What is Global Absorbable Hemostat Market?
The Global Absorbable Hemostat Market is a vast and dynamic sector that plays a crucial role in the medical industry. It refers to the global market of absorbable hemostats, which are medical devices used to control bleeding during surgical procedures. These hemostats are made from absorbable materials, meaning they can be left in the body after surgery without causing harm. The market encompasses the production, distribution, and sale of these devices worldwide. In 2023, the market was valued at a significant US$ 21950 million, indicating its substantial economic impact. The market is expected to grow even further, with projections estimating it to reach US$ 31860 million by 2030. This growth is driven by various factors, including advancements in medical technology, increasing demand for surgical procedures, and the rising prevalence of diseases requiring surgery.
Gauze, Powder, Gelatin Sponge, Other in the Global Absorbable Hemostat Market:
The Global Absorbable Hemostat Market is segmented into various types, including gauze, powder, gelatin sponge, and others. Each type has its unique properties and applications. Gauze is a thin, translucent fabric with a loose open weave, used in medicine for its absorbent and protective properties. Powder hemostats are typically made from absorbable materials like oxidized cellulose or gelatin, which help to clot blood and control bleeding. Gelatin sponges are absorbable, water-insoluble, malleable, and capable of absorbing and holding within their interstices, many times their weight of blood and other fluids. Other types of hemostats include collagen-based hemostats, synthetic sealants, and flowable hemostats. These different types cater to a wide range of surgical needs, making the market diverse and versatile.
Hospital, Clinics, Other in the Global Absorbable Hemostat Market:
The Global Absorbable Hemostat Market finds its application in various areas, including hospitals, clinics, and others. In hospitals, these hemostats are used in a wide range of surgical procedures, from minor surgeries to major operations. They help to control bleeding, reducing the risk of complications and improving patient outcomes. In clinics, absorbable hemostats are used in outpatient surgeries and procedures. They are particularly useful in settings where rapid bleeding control is essential. Other areas where these hemostats are used include ambulatory surgical centers, research institutions, and military medical facilities. The wide range of applications contributes to the market's growth and expansion.
Global Absorbable Hemostat Market Outlook:
The future outlook for the Global Absorbable Hemostat Market is promising. In 2023, the market was valued at a substantial US$ 21950 million. It is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2030, reaching an estimated value of US$ 31860 million. This growth is driven by various factors, including advancements in medical technology, increasing demand for surgical procedures, and the rising prevalence of diseases requiring surgery. The market is dominated by the top five manufacturers, who collectively hold a production share of over 35%. Europe is the largest production market, accounting for over 35% of the total production. It is closely followed by North America and Japan, which together account for about 40% of the total production. This data indicates a healthy and competitive market landscape, with ample opportunities for growth and expansion.
| Report Metric | Details |
| Report Name | Absorbable Hemostat Market |
| Accounted market size in 2023 | US$ 21950 million |
| Forecasted market size in 2030 | US$ 31860 million |
| CAGR | 5.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Johnson & Johnson, BD, Baxter, B.Braun, Cura Medical, GELITA MEDICAL, Curasan AG, Meril Life Sciences, Zhonghui Shengxi, Beijing Datsing Bio-tech, Guizhou Jin Jiu Biotech, Beijing Taikesiman, Foryou Medical, Saikesaisi Holdings Group, Biotemed |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
