LONDON--(BUSINESS WIRE)--Technavio has been monitoring the hemostats and tissue sealants market and it is poised to grow by USD 921.95 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
- Based on segmentation by product, which is the leading segment in the market?
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The hemostats are expected to be the leading segment based on product in the global market during the forecast period.
- What are the major trends in the market?
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Increasing R&D on novel hemostats and tissue sealants is one of the major trends in the market.
- At what rate is the market projected to grow?
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Growing at a CAGR of over 5%, the incremental growth of the market is anticipated to be USD 921.95 million.
- Who are the top players in the market?
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Advanced Medical Solutions Group Plc, B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Co., CryoLife Inc., Integra LifeSciences Holdings Corp., Johnson & Johnson Services Inc., Medtronic Plc, Pfizer Inc., and Teleflex Inc. are some of the major market participants.
- What are the key market drivers?
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Use of hemostats and tissue sealants in surgeries is one of the major factors driving the market.
- How big is the North America market?
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The North America region will contribute 43% of market growth.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Advanced Medical Solutions Group Plc, B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Co., CryoLife Inc., Integra LifeSciences Holdings Corp., Johnson & Johnson Services Inc., Medtronic Plc, Pfizer Inc., and Teleflex Inc. are some of the major market participants. The use of hemostats and tissue sealants in surgeries will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Hemostats and Tissue Sealants Market 2020-2024: Segmentation
Hemostats and Tissue Sealants Market is segmented as below:
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Product
- Hemostats
- Tissue Sealants and Adhesives
- Fibrin Sealants
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Geographic Landscape
- Asia
- Europe
- North America
- ROW
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Hemostats and Tissue Sealants Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The hemostats and tissue sealants market report covers the following areas:
- Hemostats and Tissue Sealants Market Size
- Hemostats and Tissue Sealants Market Trends
- Hemostats and Tissue Sealants Market Analysis
This study identifies increasing R&D on novel hemostats and tissue sealants as one of the prime reasons driving the hemostats and tissue sealants market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Hemostats and Tissue Sealants Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hemostats and tissue sealants market growth during the next five years
- Estimation of the hemostats and tissue sealants market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hemostats and tissue sealants market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hemostats and tissue sealants market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Value chain analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Hemostats - Market size and forecast 2019-2024
- Tissue sealants and adhesives - Market size and forecast 2019-2024
- Fibrin sealants - Market size and forecast 2019-2024
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- Asia - Market size and forecast 2019-2024
- ROW - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Strategic collaborations and acquisitions
- Increasing R&D focus on novel hemostats and tissue sealants
- High growth potential in emerging countries
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Advanced Medical Solutions Group Plc
- B. Braun Melsungen AG
- Baxter International Inc.
- Becton, Dickinson and Co.
- CryoLife Inc.
- Integra LifeSciences Holdings Corp.
- Johnson & Johnson Services Inc.
- Medtronic Plc
- Pfizer Inc.
- Teleflex Inc.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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