Transparency Market Research has published a new report on the global hemostasis and tissue sealing agents market. As per the report, the global hemostasis and tissue sealing agents market stood at US$3.0 bn in 2013 and is expected to reach US$5.2 bn by 2020. The report, titled ‘Hemostasis and Tissue Sealing Agents Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,’ states that the global market is expected to expand at an 8.0% CAGR from 2014 to 2020 owing to factors such as technological improvements and the growing aging population.
Browse the full Hemostasis and Tissue Sealing Agents Market (Topical Hemostats - Mechanical Hemostats, Active Hemostats & Flowable Hemostats and Adhesive and Tissue Sealing Agents - Natural Tissue Sealants, Synthetic Tissue Sealants & Adhesion Barrier Products) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/hemostasis-tissue-sealing-agents-market.html
Hemostasis and tissue sealing agents play a vital role in simplifying wound sealing procedures during surgeries. Primarily, the global hemostasis and tissue sealing agents market is driven by the introduction of new products. For example, in May 2014, the Sylys Surgical Sealant was introduced by Cohera Medical, Inc.; it can be used in gastrointestinal surgery. In January 2014, Baxter received the U.S. FDA approval for the TISSEEL fibrin sealant that is used for various surgeries. The constant introduction of new products and the increasing adoption of technological innovations are expected to propel the global hemostasis and tissue sealing agents market in the years to come.
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.
Key Segments of Hemostasis and Tissue Sealing Agents Market
Global Hemostasis and Tissue Sealing Agents Market, by Types of Products
- Topical Hemostats
- Mechanical Hemostats
- Collagen based Topical Hemostats
- Oxidized Regenerated Cellulose (ORC) based Topical Hemostats
- Gelatin based Topical Hemostats
- Polysaccharide based Topical Hemostat
- Active Hemostats (Thrombin-Based Topical Hemostats)
- Flowable Hemostats (Combination Topical Hemostats)
- Mechanical Hemostats
- Adhesive and Tissue Sealing Agents
- Natural Tissue Sealant
- Fibrin Sealant
- Other Natural Sealant (Albumin and Collagen based Tissue Sealant)
- Synthetic Tissue Sealant
- Cynoacrylate-Based Tissue Adhesives
- Other Synthetic Tissue Sealant (Polyethylene Glycol and others)
- Adhesion Barrier Products
- Natural Tissue Sealant
Global Hemostasis and Tissue Sealing Agents Market, by Geography
- North America
- Rest of the World (RoW)
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