Global Hemostats Market: Overview
The hemostat is also known as arterial forceps or hemostatic clamp. It is a surgical tool that is used during major surgical procedures in order to control blood loss or halt bleeding during surgery. It is basically used in the early phases of surgery for an initial incision that closes blood vessels until ligation. Hemostats consist of a group of instruments that include pivot, tissue holders, needle holders, and various clamps. Reduce blood loss by hemostasis is the major challenge in any surgery. It can be achieved by various methods such as flowable and sealants, mechanical methods, active agents, thermal energy based devices, topical hemostatic agents, pharmaceutical agents, and thermal energy based devices. This procedure ensures strong adhesion of wound edges, rapid cessation of blood loss, tight sealing, prompt closure, reduced scarring, rapid healing, and reduced risk of infection.
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Global Hemostats Market: Growth Factors
The hemostat clinical practice is growing very rapidly across the world thus anticipating boosting the global hemostats market growth. It offers lucrative growth opportunities for the market growth due to the presence of a pool of patients throughout the world. The affordable price of the tools expects to fuel the market growth. The surgical staple is the widely used tool to close the wounds. Topical hemostatic agents are broadly preferred as an alternative to standard suturing techniques in order to halt bleeding.
Global Hemostats Market: Segmentation
The global hemostats market is bifurcated on the basis of product type and region. The product type segment includes gelatin-based hemostats, thrombin-based, collagen-based hemostats, oxidized regenerated cellulose based hemostats, and combination hemostats. The regional breakdown of the hemostats market is given by North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Hemostats Market: Regional Analysis
North America is the leading consumer of the hemostats which is followed by Europe and Asia-Pacific region. Various strategies are adopted by the market players such as joint ventures, new product launches, agreements, partnerships, and collaborations in order to enhance the market revenue in the North America which contributes to the market growth. Increasing healthcare infrastructure coupled with rise in the number of surgeries is projected to propel the market in Europe. Asia-Pacific is the fastest growing region owing to increasing number of surgeries and change in regulatory policies encourages the market in the region. Other major factors propelling the global hemostats market growth are swift adoption of innovative products, early adoption of highly developed technologies, and improved healthcare facilities in the region.
Global Hemostats Market: Competitive Players
The key market players that are dominating the hemostats market include Anika Therapeutics, Inc., C.R. Bard, B. Braun Melsungen, Pfizer, 3-D Matrix, Ltd., Medtrade Products Ltd., Stryker, Baxter, Integra Lifesciences Corporation, Resorba Medical GmbH., and Vascular Solutions, Inc. Other influencing market players in the market are Gamma Therapeutics, Inc., Arch Therapeutics Inc., CSL Behring, Equimedical, B.V., Biom’Up SAS, Medline Industries, Inc., Hemostasis, LLC, CryoLife, Inc., Mallinckrodt Plc., Hemostasis, LLC, and Hemotec Medical GmbH.
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Global Hemostats Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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