Press Release
Press Release
The global hemostats industry is driven by the rise in favourable government policies dominantly in North America. Increasing number of people going through surgeries is also helping with the growth of the industry. The growing research that has been done on hemostats to improve the operations has also affected the market growth positively. The market is also being supported by technological advancements in developing countries. In countries like China and India, the frequent cases of heart transplants and heart-related surgeries have significantly contributed to market expansion. The increased penetration of the leading companies in the region is also aiding the hemostat market growth. Meanwhile, the Middle East and Africa are expected to account for steady growth in market share in the forecast period due to the strong demand for better healthcare facilities as the number of surgery-related patients rises.
The growing focus of the leading players on expanding their presence across the key developing markets and increasing the variety of products is expected to significantly boost the industry growth over the forecast period. Teleflex Inc (NYSE: TFX) headquartered in Wayne, Pennsylvania, is an American provider of speciality medical devices for a range of procedures in critical care and surgery. Teleflex has annual revenues of USD 2.4 billion, operations in 40 countries, and more than 12,000 employees. In 2005, Teleflex launched d-stat flowable hemostat, which was shown to reduce the frequency of clinically relevant hematoma formation in pulse generator implants. Such developments are expected to have a positive influence on market growth over the forecast period.
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The major players in the global hemostat market are Teleflex Incorporated, B. Braun Melsungen AG, Integra LifeSciences Corporation, Pfizer Inc., Baxter International, Inc., and Johnson & Johnson Services, Inc. among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, technological advancements, and capacity expansions of the major players.
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