Hemostat Market

Market Insights on Hemostat covering sales outlook, demand forecast & up-to-date key trends

Hemostat Market By Product Type (Mechanical type, Flowable type), Product Material Base (Gelatin, Oxidized cellulose), Application (Surgery, Trauma cases), Distribution Channel (Hospitals, Ambulatory Surgical Centers, Clinics, Online Channels) & Region - Forecast to 2016-2025

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Introduction

Hemostat is a chemical agent that is used for wound closure and prevents from excessive blood flow. Hemostats are highly effective products used during surgeries and operations to control blood loss. These products come in different forms such as sponges, gauzes, strips, films, powders and others. Increasing geriatric population and rising adoption of hemostat products by medical practitioners is expected to drive growth of the India hemostat market.

However, there is low acceptance among medical practitioners and healthcare professional owing to low awareness. Hence, creating awareness among key opinion leaders such as healthcare professionals could open up opportunities for growth of the India hemostat market in the near future.

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Market Value and Forecast

In 2015, the Indian hemostat market was valued at US$ 54.1 Mn and is expected to expand at a CAGR of 5.8% over 2016–2025. This expected growth is attributed to advancements in hemostat products and increasing adoption of hemostat products by medical practitioner and surgeons, fuelled by an increase in number of surgeries and trauma cases across the country.

Market Dynamics

Economic factors such as rise in disposable income and provision of medical reimbursement policies are expected to drive market growth in the country. Surgeons shifting from traditional to new conventional methods for blood clotting is fuelling growth of hemostat market in India. However, various factors such as lower awareness of hemostat, high priced products and government regulations for hemostat is expected to inhibit market growth.

Market Segmentation by Product Type

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By product type, the India hemostat market is segmented into mechanical type and flowable type. Mechanical type segment includes gauzes, sponges, strips and films, and flowable type includes powder type segment. Currently, the mechanical type segment accounts for highest market share in the India hemostat market, and is expected to continue to remain the dominant type in terms of value during the forecast period as preference for this type among healthcare professional is high.

Market Segmentation by Product Material Form

By product material form, the hemostat market is segmented into gelatin material and oxidised cellulose material segments. Gelatin material is used for manufacturing gauzes, sponges, films, strips and powder and oxidised cellulose is used in hemostat strips. Currently the gelatin material form accounts for highest market share in the India hemostat market, and this trend is expected to continue in terms of value during the forecast period. This is attributed to high preference among healthcare professionals for this type of product as it absorbs blood more quickly.

Market Segmentation by Application

In terms of application, hemostat are used during surgeries and this segment is expected to account for over 50% of the revenue generated in the India’s hemostat market. Revenue from the trauma cases is expected to increase at the highest CAGR over the forecast period as compared to surgeries.

Sabyasachi Ghosh

Principal Consultant

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Market Segmentation by Distribution Channel

By distribution channel, hospital segment is expected to register an exceptional CAGR during the forecast period owing to increase in adoption rate of hemostat products and acceptance of these products by surgeons and medical practitioners. Ambulatory surgical centre segment is expected to exhibit a constant market share owing to high patient inflow at ASCs due to reimbursement for surgeries from insurance payer, which will result in decreased healthcare expenditure.

Key Players

Key market players covered in this report are Johnson and Johnson (Ethicon), Baxter, Aegis Lifesciences, Eucare Pharmaceuticals and Mil Laboratories.

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Key Segments Covered

Segmentation on basis of Product Type

Mechanical type
Flowable type

Segmentation on basis of Product Material Base

Gelatin
Oxidized cellulose

Segmentation on basis of Application

Surgery
Trauma cases

Segmentation on basis of Distribution Channel

Hospitals
Ambulatory Surgical Centers
Clinics
Online Channels

Segmentation on basis of Geography
India

Frequently Asked Questions

What is the Growth Outlook for India Hemostat Market?

The India Hemostat market is likely to secure a CAGR of 5.5% through 2032.

By 2032, how much can the India Hemostat Market Grow?

The India Hemostat market size is estimated to cross US$ 134.43 Mn by 2032.

What is the Current Valuation of the India Hemostat Market?

The India Hemostat market is likely to record a value of US$ 78.70 Mn in 2022.

Which is a Key Hemostat Market at a Global Level?

India is likely to lead the Hemostat market.

Table of Content

1. Assumptions and Acronyms Used

2. Research Methodology

3. Executive Summary

4. India Market Overview

    4.1. Introduction

        4.1.1. India Market Definition

        4.1.2. India Market Taxonomy

    4.2. India Market Product Overview

    4.3. India Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunity

        4.3.4. Primary Insights for Products in India

        4.3.5. PEST Analysis

    4.4. India Market Forecast, 2016-2026

        4.4.1. Market Value Forecast

            4.4.1.1. Y-o-Y Growth Projections

            4.4.1.2. Absolute $ Opportunity

    4.5. India Market Trends

    4.6. India Market Snapshot (2015)

        4.6.1. Market Share, By Product

        4.6.2. Market Share, By End User

5. India Market Analysis, By Product

    5.1. Introduction

        5.1.1. Y-o-Y Growth Comparison, By Product

        5.1.2. Market Share & Basis Point (BPS) Analysis, By Product

    5.2. India Market Forecast, By Material -base

        5.2.1. Porcine Gelatin

            5.2.1.1. Absolute $ Opportunity

            5.2.1.2. Market Value Forecast

        5.2.2. Oxidized regenerated cellulose

            5.2.2.1. Absolute $ Opportunity

            5.2.2.2. Market Value Forecast

    5.3. India Market Attractiveness Analysis, By Material

    5.4. India Market Prominent Trends, By Material

    5.5. India Market Forecast, By Product Form

        5.5.1. Mechanical

            5.5.1.1. Absolute $ Opportunity

            5.5.1.2. Market Value Forecast

        5.5.2. Flowable

            5.5.2.1. Absolute $ Opportunity

            5.5.2.2. Market Value Forecast

    5.6. India Market Attractiveness Analysis, By Forms

    5.7. India Market Prominent Trends, By Forms

6. India Market Analysis, By Applications

    6.1. Introduction

        6.1.1. Y-o-Y Growth Comparison, By

        6.1.2. Market Share & Basis Point (BPS) Analysis, By

    6.2. India Market Forecast, By Applications

        6.2.1. Surgery

            6.2.1.1. Absolute $ Opportunity

            6.2.1.2. Market Value Forecast

        6.2.2. Trauma Cases

            6.2.2.1. Absolute $ Opportunity

            6.2.2.2. Market Value Forecast

    6.3. India Market Attractiveness Analysis, By Applications

    6.4. India Market Prominent Trends, By Applications

7. India Market Analysis, By Distribution Channels

    7.1. Introduction

        7.1.1. Y-o-Y Growth Comparison, By Distribution Channel

        7.1.2. Market Share & Basis Point (BPS) Analysis, By Distribution Channel

    7.2. India Market Forecast, By Distribution Channel

        7.2.1. Hospitals and Surgical Centers

            7.2.1.1. Absolute $ Opportunity

            7.2.1.2. Market Value Forecast

        7.2.2. Clinics

            7.2.2.1. Absolute $ Opportunity

            7.2.2.2. Market Value Forecast

        7.2.3. Ambulatory Services

            7.2.3.1. Absolute $ Opportunity

            7.2.3.2. Market Value Forecast

        7.2.4. Online Channels

            7.2.4.1. Absolute $ Opportunity

            7.2.4.2. Market Value Forecast

    7.3. India Market Attractiveness Analysis, By Distribution Channel

    7.4. India Market Prominent Trends, By Distribution Channel

    7.5. Drivers & Restraints: Impact Analysis

8. Competition Landscape

    8.1. Competition Dashboard

    8.2. Company Profiles

        8.2.1. Revenue

        8.2.2. Products/Brand Offerings

        8.2.3. Key developments

        8.2.4. SWOT Analysis

        8.2.5. Company Highlights

            8.2.5.1. Ethicon US, LLC

            8.2.5.2. Aegis Lifesciences

            8.2.5.3. Eucare

            8.2.5.4. Mil Laboratories

9. Key Takeaways and Strategic Recommendations

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List of Tables

Table 1: India Market Value Forecast By Product Form, 2014–2025 (US$ Mn)

Table 2: India Market Volume Forecast By Product Form, 2014–2025 (Units)

Table 3: India Market Value Forecast By Product Base, 2014–2025 (US$ Mn)

Table 4: India Market Value Forecast By Application, 2014–2025 (US$ Mn)

Table 5: India Market Value Forecast By Distribution Channel, 2014–2025 (US$ Mn)

Sabyasachi Ghosh

Principal Consultant

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Find your sweet spots for generating winning opportunities in this market.

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List of Charts

Figure 1 India Market, By End User (Value), 2015

Figure 2 India Market , By Product Form (Value), 2015

Figure 3 India Market By Application (Value), 2015

Figure 4 India Market By Product -base (Value), 2015

Figure 5: India Market Value (US$ Mn), 2014–2025

Figure 6 India Market Value and Forecast By Product Form, 2015 & 2025 (US$ Mn)

Figure 7: India Market Value Share By Product Forms, 2015–2025

Figure 8: India Market Y-o-Y Growth Rate By Product Form, 2015–2025

Figure 9: India Market Value (US$ Mn) & Y-o-Y Growth By Mechanical Product Form Segment, 2014–2025

Figure 10: India Market Absolute $ Opportunity (US$ Mn) By Mechanical Product Form Segment, 2014–2025

Figure 11: India Market Value (US$ Mn) & Y-o-Y Growth By Flowable Product Form Segment, 2014–2025

Figure 12: India Market Absolute $ Opportunity (US$ Mn) By Flowable Product Form Segment, 2014–2025

Figure 13: India Market Attractiveness Analysis By Product Form, 2015–2025

Figure 14 India Market Value and Forecast By Product Base, 2015 & 2025 (US$ Mn)

Figure 15: India Market Value Share By Product Base, 2015–2025

Figure 16: India Market Y-o-Y Growth Rate By Product Base, 2015–2025

Figure 17: India Market Value (US$ Mn) & Y-o-Y Growth By Gelatin Product Base Segment, 2014–2025

Figure 18: India Market Absolute $ Opportunity (US$ Mn) By Gelatin Product Base Segment, 2014–2025

Figure 19: India Market Value (US$ Mn) & Y-o-Y Growth By Cellulose Product Base Segment, 2014–2025

Figure 20: India Market Absolute $ Opportunity (US$ Mn) By Cellulose Product Base Segment, 2014–2025

Figure 21: India Market Attractiveness Analysis By Product Base Material, 2015–2025

Figure 22 India Market Value and Forecast By Application, 2015 & 2025 (US$ Mn)

Figure 23: India Market Value Share By Application, 2015–2025

Figure 24: India Market Y-o-Y Growth Rate By Application, 2015–2025

Figure 25: India Market Value (US$ Mn) & Y-o-Y Growth By Surgeries Segment, 2014–2025

Figure 26: India Market Absolute $ Opportunity (US$ Mn) By Surgeries Segment, 2014–2025

Figure 27: India Market Value (US$ Mn) & Y-o-Y Growth By Trauma Cases- Application Segment, 2014–2025

Figure 28: India Market Absolute $ Opportunity (US$ Mn) By Trauma Cases- Application Segment, 2014–2025

Figure 29: India Market Attractiveness Analysis By Application, 2015–2025

Figure 30 India Market Value and Forecast By Distribution Channel, 2015 & 2025 (US$ Mn)

Figure 31: India Market Value Share By Distribution Channel, 2015–2025

Figure 32: India Market Y-o-Y Growth Rate By Distribution Channel, 2015–2025

Figure 33: India Market Value (US$ Mn) & Y-o-Y Growth By Hospitals Distribution Channel Segment, 2014–2025

Figure 34: India Market Absolute $ Opportunity (US$ Mn) By Hospitals Distribution Channel Segment, 2014–2025

Figure 35: India Market Value (US$ Mn) & Y-o-Y Growth By Distribution Channel- Ambulatory Surgical Centers , 2014–2025

Figure 36: India Market Absolute $ Opportunity (US$ Mn) By Distribution Channel- Ambulatory Surgical Centers , 2014–2025

Figure 37: India Market Value (US$ Mn) & Y-o-Y Growth By Clinics Segment , 2014–2025

Figure 38: India Market Absolute $ Opportunity (US$ Mn) By Clinics Segment , 2014–2025

Figure 39: India Market Value (US$ Mn) & Y-o-Y Growth By Online Channel Segment, 2014–2025

Figure 40: India Market Absolute $ Opportunity (US$ Mn) By Online Channel Segment, 2014–2025

Figure 41: India Market Attractiveness Analysis By Distribution Channel, 2015–2025