HEMOSTATS MARKET ANALYSIS

Hemostats MarketSize and Trends

Global Hemostats Market Dynamics

Rising volumes of surgical procedures performed across the world coupled with increasing number of trauma and accident injury cases is expected to foster growth of global hemostats market. For instance, according to the Health and Social Care Information Centre (HSCIC), surgery is one of the most important treatments offered by NHS care in the U.K., and accounted for 4.7 million admissions across multiple medical domains in 2013 -14. The use of these instruments does not require any specific technical expertise and thus, can be used at even the smallest clinics creating a massive customer base and market growth potential. Moreover, the use of these instruments can be found not only in trauma injury surgical procedures but also in complex surgeries that involves significant blood loss due to larger incisions made on the patients’ skin such as open heart surgery, hernia repair surgery, joint repair surgery, cardiovascular surgery, and other neurologic surgeries. For instance, according to the American Joint Replacement Surgery 2016, nearly 427,181 total surgical procedures were reported for joint replacement surgery in the U.S. However, the cluttering of surgical field due to multiple clamp attachment causing inconvenience to the surgeons and thus, leading to surgical errors is expected to hinder the market growth.