In a recent published report, Kenneth Research has updated the market report for Hemostasis And Tissue Sealing Agents Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Hemostasis And Tissue Sealing Agents Market products.
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Kenneth Research has recently added a report titled Hemostasis And Tissue Sealing Agents Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
The global Hemostasis and Tissue Sealing Agents market size is expected to be worth USD 6,632.9 million by 2026 growing at a CAGR of 7.8% from 2019 to 2026, as per new research report published by Polaris Market Research. The report on Global Hemostasis and Tissue Sealing Agents Market Size, Share, Trends & Industry Analysis, [By Product Type (Topical Hemostats, Adhesives & Tissue Sealing Agents); By End User; By Region]: Segment Forecast, 2019 – 2026, provides in depth analysis of the current and upcoming market trends.
During 2017, among product types, Topical hemostats segment was observed to capture the largest market shares in terms of revenue. Among the regional markets, North America region accounted for a dominating share and the regional market in Asia Pacific is anticipated to witness fastest growth during the forecast period.
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Increase in demand across the world for minimal invasive surgeries along with continual rise in geriatric patients with chronic conditions are factors responsible for the estimated growth in this market. Also, as new hemostats and tissue sealants are being introduced in the market, they are witnessing increased preference as these products eliminate any issues and risks associated with tissue contamination.
hemostasis tissue sealing agents market
Moreover, injuries caused by sports activities, spinal conditions coupled with growing emphasis on effective measures for blood loss management during surgeries are expected to have further positive influence on adoption of these products. The significant rate of growth in amount of hospitals and surgical centers in markets of emerging economies present encouraging opportunities for manufacturers of hemostats and tissue sealant agents.
The regional analysis section in this report covers North America, Europe, Asia Pacific, Latin America, and Middle East & Africa regional markets. North America Hemostasis and Tissue Sealing Agents market held the leading position among all regional markets and is expected to maintain its dominating position throughout the forecast period. However, market in Asia Pacific region is expected to grow at the highest rate; the growth in this region is majorly expected due to rapidly improving healthcare infrastructure, rising medical tourism, and growing aging population in countries such as China and India.
The FDA has approved fibrin sealants as broad level hemostats for use in surgical procedures. These are popular and conveniently used in Myocardial Infarction (MI) surgeries and specifically in cases of patients having clotting disorders. Major companies in the global hemostasis and tissue sealing agents market include Advanced Medical Solutions Group plc, B. Braun Melsungen AG, Baxter International Inc., BD Bard, CryoLife, Inc., Ethicon, GELITA MEDICAL GmbH, Medtronic, Pfizer Inc., Smith & Nephew plc, and Stryker Corporation.
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Polaris Market Research has segmented the global Hemostasis and Tissue Sealing Agents market on the basis of Product, End User and Region:
Hemostasis and Tissue Sealing Agents by Product Outlook (Revenue, USD Billion, 2015 – 2026)
Adhesive and Tissue Sealing Agents
Synthetic tissue sealant
Natural tissue sealant
Adhesion barrier products
Hemostasis and Tissue Sealing Agents by End User Outlook (Revenue, USD Billion, 2015 – 2026)
Ambulatory Surgical Centers
Home Care Settings
Hemostasis and Tissue Sealing Agents by Region Outlook (Revenue, USD Billion, 2015 – 2026)
Middle East and Africa
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