The major players in the hemostats market include CR Bard, Inc. (US), B. Braun Melsungen AG (Germany), Baxter International, Inc. (US), Integra LifeSciences (US), Marine Polymer Technologies, Inc. (US), Teleflex (US), Ethicon, Inc. (U”
The Hemostats Market is segmented into basis of product, Based on application, Based on formulation & geographic
On the basis of product, the hemostats market is segmented into thrombin-based hemostats, oxidized regenerated cellulose-based hemostats, combination hemostats, gelatin-based hemostats, and collagen-based hemostats. The combination hemostats segment is expected to grow at the highest CAGR during the forecast period. Based on application, the hemostats market has been segmented into neurological surgery, cardiovascular surgery, general surgery, orthopedic surgery, gynecological surgery, reconstructive surgery, and other surgeries.Based on application, the hemostats market has been segmented into neurological surgery, cardiovascular surgery, general surgery, orthopedic surgery, gynecological surgery, reconstructive surgery, and other surgeries.
Hemostats Market, by Application
o Orthopedic Surgery
o General Surgery
o Neurological Surgery
o Cardiovascular Surgery
o Reconstructive Surgery
o Gynecological Surgery
o Other Surgeries
Geographically, the hemostats market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is estimated to register the highest growth rate during the forecast period, primarily due to large patient population base, increasing awareness regarding advanced hemostat products, improving healthcare infrastructure, growing medical tourism, and increasing number of elderly people in the region.
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Most companies in the hemostats market adopted product launches & approvals and acquisitions as their key growth strategies to enhance their shares in the market. These strategies accounted for the largest share of the overall growth strategies mapped from 2015 to 2018. Some of the leading players who adopted these strategies include Ethicon, Inc. (US), Baxter International (US), Z-Medica (US), and Teleflex Incorporated (US).
Johnson & Johnson held the leading position in the global hemostats market in 2017. Ethicon, a subsidiary of Johnson & Johnson develops, manufactures, and markets technologically innovative hemostats. The company’s broad product portfolio includes surgical snow absorbable hemostats, surgicel fibrillar absorbable hemostats, surgicel nu-knit absorbable hemostats, and surgicel powder absorbable hemostats, among other products. Baxter International ranked second in the hemostats market in 2017. The company has a strong synthetic hemostats product portfolio. The company has a strong presence across North America, Europe, the Middle East, Africa, and Asia Pacific. Some of the major end users of the company include hospitals, nursing homes, kidney dialysis centers, clinical and medical research laboratories, rehabilitation centers, doctors’ offices, and patients at home under physician supervision. The company’s robust manufacturing capabilities and wide distribution network across has enabled it to establish a strong foothold in the hemostats market.
Recent Market Developments:
Recent developments are helpful to know the market trend and growth strategies adopted by players in the market. For instance, in this market, the number of new products launched and product approvals has increased in the last three years (2015 to 2018). In the updated version of report, product approvals strategy adopted by players in this market accounted for 52.0% of total developments.
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