Flowable Hemostats Market – Scope of the Report
TMR’s report on the global flowable hemostats market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2019 to 2027. The report provides the revenue of the global flowable hemostats market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) of the global flowable hemostats market during the forecast period.
The report has been prepared after extensive primary and secondary researches. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global flowable hemostats market.
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Flowable Hemostats Market: Overview
- According to Transparency Market Research’s latest report on the global flowable hemostats market for the historical period 2017–2018and forecast period 2019–2027, rise in number of trauma and surgical cases is projected to drive the global flowable hemostats market during the forecast period
- According to the report, the global flowable hemostats market was valued at ~US$ 700 Mn in2018 and is anticipated to expand at a CAGR of ~6% from 2019 to 2027
Fully Stocked Inventory Creates Consistency in Supply Chains for Surgeons
Establishing a robust supply chain has helped med-tech companies in the flowable hemostats market to gain a competitive edge over other market players. As such, the market is highly consolidated with only three players accounting for a combined market share of ~97% during the forecast period. Hence, manufacturers are building their inventory to meet requirements in difficult-to-access bleeding situations. For instance, global leaders in consumer healthcare and medical devices are strengthening their supply for flowable hemostats by entering into strategic partnerships with distributors.
Companies in the flowable hemostats market are developing devices that work fast and improve visibility. Fast mechanism of advanced flowable hemostats helps to stop difficult-to-access bleeding in less time. Thus, surgeons can count on a fully stocked inventory with a consistent supply of hemostats. Gelatin matrix hemostats are acquiring prominence in the market, as the total combined revenue of porcine and bovine gelatin materials is estimated to reach ~US$ 1 Bn by the end of 2027.
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Flowable Hemostats Market: Competition Landscape
- This report profiles major players in the global flowable hemostats market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
- The global flowable hemostats market is highly consolidated, with the presence of small number of players
- Major players operating in the global flowable hemostats market are Johnson & Johnson, Baxter International, Inc., and Teleflex Incorporated
- The report on the global flowable hemostats market discussed individual strategies, followed by company profiles of manufacturers of flowable hemostats. The competition landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global flowable hemostats market.
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