PUBLISHER: The Business Research Company | PRODUCT CODE: 1702667
PUBLISHER: The Business Research Company | PRODUCT CODE: 1702667
An absorbable hemostat is a medical device used to control bleeding during surgical procedures. It is designed to enhance blood clotting and stabilize bleeding tissues. Made from materials that can be gradually broken down and absorbed by the body, an absorbable hemostat eliminates the need for surgical removal.
The main types of absorbable hemostats include thrombin-based hemostats, oxidized regenerated cellulose-based hemostats, gelatin-based hemostats, collagen-based hemostats, and others. Thrombin-based hemostats contain thrombin, an enzyme that aids blood clotting by converting fibrinogen into fibrin. These hemostats are used in various surgical fields, including neurosurgery, orthopedic surgery, general surgery, and reconstructive surgery, and are utilized by end-users such as hospitals, clinics, ambulatory surgical centers, and others.
The absorbable hemostats market research report is one of a series of new reports from The Business Research Company that provides absorbable hemostats market statistics, including absorbable hemostats industry global market size, regional shares, competitors with a absorbable hemostats market share, detailed absorbable hemostats market segments, market trends and opportunities, and any further data you may need to thrive in the absorbable hemostats industry. This absorbable hemostats market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The absorbable hemostats market size has grown strongly in recent years. It will grow from $23.59 billion in 2024 to $25.05 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to advances in surgical techniques, increasing prevalence of chronic diseases, rising demand for minimally invasive surgeries, improvements in hemostatic materials, and enhanced awareness of patient safety.
The absorbable hemostats market size is expected to see strong growth in the next few years. It will grow to $31.39 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rising geriatric population, growing emphasis on personalized medicine, increasing healthcare expenditure, expansion of healthcare infrastructure, and rising incidence of trauma and emergencies. Major trends in the forecast period include development of multifunctional hemostatic products, integration of smart technologies for real-time monitoring, growing use of bioengineered materials, rise in partnerships and collaborations, and advancements in regulatory standards.
The growing number of surgical procedures is expected to drive the expansion of the absorbable hemostats market. Surgical procedures involve medical operations designed to treat, diagnose, or manage conditions by physically altering tissues or organs. The increase in surgical procedures is driven by rising demand for advanced medical treatments, an aging population, and advancements in surgical technology that facilitate more complex and minimally invasive operations. Absorbable hemostats are used during surgeries to control bleeding and promote clot formation while being gradually absorbed by the body, which reduces the need for additional interventions and minimizes postoperative complications. For example, in March 2023, the British Association of Aesthetic Plastic Surgeons reported a significant rise in cosmetic procedures, with 31,057 procedures performed in 2022, representing a 102% increase from the previous year. This increase in surgical activities contributes to the growth of the absorbable hemostats market.
Leading companies in the absorbable hemostats market are focusing on developing advanced products, such as absorbable hemostatic powders, to provide rapid and effective bleeding control during surgery. These powders are designed to control bleeding by promoting quick clot formation at the injury site and are naturally absorbed by the body after their function is complete. For instance, in July 2023, Baxter International Inc., a US-based healthcare company, introduced PERCLOT absorbable hemostatic powder. PERCLOT granules feature a unique molecular structure that rapidly absorbs water, forming a gelled adhesive matrix that acts as a mechanical barrier to stop bleeding. This matrix helps in accumulating platelets, red blood cells, and coagulation proteins like thrombin and fibrinogen, enhancing clinicians' ability to manage intraoperative bleeding more effectively. This development is crucial for reducing the need for blood transfusions, minimizing major complications, and lowering overall care costs.
In April 2024, Integra LifeSciences Holdings Corporation, a US-based science company, acquired Acclarent Inc. for an undisclosed amount. The acquisition is intended to bolster Integra LifeSciences' position in the ENT surgical interventions market by incorporating Acclarent's innovative product portfolio. This move is expected to create new growth opportunities and strengthen the company's market standing. Acclarent Inc. is a US-based healthcare company that specializes in providing absorbable hemostats.
Major companies operating in the absorbable hemostats market are Johnson & Johnson, Medtronic Plc, Becton, Dickinson and Company, Stryker Corporation, Baxter International Inc., CSL Behring, B. Braun Melsungen AG, Teleflex Incorporated, Samyang Holdings Corporation, Integra LifeSciences, Acelity, Meril Life Sciences Pvt. Ltd., Gelita AG, CryoLife Inc., Anika Therapeutics Inc., Z-Medica LLC, Cohera Medical Inc., Marine Polymer Technologies Inc., Curasan AG, Hemostasis LLC, Arch Therapeutics Inc., Cura Medical, Ferrosan Medical Devices A/S, FzioMed Inc., Guizhou Jin Jiu Biotech Co. Ltd.
North America was the largest region in the absorbable hemostats market in 2024. The regions covered in the absorbable hemostats market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the absorbable hemostats market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The absorbable hemostats market consists of sales of fibrin sealants, hemostatic powders, absorbable sponges, hemostatic plugs and absorbable mats. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Absorbable Hemostats Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on absorbable hemostats market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for absorbable hemostats ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The absorbable hemostats market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.