The global antihemorrhagic agent market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Antihemorrhagic agents are defined as a group of substances that encourage the process of hemostasis or the blocking of a flow of blood. It is sometimes also referred to as a hemostatic agent. Antihemorrhagic agents can establish hemostasis by means of different mechanisms, including concentrating coagulation factors, adhesion to the tissues, in which traumatic hemorrhage occurred, and delivering procoagulant factors to the hemorrhage site. The market is majorly attributable to the growing application of antihemorrhagic agents in the healthcare industry, which include general wound care, surgical wound care, internal bleeding, and in several traumatic injuries. In addition to this, other major factors that affect the market growth include the rising number of road accidents, coupled with the growing incidence of surgical, chronic, and traumatic wounds, high rate of cesarean sections in elderly women, rising incidence of burn injuries, and technological advancements in the already existing antihemorrhagic agents.
Further the market is likely to grow attributed to the growing demand for access to better and advanced medical and healthcare services, as a result of increasing public healthcare expenditure observed globally. As per the World Health Organization (WHO), the global healthcare expenditure had observed an average growth rate of 4% annually between 2000 and 2016, while global economy grew at a lesser rate as compared to healthcare with an average growth rate of 2.8% annually. This, in turn, is accelerating the growth of the global antihemorrhagic agent market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape: Pfizer Inc., and Johnson & Johnson Services, Inc., among others.
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Global Antihemorrhagic Agent Market Report by Segment
By Type
- Microfibril Collagen
- Chitosan
- Others
By Application
- General Wound Care
- Surgical Wound Care
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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