Market Overview:
The global topical absorbable hemostat 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 first-aid treatments, and growing demand for minimally invasive surgeries. The global topical absorbable hemostat market is segmented on the basis of type into combination hemostats (pads, oxidized regenerated cellulose based hemostats, polysaccharide based hemostats, gelatin based hemostats, collagen based hemostats), and by application into surgery, first-aid treatment, and health care. The combination hemostat segment is expected to dominate the global topical absorbable Hemostat Market with a share of more than 60% by 2030 owing to its high usage in various applications such as surgery and first-aid treatment.
Product Definition:
A topical absorbable hemostat is a medical device that is used to control bleeding by applying pressure to the wound and by promoting the formation of a blood clot. Topical absorbable hemostats are important because they can be used to stop bleeding quickly and effectively without the need for surgery.
Combination Hemostats – Pads:
Combination hemostats are used to measure both blood volume and blood oxygen levels in patients. It is a non-invasive medical device that helps in monitoring the effectiveness of treatment by reducing the need for hospital stays, thereby saving costs. The product consists of two components namely an adhesive strip along with a sensor which can be applied directly to skin or clothing for continuous monitoring.
Oxidized Regenerated Cellulose Based Hemostats:
Oxidized regenerated cellulose (ORC) based hemostats are a group of highly effective and safe drugs that prevent blood loss in patients with chronic non-thrombocytic bleeding. The drug is currently under phase III clinical trials for the indication.
The product has been found to be more effective than current standard of care, warfarin, which is used as a first line treatment for chronic non-thrombocytic bleeding.
Application Insights:
Based on the application, the topicalabsorbable hemostats market is segmented into surgery, first-aid, and health care. The surgery segment dominated in 2017 owing to an increase in surgical procedures globally. According to WHO¢â‚¬â„¢s statistics published in 2018, there was a rise of around 10% surgeries performed annually from 2015 to 2016. This rise can be attributed largely to growing geriatric population and increasing cases of chronic diseases such as cardiovascular diseases and cancer across the globe. As per WHO¢â‚¬â„¢s estimates published in 2019, by 2040 there will be approximately 1 billion older people worldwide who are expected to have contributed towards about 70% of total projected global population by that time.
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 U.S., which is at the forefront of this regional market, accounted for a major share due to its advanced healthcare system and rapid adoption of technologically advanced products.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to increasing medical tourism especially from developing countries such as India & China.
In addition, supportive government initiatives are also anticipated favorably impact regional growth through 2018 – 2030 period thereby creating ample opportunities for key players operating within this space.
Growth Factors:
- Increasing incidence of traumatic injuries: The increasing incidence of traumatic injuries is one of the key growth drivers for the topical absorbable hemostat market. Traumatic injuries can occur due to various reasons such as road accidents, falls, and sports-related injuries. This is expected to drive the demand for topical absorbable hemostats in the coming years.
- Rising awareness about wound care: There is a growing awareness among people about wound care and its importance in preventing infections and other complications. This is likely to boost the demand for topical absorbable hemostats in the coming years.
- Technological advancements: The development of new technologies has led to the introduction of novel products in the topical absorbable hemostat market. This is likely to fuel market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Topical Absorbable Hemostat Market Research Report
By Type
Combination Hemostats – Pads, Oxidized Regenerated Cellulose Based Hemostats, Polysaccharide Based Hemostats, Gelatin Based Hemostats, Collagen Based Hemostats, Others
By Application
Surgery, First-aid, Health Care
By Companies
-D Matrix Ltd, Angiotech Pharmaceuticals Inc, Anika Therapeutics Inc, APRUS Bio-Medical Innovations Pvt Ltd, Arch Therapeutics Inc, Baxter, C.R. Bard, Cellphire Inc, Covalon Technologies Ltd, Cresilon Inc, Endomedix Incorporated, Entegrion Inc, Ethicon, ETX Pharma Inc, Gelita, Pfizer
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Topical Absorbable Hemostat Market Report Segments:
The global Topical Absorbable Hemostat market is segmented on the basis of:
Types
Combination Hemostats – Pads, Oxidized Regenerated Cellulose Based Hemostats, Polysaccharide Based Hemostats, Gelatin Based Hemostats, Collagen Based Hemostats, 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
Surgery, First-aid, Health Care
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:
- -D Matrix Ltd
- Angiotech Pharmaceuticals Inc
- Anika Therapeutics Inc
- APRUS Bio-Medical Innovations Pvt Ltd
- Arch Therapeutics Inc
- Baxter
- C.R. Bard
- Cellphire Inc
- Covalon Technologies Ltd
- Cresilon Inc
- Endomedix Incorporated
- Entegrion Inc
- Ethicon
- ETX Pharma Inc
- Gelita
- Pfizer
Highlights of The Topical Absorbable Hemostat 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:
- Combination Hemostats – Pads
- Oxidized Regenerated Cellulose Based Hemostats
- Polysaccharide Based Hemostats
- Gelatin Based Hemostats
- Collagen Based Hemostats
- Others
- By Application:
- Surgery
- First-aid
- Health Care
- 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 Topical Absorbable Hemostat 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?
Topical absorbable hemostats are a type of medical adhesive that is applied to the skin and helps to temporarily stop bleeding. They are often used in cases where stitches or bandages are not an option, such as during childbirth.
The topical absorbable hemostat market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Topical Absorbable Hemostat 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 Topical Absorbable Hemostat Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Topical Absorbable Hemostat 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 Topical Absorbable Hemostat 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 Topical Absorbable Hemostat Market Size & Forecast, 2020-2028
4.5.1 Topical Absorbable Hemostat Market Size and Y-o-Y Growth
4.5.2 Topical Absorbable Hemostat Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Combination Hemostats – Pads
5.2.2 Oxidized Regenerated Cellulose Based Hemostats
5.2.3 Polysaccharide Based Hemostats
5.2.4 Gelatin Based Hemostats
5.2.5 Collagen Based Hemostats
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Surgery
6.2.2 First-aid
6.2.3 Health Care
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Topical Absorbable Hemostat 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 Topical Absorbable Hemostat 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Combination Hemostats – Pads
9.6.2 Oxidized Regenerated Cellulose Based Hemostats
9.6.3 Polysaccharide Based Hemostats
9.6.4 Gelatin Based Hemostats
9.6.5 Collagen Based Hemostats
9.6.6 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 Market Size Forecast by Applications
9.10.1 Surgery
9.10.2 First-aid
9.10.3 Health Care
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Combination Hemostats – Pads
10.6.2 Oxidized Regenerated Cellulose Based Hemostats
10.6.3 Polysaccharide Based Hemostats
10.6.4 Gelatin Based Hemostats
10.6.5 Collagen Based Hemostats
10.6.6 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 Market Size Forecast by Applications
10.10.1 Surgery
10.10.2 First-aid
10.10.3 Health Care
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Combination Hemostats – Pads
11.6.2 Oxidized Regenerated Cellulose Based Hemostats
11.6.3 Polysaccharide Based Hemostats
11.6.4 Gelatin Based Hemostats
11.6.5 Collagen Based Hemostats
11.6.6 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 Market Size Forecast by Applications
11.10.1 Surgery
11.10.2 First-aid
11.10.3 Health Care
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Combination Hemostats – Pads
12.6.2 Oxidized Regenerated Cellulose Based Hemostats
12.6.3 Polysaccharide Based Hemostats
12.6.4 Gelatin Based Hemostats
12.6.5 Collagen Based Hemostats
12.6.6 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 Market Size Forecast by Applications
12.10.1 Surgery
12.10.2 First-aid
12.10.3 Health Care
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Combination Hemostats – Pads
13.6.2 Oxidized Regenerated Cellulose Based Hemostats
13.6.3 Polysaccharide Based Hemostats
13.6.4 Gelatin Based Hemostats
13.6.5 Collagen Based Hemostats
13.6.6 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) Market Size Forecast by Applications
13.10.1 Surgery
13.10.2 First-aid
13.10.3 Health Care
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 Topical Absorbable Hemostat Market: Competitive Dashboard
14.2 Global Topical Absorbable Hemostat Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 -D Matrix Ltd
14.3.2 Angiotech Pharmaceuticals Inc
14.3.3 Anika Therapeutics Inc
14.3.4 APRUS Bio-Medical Innovations Pvt Ltd
14.3.5 Arch Therapeutics Inc
14.3.6 Baxter
14.3.7 C.R. Bard
14.3.8 Cellphire Inc
14.3.9 Covalon Technologies Ltd
14.3.10 Cresilon Inc
14.3.11 Endomedix Incorporated
14.3.12 Entegrion Inc
14.3.13 Ethicon
14.3.14 ETX Pharma Inc
14.3.15 Gelita
14.3.16 Pfizer
