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MarketResearch.biz announces publication of its most recently generated research report titled, “Global Hemostats and Tissue Sealants Market by Product Type (Hemostat and Tissue Sealants), by End User (Hospitals, Ambulatory Surgical Centers, and Others), and by Region – Global Forecast to 2026”, which offers a holistic view of the global hemostats and tissue sealants market through systematic segmentation that covers every aspect of the target market.The global hemostats and tissue sealants market is expected to value at over US$ 3 Bn in 2019 and is expected to register a CAGR of 8.7% over the forecast period.
Global Hemostats and Tissue Sealants Market: Introduction
Hemostats and tissue sealants are used post-surgery or in case of traumatic injury to bind or hold external as well as internal tissues together. Hemostats stop internal blood flow either mechanically or by augmenting coagulation cascade. Tissue sealants block passage of excessive bleeding through the surface of skin or defects in tissues by caulking.
Global Hemostats and Tissue Sealants Market: Market Dynamics
Rising number of surgical procedures and advancements in hemostat and tissue sealant products by major players are some of the key factors driving growth of the global hemostats and tissue sealants market. Development of safe and user-friendly products for delivery of sealants to the treatment area in a manner, with minimum waste is another factor expected to fuel growth of the global hemostats and tissue sealants market. Moreover, rising demand for hemostats and tissue sealants for various surgeries such as cardiovascular, neurological, orthopedic, gastrointestinal, and pulmonary is a major factor expected to drive growth of the global hemostats and tissue sealants market over the forecast period.
However, stringent government regulations for product approvals and high cost associated with research and development of hemostats and tissue sealants could restrain revenue growth of the global hemostats and tissue sealants market.
Patent expirations on essential biological drugs is expected to create potential opportunities for key players operating in the global hemostats and tissue sealants market in near future.
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Global Hemostats and Tissue Sealants Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global hemostats and tissue sealants market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global hemostats and tissue sealants market is expected to expand at a significant CAGR of 8.7% over the forecast period.
Global Hemostats and Tissue Sealants Market: Segmental Snapshot
The global hemostats and tissue sealants market report has been segmented on the basis of product type, end user, and region. The product type segment includes hemostats and tissue sealants. The hemostats segment is further sub-segmented into mechanical, flowable, and active hemostats. The tissue sealants segment is further sub-segmented into fibrin and synthetic sealants. The end user segments include hospitals, ambulatory surgical centers, and others. The regions covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Product Type: The hemostats segment is projected to register highest CAGR of over 8.6%, and is expected to account for the highest revenue share in the global market.
By End User: The hospitals segment is expected to account for highest revenue share among the end user segments, and is expected to register highest CAGR of over 8.5% over the forecast period.
By Region: The market in Asia Pacific is expected to register highest CAGR of over 8.7% over the forecast period. The market in North America accounted for highest revenue share in the global hemostats and tissue sealants market in 2016, and is expected to continue with its dominance over the next 10 years.
Global Hemostats and Tissue Sealants Market: Competitive Analysis
The research report on the global hemostats and tissue sealants market includes detailed competitive analysis on major companies such as Advanced Medical Solutions Group plc, Baxter International Inc., C. R. Bard, Inc., CryoLife, Inc., Integra LifeSciences Holdings Corporation, Johnson & Johnson, Stryker Corporation, B. Braun Melsungen AG, Vivostat A/S, and HyperBranch Medical Technology, Inc.
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The Global Hemostats and Tissue Sealants Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017–2026 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global hemostats and tissue sealants market for 2016–2026.
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