The absorbable hemostats market is anticipated to grow at a significant CAGR of 5.8% during the forecast period (2022-2028). Absorbable hemostats are available in topical form and are used to stop bleeding. These are absorbable hemostats that are composed of oxidized regenerated cellulose. This is used in the case of surgery or a severe wound of any type. Absorbable hemostats help in the capillary and small arterial hemorrhage and assist in reducing the loss of blood. These are applied in cases when conventional procedures to stop bleeding are ineffective. Significant rise in the prevalence of chronic disorders, cesarean deliveries, fatal injuries and major organ surgeries, is the prominent factors accelerating the market growth.
Equitamp is a type of absorbable hemostat which are available in the market. These are manufactured by Nexto Pharmaceutical Limited and are available in sheet form. This is prepared by oxidizing a form of cellulose. Furthur process is done to make them a high-quality product. This product does not require going through any kind of sterilization process before use. Equitamp has a pH value of 7.0 which is just a bit below the neutral point. Another product available in the market is Tabotamp which is an absorbable hemostat. This is a resorbable agent which is in form of regenerated cellulose. It is used in case of mild nosebleeds which happen in case of a trauma or due to any disorder in the body. Tabotamp gives a rapid hemostatic effect in not more than 4-8 minutes. It gives a complete absorption to the affected area in half week. This product has a pH level greater than 4.
The Global absorbable hemostats Market is segmented by type and by form. Based on type, the market is sub-segmented into oxidized regenerated cellulose, collagen, gelatin, thrombin, fibrin sealants, and synthetic sealants. Based on form, the market is sub-segmented into powder, sheets, and sponges. Oxidized regenerated cellulose is a type of cellulose that is chemically altered. It is mainly is used in the control of bleeding. This has a hemostatic effect and absorbable hemostats activate coagulation. This coagulation takes place on the collagen surface.
Some major players in the market include Medical Device Business Services, Inc., Becton, Dickinson and Company, Meril Life Sciences Pvt. Ltd, Cura Medical B.V. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in March 2020, Ethicon has launched SURGICEL absorbable hemostat in Australia, New Zealand, and Thailand. This company is a part of Johnson & Johnson Medical Devices Companies.
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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 Form
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Medical Device Business Services, Inc., Becton, Dickinson and Company, Meril Life Sciences Pvt. Ltd, Cura Medical B.V.
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Absorbable Hemostats Market Report By Segment
By Type
- Oxidized Regenerated Cellulose
- Collagen
- Gelatin
- Thrombin
- Fibrin Sealants
- Synthetic Sealants
By Form
- Powder
- Sheets
- Sponges
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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