The hemostasis and tissue sealing agents market mainly comprises advanced medical devices used for wound care or to cease hemorrhages that may occur during surgeries. Due to the recent launch of technologically advanced hemostat products, experts predict positive growth for the global hemostasis and tissue sealing agents market in the near future. The market, according to the report, will also benefit from the aggressive marketing strategies adopted by the most prominent companies to accelerate their market penetration. Leading companies such as Advanced Medical Solutions Group, for instance, commercialize their products through a significantly widespread network of regional and overseas partners across more than sixty countries worldwide. Plus, the company owns direct sales force teams stationed in major economies such as Germany, the Czech Republic, Russia, and the U.K., which helps the company target the most lucrative markets in this niche category. Likewise, the rising geriatric population, which is more vulnerable to chronic illnesses, also fuels demand from the global hemostasis and tissue sealing agents market. While this may be a snapshot of the most crucial information relating to the market, the report illustrates every factor impacting the market’s growth trajectory in detail.
The increasing number of vascular, cardiovascular, pulmonary, and gastrointestinal surgeries has also increased the demand for hemostasis and tissue sealing agents. Factors such as the risk of complications of hemostasis and tissue sealing agents and strict regulatory requirements are expected to hamper the growth of the global hemostasis and tissue sealing agents market in the near future. However, the increasing investment in hemostasis and tissue sealing agents for developing agents is expected to benefit the global market in the near future.
Leading players are concentrating on introducing new innovative products in the global market. Some of the prominent companies operating in the global hemostasis and tissue sealing agents market are CryoLife, Inc., Advance Medical Solution Group plc, Pfizer, Inc., Johnson and Johnson, Baxter, and Integra LifeSciences Corporation.
The global hemostasis and tissue sealing agents market is segmented on the basis of product type and geography. Based on geography, the global market for hemostasis and tissue sealing agents is divided into North America, Asia Pacific, Europe, and Rest of the World. In 2013, North America dominated the global hemostasis and tissue sealing agents market owing to the rising number of pulmonary and cardiovascular surgeries. The Europe hemostasis and tissue sealing agents market is expected to expand at a 7.0% CAGR from 2014 to 2020 due to the introduction of products such as HEMOPATCH, TISEEL, and FLOSEAL.
Based on product type, the global hemostasis and tissue sealing agents market is segmented into topical hemostats and adhesive and tissue sealing agents. The adhesive and tissue sealing agents segment is predicted emerge as the dominant contributor in the global market throughout the forecast period. Improved research and development activities towards drug discovery are expected to propel the adhesive and tissue sealing segment.
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