Global Hemostasis Valves Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Hemostasis Valves Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global hemostasis valves market report has been segmented on the basis of product type, applications, end user, and region.
Global Hemostasis Valves Market: Overview
Hemostasis valve are medical used devices that are designed to maintain hemostasis during introduction/withdrawal and use of diagnostic, and interventional devices. A hemostasis valve is routinely used in neuroendovascular procedures to decrease the risk of thromboembolism.
Global Hemostasis Valves Market: Dynamics
Increasing patient pool suffering from various diseases and rising demand for advanced hemostasis devices by hospitals and clinicians that aid in better treatment and meet procedural demands are major factor expected to drive growth of the global market. In addition, technological advances in hemostasis valves by manufactures that meet the professional preferences is another factor expected to support growth of the market over the forecast period.
Moreover, rising number of accident cases across the globe is resulting in increasing demand for hemostasis valves that have simple functionality, maximizes performance, and minimize leakage is another factor expected to support growth of the target market to certain extent. In addition, rising health concern among individual and increasing demand for hemostasis valves for various diagnostic and therapeutic producers is another factor expected to support growth of the target market to certain extent.
However, complex manufacturing process is a major factor expected to hamper growth of the global market. In addition, technical glitch is another factor expected to limit growth of the target market to certain extent.
In 2016, The US Food and Drug Administration issued a recall for Guardian II Hemostasis Valves manufactured by Vascular Solutions, Inc. This recall was due to increased risk of air leakage that may cause an air embolism.
Increasing investment by major players for technological advancements and development of innovative products is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, strategic expansion activities in order to increase profit share in the market is expected to further support growth of the target market to certain extent.
Global Hemostasis Valves Market: Segment Analysis
Among the product type segments, the one-handed hemostasis valves segment is expected to dominate in the target market over the forecast period.
Among the application segments, the hospitals segment is expected to dominate in the target market over the forecast period.
Global Hemostasis Valves Market: Region Analysis
The market in North America is expected to dominate in the global market and is expected to continue its dominance over the forecast period. This can be attributed to well-developed healthcare sector and presence of major manufactures operating in the countries in this region. In addition, growing merger and acquisition activities between regional and international players is expected to further support growth of the market in this region.
The market in Latin America is expected to witness moderate growth, owing to increasing government expenditure on healthcare sector and increasing presence of major manufacturers in economies such as Brazil and Argentina in this region.
Global Hemostasis Valves Market Segmentation
Segmentation by product type:
- One-Handed Hemostasis Valves
- Hemostasis Valve Y-Connectors
- Double Y-Connector Hemostasis Valves
Segmentation by application:
Segmentation by end user:
- Ambulatory Surgical Centers
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Boston Scientific Inc.
- Abbott Laboratories
- Argon Medical Devices, Inc.
- Braun Melsungen AG
- Deroyal Industries, Inc.
- Freudenberg Medical, LLC
- Merit Medical Systems, Inc.
- SciTech, Inc.
- Teleflex Incorporated
- Terumo Corporation
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