According to the latest research by FMI, Pre-filled Hemostasis Agents Market is set to witness a 6.8 % growth during the year 2021-2031. Hemostasis is a major challenge, primarily in surgical procedures and trauma. Hemostasis agents are primarily in the form of fibrinogen concentrate, dried plasma, dried and synthetic platelets, tranexamic acid and topical hemostatic products.
The use of pre-filled hemostatic agents in pre-hospital trauma through combat or in civilian settings has led to a reduction in preventable deaths due to hemorrhage. This is one of the prime factors driving the growth and demand. Apart from this, the pre-filled hemostatic agents are ready to use and do not require on-site mixing or pre-application preparation.
The property of biocompatibility and low cost and ease of use of these agents have resulted in increased adoption in combat fields as well as a gradual adoption in pre-hospital trauma. These factors are expected to improve the product adoption, as well as demand during the forecast period.
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What is Driving Demand for Pre-filled Hemostasis Agents?
The key factors which drive the demand for the pre-filled hemostasis agents are the increasing number of surgical procedures like orthopedic procedures with respect to hip and knee replacement and hernia operations. Apart from these, the rise in the number of geriatric population and the prevalence of wounds and injuries associated with that have led to increased adoption of pre-filled hemostasis agents. The use of hemostasis agents in the field of cardiovascular surgery procedures for the efficient management of bleeding has also effectuated the application of the pre-filled hemostasis agents.
Which Factors are Likely to Augment Growth of Pre-filled Hemostasis Agents?
The advancement in technology in reference to the hemostatic agents and their applications in the field of medicine has aided patients with emergency assistance to prevent hemorrhage. The increasing growth of chronic diseases and injuries, high risk associated with heart diseases and birth defects and research apropos of disorders such as hemophilia also increase value of pre-filled hemostasis agents.
Global prevalence of diabetes is expected to reach 366 million by 2030 with current prevalence as 26.9% of population with age group of 65 and over and about 60% have cancer. Overall of 8-18% patients with cancer suffer from diabetes. This correlation is effectively justifiable in cases of diabetes induced cardiovascular risk. Hemostatic agents are thus effective during potential bleeding complications and hence expected to augment to the demand surge over the forecast period.
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US and Canada Pre-Filled Hemostasis Agents Outlook
The US dominates the global pre-filled hemostasis agents in terms of value. The growth is attributed to the increasing demand of surgical procedures in the North America region. In 2018, a record of about 210,454 people over the world suffered from hemophilia and out of those, about 18,008 people belonged to the US. The rising prevalence of bleeding disorders in North America has led to the adoption of hemostasis agents for bleeding management. Apart from this, the rising geriatric population in both US and Canada has attributed to wound and injury, as well as the advent of chronic diseases such as heart disorders and diabetes.
Europe Demand Outlook for Pre-filled Hemostasis Agents
The Europe pre-filled hemostasis agents application is experiencing an increase in the previously dormant initiation of the use of hemostasis agents during post-partum hemorrhage. According to the German Post-Partum Hemorrhage guidelines, the procedures for controlled bleeding management includes the use of pre-filled hemostasis agents, especially with patients suffering from hemophilia or von Willebrand disease. Germany thus holds a key share in the Europe pre-filled hemostasis agent application.
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Who are the Key Manufacturers and Suppliers of Pre-filled Hemostasis Agents?
The key manufacturers in the pre-filled hemostasis agents production and sales are
- Baxter International Inc.
- Pfizer Inc.
- Advance Medical Solutions Group
- Integra Life Sciences Corporation
- CryoLife, Inc.
- Medtronic Plc
- Vascular Solutions, Inc.
- C.R. Bard Incorporation
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