Hemostasis and Tissue Sealing Agents are substances used to stop, or reduce the amount of bleeding from a wound. They act as a physical barrier to keep the wound closed and promote clotting. They are used for wound closure, for hemostasis in surgical applications, and to reduce the risk of infection. They can be used to seal cuts, lacerations, and other wounds.
The global hemostasis and tissue sealing agents market is expected to register a CAGR of 8.4% during the forecasted period, 2021–2027. The growth of the market is attributed due to factors, such as increasing prevalence of various chronic wounds, technological advancements in hemostasis and tissue sealing agents, and increasing medical expenses across the globe.
Furthermore, rising awareness regarding patient safety and rising geriatric population, are the major factors driving the growth of the global hemostasis and tissue sealing agents market. On the other hand, the availability of alternative products and stringent regulatory framework are likely to hinder the market growth during the forecasted period.
The global Hemostasis and Tissue Sealing Agents market was valued at US$ 3559.5 million in 2022 and is anticipated to reach US$ 4961.4 million by 2029, witnessing a CAGR of 4.8% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Hemostasis and Tissue Sealing Agents Market available at: https://www.themarketreports.com/report/global-hemostasis-and-tissue-sealing-agents-market-research-report
This report aims to provide a comprehensive presentation of the global market for Hemostasis and Tissue Sealing Agents, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hemostasis and Tissue Sealing Agents.
Market competition is not intense. Johnson & Johnson, Baxter, C R Bard, B Braun, Gelita, Integra Life Sciences, Advance Medical Solution and Pfizer, etc. are the leaders of the industry, with about 70% market shares.
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