Hemostasis Tissue Sealing Agents Market Summary
As per Market Research Future Analysis, the Global Hemostasis and Tissue Sealing Agents Market was valued at USD 8.39 billion in 2023 and is projected to reach USD 18.19 billion by 2032, growing at a CAGR of 8.04% from 2024 to 2032. The market growth is driven by increasing incidences of road accidents, chronic blood disorders, and a rising preference for minimally invasive procedures. The Topical Hemostat segment is expected to dominate the market due to advancements in technology and the aging population, while the Mineral-based Products segment led the material category in 2023. North America holds the largest market share, attributed to an aging population and advancements in medical technology.
Key Market Trends & Highlights
Key trends driving the Hemostasis and Tissue Sealing Agents Market include rising surgical procedures and chronic blood disorders.
- The market is projected to grow from USD 9.02 billion in 2024 to USD 18.19 billion by 2032.
- Approximately 10 million cases of venous thromboembolism occur globally each year.
- Over 3.2 million Americans suffer from a bleeding disorder annually.
- Ambulatory Surgical Centers are expected to be the fastest-growing segment during the forecast period.
Market Size & Forecast
2023 Market Size | USD 8.39 Billion |
2024 Market Size | USD 9.02 Billion |
2032 Market Size | USD 18.19 Billion |
CAGR (2024-2032) | 8.04% |
Major Players
Key companies include Johnson & Johnson (US), B Braun Medical Inc (Germany), MIL Laboratories Pvt. Ltd (India), Becton, Dickinson, and Company (US), and Pfizer Inc (US).