Harrisburg, NC -- (SBWIRE) -- 10/22/2020 -- Hemostasis Diagnostic Devices And Equipment Global Market Report 2020
The hemostasis diagnostic devices and equipment market consists of sales of hemostasis diagnostic devices. Hemostasis is a process of slowing and stopping the blood flow to initiate wound healing after a vascular injury. Hemostasis is the first step of healing a wound, it happens in three main stages, blood coagulation, platelet plug formation and lastly vasoconstriction. There are three types of devices which help speed up the hemostasis process, vascular closure devices (VCD), compression devices, and there are bandages coated with agents which will speeden the clotting process. With the help of hemostasis diagnostic devices we can predict the cause of bleeding during surgery by identifying any hemostatic defects which patients may have.
The Hemostasis Diagnostic Devices And Equipment market has been geographically segmented into North America, Western Europe, APAC, Eastern Europe, South America and Middle East & Africa. The North American Market is the largest market for Hemostasis Diagnostic Devices And Equipment and is expected to continue to do so during the forecast period
The global hemostasis diagnostic devices and equipment market was valued at about $3.2 billion in 2018 and is expected to grow to $4.16 billion at a CAGR of 6.8% through 2022..
Top Leading Companies mentioned are
C.R. Bard, Baxter International Inc., Pfizer Inc., Johnson & Johnson, Abbott Laboratories
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The increased liklihood of older people being diagnosed with a disease is drivng the number of surgeries such as cardio vascular diseases (CVD), using hemostasis devices. Due to the higher incidence of diseases with advancing age, there is an increase in the number of surgeries in elderly patients nowadays. These hemostasis devices are very efficient in speeding up the natural process of clotting in the blood and can monitor anticoagulation and transfusion therapy guidance in any surgery.
According to the American Heart Association report, 2013, americans older than 80 have a high risk of devoling a cardiovascular disease (CVD), around 83% of men and 87.1% of female will be suffering with any form of CVD, therefore, to improve the comfort of the patient and the success rate of surgeries as a result hemostasis devices have been implemented widely.
The use of hemostasis devices in hospitals or clinics requires a very lengthy approval procedure which is restraining the market. Before hemostasis devices can enter the market for commericial use they have to clear the regulations set by the Code of Federal Regulations (title 21). The process of approval consists firstly identification of the device, secondly classification of the device and finally the date of pre-market approval (PMA) or the notice of completion of prescription drug plan (PDP) is required. It is a very long and time consuming approval process which discourages new entrants from entering this market. For example, Cardiva medical Inc. had to wait for a processing period of four months before they received approval to change the existing equipment with a newer and modern one.
News and Latest Developments:
In the year 2018, Baxter international Inc., a leading American healthcare company acquired Mallinckrodt for $153 Million. The acquisition was done for the purchase and addition of hemostasis devices in the product portfolio of Baxter Inc. Mallinckrodt is an Irishtax registered manufacturer of specialty pharmaceuticals and imaging agents. This acquisition was done to enhance the product portfolio of Baxter Inc. with hemostats, particularly Recothrom and Preveleak. These devices are useful in vascular reconstructions to achieve hemostasis by sealing the leakage mechanically. When the Preveleak hemostat device was implemented the average surgery time was reduced by 15%.
Essential points covered in Global Hemostasis Diagnostic Devices And Equipment Market2020 Research are:-
What will the market size and the growth rate be in 2020?
What are the key factors driving the global Hemostasis Diagnostic Devices And Equipment market?
What are the key markets trends impacting the growth of the global Hemostasis Diagnostic Devices And Equipment market?
What are the challenges to market growth?
Who are the key vendors in the global Hemostasis Diagnostic Devices And Equipment market?
What are the market opportunities and threats faced by the vendors in the global Hemostasis Diagnostic Devices And Equipment market?
What are the key outcomes of the five forces analysis of the global Hemostasis Diagnostic Devices And Equipment market?
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This independent 300 page report guarantees you will remain better informed than your competition. With over figures examining the Hemostasis Diagnostic Devices And Equipment market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader's market revenue forecasts as well as analysis to 2020.
Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Hemostasis Diagnostic Devices And Equipment in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Furthermore, the report provides a detailed analysis of the global Hemostasis Diagnostic Devices And Equipment market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global Hemostasis Diagnostic Devices And Equipment market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
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The research includes historic data from 2014 to 2020 and forecasts until 2020 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Hemostasis Diagnostic Devices And Equipment on the basis of stating current situation of the industry in 2020 so as to make comprehensive organization and judgment on the competition situation and development trend of Hemostasis Diagnostic Devices And Equipment Market and assist manufacturers and Hemostasis Diagnostic Devices And Equipment organization to better grasp the development course of Hemostasis Diagnostic Devices And Equipment Market.
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