Sarasota, FL -- (SBWIRE) -- 03/07/2019 -- Global Hemostasis Valve Market: Overview
The natural process that stops blood loss in case of injuries or during surgeries apart from changing blood from its liquid state into a gel-like form is called hemostasis. This process comprises three steps—coagulation, vasoconstriction, and platelet plug formation. The demand and popularity of the hemostasis valve market across the globe can be attributed to the rising number of cases related to interventional surgeries.
Global Hemostasis Valve Market: Growth Factors
The major growth driver of the global hemostasis valve market in the future is the growing number of cases related to interventional surgeries. Other factors that are anticipated to contribute notably toward the expansion of the hemostasis valve market globally over the estimated timeframe include growing geriatric population, rising number of patients opting for coronary angiography operations, increasing patient preference toward hospitals for surgical procedures, and substantial increase in the number of hospitals in developing economies as a part of infrastructural development. Furthermore, emerging economies, such as China, India, Mexico, etc., are projected to emerge as the major growth centers for the hemostasis valve market.
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However, the complexities related to the monitoring of hemostasis valves might restrain the growth of this market globally.
Global Hemostasis Valve Market: Segmentation
The global hemostasis valve market is categorized into type, application, and end-user. Based on the type, the hemostasis valve market includes Y-connectors hemostasis valves, one-handed hemostasis valves, and others (straight connectors, side port tubing, etc). The Y-connectors segment is likely to hold the largest share in the global market for hemostasis valves in the upcoming years, owing to the rising number of cases related to interventional surgeries. By application, this global market is bifurcated into angiography and angioplasty. The angiography segment is anticipated to register the highest growth rate in the market for hemostasis valves globally over the estimated time period, due to the increase in the number of coronary angiography operations. On the basis of end-user, this market includes ambulatory surgical centers, clinics, diagnostic laboratories, and hospitals. The hospital segment is projected to hold a major share of the hemostasis valve market on a global scale in the upcoming years, increasing patient preference toward hospitals for surgical procedures and a substantial increase in the number of hospitals in developing economies as a part of infrastructural development.
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Global Hemostasis Valve Market: Regional Analysis
By region, this global market is primarily divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. The Asia Pacific hemostasis valve market is likely to emerge as the fastest growing market globally in the years ahead. This can be attributed to the growing number of hospitals, rising geriatric population, and an increasing number of patients opting for interventional procedures. The North American region is the primary revenue generator in the hemostasis valve market globally and is projected to hold a major market share over the estimated time period. This can be attributed to the growing geriatric population and the rising number of cases related to interventional surgeries.
Global Hemostasis Valve Market: Competitive Players
Some most important players of the global hemostasis valve market are Argon Medical, Teleflex, Ceodeux Meditec, Armstrong Medical, Freudenberg Medical, Ambu, Abbott, GaltNeedleTech, Excel Medical Products, DeRoyal Industries, Scitech, Minivalve, B. Braun Melsungen, Qosina, Merit Medical, Boston Scientific, and St. Jude Medical, among others.
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Global Hemostasis Valve Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa