The report on Hemostats and Tissue Sealants Market by product type (hemostats, tissue sealants), by region
( Europe, Asia-Pacific, Rest of the World) trends analysis and forecasts up to 2023 studies the market sizes, key
trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the
World. According to the report the Global Hemostats and Tissue Sealants Market is projected to grow at a
CAGR between 8.5% and 9.0% in terms of value over the period of 2017-2023. The growth in the world market
is primarily driven by significant contribution by North America (Leading region) region to this market.
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Market Insights
The global hemostats and tissue sealants market was sized over USD 2.54 billion in 2015. The global hemostats
and tissue sealants market is projected to grow with a CAGR between 8.5% and 9.0% during 2017-2023.
Increasing in the number of surgeries worldwide, wide range of applications, patient safety and quick
recovery, and technology advancement are some of the key factors driving the growth of global hemostats
and tissue sealants market. Moreover, lack of awareness about these devices is a primary restraining factor in
the world hemostats and tissue sealants market. The medical devices need to go under several examinations
before they get approved thus there are strict regulatory rules to control are some of the key factors
restraining the growth of this market. Increasing popularity of MI procedures, Development of new tissue
sealants and hemostats are likely to bring more opportunities to this market.
Infinium Global Research