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    Hemostasis Tissue Sealing Agents Market

    ID: MRFR/HC/6090-CR
    100 Pages
    Rahul Gotadki
    July 2024

    Hemostasis and Tissue Sealing Agents Market Research Report Information by Product (Topical Hemostat, Adhesive & Tissue Sealant), By Material (Chitosan-based Products, Mineral based Products), By Application (Trauma, General Surgery, Minimally Invasive Surgery, Gynecology Others), By End-User (Hospitals, Ambulatory Surgical Centers, Research Institutes), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2032

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    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).

    Hemostasis Tissue Sealing Agents Market Trends

      • Growing incidences of road accidents and chronic blood disorders is to boost the market growth

    The growing incidence of chronic blood disorders is another factor propelling the market's expansion. Individuals with certain blood disorders, such as hemophilia or von Willebrand disease, have an increased risk of bleeding due to impaired clotting factors. Hemostasis agents, which promote blood clotting and control bleeding, may be essential in surgical procedures or medical interventions for individuals with these disorders. For instance, according to the International Society on Thrombosis and Hemostasis' 2022 update, around 10 million cases of venous thromboembolism occur globally each year.

    As a result, a growth in the number of patients with blood disorders, combined with a growing requirement to treat a variety of bleeding problems, is expected to fuel the demand for hemostasis and tissue-sealing agents.

    The increasing prevalence of surgical procedures and the growing demand for effective hemostatic solutions appear to drive innovation and expansion within the hemostasis and tissue sealing agents market.

    U.S. Food and Drug Administration (FDA)

    Hemostasis Tissue Sealing Agents Market Drivers

    Aging Population

    The aging global population presents a significant driver for the hemostasis and tissue sealing agents market. Older adults are more susceptible to health complications that often require surgical interventions, thus increasing the demand for effective hemostatic solutions. The Global Hemostasis and Tissue Sealing Agents Market Industry is likely to see substantial growth as healthcare systems adapt to the needs of this demographic. With an increasing number of elderly patients undergoing surgeries, the market is expected to expand, reflecting the necessity for products that ensure safety and efficacy in surgical procedures.

    Market Growth Projections

    The Global Hemostasis and Tissue Sealing Agents Market Industry is projected to experience substantial growth over the coming years. With a market value of 9.02 USD Billion in 2024, it is expected to reach 22.9 USD Billion by 2035, reflecting a compound annual growth rate of 8.86% from 2025 to 2035. This growth trajectory indicates a robust demand for innovative sealing solutions in surgical applications, driven by factors such as technological advancements, an aging population, and increasing surgical procedures. The market's expansion underscores the critical role of hemostasis and tissue sealing agents in modern healthcare.

    Rising Surgical Procedures

    The increasing number of surgical procedures globally drives the demand for hemostasis and tissue sealing agents. As healthcare systems evolve, the volume of surgeries, including minimally invasive techniques, continues to rise. In 2024, the Global Hemostasis and Tissue Sealing Agents Market Industry is projected to reach 9.02 USD Billion, reflecting the growing reliance on these agents to control bleeding and promote tissue adhesion. This trend is expected to persist, with the market anticipated to expand significantly, as surgical innovations necessitate advanced sealing solutions that enhance patient outcomes and reduce recovery times.

    Technological Advancements

    Technological innovations in hemostasis and tissue sealing agents contribute to market growth. The development of novel materials and methods, such as bioactive agents and advanced adhesives, enhances the efficacy of these products. The Global Hemostasis and Tissue Sealing Agents Market Industry benefits from these advancements, as they improve surgical precision and outcomes. For instance, the introduction of fibrin sealants and synthetic adhesives has revolutionized surgical practices, leading to increased adoption rates. As the industry embraces cutting-edge technologies, it is likely to witness a robust growth trajectory, with projections indicating a market value of 22.9 USD Billion by 2035.

    Regulatory Support and Approvals

    Regulatory support and streamlined approval processes for hemostasis and tissue sealing agents foster market growth. Governments and health authorities are increasingly recognizing the importance of these products in enhancing surgical outcomes and patient safety. The Global Hemostasis and Tissue Sealing Agents Market Industry benefits from favorable regulatory environments that encourage innovation and expedite product approvals. This supportive landscape not only facilitates the introduction of new technologies but also enhances market confidence, potentially leading to increased investments and advancements in hemostatic solutions.

    Increasing Prevalence of Chronic Diseases

    The rising prevalence of chronic diseases necessitates more surgical interventions, thereby propelling the demand for hemostasis and tissue sealing agents. Conditions such as cardiovascular diseases, diabetes, and obesity often require surgical management, which in turn increases the need for effective sealing solutions. The Global Hemostasis and Tissue Sealing Agents Market Industry is poised to benefit from this trend, as healthcare providers seek reliable products to manage bleeding and enhance surgical outcomes. This growing demand aligns with the projected compound annual growth rate of 8.86% from 2025 to 2035, indicating a sustained need for innovative sealing technologies.

    Market Segment Insights

    Hemostasis and Tissue Sealing Agents Product Insights

    The Hemostasis and Tissue Sealing Agents Market segmentation, based on Product, includes Topical Hemostat, and adhesive & tissue sealant. The Topical Hemostat segment is to hold the majority share in 2023 in the Hemostasis and Tissue Sealing Agents Market revenue. This is because of the rising number of surgical procedures and trauma cases, advancements in technology improving product efficacy, and the aging population increasing the need for surgeries. Additionally, the cost-effectiveness of topical hemostats, favorable regulatory approvals, and market expansion in emerging economies contribute significantly to their demand.

    Hemostasis and Tissue Sealing Agents Material Insights

    The Hemostasis and Tissue Sealing Agents Market segmentation is based on a material that includes Chitosan-based Products and Mineral based Products. The Mineral based Products segment has dominated the market in 2023 and Chitosan-based Products is projected to be the fastest-growing segment during the forecast period, 2024-2032. This is due to chitosan, derived from chitin found in shellfish, is biocompatible, biodegradable, and non-toxic, making it an attractive choice for medical and pharmaceutical applications. Its excellent hemostatic properties, which enable rapid blood clotting, are highly valued in wound care and surgical procedures.

    Figure 2: HEMOSTASIS AND TISSUE SEALING AGENTS MARKET, BY APPLICATION, 2023 & 2032 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Hemostasis and Tissue Sealing Agents End User Insights

    The Hemostasis and Tissue Sealing Agents Market segmentation is based on end-user that includes Hospitals, Ambulatory Surgical Centers, and Research Institutes. The Hospitals segment has dominated the market in 2023 and Ambulatory Surgical Centers is projected to be the fastest-growing segment during the forecast period, 2024-2032. This is due to Ambulatory Surgical Centers are cost-effective alternative to traditional hospital-based surgeries, providing significant savings for both patients and insurers. ASCs typically have lower overhead costs, which translates to reduced procedure costs which will drive the demand.

    Get more detailed insights about Hemostasis and Tissue Sealing Agents Market Research Report - Forecast till 2032

    Regional Insights

    By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Hemostasis and Tissue Sealing Agents market accounted for the largest market share in 2023. Due to aging population, increasing prevalence of chronic diseases, and the continuous evolution of medical technology. With a focus on enhancing patient outcomes and reducing postoperative complications, the market has become a hub for research and development, resulting in the introduction of innovative products with superior efficacy. In 2019, Ethicon (US) introduced VISTASEAL Fibrin Sealant (Human) to manage bleeding during surgery.

    VISTASEAL Fibrin Sealant (Human) contains fibrinogen and thrombin, which are clotting proteins found in human plasma. When applied to the bleeding site, it forms a rapid, adherent, and durable clot. It has been demonstrated to sustain hemostasis (stoppage of bleeding), even in high-risk patients.

    Further, the major countries studied are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Europe Hemostasis and Tissue Sealing Agents market is expected to account for the second-largest market share due to the favorable health policies and trend towards integrating Hemostasis and tissue sealing agents, including counseling. Further, the German Hemostasis and Tissue Sealing Agents market was attributed to holding the largest market share, and France Hemostasis and Tissue Sealing Agents market is expected to fastest-growing market in the European region.

    The Asia-Pacific Hemostasis and Tissue Sealing Agents market is expected to grow at the fastest rate from 2024 to 2032. This is due to rapid economic development, a burgeoning middle class, and increased urbanization. The region's expanding population drives demand for healthcare, technology, and consumer goods. Robust investments in infrastructure, education, and technology fuel industrial growth and innovation. Additionally, favorable government policies and trade agreements enhance business opportunities and foreign investment. The rise of digital economies and advancements in technology, particularly in countries like China, India, and South Korea, further stimulate growth.

    The Rest of the World includes the Middle East, Africa, and Latin America. The main factors influencing the growth of Hemostasis and Tissue Sealing Agents in the Middle East and Africa. MEA region has experienced Increasing healthcare expenditure, and the expansion of healthcare infrastructure are driving demand for advanced medical products. The rise in surgical procedures, fueled by a growing population and higher prevalence of chronic diseases, necessitates effective hemostasis solutions.

    Key Players and Competitive Insights

    The Hemostasis and Tissue Sealing Agents Market is characterized by the presence of many global, regional, players. The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reached across the globe with diverse Type portfolios. Companies such Johnson & Johnson (US), B Braun Medical Inc (Germany), MIL Laboratories Pvt. Ltd (India), Becton, Dickinson, and Company (US), and Pfizer Inc (US) dominate the Hemostasis and Tissue Sealing Agents Market due to Type differentiation, financial stability, strategic services, and diversified regional presence. The players are focused on investing in extensive research and development as well.

    Furthermore, they adopt strategic growth initiatives, such as expansion, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.

    One of the primary business strategies adopted by manufacturers in the global Hemostasis and Tissue Sealing Agents industry to benefit clients and expand the Hemostasis and Tissue Sealing Agents market sector is to manufacture locally to reduce operating costs.

    Key Companies in the Hemostasis Tissue Sealing Agents Market market include

    Industry Developments

    November 2023, The Johnson & Johnson MedTech company Ethicon (US) introduced ETHIZIA, an adjuvant hemostat product. ETHIZIATM Hemostatic Sealing Patch is the first and only hemostatic matrix designed to be equally active and effective on both sides. The product is easy to use in open and minimally invasive surgical procedures.

    In June 2021, Axio Biosolutions Pvt Ltd (India) received FDA 510(k) clearance for Axiostat Patch, a hemostatic medication that controls moderate to severe bleeding during vascular operations, surgical debridement, and puncture sites

    In January 2020, Medtrade Products Limited launched OMNI-STAT 2/3in x 4 3/4 Hemostatic Gauze. OMNI-STAT hemostatic gauze is a non-woven gauze pad laminated on both sides with proprietary chitosan granule technology, designed to quickly control bleeding.

    Future Outlook

    Hemostasis Tissue Sealing Agents Market Future Outlook

    The Hemostasis and Tissue Sealing Agents Market is projected to grow at 8.86% CAGR from 2024 to 2035, driven by technological advancements and increasing surgical procedures.

    New opportunities lie in:

    • Develop innovative bioactive hemostatic agents for minimally invasive surgeries.
    • Expand product lines to include advanced tissue sealing technologies for orthopedic applications.
    • Leverage digital marketing strategies to enhance product visibility in emerging markets.

    By 2035, the market is expected to achieve substantial growth, reflecting evolving healthcare demands and technological innovations.

    Market Segmentation

    Hemostasis and Tissue Sealing Agents End User Outlook

    Hospitals
    • Public
    • Private
    • Military

    Hemostasis and Tissue Sealing Agents Material Outlook

    • Chitosan-based Products
    • Mineral based Products

    Hemostasis and Tissue Sealing Agents Products Outlook

    Topical Hemostat
    • Active
    • Mechanical
    • Flowable

    Hemostasis and Tissue Sealing Agents Regional Outlook

    North America
    • US
    • Canada

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 8.39 billion
    Market Size 2024 USD 9.04 billion
    Market Size 2032 USD 18.19 billion
    Compound Annual Growth Rate (CAGR) 8.04% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2019 to 2022
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Product, Material, End User, and Region
    Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
    Countries Covered The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Johnson & Johnson (US), B Braun Medical Inc (Germany), MIL Laboratories Pvt. Ltd (India), Becton, Dickinson, and Company (US) Pfizer Inc (US), Teleflex Incorporated (US), Medtronic (Ireland), Baxter (US), Medtrade Products Limited (UK), Axio Biosolutions Pvt Ltd (India)
    Key Market Opportunities Rising Technological Advancements Increasing healthcare investments
    Key Market Dynamics Growing incidences of road accidents and chronic blood disorders Growing preference of minimally invasive procedures globally Growing elderly population are driving the market growth.

    Market Highlights

    Author
    Rahul Gotadki
    Assistant Manager

    He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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    FAQs

    How much is the Hemostasis and Tissue Sealing Agents market?

    The Hemostasis and Tissue Sealing Agents Market is anticipated to reach 18.19 billion at a CAGR of 8.04% during the forecast period of 2024-2032.

    How big is the US Hemostasis and Tissue Sealing Agents market?

    The US is expected to hold a 70-80% share of the North American market for the Hemostasis and Tissue Sealing Agents market during the forecast period of 2024-2032.

    What is the growth rate of the Hemostasis and Tissue Sealing Agents market?

    The Hemostasis and Tissue Sealing Agents market is expected to grow at a 8.04% CAGR during the forecast period from 2024 to 2032.

    Which region held the largest market share in the Hemostasis and Tissue Sealing Agents market?

    The North American region market held the largest market share in the Hemostasis and Tissue Sealing Agents market.

    Who are the key players in the Hemostasis and Tissue Sealing Agents market?

    The key players include Johnson & Johnson (US), B Braun Medical Inc (Germany), MIL Laboratories Pvt. Ltd (India), Becton, Dickinson, and Company (US), Pfizer Inc (US), Teleflex Incorporated (US), Medtronic (Ireland), Baxter (US), Medtrade Products Limited (UK), Axio Biosolutions Pvt Ltd (India).

    Which type of application led the Hemostasis and Tissue Sealing Agents market?

    The General Surgery segment was estimated to lead the Hemostasis and Tissue Sealing Agents market.

    Which end user had the largest market share in the Hemostasis and Tissue Sealing Agents market?

    The Hospitals segment is attributed to having the largest market share based on end user.

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