HEMOSTATS MARKET ANALYSIS

Regional Analysis

Global Hemostats Market Regional Insights

On the basis of region, the global hemostats market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds the dominant position in the global hemostats market, owing to large number of surgeries performed in the region as well as development of technologically advanced products for achieving blood control during trauma management procedures. According to the National Health Statistics Report by the Centers of Disease Control & Prevention, around 201,748.3 million surgical and non-surgical procedures were performed in the U.S. in 2011. The data also suggests that 28.6 million visits to ambulatory surgery cases were reported in the U.S.

Furthermore, Asia Pacific is expected to gain significant traction in the global hemostats market in the near future. Marginal market share would be grasped by the local players entering into the market due to less stringent regulatory requirements for manufacturing of these instruments and growing customer pool due to rapid development of healthcare infrastructure in various economies of Asia Pacific. For instance, Tonglu BA Medical Devices Co., Ltd and Suzhou Texnet Commerce Co., Ltd are China-based hemostat manufacturing companies that offers similar surgical hemostats to that of the major international players at significantly lower costs. The increasing entry of new players into the market is thus, responsible for faster growth of Asia Pacific region in the global hemostats market.