Global hemostasis valve market was valued US$ 130 Mn in 2017 and is expected to reach US$ 210.8 Mn by 2026, at a CAGR of 6.23 % during a forecast period.
Global Hemostasis Valve Market, by ApplicationHemostasis is the natural process, which stops blood loss during an injury or surgery and changing blood from a liquid to a gel. It involves coagulation, vasoconstriction, and platelet plug formation.
Hemostasis involves three steps:
• Vasoconstriction such as Vascular Spasm: Reduces blood flood in less swelling. Vasoconstriction is the narrowing of the blood vessels, which rises blood pressure but decrease blood flow & loss.
• Platelet Plug Formation: Platelets switch together to form a temporary seal to cover the break in the vessel wall.
• Coagulation: The process in which blood changes from a liquid to a gel.
The major driving factors of the global hemostasis valve market are to minimize blood loss during interventional procedures and increasing elderly population. However, complex monitoring procedures are limiting the growth of the market.
Y-adapters are used to seal off & reduce liquid loss during interventional & diagnostic procedures. The growing number of interventional procedures across the globe is a key factor driving the growth of the hemostasis valve Y-connectors segment in the global hemostasis valve market.
Angiography is leading the hemostasis valves market during the forecast period owing to the growing number of angiography procedures implemented worldwide. Angiography is used to detecting problems in the coronary arteries. Coronary arteries are the arteries of the coronary circulation, which circulate blood in the blood vessels and that supply the heart muscle. Angiography is also given the complete information about heart function & blood pressure, and oxygen levels in the blood as it passes through the heart. Angioplasty is used to open blocked heart arteries and restores normal blood flow to your heart muscle. Both procedures are complete in hospitals & clinics under local anaesthetic.
The hospital's segment is expected to account for the largest share of the global hemostasis valve market owing to the growing number of hospitals in emerging countries due to infrastructural development initiatives and a rising number of geriatric population and they mostly prefer hospitals for surgical procedures.
North America is projected to grow the largest share of the market followed by Europe and the Asia Pacific during the forecast period owing to the growing number of interventional surgeries and increasing geriatric population, rising awareness about health. The Asia Pacific is the fastest growing region in the global hemostasis valve market during the forecast period due to a growing population and the high growth is the improving healthcare infrastructure in this region.
The Key player operating in the global hemostasis valve market are St. Jude Medical, Merit Medical, Qosina, B. Braun, Minivalve, Excel Medical Products, GaltNeedleTech, Abbott, Ambu, Armstrong Medical, Ceodeux Meditec, and Teleflex.
The report covers a comprehensive study of major market drivers, restrains, opportunities, challenges, PESTEL, Porters, SWOT, and technological forecasting in the market.
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