The latest
published report on “Middle
East and Africa Hemostats Market is expected to reach USD 134.3 million by
2024 from USD 103.7 million in 2016, at a CAGR of 3.2% in the forecast period
2017 to 2024”, the new market report contains data for historic years 2015, the
base year of calculation is 2016 and the forecast period is 2017 to 2024.
The major factors driving the growth of this market are
the increasing number of surgeries, increasing healthcare expenditure,
technological advancements, chronic condition and aging population. These
factors increase the demand of various hemostats agents. On the other hand weak
reimbursement and reluctance of surgeons towards acceptance of new products may
hinder the growth of the market.
·
No of pages: 350
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Report
Segmentation:
The
Middle
East and Africa hemostats market report is segmented on the basis of
product type, application, distribution channel, and end user. The Middle East
and Africa hemostats market is segmented into 5 major product types, namely
thrombin based hemostats, combination agents, oxidized regenerated cellulose
based haemostats, gelatin based haemostats and collagen based haemostats. In
2017, the thrombin based hemostats segment is expected to dominate the market
with a share of 40.8% and combination agents is expected to grow with the
highest CAGR during the forecast period from 2017 to 2024.
On
the basis of application, the market is segmented into surgery and wound
closure.
On
the basis of distribution channel, the market is segmented into direct tender
and retail.
On
the basis of end users, the market is classified into hospitals, community
healthcare, ambulatory centres and clinics. In 2017, the hospital segment is
expected to dominate the market and is expected to continue this trend till
2024.
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• No
of Figures: 60
Key
Drivers of Middle East and Africa (MEA) Hemostats Market:
Some of the major factors driving the market for hemostats
market are increasing number of surgeries, technological advancement,
increasing healthcare expenditure and infrastructure. These factors are
increasing the demand for different hemostatic agents.
o Reluctance of
surgeons towards new products may hinder the growth of this market.
o The weak
reimbursement scenario will hamper the growth of the market for new and
innovative therapies or hemostats products, causing companies to withdraw from
the market thus increasing the hospital costs putting all burdens onto the
patient for treatment.
• No of Tables: 220
Key Points of Middle East
and Africa (MEA) Hemostats Market:
Ethicon US LLC (U.S.) is dominating the hemostats
market followed by Pfizer and Gelita Medical, along with others such as
C.R. Bard, Baxter, Vascular Solutions, Inc., B. Braun Melsungen AG, Cura
Medical, Axio Biosolutions Private Limited., Anika Therapeutics, Inc., Arch
Therapeutics Inc., Aegis Lifesciences, CryoLife, Inc., Hemostasis, LLC,
MedTrade Products Limited, Integra LifeSciences Corporation, Altalayar Medical,
Stryker, Mallinckrodt, and Starch Medical among other companies.
o Combination
agents market is growing with the highest CAGR.
o Thrombin based
hemostats is driving the market with the highest market share.
o Surgery is
dominating the application segment in the hemostats market.
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Related Report
Global
Hemostats Market - Trends and Forecast to 2024
Global Hemostats
Market, By Product Type (Thrombin Based, Combination, Oxidized Regenerated
Cellulose Based, Gelatin Based, Collagen Based Hemostat), By Indication (Wound
Closure, Surgery), By End-User (Hospitals, Clinics, Ambulatory Centers,
Community Healthcare, Others), By Geography (North America, South America,
Europe, Asia-Pacific, Middle East and Africa) – Trends and Forecast to 2024
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