European Hemostats Market, By Type (Thrombin-Based, Oxidized Regenerated Cellulose Based Hemostats, Combination Hemostats, Gelatin Based Hemostats, and Collagen Based Hemostats), - Forecast to 2021
When blood vessel walls are disrupted during surgeries, there are occurrences of blood loss, which needs to get coagulated. This process of blood clot formation at the site of injury is known as hemostasis. Hence, hemostats offer temporary blockage by forming blood clot to control bleeding. The usage of hemostats must be quick, localized, and carefully regulated. Although, the usage of hemostats is not required until and unless the bleeding is heavy or the patient is suffering from congenital diseases or trauma defects.
The purpose of this report is to cover the description, definition and forecast of the European Hemostats market. It involves deep dive analysis of market segmentation, which comprises of products type. The European Hemostats market is expected to reach USD 594.5 million by 2021 from USD 410.9 million in 2015, at a CAGR of 6.3% from 2016 to 2021. Factors such as increasing surgery procedures, increasing number of insurance providers are propelling the growth of this market.
By type, the European Hemostats market is divided into thrombin based hemostats, oxidized regenerated cellulose based hemostats, gelatin based hemostats, combination hemostats, and collagen based hemostats. The thrombin based hemostats accounted for the largest share of 26.7% of the European Hemostats market in 2015.
In-depth market share analysis, by revenue, of the top companies is also included in the report. These numbers are arrived at, based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives.
The major players in this market include Johnson & Johnson Services, Inc. (U.S.). C. R. Bard, Inc. (U.S.), Baxter (U.S.), B Braun Melsungen AG (Germany), Pfizer Inc. (U.S.), Vascular Solutions, Inc. (U.S.), Gelita Medical GmbH (Germany), Equimedical (Netherlands), Integra Lifesciences Holdings Corporation (U.S.), Z-Medica, LLC (U.S.), and Marine Polymer Technologies, Inc. (U.S.). These companies have adopted various strategies, such as mergers & acquisitions and partnerships, among others, to achieve growth in the European Hemostats market.
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