Hemostasis & Tissue Sealing Agents Market Competitive Market Share & Forecast, 2017-2025

 

Hemostasis & Tissue Sealing Agents Market

Hemostasis is a physiological process that preserves blood fluidity by limiting blood loss from the body. Clots form during hemostasis as a result of the natural coagulation cascade being activated. However, excessive blood loss that results from major surgery or trauma cannot be stopped by the body's normal healing mechanisms. Hemostats and tissue sealing agents help in such circumstances by reducing blood loss and promoting wound healing. In order to reduce the risk associated with excessive bleeding during surgical procedures, hemostats and tissue sealing agents are being used more frequently.

Additionally, excessive bleeding can lead to postoperative complications such as drawn-out surgeries and insufficient blood levels in the body. Blood loss may be the cause of up to 31% of fatalities in trauma and catastrophic accident patients in the United States, according to In-Patient Epidemiology, a statistical study conducted by the Department of Surgery, Division of Acute Care and Trauma Surgery, New York University, in 2012. Therefore, avoiding such occurrences is crucial for the success of surgical procedures and for the good health of patients. Topical hemostats, such as mechanical hemostats, active hemostats, and Flowable hemostats—solutions applied topically directly to the bleeding site—along with natural and artificial tissue sealants serve as an adjunct to the body's normal hemostasis process and are used locally to control bleeding.

The Global Hemostasis & Tissue Sealing Agents Market Was Valued At US$ 3,236.2 Million In 2017 And Is Expected To Witness A Robust CAGR Of 8.1% Over The Forecast Period (2017–2025).

The market for hemostasis and tissue sealing agents is anticipated to grow significantly as a result of factors like the rising number of surgeries and auto accidents. For instance, according to the Health and Social Care Information Centre (HSCIC), surgery accounted for 4.7 million admissions across various sectors in 2013–14, making it one of the most significant treatments provided by NHS care in the U.K. The data also suggests that, between 2004 and 2014, there was a 27% increase in surgical procedures. The Centers for Disease Control and Prevention (CDC) estimate that about 200,000 Americans died in 2014 as a result of trauma injuries. A significant contributor to the rise in traumatic sports injuries is the frequency of increasing road accidents.

Over 50% of those harmed in auto accidents in 2016 were hospitalised and underwent trauma surgery, according to the World Health Organization. Due to the larger incisions made on the patient's body during trauma surgeries and other common procedures like hernia repair, orthopaedic, open heart and cardiovascular surgery, and neurosurgery that result in significant blood loss, hemostats are also used in these procedures. A total of 427,181 procedures were reported for joint replacement surgeries in 2016, according to the American Joint Replacement Registry's (AJRR) annual report. However, it is anticipated that the lack of favourable reimbursement policies for hemostats' failure to control blood loss as well as the rising cost of surgical procedures will restrain market expansion.

Top Companies involved are- Cryolife, Inc. Baxter International, Inc., Ethicon LLC, Integra Lifesciences Corporation, Becton, Dickinson & Company, Cohera Medical, Inc., Pfizer, Inc., Medtronic plc, B. Braun Melsungen AG, MIL Laboratories Pvt. Ltd, Advanced Medical Solutions Group Plc, and others.

Comments

Post a Comment

Popular posts from this blog

Ginseng Market Outlook, Analysis and forecast up to 2028

Image
  Ginseng Market Ginseng is a slow-growing perennial plant with green oval-shaped leaves and meaty roots that can persist for more than a century. Ginseng is classified into two types: American ginseng and Asian ginseng. Panax quinquefolius is the scientific name for American ginseng, whereas Panax ginseng is the scientific name for Asian ginseng. Ginseng is widely used as a herb to increase the body's energy levels. Ginseng's antioxidant and anti-inflammatory qualities serve to enhance the immune system, lowering the risk of viral and microbial infections. Ginseng also helps to lower the risk of diseases such as lung cancer, skin cancer, and liver cancer. Other health advantages of ginseng include lower blood sugar levels and improved cognitive functions such as memory and conduct. Ginseng is mostly grown in the United States, Canada, and South Korea. Ginseng has been used as a herbal medicine in China for generations, and the country is one of its largest users. Asia Pacifi...
Read more

Forging has significant application in creation of various metal for wide range of applications

Image
Forging refers to any process that produces metal from scratch by subjecting it to an external force. Metal forgers can be persons or machines. This techniques may involve grinding (for example, to produce alloyed steel) or may involve the application of pressure to apply heat to the metal piece until it is malleable. The actual process depends on various factors, including the material being forged, its shape, and the degree of stress that is placed on it. Forged grain is the product of Forging with grains of metals pushed against each other through a forge-like tool and into the cladding that forms the final shape of the metal after it has been done. It is the principal production process in most metals. It uses local or repetitive thrusts delivered by a hammer or die to apply mechanical blows to the metal piece until it becomes malleable. It is frequently classified according to the speed at which it's done: fast, cold, or hot. There are many types of forgers available today...
Read more

The Vaccine Contract Manufacturing Industry to Flourish Due to Urgent Need to Develop Reliable and Cost-Effective Vaccines against Covid-19

Image
Germany Vaccine Contract Manufacturing industry is expected to witness significant growth in the near future, due to emergence of Covid-19. In Germany, from 3 January 2020 to 4:06pm CEST, 18 August 2021, there have been 3,835,375 confirmed cases of COVID-19 with 91,921 deaths, reported to WHO. As of 15 August 2021, a total of 97,884,043 vaccine doses have been administered. The increasing demand for safe and cost-effective vaccines due to unmatchable quality, consistent delivery, and unparalleled security, have contributed to the increasing growth and scope of this industry. The increasing demand for vaccines and resulting profit potential have led to significant growth in the number of contract manufacturing plants located across the world. A major focus of such plants is developing cost effective, high quality vaccines that could be made available to public health organizations and other medical organizations. Several new and innovative technologies are also being developed to man...
Read more