Global Hemostatic Gel Market Growth 2023-2029

Global Hemostatic Gel Market Growth 2023-2029

Product Code:459970

Published Date: Feb 08,2023

Pages: 96

Region: Global

Category: Pharma & Healthcare

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Hemostatic gel is used as an adjunct or alternative to standard suture techniques to control bleeding or wound closure.In recent years, global hemostatic gels have developed rapidly, with an average growth rate of around 7%.In 2018, global production of hemostatic gels was about 3.26 million pieces.In 2018, China accounted for about 3 percent of global sales.In the next five years, China's hemostatic gel products will continue to grow rapidly.Hemostatic gels are mainly divided into fibrin, gelatin and others, among which fibrin accounts for the largest proportion, accounting for nearly 38% of the total market in 2018, while gelatin accounts for 28%.Hemostatic gels are mainly used in minimally invasive surgery, general surgery and other aspects, among which minimally invasive surgery is the main application field, accounting for 51% in 2018 and general surgery for 28%.Hemostatic gels are mainly divided into fibrin, gelatin and others, among which fibrin accounts for the largest proportion, accounting for nearly 38% of the total market in 2018, while gelatin accounts for 28%.Hemostatic gels are mainly used in minimally invasive surgery, general surgery and other aspects, among which minimally invasive surgery is the main application field, accounting for 51% in 2018 and general surgery for 28%.Baxter, J&J, CryoLife, Integra Life Sciences are major suppliers.These suppliers have mastered key technologies and patents, and have a fixed customer base, which has formed a monopoly situation in the market.The growth of the elderly population and the increasing prevalence of chronic diseases are the driving factors affecting the industry.More than 45 percent of americans have at least one chronic condition that requires intensive care, according to the CDC.Elderly patients require intensive care, are prone to injury and take a long time to heal.Chronic diseases eventually led to surgery, which in turn spurred the development of the hemostatic gel industry.

LPI (LP Information)' newest research report, the “Hemostatic Gel Industry Forecast” looks at past sales and reviews total world Hemostatic Gel sales in 2022, providing a comprehensive analysis by region and market sector of projected Hemostatic Gel sales for 2023 through 2029. With Hemostatic Gel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hemostatic Gel industry.

This Insight Report provides a comprehensive analysis of the global Hemostatic Gel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hemostatic Gel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Hemostatic Gel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hemostatic Gel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hemostatic Gel.

The global Hemostatic Gel market size is projected to grow from US$ 926.7 million in 2022 to US$ 1338.6 million in 2029; it is expected to grow at a CAGR of 1338.6 from 2023 to 2029.

Global Hemostatic Gel key players include Baxter, J&J, Advance Medical Solution, etc. Global top three manufacturers hold a share over 45%.

North America is the largest market, with a share over 60%, followed by Europe, with a share over 20 percent. 
In terms of product, Fibrin is the largest segment, with a share over 35%. And in terms of application, the largest application is Minimally Invasive Surgery, followed by General Surgery, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Hemostatic Gel market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Fibrin
    Gelatin
    Other

Segmentation by application
    Minimally Invasive Surgery
    General Surgery
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Baxter
    J&J
    CryoLife
    Integra Life Sciences
    Advance Medical Solution
    BD
    CSL Behring
    Pfizer
    B Braun

Key Questions Addressed in this Report
What is the 10-year outlook for the global Hemostatic Gel market?
What factors are driving Hemostatic Gel market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Hemostatic Gel market opportunities vary by end market size?
How does Hemostatic Gel break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?