The global flowable hemostats market was valued at USD 900 million in 2021 and it is anticipated to grow further till USD 1731.7 million in 2031 at a CAGR of 6.8% during the forecast period.
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Flowable hemostats have flowable consistency and contain a porcine or bovine gelatin matrix. It may add topical thrombin. Flowable hemostats are helpful when an application is needed on a surface that is difficult to reach or in a wet field. The product can be used for all surgical procedures, except ophthalmic.
Market Trends and Drivers
The management of prehospital haemorrhage is in high demand for hemostatic drugs. As a result, the market for flowable hemostats has the biggest income from applications related to general surgery. Due to its safety and efficacy profiles, this has increased the need for thrombin-gelatin hemostatic matrix in devices. For instance, FLOSEAL Hemostatic Matrix from Baxter International, a top producer of products for the treatment of life-threatening illnesses, is gaining popularity because it outperforms materials made of microporous polysaccharide powder.
Major Players in the Global Flowable Hemostats Market
The report analyses the various key players such as Baxter International Inc., Teleflex Incorporated, Ethicon (Johnson & Johnson), Biom’up, Pfizer Inc., 3D Matrix Medical Technology, and Aegis Lifesciences among others.
COVID-19 Impact
In these trying times of the coronavirus (COVID-19) pandemic, healthcare companies in the flowable hemostats market are increasing the provision of life-sustaining medications and medical devices like flowable hemostats. To help satisfy the rising demand for their products, they are increasing the number of jobs available to people. Since COVID-19 is challenging communities and healthcare systems all over the world, expanding product supply chains is one of the main emphasis focuses for businesses in the flowable hemostats market. By making hemostats and other medical devices accessible around-the-clock, manufacturers are maximising their production efforts.
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Global Flowable Hemostats Market Segmentation
By Material
- Porcine Gelatin
- Bovine Gelatin
By Application
- General Surgery
- Cardiac Surgery
- Vascular Surgery
- Neuro & Spine Surgery
- Orthopedic Surgery
- Others
By End User
- Hospitals
- Clinics
- Ambulatory Surgery Centers
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