Devices 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 Non-Invasive Hemostatic Closure Devices Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Ambulatory Surgery Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Non-Invasive Hemostatic Closure Devices 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 Non-Invasive Hemostatic Closure Devices 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 Non-Invasive Hemostatic Closure Devices Analysis and Forecast
9.1 Introduction
9.2 North America Non-Invasive Hemostatic Closure Devices 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 Non-Invasive Hemostatic Closure Devices Market Size Forecast by Type
9.6.1 Closure Strips
9.6.2 Tissue Adhesive
9.6.3 Sutures
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 Non-Invasive Hemostatic Closure Devices Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Ambulatory Surgery Centers
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 Non-Invasive Hemostatic Closure Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Non-Invasive Hemostatic Closure Devices 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 Non-Invasive Hemostatic Closure Devices Market Size Forecast by Type
10.6.1 Closure Strips
10.6.2 Tissue Adhesive
10.6.3 Sutures
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 Non-Invasive Hemostatic Closure Devices Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Ambulatory Surgery Centers
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 Non-Invasive Hemostatic Closure Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Non-Invasive Hemostatic Closure Devices 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 Non-Invasive Hemostatic Closure Devices Market Size Forecast by Type
11.6.1 Closure Strips
11.6.2 Tissue Adhesive
11.6.3 Sutures
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 Non-Invasive Hemostatic Closure Devices Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Ambulatory Surgery Centers
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 Non-Invasive Hemostatic Closure Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Non-Invasive Hemostatic Closure Devices 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 Non-Invasive Hemostatic Closure Devices Market Size Forecast by Type
12.6.1 Closure Strips
12.6.2 Tissue Adhesive
12.6.3 Sutures
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 Non-Invasive Hemostatic Closure Devices Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Ambulatory Surgery Centers
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) Non-Invasive Hemostatic Closure Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Non-Invasive Hemostatic Closure Devices 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) Non-Invasive Hemostatic Closure Devices Market Size Forecast by Type
13.6.1 Closure Strips
13.6.2 Tissue Adhesive
13.6.3 Sutures
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) Non-Invasive Hemostatic Closure Devices Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Ambulatory Surgery Centers
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 Non-Invasive Hemostatic Closure Devices Market: Competitive Dashboard
14.2 Global Non-Invasive Hemostatic Closure Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medline
14.3.2 3M Healthcare
14.3.3 Medtronic
14.3.4 Ethicon (Johnson & Johnson)
14.3.5 Biotronik
14.3.6 Starch Medical
14.3.7 Olympus
14.3.8 Teleflex
14.3.9 BSN medical
14.3.10 Baxter International
14.3.11 Medline
14.3.12 Abbott Vascular
14.3.13 NeatStitch
14.3.14 Derma Sciences
