Absorbable Hemostats Market is segmented By Type (Thrombin-Based Hemostats, Oxidized Regenerated Cellulose-Based Hemostats, Gelatin-Based Hemostats, Collagen-Based Hemostats, Others), By Formulant (Matrix & Gel Hemostats, Sponge Hemostats, Powder Hemostats, Others), By Application (Neurosurgery, Orthopedic Surgery, General Surgery, Reconstructive SurgeryOthers), By End-User (Hospitals and Clinics, Ambulatory Surgical Centers, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned segments.
Market Size in USD
CAGR6.5%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 6.5% |
Market Concentration | High |
Major Players | B. Braun, Baxter, Johnson & Johnson, BD, Cura Medical |
The absorbable hemostats market is estimated to be valued at USD 2.87 Bn in 2024 and is expected to reach USD 4.455 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. Absorbable hemostats are increasingly being adopted by healthcare professionals owing to their ability to aid in homeostasis and get absorbed by the body after surgery.