Hemostasis Valve Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hemostasis Valve Market Analysis
The significant factor attributing this market's growth is the increasing number of interventional procedures and surgical procedures worldwide. Rising patient pool with different illnesses and rising demand for intensive hemostasis devices is also fueling the market growth.
Heart disease is the world's major cause of death and accounted for 17.9 million fatalities in 2016, according to the WHO published data. Worldwide, the growth of the geriatric population has led to increased cardiovascular disease prevalence. Since 2011, the medical devices industry has seen an annual growth rate of around 4.5 percent. Rising occurrences of cardiovascular illnesses and an increase in the aging population have a significant impact on the growth of the market for the Hemostasis valve.
Hemostasis Valve Market Trends
This section covers the major market trends shaping the Hemostasis Valve Market according to our research experts:
Hospitals is Expected to Hold the Largest Market Share in the Hemostasis Valve Market
Dominant share is retained by the Hospital segment owing to the attributes such as growing hospital numbers in the developing countries due to the development of healthcare infrastructure.
Facilities such as healthy food, supportive services, a friendly environment, and patient safety, will play a significant role in upsurging the demand for the hospitals. As per the National Bureau of Economic Research (NBER), improved facilities drive up the demand for hospitals by an average of 38.4 percent. Hospitals are probably to see a huge surge of new patients as healthcare reform comes into force effortlessly, and governments are introducing new policies to optimizing patient flows.
North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the overall Hemostasis Valve market, throughout the forecast period. This is owing to factors like the rising prevalence of chronic disorders such as infectious diseases and the geriatric population.
The cardiovascular disease stays the major cause of fatalities in the US, which in 2016 resulted in 840,768 fatalities (635,260 cardiac). Between 2006 and 2016, the death rate from CVD in the United States declined by 18.6% and 31.8% from coronary heart disease, according to the American College of Cardiology Foundation, Feb 2019. Coronary events are expected to occur in the United States in 2019 in around 1,055,000 Americans, along with 335,000 reoccurring and 720,000 new coronary incidents which are further expected to upsurge the demand of hemostasis devices in the market during the forecast period owing to the growth in the number of cardiac surgery.
Hemostasis Valve Industry Overview
The Hemostasis Valve market is moderately competitive and consists of a few major players. In terms of market share, few of the major players are currently dominating the market. And some prominent players are vigorously making acquisitions and new product launches with the other companies to consolidate their market positions across the globe.
Hemostasis Valve Market Leaders
Boston Scientific Corporation
Merit Medical Systems
Teleflex Incorporated
Terumo Corporation
Freudenberg Medical
*Disclaimer: Major Players sorted in no particular order
Hemostasis Valve Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Number of Interventional Procedures
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4.2.2 Rising Incidence of Chronic Diseases
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4.3 Market Restraints
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4.3.1 Difficulties related to its use and supervision of these devices
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Hemostasis Valve Y-Connectors
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5.1.2 Double Y-Connector Hemostasis Valves
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5.1.3 One-Handed Hemostasis Valves
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5.1.4 Others
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5.2 By Application
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5.2.1 Angiography
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5.2.2 Angioplasty
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5.3 By End User
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5.3.1 Hospitals
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5.3.2 Other End Users
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5.4 Geography
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5.4.1 North America
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5.4.1.1 United States
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5.4.1.2 Canada
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5.4.1.3 Mexico
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5.4.2 Europe
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5.4.2.1 Germany
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5.4.2.2 United Kingdom
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5.4.2.3 France
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5.4.2.4 Italy
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5.4.2.5 Spain
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5.4.2.6 Rest of Europe
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5.4.3 Asia-Pacific
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5.4.3.1 China
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5.4.3.2 Japan
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5.4.3.3 India
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5.4.3.4 Australia
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5.4.3.5 South Korea
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5.4.3.6 Rest of Asia-Pacific
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5.4.4 Middle-East and Africa
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5.4.4.1 GCC
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5.4.4.2 South Africa
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5.4.4.3 Rest of Middle-East and Africa
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5.4.5 South America
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5.4.5.1 Brazil
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5.4.5.2 Argentina
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5.4.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Boston Scientific Corporation
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6.1.2 Merit Medical Systems
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6.1.3 Teleflex Incorporated
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6.1.4 Terumo Corporation
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6.1.5 Freudenberg Medical
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6.1.6 Argon Medical Devices
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6.1.7 B. Braun Melsungen AG
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6.1.8 Antmed Corporation
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6.1.9 Abbott Laboratories
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6.1.10 DeRoyal Industries, Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Hemostasis Valve Industry Segmentation
As per the scope of the report, Hemostasis valves enable medical providers by giving them flexibility in catheters and delivery systems of the next generation. If a catheter is inserted into a body for angiography or other applications, the hemostasis valve is the device that avoids blood reflux.
| By Product Type | |
| Hemostasis Valve Y-Connectors | |
| Double Y-Connector Hemostasis Valves | |
| One-Handed Hemostasis Valves | |
| Others |
| By Application | |
| Angiography | |
| Angioplasty |
| By End User | |
| Hospitals | |
| Other End Users |
| Geography | ||||||||
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Hemostasis Valve Market Research FAQs
What is the current Hemostasis Valve Market size?
The Hemostasis Valve Market is projected to register a CAGR of 5.30% during the forecast period (2024-2029)
Who are the key players in Hemostasis Valve Market?
Boston Scientific Corporation, Merit Medical Systems, Teleflex Incorporated, Terumo Corporation and Freudenberg Medical are the major companies operating in the Hemostasis Valve Market.
Which is the fastest growing region in Hemostasis Valve Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Hemostasis Valve Market?
In 2024, the North America accounts for the largest market share in Hemostasis Valve Market.
What years does this Hemostasis Valve Market cover?
The report covers the Hemostasis Valve Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hemostasis Valve Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Hemostasis Valve Industry Report
Statistics for the 2024 Hemostasis Valve market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hemostasis Valve analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
