Pune, India -- (SBWIRE) -- 01/13/2020 -- Infinium Global Research has recently published a trending report on "Topical Hemostat Market (Product - Gelatin-based Topical Hemostats, Collagen-based Topical Hemostats, Oxidized Regenerated Cellulose-based Topical Hemostats, Combination Topical Hemostats, and Thrombin-based Topical Hemostats): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." Topical hemostats are used in the setting of surgery or trauma as adjuncts to maintain hemostasis. Topical hemostat products include gelatin sponges, collagens, fibrin sealants, and active thrombin preparations.

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Rising Use of Topical Hemostat in the Vascular Surgeries Propelling the Growth of the Market

According to the Society for vascular surgery, As the United States' population of Baby Boomers continue to age, the potential for vascular disease increases. In 2020, the youngest Baby Boomers will turn 55. Because many vascular diseases occur in the elderly, these 76 million Americans will create a demand for more vascular health services and will have access to far more treatments than their parents could have imagined.

According to the National Institutes of health, Peripheral arterial disease (PAD) affects between eight and 12 million people in the United States. African Americans and those over age 50 are especially vulnerable.

Nearly 200,000 people in the United States are diagnosed annually with an abdominal aortic aneurysm (AAA). Approximately 14,000 Americans die each year from a ruptured AAA.

Though the use of topical hemostatic is an old concept recent advances in biotechnology have resulted in the development of topical hemostatic agents that are currently available to the surgeon that is indispensable to decrease or control bleeding.

Considering the above-mentioned factors, the market for the topical hemostat market is likely to propel during the forecast period.

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Combination Topical Hemostat is Likely to Influence the Industry During the Forecast Period

According to the analyst at Infinium Global Research, the scope of the market is analyzed on the basis of products. Based on the product, the sub-markets include gelatin-based topical hemostats, collagen-based topical hemostats, oxidized regenerated cellulose-based topical hemostats, combination topical hemostats, and thrombin-based topical hemostats.

Some are considered active agents, since they contain fibrinogen and thrombin and actively participate at the end of the coagulation cascade to form a fibrin clot, whereas others to be effective require an intact coagulation system. Fibrin adhesives, in liquid form (fibrin glues) or with stiff collagen fleece (fibrin patch) are effective in the presence of spontaneous or drug-induced coagulation disorders. Sealants are effective, irrespective of the patient's coagulation status, to improve control of residual oozing. Hemostatic dressings represent a valuable option to achieve hemostasis in the case of external hemorrhage at junctional sites (axilla, groin).

North America is the Largest Revenue Earner Among All Regions

The factors attributing to the growth of the market in this region are advanced medical technologies, rising awareness, robust healthcare sector, and favorable compensation are inspiring several surgical procedures. In addition, reimbursement policies and high expenditure capacities are factors that can positively impact the North American market.

A technology named Combat Application Tourniquet, which is essentially a composite improvisation of the cloth with a turning stick for a tightening approach that can be used with minimal effort. The EMT tourniquet is formed of the circumferentially usable bladder that can go around the limb, a clamp that limits the inflated portion while holding the bladder close to the limb, and an inflator bulb equipped with a connector tube and twist cap. Hence, the design is similar to a blood pressure cuff except for the clamp component.

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Topical Hemostat Market: Competitive Analysis

The key players featured in the report are CryoLife, Inc., Johnson & Johnson Services, Inc., Pfizer, Inc., Cohera Medical, Inc., C.R. Bard, Inc., Integra LifeSciences Corporation, Baxter International, Inc., B. Braun Melsungen AG, Stryker Corporation, and Teleflex Incorporated (Vascular Solutions, Inc.).

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of topical hemostat market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the topical hemostat.

=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.

=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.  

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.