The global topical hemostatic agents market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Topical hemostats are used to set surgery or trauma as adjuncts to maintain hemostasis. Gelatin sponges, collagens, fibrin sealants, and active thrombin preparations are different types of topical hemostat products that are applied locally to stop blood flow. The major factor for the growth of the market is the increasing number of surgical procedures coupled with the growing geriatric population.
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According to World Health Organization (WHO), many millions of people undergo surgical treatment and surgical interventions that accounts for an estimated 13% of the globe’s total disability-adjusted life years (DALYs). Furthermore, the growing geriatric patients require proper care and bleeding management systems due to the time taken by their wounds and injuries to heal. Hence, the growing surgical procedures and geriatric population is driving the growth of the global topical hemostatic agents market during the forecast period.
Some major players in the market include Johnson & Johnson Services, Inc., Baxter International Inc., B. Braun Melsungen AG, among others. 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 July 2021, Baxter International Inc. announced that its Baxter Healthcare Corp. subsidiary has acquired certain assets related to PerClot Polysaccharide Hemostatic System from CryoLife, Inc. The acquisition was aimed to enhance the ability of the company to optimize patient care by providing a broad range of intraoperative bleeding with both active and passive hemostatic solutions.
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Market Coverage
- Segment Covered-
- By Type
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Johnson & Johnson Services, Inc., Baxter International Inc., B. Braun Melsungen AG, among 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 has 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 players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Topical Hemostatic Agents Market Report by Segment
By Type
- Gelatin Sponge
- Oxidized Regenerated Cellulose Based Hemostats
- Others
By End-Users
- Ambulatory Surgical Centres
- Hospitals
- Others
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