Hemostasis and Tissue Sealing Agents Market to Witness Strong Growth Due to Rising Popularity of Minimally Invasive Surgeries, Increasing Geriatric Population, Notes Study by TMR

ALBANY, N.Y., Oct. 5, 2021 /PRNewswire/ -- The growing popularity of minimally invasive surgeries is anticipated to offer substantial growth opportunities to the hemostasis and tissue sealing agents market players during the forecast period of 2019-2027. Rise in the number of surgical procedures coupled with increase in the geriatric population is projected to lead to the exponential growth of the hemostasis and tissue sealing agents market.

Transparency Market Research (TMR) has conducted a detailed analysis on various aspects related to the growth of the hemostasis and tissue sealing agents market. The analysts at TMR in their study project the global market for hemostasis and tissue sealing agents to expand at a CAGR of 8.3% during the forecast period.

The demand for minimally invasive surgeries has increased manifold over the years. Advantages of these surgeries such as minimal incision, shorter hospital stays, and fewer post-surgical complications help expand their demand. As collagen-based hemostat powders and systemic hemostatic agents such as gelatin are used massively in these surgeries, the growth rate of the hemostasis and tissue sealing agents market is expected to increase. However, the process of developing hemostasis and tissue sealing products is complex and expensive. The regulatory approval process is also tedious, as many evidences are needed to prove its efficacy. Nevertheless, many companies are trying to eliminate this aspect through extensive R&D to collect efficacy evidences.

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Key Findings of Report

Topical Hemostat to Offer Growth Opportunities to Hemostasis and Tissue Sealing Agents Market

In this study, based on type, the hemostasis and tissue sealing agents market has been segmented into topical hemostat and adhesive and tissue healing agents. Among these types, the topical hemostat segment is estimated to observe a dominating stance during the forecast period. This segment was also the largest growth contributor in 2018.

Topical hemostats are crucial in controlling bleeding during surgical procedures. The hemostats help reduce post-operative complications during such procedures. Thus, all these aspects will enable the topical hemostats segment to grow during the forecast period, thus contributing to the expansion of the hemostasis and tissue sealing agents market.

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North America to Emerge as Major Regional Hemostasis and Tissue Sealing Agents Market

The hemostasis and tissue sealing agents market in North America is prognosticated to grow at a positive rate during the forecast period. The expanding number of outpatient and inpatient surgical procedures coupled with the growing prevalence of cardiovascular disorders will serve as drivers of the hemostasis and tissue sealing agents market in North America. In addition, the presence of a well-maintained healthcare infrastructure and good healthcare policies by governments will assure considerable market growth.

Apart from North America, the hemostasis and tissue sealing agents market in Asia Pacific is also expected to expand at a high CAGR during the forecast period. An increase in the expenditure on the healthcare infrastructure in countries such as India, China, Japan, South Korea, and others is expected to serve as a vital growth contributor.

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Intensive R&D Required to Address Issue of Low Approval Rate

The low approval rate of these products by regulatory bodies proves to be a hindrance for many companies. This requires manufacturers in the hemostasis and tissue sealing agents market to devise alternate methods through R&D to decrease the complications in the production process.

Some key players in the hemostasis and tissue sealing agents market are Cohesion Technologies Inc.,Integra LifeSciences Corporation,Advanced Medical Solutions Group plc,Pfizer, Inc.,C.R. Bard, Inc., and B Braun Medical Inc.

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Global Hemostasis and Tissue Sealing Agents Market, by Type

• Topical Hemostat
• Mechanical Hemostats
• Collagen based Topical Hemostats
• ORC based Topical Hemostats
• Gelatin based Topical Hemostats
• Polysaccharide based Topical Hemostats
• Active Hemostats
• Flowable Hemostats
• Adhesive and Tissue Sealing Agents
• Natural Tissue Sealant
• Synthetic Tissue Sealant
• Adhesion Barrier Products

Global Hemostasis and Tissue Sealing Agents Market, by Region

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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