Global Hemostasis Market: Overview
Hemostasis, the body’s normal physiological response to stop bleeding after a vascular injury, is a key procedure in the first line of action attempted post an injury, by the body itself or by medical respondents. Preventing significant loss of blood is vital for the survival of a patient, making hemostasis the focus of widespread research and study. Owing to the critical nature of the procedure, the market for hemostasis products has gained a prominent position in the field of medicine and healthcare.
This report on the global hemostasis market is an attempt to give the reader in-depth insights regarding the present state of technological advancements, available products in the global market, highly anticipated products that are undergoing clinical trials, and future scope of development. The report includes a snapshot of the market considering detailed market data pertaining to key segments and sub segments. An exhaustive account of the present market value or prominence of these segments and sub segments for global as well as key regional markets is also included in the report.
The research includes data that has been collated from primary and secondary research efforts. Market size in terms of revenue (US$ mn/bn) and volume (Kilo Tons) are includes for all the segments for the period between 2016 and 2024, with 2015 considered the base year for research. Past data according to popular trends has also been included in the report. A thorough account of the key factors such as drivers, restraints, challenges, past and present trends, key regulations, rules, and opportunities in the market is also included in the report.
Global Hemostasis Market: Drivers and Restraints
The rising global prevalence of Hemophilia A and B, the most common inherited bleeding disorders, a significant surge in a variety of surgeries and trauma patients, and the rising use of recombinant products are collectively driving the global hemostasis market. The rapid rate of introduction of cost effective and biodegradable products in the global market is also aiding the growth of the market. Growth across cost-sensitive emerging markets is being essentially a product of the easy availability of cost-effective products. However, the vast saturation in the global hemostasis market and high cost structures of advanced hemostasis product varieties are hampering the growth of the market.
Global Hemostasis Market: Segmentation
The report segments the global hemostasis products market on the basis of criteria such as product type and geography. On the basis of product type, the market is segmented into: infusible hemostats, topical hemostats, and advanced hemostats and sealants.
The segment of topical hemostats is further segmented into oxidized regenerated cellulose, collagen, and gelatin. Topical hemostats find significant usage in surgery settings and are the most preferred hemostats as compared to other varieties owing to their ease of use, cost effectiveness, biodegradable nature, and efficiency. Of the key types of topical hemostats available in the market, collagen in the most prominently used as it starts acting immediately by beginning to clot blood by natural pathways.
The segment of infusible hemostats, comprising products such as prothrombin complex, fresh frozen plasma, platelet concentrates gathered from donor blood, and FVIII derived from blood, finds usage mostly only under specific conditions and severe hemorrhages. In comparison, the segment of advanced hemostats, consisting products that have been marketed in recent years, are finding extensive usage owing to their high efficiency rates. Many advanced hemostats and sealants are under research and clinical trials.
Companies Mentioned in Report
The report includes a detailed overview of the business profiles and recent developments for some of the key companies operating in the global hemostasis market. Companies discussed in the report include Abbott Laboratories, Siemens AG, Beckman Coulter, Inc., Becton, Dickinson and Company, Thermo Fisher Scientific, Inc., F. Hoffmann-La Roche Ltd., Chrono-Log Corporation, and Trinity Biotech plc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.