U.S. Hemostasis & Tissue Sealing Agents Market Size & Outlook
U.S. hemostasis & tissue sealing agents market, 2018-2030 (US$M)
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U.S. hemostasis & tissue sealing agents market highlights
- The U.S. hemostasis & tissue sealing agents market generated a revenue of USD 2,286.9 million in 2023 and is expected to reach USD 3,010.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, topical hemostat was the largest revenue generating product in 2023.
- Adhesive & tissue sealant is the most lucrative product segment registering the fastest growth during the forecast period.
Hemostasis & tissue sealing agents market data book summary
| Market revenue in 2023 | USD 2,286.9 million |
| Market revenue in 2030 | USD 3,010.5 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Topical hemostat |
| Fastest growing segment | Adhesive & tissue sealant |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Topical hemostat, Adhesive & tissue sealant |
| Key market players worldwide | Johnson & Johnson, Cryolife, Cohera Medical, Pfizer Inc, Becton Dickinson & Co, Baxter International Inc, HyperBranch Medical Technology, Zimmer Biomet Holdings Inc, B. Braun Medical, Smith & Nephew PLC, Advanced Medical Solutions, Integra Lifesciences Holdings Corp |
Other key industry trends
- In terms of revenue, U.S. accounted for 28.6% of the global hemostasis & tissue sealing agents market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. hemostasis & tissue sealing agents market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 576.3 million by 2030.
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Hemostasis & Tissue Sealing Agents Market Scope
Hemostasis & Tissue Sealing Agents Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. hemostasis & tissue sealing agents market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hemostasis & tissue sealing agents market will help companies and investors design strategic landscapes.
Topical hemostat was the largest segment with a revenue share of 65.78% in 2023. Horizon Databook has segmented the U.S. hemostasis & tissue sealing agents market based on topical hemostat, adhesive & tissue sealant covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. hemostasis and tissue sealing agents market is expected to grow rapidly by 2025. Drivers responsible for growth are increasing obese & geriatric population and growing demand for sealants to avoid postoperative risk of bleeding.
Moreover, interest of market players is growing in the underpenetrated hemostasis and tissue sealing agents market, which is driving innovation and development of new products in this market. Multifunctional products such as fibrin products, which offer both tissue sealing and hemostatic properties, are expected to witness high demand in this market.
Ethicon and Baxter are two companies that provide such products. However, the FDA approval process to gain approval for such devices in the U.S is strict. For instance, Oxiplex Gel Adhesion Barrier by FzioMed is available in over 70 countries, but is yet to be approved by the U.S. FDA.
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Target buyers of U.S. hemostasis & tissue sealing agents market databook
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Our clientele includes a mix of hemostasis & tissue sealing agents market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. hemostasis & tissue sealing agents market , including forecasts for subscribers. This country databook contains high-level insights into U.S. hemostasis & tissue sealing agents market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. hemostasis & tissue sealing agents market size, by product, 2018-2030 (US$M)
U.S. Hemostasis & Tissue Sealing Agents Market Outlook Share, 2023 & 2030 (US$M)
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