North America Hemostats Market By Product Type (Topical Hemostats, Tissue Sealants, Cyanoacrylate-based Tissue Adhesives, And Adhesion Prevention Products)
North America Hemostats Market By Product Type (Topical Hemostats, Tissue Sealants, Cyanoacrylate-based Tissue Adhesives, And Adhesion Prevention Products), By Region
(EMAILWIRE.COM, February 22, 2018 ) The North America Hemostats market size was around USD 1.05 billion in 2017. It is expected to grow at a CAGR of 5.9% to reach USD 1.4 billion by 2022. It captures 35% of the global market share.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 US and Canada. North America accounted for the largest market share in 2016 and is expected to remain at the top till the end of 2022. Highly advanced healthcare systems in this region coupled with their readily adoption are the factors attributable to the observable trend mentioned above.
Key players in the market include 3M, ADCO North America, Inc., Abbott Laboratories. Other players in the market include Advanced Medical Solutions Group, Plc. and Dymax Corporation.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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.
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 report at https://www.marketdataforecast.com/market-reports/north-america-hemostats-market-5173/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 US and Canada. North America accounted for the largest market share in 2016 and is expected to remain at the top till the end of 2022. Highly advanced healthcare systems in this region coupled with their readily adoption are the factors attributable to the observable trend mentioned above.
Key players in the market include 3M, ADCO North America, Inc., Abbott Laboratories. Other players in the market include Advanced Medical Solutions Group, Plc. and Dymax Corporation.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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.
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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