Latin America Hemostats Market Growth and Forecast (2017–2022)
Latin America Hemostats Market By Product Type (Topical Hemostats, Tissue Sealants, Cyanoacrylate-based Tissue Adhesives, And Adhesion Prevention Products), By Region
(EMAILWIRE.COM, February 20, 2018 ) The Latin America Hemostats market size was around USD 360 million in 2017. It is expected to grow at a CAGR of 6.3% to reach USD 490 million by 2022. It captures 12% of the global market.
In order to stop bleeding during operating on a patient hemostats are used. Tissue adhesion agents and tissue sealants are used alongside it. These adhesives and sealants can be physical or biological. These products are predicted to soon replace the traditional sutures used for incision closures. It is because they are minimally invasive and reduce the time of surgery along with preventing any post-operation fluid leaks or infections.
Several factors are driving the growth of this market. Some of them are rapid advancements in technology, numerous applications, well-funded R&D, and robust insurance support to manufacturers etc.However, there are some factors which are inhibiting market growth. They are strict regulatory procedures and administrative framework along with low awareness about these products amongst the consumers etc.
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The market segmentation is broad. Classification by product type entails Topical hemostats, Tissue Sealants, Cyanoacrylate-based tissue adhesives, and Adhesion prevention products. Topical hemostats have been further segregated into Collagen-based topical hemostats; Oxidized regenerated cellulose-based topical hemostat, Gelatine-based topical hemostat, Thrombin-based topical hemostat, and Combination topical hemostat. In 2016, thrombin based hemostat market sub-category accounted for the largest market share. Its growth rate will remain steady in the forecast period. Gelatine based topical hemostats are growing in demand because they are economical. However, they are available in powder form. Tissue sealants have been further categorized into Fibrin sealants, and Protein-based sealants.
Classification by geography entails Brazil, Chile, Argentina, and others. It is second to last in terms of market share. It is expected to undergo robust growth in the forecast period.
Key players in the market include 3M, ADCO Latin America, Inc., Abbott Laboratories. Other players in the market include Advanced Medical Solutions Group, Plc. and Dymax Corporation.
The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
About Market Data Forecast
Being a familiar face to the Fortune 500 companies in the field of market research, Market Data Forecast provides its clientele with research material through syndicated reports, consult projects and industry newsletters across various domains and verticals. Our in-house research panel, comprises of industry experts, vertical/domain specialists, supported by a well-built research & data models that help in providing insights for making well-informed decisions. We have a well-established data gathering network across 100+ countries through tie-ups and collaboration’s with the key personnel in value chains & local research organizations. Apart the excellent research services, we also boast of unique post-purchase services offering a 24*7 analyst support for the period of six months. Further, though a continuous feedback from our users, clients and experts, we keep on innovating ourselves in this field to support the organizations in the most efficient ways.
In order to stop bleeding during operating on a patient hemostats are used. Tissue adhesion agents and tissue sealants are used alongside it. These adhesives and sealants can be physical or biological. These products are predicted to soon replace the traditional sutures used for incision closures. It is because they are minimally invasive and reduce the time of surgery along with preventing any post-operation fluid leaks or infections.
Several factors are driving the growth of this market. Some of them are rapid advancements in technology, numerous applications, well-funded R&D, and robust insurance support to manufacturers etc.However, there are some factors which are inhibiting market growth. They are strict regulatory procedures and administrative framework along with low awareness about these products amongst the consumers etc.
Get free research sample at https://www.marketdataforecast.com/market-reports/latin-america-hemostats-market-5176/request-sample
The market segmentation is broad. Classification by product type entails Topical hemostats, Tissue Sealants, Cyanoacrylate-based tissue adhesives, and Adhesion prevention products. Topical hemostats have been further segregated into Collagen-based topical hemostats; Oxidized regenerated cellulose-based topical hemostat, Gelatine-based topical hemostat, Thrombin-based topical hemostat, and Combination topical hemostat. In 2016, thrombin based hemostat market sub-category accounted for the largest market share. Its growth rate will remain steady in the forecast period. Gelatine based topical hemostats are growing in demand because they are economical. However, they are available in powder form. Tissue sealants have been further categorized into Fibrin sealants, and Protein-based sealants.
Classification by geography entails Brazil, Chile, Argentina, and others. It is second to last in terms of market share. It is expected to undergo robust growth in the forecast period.
Key players in the market include 3M, ADCO Latin America, Inc., Abbott Laboratories. Other players in the market include Advanced Medical Solutions Group, Plc. and Dymax Corporation.
The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.
About Market Data Forecast
Being a familiar face to the Fortune 500 companies in the field of market research, Market Data Forecast provides its clientele with research material through syndicated reports, consult projects and industry newsletters across various domains and verticals. Our in-house research panel, comprises of industry experts, vertical/domain specialists, supported by a well-built research & data models that help in providing insights for making well-informed decisions. We have a well-established data gathering network across 100+ countries through tie-ups and collaboration’s with the key personnel in value chains & local research organizations. Apart the excellent research services, we also boast of unique post-purchase services offering a 24*7 analyst support for the period of six months. Further, though a continuous feedback from our users, clients and experts, we keep on innovating ourselves in this field to support the organizations in the most efficient ways.
Contact Information:
Market Data Forecast
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results