Hemostats Market
Report 2018 added by Data Bridge Market Research explores Middle East and
Africa (MEA) Hemostats Market size, share and growth with forecast to 2024.
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.
Middle East and Africa (MEA) Hemostats Market Company
Analysis:
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.
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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.
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 hemostats, gelatin based hemostats and collagen
based hemostats. 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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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.
Key Points of Middle East
and Africa (MEA) Hemostats Market:
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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