Flowable Hemostats Market Overview:
Flowable Hemostats Market is valued at around USD 1124 million in 2022 and is expected to reach USD 1654.25 million by 2030, registering a CAGR of 7.1% over the forecast period.
Flowable hemostats are characterized by their liquid consistency and typically consist of a porcine or bovine gelatin matrix. They may also include topical thrombin. These hemostats are particularly useful in situations where application is required on hard-to-reach surfaces or in moist environments. While suitable for various surgical procedures, it’s important to note that they are not intended for ophthalmic use.
The increased occurrence of bleeding diseases has made it possible to design, produce, and test flowable hemostats. Prolonged bleeding problems can arise from operational bleeding in hospitals. Several hemostat products, including collagens based on gelatin, fibrin sealants, and active thrombin preparations, are used to combat this by lowering the body’s extended blood flow. Prolonged bleeding can raise the risk of infections, increase mortality, and cause unstable hemodynamics if it is not stopped.
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Top Impacting Factors:
Worldwide pre-hospital bleeding cases are on the rise, which has increased demand for hemostatic matrix in devices based on thrombin and gelatin.
Hemostats with the ability to provide efficient hemostasis in splenic mass removal surgical cases are in high demand because they can lessen the complications that follow surgery.
There is a growing need for alternate strategies to manage bleeding before and after surgery due to an increase in trauma events worldwide and a rise in catastrophic accidents. Consequently, the market for flowable hemostats is expanding.
The demand for flowable hemostats as an efficient blood regulating agent in vascular sites is being driven by the underlying need for the creation and development of alternative mechanisms against the usage of surgical needles.
A growing need exists for the central government to provide assistance to soldiers in the event of battle emergencies, such as blood control, post-battle trauma, and cardiovascular effects, in the defense-heavy nations of China, India, and the United States. Thus, the market for flowable hemostats is expanding as a result.
Market Trends:
Because of the rise in bleeding disorders, the rise in accidents and post-traumatic injuries throughout the region, and the need for sophisticated mechanisms to replace conventional surgical needles and related equipment, North America is expected to benefit significantly.
Leading company in the healthcare manufacturing sector Baxter International introduced FLOSEAL Hemostatic Matrix as a viable flowable hemostatic substitute for conventional microporous polysaccharide powder materials.
The D-Stat flowable hemostat, manufactured by Teleflex Ltd. with clinical backing, was introduced to lower the risk of hemotoma formation in implants that produce pulses.
Within the expanding sector, there are mergers and acquisitions. In 2019, Baxtor International purchased two flowable hemostat medications from Mallinckrodt, RECOTHROM and PREVELEAK, which are both utilized for cardiovascular.
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Market Segments:
On the basis of material, the Flowable Hemostats Market is bifurcated into:
- Bovine gelatin
- Porcine gelatin
- Others
On the basis of products, the market is segmented into:
- Active hemostats
- Passive hemostats
- Combination hemostats
- Others
On the basis of application, the market is segmented into:
- General surgery
- Cardiac surgery
- Orthopaedic surgery
- Neuro and spine surgery
- Others
On the basis of end-user, the market is segmented into:
- Hospitals and clinics
- Ambulatory surgery centres
- Others
Market Regional Analysis:
North America led the global market for flowable hemostats and is expected to maintain steady growth with a Compound Annual Growth Rate (CAGR) of 6.9% from 2022 to 2032. Similarly, the Asia-Pacific region is projected to witness steady growth in the flowable hemostats market, with a CAGR of 6.7% between 2022 and 2032.
Major Key Players include in this Report are:
- Johnson & Johnson
- Teleflex Incorporated
- Axiom Bio solutions
- Baxter International
- CR Bard, Inc.
- Braun Melsungen AG
- Marine Polymer Technologies
- Medico LLC
- Ethicon, Inc.
- and others.
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