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Hemostasis Products Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Hemostasis Products Market is Segmented by Product, Application (Trauma, Surgery, Hemophilia, Myocardial Infarction, Thrombosis, and Others), End-User, and Geography

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Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.2 %

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Market Overview

The Hemostasis Products market is expected to witness a CAGR of 5.2% during the forecast period. Certain factors that are driving the market growth include the increasing number of trauma and surgical cases, and technological advancements.

An increase in the number of surgical procedures is one of the key drivers boosting the hemostasis product market’s growth. As recognized by WHO and several other international agencies, surgical care is inevitable to manage several health conditions, which include cardiovascular diseases, injuries, cancer, obstructed labor, birth defects, and other conditions. 

Based on a survey conducted by WHO, in 66 member states during the past decade, Switzerland and Luxembourg accounted for the highest density of surgeries performed per million population. Apart from these developed countries, such as the United States, Canada, Germany, France, and Italy have been reported to have a significant density of surgical volume. Hence all these factors are expected to drive market growth across the globe.

Scope of the Report

As per the scope of the report, hemostasis is a process that prevents and stops bleeding, meaning to keep blood within a damaged blood vessel (the opposite of hemostasis is hemorrhage). It is the first stage of wound healing. This involves coagulation, blood changing from a liquid to a gel. Hemostasis products are those which improve the hemostasis procedure outcomes and enhance overall patient care.

By Product
Topical Hemostasis Product (Collagen, Oxidized Regenerated Cellulose, Gelatin, Polysaccharides etc.)
Infusible Hemostasis Product (Fresh Frozen Plasma, Platelet Concentrate from Donor Blood, Factor VIII, Prothrombin Complex etc.)
Advanced Hemostasis Product (Flowable Complex, Thrombin Complex, Fibrin Complex, Synthetic Sealants etc.)
By Application
Trauma
Surgery
Hemophilia
Myocardial Infarction
Thrombosis
Others
By End User
Hospitals
Clinics
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Application in Surgeries is Expected to Hold a Significant Market Share

Hemostat agents, like products containing thrombin, are a safe and effective alternative to gelatin sponges and oxidized cellulose in controlling bleeding during cardiac surgery. 

Hemostatic agents containing thrombin and collagen are superior to surgical hemostasis alone in controlling microvascular bleeding during cardiac surgery. It is also reasonable to use fibrin sealants as an adjunct to surgical hemostasis to limit bleeding in cardiac and aortic surgery.

As per American Heart Association 2019 statistics, cardiovascular disease is the leading global cause of death, accounting for more than 17.6 million deaths per year in 2016, a number that is expected to grow to more than 23.6 million by 2030. This will result in more cardiovascular surgeries, which will also increase the demand for hemostat agents that control bleeding. This factor is hence expected to help market growth.

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North America Dominates the Market and Expected to do Same in the Forecast Period

North America has dominated the global market studied, in 2018. Every year, the US government spends a significant parentage of its GDP on healthcare. According to a report published by the Organization for Economic Co-operation and Development (OECD), 2018, about 18% of the country’s GDP is spent on healthcare. 

An increase in the number of road accidents and rising prevalence of chronic diseases are the major factors driving the growth of the market studied. According to the data published by the Insurance Institute for Highway Safety, in 2016, there were 34,439 fatal motor vehicle crashes in the United States, out of which 37,461 deaths occurred. It resulted in 11.6 deaths per 100,000 people. Hence all these factors are expected to drive the Hemostasis products market.

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Competitive Landscape

The global Hemostasis Products market is moderately fragmented and consists of a number of major players. Companies like Abbott Laboratories, Baxter International, Inc., C. R. Bard, Inc. (BD), CSL Behring LLC, Dexur, Grifols, S.A., Johnson & Johnson, Medtronic plc, Pfizer, Inc., Tricol Biomedical, among others, hold the substantial market share in the Hemostasis Products market.

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Number Of Trauma And Surgical Cases

      2. 4.2.2 Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Policies

      2. 4.3.2 Patent Loss and Increasing Use of Off-Label Products

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Topical Hemostasis Product (Collagen, Oxidized Regenerated Cellulose, Gelatin, Polysaccharides etc.)

      2. 5.1.2 Infusible Hemostasis Product (Fresh Frozen Plasma, Platelet Concentrate from Donor Blood, Factor VIII, Prothrombin Complex etc.)

      3. 5.1.3 Advanced Hemostasis Product (Flowable Complex, Thrombin Complex, Fibrin Complex, Synthetic Sealants etc.)

    2. 5.2 By Application

      1. 5.2.1 Trauma

      2. 5.2.2 Surgery

      3. 5.2.3 Hemophilia

      4. 5.2.4 Myocardial Infarction

      5. 5.2.5 Thrombosis

      6. 5.2.6 Others

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Clinics

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Baxter International, Inc.

      3. 6.1.3 C. R. Bard, Inc. (BD)

      4. 6.1.4 CSL Behring LLC

      5. 6.1.5 Dexur

      6. 6.1.6 Grifols, S.A.

      7. 6.1.7 Johnson & Johnson

      8. 6.1.8 Medtronic plc

      9. 6.1.9 Pfizer, Inc.

      10. 6.1.10 Tricol Biomedical

      2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Hemostasis Products Market market is studied from 2018 - 2026.

The Hemostasis Products Market is growing at a CAGR of 5.2% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Abbott Laboratories, Baxter International, Inc., C. R. Bard, Inc. (BD), Medtronic plc, CSL Behring LLC are the major companies operating in Hemostasis Products Market.

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