Market Overview:
The global hemostatic pad 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 pads, and technological advancements in the field of hemostasis. Based on type, the global hemostatic pad market is segmented into gelatin hemostatic pads and fibrin hemostatic pads. Gelatin hemostatic pads are more commonly used than fibrin hemostatic pads owing to their easy availability and low cost. However, fibrin-based products are gaining popularity due to their superior properties such as high clotting activity and long shelf life. Based on application, the global hemostatic pad market is segmented into hospitals, clinics, and others (including research institutes and defense establishments). Hospitals account for a major share of the global hemostasis pad market due to increasing number of surgeries performed each year globally coupled with rising awareness about these products among healthcare professionals. Clinics are also expected to witness significant growth during the forecast period owing to growing demand for outpatient procedures that do not require hospitalization.
Product Definition:
A hemostatic pad is a sterile pad that is used to control bleeding. It can be placed on top of a wound to help stop the bleeding, or it can be used in conjunction with other methods of stopping the bleeding.
Gelatin Hemostatic Pad:
Gelatin Hemostatic Pad is a device that is used to collect blood for laboratory tests and other medical purposes. It's major function in the market is to help stop bleeding from cuts or injuries. The pad works by forming a barrier over the wound and absorbing the blood with the help of proteins, which are found in its structure.
Fibrin Hemostatic Pad:
The fibrin hemostatic pad is a device used to control bleeding from external injuries. It works by forming a seal around the wound and restricting blood flow. The hemostatic pad is made up of two layers of thin, flexible, white plastic film with an adhesive layer in between them. When the adhesive layer comes into contact with blood it sticks together forming a seal which prevents further blood loss from that particular area and also allows normal function for other body parts.
Application Insights:
Based on application, the global hemostatic pad market is segmented into hospitals, clinics and others. Hospitals held the largest share in 2017 owing to rising prevalence of various blood disorders such as disseminated intravascular coagulation (DIC) and acute kidney injury (AKI). According to a study published by NCBI in 2018, around 60% of patients suffering from severe sepsis are at risk of developing AKI. Thus, increasing incidence rate of sepsis is expected to augment demand for hemostatic pads over the forecast period.
The clinics segment is anticipated to witness lucrative growth over the forecast period due largely to increasing number of trauma centers across developed as well as developing countries such as India, China and Brazil. In addition, growing awareness about availability of advanced products coupled with rising disposable income will further propel demand for these products in clinics over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to rising incidence of cardiovascular diseases and trauma cases. The presence of well-established healthcare facilities, increasing awareness among people about blood clotting disorders, and availability of advanced products are some other factors driving the regional market.
Asia Pacific is expected to witness lucrative growth over the forecast period due to rising medical tourism in emerging economies such as India, China, Malaysia & Thailand (IMT) region. In addition, growing healthcare infrastructure coupled with an increase in disposable income will drive this regional market further. Increasing number of product launches by key companies is also anticipated to contribute towards growth during the forecast period. For instance; Wako Pure Chemical Corp launched Japan's first plasma-derived hemostatic system called PURE CLOT Hemostat System which can be used for surgical procedures or emergency room use in hospitals across Asia Pacific countries such as India & Singapore (2017).
Growth Factors:
- Increasing incidence of traumatic injuries: The increasing incidence of traumatic injuries is one of the key growth drivers for the hemostatic pad market. Traumatic injuries can cause severe bleeding, which can be effectively controlled by using hemostatic pads.
- Growing demand for advanced hemostatic products: The growing demand for advanced hemostatic products is another major growth driver for the global hemostatic pad market. Advanced hemostatic pads are capable of controlling even the most severe bleeding episodes quickly and effectively.
- Rising awareness about the benefits of using hemostatic pads: There is a growing awareness about the benefits of using hemostatic pads among both healthcare professionals and patients alike, which is driving demand for these products worldwide.
- Technological advancements in product design: The technological advancements in product design are also helping to drive growth in this market as they are resulting in improved efficacy and safety profiles of these products. This is encouraging more people to adopt them into their treatment regimens.. 5) Expanding distribution channels: Hemostasis pad manufacturers are expanding their distribution channels to reach a wider audience, thereby boosting sales volumes globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Hemostatic Pad Market Research Report
By Type
Gelatin Hemostatic Pad, Fibrin Hemostatic Pad
By Application
Hospitals, Clinics, Others
By Companies
B Braun, Meril, RevMedx, BenQ Materials(Anscare), HHAO TECHNOLOGY, Merit Medical Systems, Innotherapy, Samyang Group
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Hemostatic Pad Market Report Segments:
The global Hemostatic Pad market is segmented on the basis of:
Types
Gelatin Hemostatic Pad, Fibrin Hemostatic Pad
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:
- B Braun
- Meril
- RevMedx
- BenQ Materials(Anscare)
- HHAO TECHNOLOGY
- Merit Medical Systems
- Innotherapy
- Samyang Group
Highlights of The Hemostatic Pad 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:
- Gelatin Hemostatic Pad
- Fibrin Hemostatic Pad
- 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 Hemostatic Pad 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?
A hemostatic pad is a medical device that helps to stop bleeding. Hemostatic pads are made of cloth, paper, or plastic and are placed on the wound to help stop the bleeding.
Some of the key players operating in the hemostatic pad market are B Braun, Meril, RevMedx, BenQ Materials(Anscare), HHAO TECHNOLOGY, Merit Medical Systems, Innotherapy, Samyang Group.
The hemostatic pad market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hemostatic Pad Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hemostatic Pad Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hemostatic Pad Market - Supply Chain
4.5. Global Hemostatic Pad Market Forecast
4.5.1. Hemostatic Pad Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hemostatic Pad Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hemostatic Pad Market Absolute $ Opportunity
5. Global Hemostatic Pad Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hemostatic Pad Market Size and Volume Forecast by Type
5.3.1. Gelatin Hemostatic Pad
5.3.2. Fibrin Hemostatic Pad
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hemostatic Pad Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hemostatic Pad Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hemostatic Pad Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hemostatic Pad Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hemostatic Pad Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hemostatic Pad Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hemostatic Pad Demand Share Forecast, 2019-2026
9. North America Hemostatic Pad Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hemostatic Pad Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hemostatic Pad Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hemostatic Pad Market Size and Volume Forecast by Type
9.7.1. Gelatin Hemostatic Pad
9.7.2. Fibrin Hemostatic Pad
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hemostatic Pad Demand Share Forecast, 2019-2026
10. Latin America Hemostatic Pad Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hemostatic Pad Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hemostatic Pad Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hemostatic Pad Market Size and Volume Forecast by Type
10.7.1. Gelatin Hemostatic Pad
10.7.2. Fibrin Hemostatic Pad
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hemostatic Pad Demand Share Forecast, 2019-2026
11. Europe Hemostatic Pad Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hemostatic Pad Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hemostatic Pad Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hemostatic Pad Market Size and Volume Forecast by Type
11.7.1. Gelatin Hemostatic Pad
11.7.2. Fibrin Hemostatic Pad
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hemostatic Pad Demand Share, 2019-2026
12. Asia Pacific Hemostatic Pad Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hemostatic Pad Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hemostatic Pad Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hemostatic Pad Market Size and Volume Forecast by Type
12.7.1. Gelatin Hemostatic Pad
12.7.2. Fibrin Hemostatic Pad
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hemostatic Pad Demand Share, 2019-2026
13. Middle East & Africa Hemostatic Pad Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hemostatic Pad Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hemostatic Pad Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hemostatic Pad Market Size and Volume Forecast by Type
13.7.1. Gelatin Hemostatic Pad
13.7.2. Fibrin Hemostatic Pad
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hemostatic Pad Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hemostatic Pad Market: Market Share Analysis
14.2. Hemostatic Pad Distributors and Customers
14.3. Hemostatic Pad Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. B Braun
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Meril
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. RevMedx
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BenQ Materials(Anscare)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. HHAO TECHNOLOGY
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Merit Medical Systems
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Innotherapy
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Samyang Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
