Hemostatic Valves Market Analysis By Type(Hemostasis Valve Y-Connectors, Double Y-Connector Hemostasis Valves, One-Handed Hemostasis Valves), By Application(Angiography, Angioplasty), By End-User(Hospitals, Ambulatory Surgical Centers) & Forecast 2024-2035
- PUBLISHED ON
- 11/23/2022
- NO OF PAGES
- 238
- CATEGORY
- Healthcare & Life Sciences
The global hemostatic valves market size was valued at USD 150 million in 2021 and is projected to reach around USD 250 million in 2030 exhibiting a CAGR of 6.0% in the forecasted period. The rising number of interventional procedures globally and the increasing patient pool suffering from several diseases are anticipated to drive the hemostasis valves market over the years. Likewise, increasing need for innovative hemostasis devices by hospitals & clinicians that help in better treatment and meet procedural demands are driving the hemostatic valves are projected to increase the market growth. On the other hand, fears about the risks related to hemostasis valves is one of the restraining factors limiting the growth.
As per the World Health Organization (WHO), cardiovascular diseases (CVDs) kill around 17.9 million people annually, accounting for nearly 31% of all deaths. Additionally, above 75% of CVD fatalities occur in low and middle-income nations. Moreover, the WHO evaluates that heart attacks and strokes record for 85% of all deaths. This is rising the demand for angiography and angioplasty procedures, which in turn is growing the demand for hemostasis valves. A hemostasis valve inhibits blood reflux, while an angiography catheter is introduced into a vessel.
Several countries have been rigorously faced hardest hit by the COVID-19 crisis, which has led to a decline in economic activities. However, as is the case in the UK and Germany, healthcare spending will drive demand for hemostasis valves. Despite the COVID-19 challenges, most nations have maintained a steady healthcare expenditure in 2020. For example, The UK health care spending is accounted at £177.7 billion. The robust evaluations for Europe's healthcare expenditure would offer lucrative chances for the medical device manufacturers to increase their product portfolio of hemostasis valve. The use of hemostasis valve during coronary angiography procedures is growing speedily due to the increase in the geriatric population.
Type Insights
Based on type, the market is segmented into hemostasis valve Y connector, double Y connector hemostasis valve, and one-handed hemostasis valve. The double Y connector hemostasis valve segment is expected to hold the maximum market share. The factors can be accredited to less side-effects of treatment and a high degree of accuracy.
Application Insights
On the basis of application, the market is bifurcated into angioplasty and angiography. The angiography segment is expected to hold the most substantial CAGR in the estimated period owing to the increasing number of coronary angiography procedures all over the world.
End User Insights
On the basis of end user, the market is bifurcated into hospitals, ambulatory surgical centers, and others. Hospitals are predicted to hold the largest market share. The factors can be attributed for the rising number of patients selecting hospitals for surgical procedures and an increasing number of hospitals in developing countries.
Region Insights
North America dominates the hemostatic valves market, due to growing presence of key players, technological development and rising prevalence of blood disorder disease. Moreover, demand for hemostasis valves in the US and Canada will be directed by the growing number of interventional procedures in the nation. The U.S. regulatory experts are actively accepting several cost-containment plans to decrease their healthcare burden. A value-based healthcare system in the U.S. is likely to impact investments in the R&D programs of ground-breaking hemostasis valves. Most of the important players are launching a new product in the U.S., which will further create chances in the market. For instance, in May 2019, Merit Medical Systems Inc. launched the Push, Hold and Deliver-PhD polycarbonate hemostasis valve, which permits surgeons and healthcare professionals to use the valve with one hand through interventional procedures.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period due to the increasing prevalence of hemophilia in the region.
Key Companies Insights
To stay competitive in the total market, players are using new approaches such as new product development, mergers and acquisitions, joint ventures, and geographic expansions. Some of the key players working in the global hemostatic valves market include:
· B. Braun Melsungen
· Abbott
· Boston Scientific
· Minivalve
· Teleflex Incorporated
· GaltNeedleTech
· DeRoyal Industries Inc.
· Excel Medical Products
· Argon Medical
· Freudenberg Medical
· SCITECH
· Ambu
· CeodeuxMeditec
· Armstrong Medical
· Merit Medical
· Qosina
· Other players
Some of the Recent Developments:
· In November 2020, Freudenberg Medical completed its global headquarters in Massachusetts and opened its new medical production capacity in Beverly, Massachusetts.
· In May 2019, Argon Medical acquired Mana-Tech, Ltd. This acquisition of Mana-Tech, Ltd. is anticipated to provide the company with substantial opportunities to increase its existence in the UK, Ireland, and throughout Europe
Segments
By Type
· Hemostasis Valve Y-Connectors
· Double Y-Connector Hemostasis Valves
· One-Handed Hemostasis Valves
· Others
By Application
· Angiography
· Angioplasty
By End-User
· Hospitals
· Ambulatory Surgical Centers
· Others
By RegionNorth America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Brazil
Middle East & Africa
Turkey
GCC Countries
Egypt
South Africa
Global Hemostatic Valves Market: Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Reasons to Purchase Hemostatic Valves Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Product Overview and Scope of Hemostatic Valves
1.2 Hemostatic Valves Segment by Type
1.2.1 Global Hemostatic Valves Sales Growth Rate Comparison by Type (2022-2030)
1.2.2 Rotating Hemostatic Valve
1.2.3 Copilot Hemostatic Valve
1.3 Hemostatic Valves Segment by Application
1.3.1 Hemostatic Valves Sales Comparison by Application: (2022-2030)
1.3.2 Interventional Surgery
1.3.3 Angiography Surgery
1.3.4 Others
1.4 Global Hemostatic Valves Market Size Estimates and Forecasts
1.4.1 Global Hemostatic Valves Revenue 2016-2030
1.4.2 Global Hemostatic Valves Sales 2016-2030
1.4.3 Hemostatic Valves Market Size by Region: 2016 Versus 2022 Versus 2030
2 Hemostatic Valves Market Competition by Manufacturers
2.1 Global Hemostatic Valves Sales Market Share by Manufacturers (2016-2021)
2.2 Global Hemostatic Valves Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Hemostatic Valves Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Hemostatic Valves Manufacturing Sites, Area Served, Product Type
2.5 Hemostatic Valves Market Competitive Situation and Trends
2.5.1 Hemostatic Valves Market Concentration Rate
2.5.2 The Global Top 5 and Top 10 Largest Hemostatic Valves Players Market Share by Revenue
2.5.3 Global Hemostatic Valves Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.6 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Hemostatic Valves Retrospective Market Scenario by Region
3.1 Global Hemostatic Valves Retrospective Market Scenario in Revenue by Region: 2016-2021
3.2 Global Hemostatic Valves Retrospective Market Scenario in Sales by Region: 2016-2021
3.3 North America Hemostatic Valves Market Facts & Figures by Country
3.3.1 North America Hemostatic Valves Sales by Country
3.3.2 North America Hemostatic Valves Revenue by Country
3.3.3 United States
3.3.4 Canada
3.3.3 Mexico
3.4 Europe Hemostatic Valves Market Facts & Figures by Country
3.4.1 Europe Hemostatic Valves Sales by Country
3.4.2 Europe Hemostatic Valves Revenue by Country
3.4.3 Germany
3.4.4 France
3.4.5 UK
3.4.6 Italy
3.4.7 Russia
3.5 Asia Pacific Hemostatic Valves Market Facts & Figures by Region
3.5.1 Asia Pacific Hemostatic Valves Sales by Region
3.5.2 Asia Pacific Hemostatic Valves Revenue by Region
3.5.3 China
3.5.4 Japan
3.5.5 South Korea
3.5.6 India
3.5.7 Australia
3.5.8 Indonesia
3.5.9 Thailand
3.5.10 Malaysia
3.5.11 Philippines
3.5.12 Vietnam
3.6 Latin America Hemostatic Valves Market Facts & Figures by Country
3.6.1 Latin America Hemostatic Valves Sales by Country
3.6.2 Latin America Hemostatic Valves Revenue by Country
3.6.3 Brazil
3.7 Middle East and Africa Hemostatic Valves Market Facts & Figures by Country
3.7.1 Middle East and Africa Hemostatic Valves Sales by Country
3.7.2 Middle East and Africa Hemostatic Valves Revenue by Country
3.7.3 Turkey
3.7.4 GCC Countries
3.7.5 Egypt
3.7.6 South Africa
4 Global Hemostatic Valves Historic Market Analysis by Type
4.1 Global Hemostatic Valves Sales Market Share by Type (2016-2021)
4.2 Global Hemostatic Valves Revenue Market Share by Type (2016-2021)
4.3 Global Hemostatic Valves Price by Type (2016-2021)
5 Global Hemostatic Valves Historic Market Analysis by Application
5.1 Global Hemostatic Valves Sales Market Share by Application (2016-2021)
5.2 Global Hemostatic Valves Revenue Market Share by Application (2016-2021)
5.3 Global Hemostatic Valves Price by Application (2016-2021)
6 Key Companies Profiled
6.1 Merit Medical
6.1.1 Merit Medical Corporation Information
6.1.2 Merit Medical Description and Business Overview
6.1.3 Merit Medical Hemostatic Valves Sales, Revenue and Gross Margin (2016-2021)
6.1.4 Merit Medical Product Portfolio
6.1.5 Merit Medical Recent Developments/Updates
6.2 Teleflex
6.2.1 Teleflex Corporation Information
6.2.2 Teleflex Description and Business Overview
6.2.3 Teleflex Hemostatic Valves Sales, Revenue and Gross Margin (2016-2021)
6.2.4 Teleflex Product Portfolio
6.2.5 Teleflex Recent Developments/Updates
6.3 Boston Scientific
6.3.1 Boston Scientific Corporation Information
6.3.2 Boston Scientific Description and Business Overview
6.3.3 Boston Scientific Hemostatic Valves Sales, Revenue and Gross Margin (2016-2021)
6.3.4 Boston Scientific Product Portfolio
6.3.5 Boston Scientific Recent Developments/Updates
6.4 EPTCA Medical
6.4.1 EPTCA Medical Corporation Information
6.4.2 EPTCA Medical Description and Business Overview
6.4.3 EPTCA Medical Hemostatic Valves Sales, Revenue and Gross Margin (2016-2021)
6.4.4 EPTCA Medical Product Portfolio
6.4.5 EPTCA Medical Recent Developments/Updates
6.5 Excel Medical Products
6.5.1 Excel Medical Products Corporation Information
6.5.2 Excel Medical Products Description and Business Overview
6.5.3 Excel Medical Products Hemostatic Valves Sales, Revenue and Gross Margin (2016-2021)
6.5.4 Excel Medical Products Product Portfolio
6.5.5 Excel Medical Products Recent Developments/Updates
6.6 Freudenberg Medical
6.6.1 Freudenberg Medical Corporation Information
6.6.2 Freudenberg Medical Description and Business Overview
6.6.3 Freudenberg Medical Hemostatic Valves Sales, Revenue and Gross Margin (2016-2021)
6.6.4 Freudenberg Medical Product Portfolio
6.6.5 Freudenberg Medical Recent Developments/Updates
6.7 Vascular Solutions Inc.
6.6.1 Vascular Solutions Inc. Corporation Information
6.6.2 Vascular Solutions Inc. Description and Business Overview
6.6.3 Vascular Solutions Inc. Hemostatic Valves Sales, Revenue and Gross Margin (2016-2021)
6.4.4 Vascular Solutions Inc. Product Portfolio
6.7.5 Vascular Solutions Inc. Recent Developments/Updates
6.8 Medtronic, Inc.
6.8.1 Medtronic, Inc. Corporation Information
6.8.2 Medtronic, Inc. Description and Business Overview
6.8.3 Medtronic, Inc. Hemostatic Valves Sales, Revenue and Gross Margin (2016-2021)
6.8.4 Medtronic, Inc. Product Portfolio
6.8.5 Medtronic, Inc. Recent Developments/Updates
6.9 Isla Lab
6.9.1 Isla Lab Corporation Information
6.9.2 Isla Lab Description and Business Overview
6.9.3 Isla Lab Hemostatic Valves Sales, Revenue and Gross Margin (2016-2021)
6.9.4 Isla Lab Product Portfolio
6.9.5 Isla Lab Recent Developments/Updates
7 Hemostatic Valves Manufacturing Cost Analysis
7.1 Hemostatic Valves Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Key Suppliers of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.3 Manufacturing Process Analysis of Hemostatic Valves
7.4 Hemostatic Valves Industrial Chain Analysis
8 Marketing Channel, Distributors and Customers
8.1 Marketing Channel
8.2 Hemostatic Valves Distributors List
8.3 Hemostatic Valves Customers
9 Hemostatic Valves Market Dynamics
9.1 Hemostatic Valves Industry Trends
9.2 Hemostatic Valves Growth Drivers
9.3 Hemostatic Valves Market Challenges
9.4 Hemostatic Valves Market Restraints
10 Global Market Forecast
10.1 Hemostatic Valves Market Estimates and Projections by Type
10.1.1 Global Forecasted Sales of Hemostatic Valves by Type (2022-2030)
10.1.2 Global Forecasted Revenue of Hemostatic Valves by Type (2022-2030)
10.2 Hemostatic Valves Market Estimates and Projections by Application
10.2.1 Global Forecasted Sales of Hemostatic Valves by Application (2022-2030)
10.2.2 Global Forecasted Revenue of Hemostatic Valves by Application (2022-2030)
10.3 Hemostatic Valves Market Estimates and Projections by Region
10.3.1 Global Forecasted Sales of Hemostatic Valves by Region (2022-2030)
10.3.2 Global Forecasted Revenue of Hemostatic Valves by Region (2022-2030)
11 Research Finding and Conclusion
12 Methodology and Data Source
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Author List
12.4 Disclaimer
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