Hemostats and Tissue Sealants Market to Witness Over 43% Incremental Growth From North America | Technavio

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Technavio has been monitoring the hemostats and tissue sealants market, operating under the healthcare industry. The latest report on hemostats and tissue sealants market, 2020-2024 estimates it to register an incremental growth of USD 921.95 mn, at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Hemostats and Tissue Sealants Market 2020-2024 (Graphic: Business Wire)

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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Advanced Medical Solutions Group Plc, B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Co., CryoLife Inc., Integra LifeSciences Holdings Corp., Johnson & Johnson Services Inc., Medtronic Plc, Pfizer Inc., and Teleflex Inc. are among some of the major market participants.

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The increasing use of hemostats and tissue sealants in surgeries has been instrumental in driving the growth of the market. These healthcare equipment are not only becoming highly applicable for minimally invasive procedures but also for various surgical procedures involving blood loss and leakage of body fluids. However, the high costs of hemostats and tissue sealants might hamper market growth.

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Hemostats and Tissue Sealants Market 2020-2024: Segmentation

Hemostats and Tissue Sealants Market is segmented as below:

  • Product

    • Hemostats

    • Tissue Sealants And Adhesives

    • Fibrin Sealants

  • Geographic Landscape

    • Asia

    • Europe

    • North America

    • ROW

Based on geographic segmentation, over 43% of the market growth originated from North America during the forecast period. In addition, hemostats led the growth under the product segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the hemostats and tissue sealants market size.

Hemostats and Tissue Sealants Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hemostats and tissue sealants market report covers the following areas:

  • Hemostats and Tissue Sealants Market Size

  • Hemostats and Tissue Sealants Market Trends

  • Hemostats and Tissue Sealants Market Industry Analysis

This study identifies increasing R&D on novel hemostats and tissue sealants as one of the primary trends expected to influence the Hemostats and Tissue Sealants Market growth positively during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Hemostats and Tissue Sealants Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist hemostats and tissue sealants market growth during the next five years

  • Estimation of the hemostats and tissue sealants market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the hemostats and tissue sealants market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of hemostats and tissue sealants market, vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface

  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem

  • Market characteristics

  • Market segmentation analysis

  • Value chain analysis

PART 04: MARKET SIZING

  • Market definition

  • Market sizing 2019

  • Market Outlook

  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product

  • Comparison by product

  • Hemostats - Market size and forecast 2019-2024

  • Tissue sealants and adhesives - Market size and forecast 2019-2024

  • Fibrin sealants - Market size and forecast 2019-2024

  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • Asia - Market size and forecast 2019-2024

  • ROW - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers

  • Market challenges

PART 11: MARKET TRENDS

  • Strategic collaborations and acquisitions

  • Increasing R&D focus on novel hemostats and tissue sealants

  • High growth potential in emerging countries

PART 12: VENDOR LANDSCAPE

  • Overview

  • Landscape disruption

  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Advanced Medical Solutions Group Plc

  • B. Braun Melsungen AG

  • Baxter International Inc.

  • Becton, Dickinson and Co.

  • CryoLife Inc.

  • Integra LifeSciences Holdings Corp.

  • Johnson & Johnson Services Inc.

  • Medtronic Plc

  • Pfizer Inc.

  • Teleflex Inc.

PART 14: APPENDIX

  • Research methodology

  • List of abbreviations

  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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