The global topical hemostatic agent market is anticipated to grow at a considerable CAGR of 6.3% during the forecast period (2024-2031). The growing number of highly advanced product launches is a key factor driving the growth of the global topical hemostatic agent market. The effectiveness of modern goods in achieving hemostasis is one of their advantages. In the last several years, companies in the hemostats market have created and launched a slew of new products. These businesses try to obtain FDA approvals for their products for certain purposes, as demand for FDA-approved items is higher than for non-approved products on the market. For instance, in 2020, Axio BioSolutions Pvt. Ltd., a manufacturer of Military Trauma Hemostatic Dressing, received FDA approval for Axiostat. Axiostat is a Chitosan Hemostatic Dressing that helps to stop uncontrollable bleeding in as little as two to three minutes.
Get Free Sample link @ https://www.omrglobal.com/request-sample/topical-hemostatic-agent-market
Similarly, in 2019, Biom’up which is a company specialized in surgical hemostasis received Investigational Device Exemption (IDE) from FDA for HEMOSNOW, a hemostatic dry powder produced from porcine collagen and bovine-derived chondroitin sulphate.
Other benefits, such as a lower risk of infection and lower expenses, are due to the product’s breakthroughs in R&D. As a result, technologically enhanced product solutions with various upgraded characteristics have been developed and manufactured. Furthermore, it has resulted in a broadening of the product’s application regions in terms of surgical operations covered. For instance, TISSEEL, a Baxter product, is regarded as one of the most technologically advanced fibrin sealants on the market. Furthermore, increased product acceptance is likely to generate considerable growth opportunities during the projection period.
Hemostats must be handled by trained professionals as artery needs to be closed in a correct manner to prevent it from ischemia (Continuous bleeding). One of the key challenges restricting the adoption of these hemostats is the scarcity of qualified surgeons in both developed and emerging economies. For instance, the Association of American Medical Colleges (AAMC) projects a shortage of about 122,000 physicians by 2032 in the US.
Full report of Topical Hemostatic Agent Market available @ https://www.omrglobal.com/industry-reports/topical-hemostatic-agent-market
Market Coverage
- Segment Covered-
o By Type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Baxter International Inc., B.Braun Melsungen AG, CryoLife, Inc., Integra Lifesciences, Pfizer Inc. and others.
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 COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Topical Hemostatic Agent Market Report Segment
By Type
- Gelatin sponge
- Oxidized Regenerated Cellulose Based Hemostats
By End-User
- Ambulatory Surgical Centers
- Hospitals
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/topical-hemostatic-agent-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
