Hemostasis Valve Market
Hemostasis Valve Market Forecasts to 2028 - Global Analysis By Type (One-handed Hemostasis Valves, Double Y-connector Hemostasis Valves, Hemostasis Valve Y-connectors and Other Types), Application, End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $172.2 BN |
|
Projected Year Value (2028) |
US $255.6 BN |
|
CAGR (2022 - 2028) |
6.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Hemostasis Valve Market is accounted for $172.2 billion in 2022 and is expected to reach $255.6 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Hemostasis valve sets are used to connect or introduce catheters and guide wires during surgery. When interventional devices are placed into the human circulatory system, hemostasis valve is intended to be employed as a conduit. In neuroendovascular surgeries, a hemostasis valve is typically employed to lower the risk of thrombosis. A new hemostasis valve that is intended to minimise blood loss has also been developed.
According to the World Health Organization (WHO), CVDs are responsible for approximately 17.9 million deaths each year, making them the leading cause of death globally.
Market Dynamics:
Driver:
Rise in prevalence of cardiovascular diseases
Hemostasis valves are frequently employed during cardiovascular procedures to stop blood loss and lessen the possibility of problems. A category of conditions known as cardiovascular illnesses damage the heart and blood arteries. By assisting surgeons in controlling bleeding and reducing complications, hemostasis valves are essential in these operations. Increase in prevalence of cardiovascular diseases is one of the key drivers of the market.
Restraint:
Lack of awareness
The general population has little knowledge of hemostasis valves. There is a shortage of knowledge on these gadgets. The availability of hemostasis valves is limited. The body is fitted with hemostasis valves to regulate bleeding. A blood clot developing in the valve is a possibility known as valve thrombosis. Additionally, it is anticipated that technical issues and the potential for air embolism caused by the hemostasis valve may restrain market expansion.
Opportunity:
Growth in demand for minimally invasive surgeries
Smaller incisions during surgery are referred to as minimally invasive techniques. Due to the advantages these procedures provide over more conventional procedures, they are becoming more and more popular. Due to its role in regulating bleeding during minimally invasive surgeries, this valve is a crucial part of those operations. Therefore, a rise in the use of less invasive procedures is driving market expansion.
Threat:
High Cost of Hemostasis Valves
Metals, polymers, and ceramics are just a few of the materials used to make hemostasis valves. The production process is intricate, and these materials are pricey. Hemostasis valves are hence costly. One of the biggest issues facing the market is the price of hemostasis valves. The expensive price of hemostasis valves and the scarcity of qualified doctors, however, are limiting market expansion.
Covid-19 Impact
Numerous people are becoming infected with COVID-19, which has led to a sharp increase in the amount of available management equipment. There are many different equipment, but respiratory support devices such atomizers, oxygen generators, life support machines, and monitors are among the most commonly utilised medical devices in critical clinical treatment. Gloves, masks, and protective eyewear are just a few of the medical products that might be employed as personal protection equipment as a result of the pandemic. Both medical experts and the general public have noticed an increase in such devices and personal protection equipment as preventative measures.
The hemostasis valve y-connectors segment is expected to be the largest during the forecast period
The hemostasis valve y-connectors segment is estimated to have a lucrative growth, due to they are increasingly used in various medical procedures. Y-connectors give catheterization procedures a reliable seal. They are very simple to use and require little training for medical personnel. Furthermore, superior designs that offer greater efficacy and a lower risk of infection have been made possible by technological breakthroughs in hemostasis valves.
The hospitals segment is expected to have the highest CAGR during the forecast period
The hospitals segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the increase in prevalence of cardiovascular diseases. This is partly because there are more hospitals in developing nations as a result of initiatives for infrastructure construction and a rise in the number of patients who want to have surgery in a hospital. Infrastructures including wholesome food, support services, a positive environment, and patient safety will play a significant role in raising demand for hospitals.
Region with Largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the rise in prevalence of cardiovascular diseases. The market value is also being boosted by rising healthcare costs and an increase in demand for minimally invasive surgeries. Regional investment is also due to growing sector leaders' interest and spending as well as continuous collaborative projects. Additionally, expanding hospital numbers and medical tourism are some of the elements influencing the development of the regional sector.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the elevated prevalence of cancer coupled with strategic policies and investment in the healthcare sector. This is brought on by the rising incidence of cardiovascular disorders and patients' choice for minimally invasive procedures. The region's growth is being fueled by reasons such as an increase in senior population, interventional surgery demand, and health awareness.
Key players in the market
Some of the key players profiled in the Hemostasis Valve Market include Terumo Corporation, Freudenberg Medical, Boston Scientific Corporation, Merit Medical Systems, Teleflex Incorporated, B. Braun Melsungen, Argon Medical, DeRoyal Industries, Abbott Laboratories , Argon Medical Devices, Excel Medical Products, Qosina Corporation and Scitech.
Key Developments:
In December 2020, Teleflex Incorporated, a leading global provider of health – care items and services, announced that it has completed the announced acquisition of Z-Medica, LLC, a sector manufacturing company of hemostatic products.
In November 2020, Freudenberg Medical recently built its worldwide headquarters in Massachusetts and its new medical production facility in Beverly, Massachusetts.
Types Covered:
• One-handed Hemostasis Valves
• Double Y-connector Hemostasis Valves
• Hemostasis Valve Y-connectors
• Other Types
Applications Covered:
• Angioplasty
• Angiography
• Interventional Cardiology & Radiology
• Other Applications
End Users Covered:
• Hospitals
• Ambulatory Surgery Centers
• Specialty Clinics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Hemostasis Valve Market, By Type
5.1 Introduction
5.2 One-handed Hemostasis Valves
5.3 Double Y-connector Hemostasis Valves
5.4 Hemostasis Valve Y-connectors
5.5 Other Types
6 Global Hemostasis Valve Market, By Application
6.1 Introduction
6.2 Angioplasty
6.3 Angiography
6.4 Interventional Cardiology & Radiology
6.5 Other Applications
7 Global Hemostasis Valve Market, By End User
7.1 Introduction
7.2 Hospitals
7.3 Ambulatory Surgery Centers
7.4 Specialty Clinics
7.5 Other End Users
8 Global Hemostasis Valve Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Terumo Corporation
10.2 Freudenberg Medical
10.3 Boston Scientific Corporation
10.4 Merit Medical Systems
10.5 Teleflex Incorporated
10.6 B. Braun Melsungen
10.7 Argon Medical
10.8 DeRoyal Industries
10.9 Abbott Laboratories
10.10 Argon Medical Devices
10.11 Excel Medical Products
10.12 Qosina Corporation
10.13 Scitech
List of Tables
1 Global Hemostasis Valve Market Outlook, By Region (2020-2028) ($MN)
2 Global Hemostasis Valve Market Outlook, By Type (2020-2028) ($MN)
3 Global Hemostasis Valve Market Outlook, By One-handed Hemostasis Valves (2020-2028) ($MN)
4 Global Hemostasis Valve Market Outlook, By Double Y-connector Hemostasis Valves (2020-2028) ($MN)
5 Global Hemostasis Valve Market Outlook, By Hemostasis Valve Y-connectors (2020-2028) ($MN)
6 Global Hemostasis Valve Market Outlook, By Other Types (2020-2028) ($MN)
7 Global Hemostasis Valve Market Outlook, By Application (2020-2028) ($MN)
8 Global Hemostasis Valve Market Outlook, By Angioplasty (2020-2028) ($MN)
9 Global Hemostasis Valve Market Outlook, By Angiography (2020-2028) ($MN)
10 Global Hemostasis Valve Market Outlook, By Interventional Cardiology & Radiology (2020-2028) ($MN)
11 Global Hemostasis Valve Market Outlook, By Other Applications (2020-2028) ($MN)
12 Global Hemostasis Valve Market Outlook, By End User (2020-2028) ($MN)
13 Global Hemostasis Valve Market Outlook, By Hospitals (2020-2028) ($MN)
14 Global Hemostasis Valve Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
15 Global Hemostasis Valve Market Outlook, By Specialty Clinics (2020-2028) ($MN)
16 Global Hemostasis Valve Market Outlook, By Other End Users (2020-2028) ($MN)
17 North America Hemostasis Valve Market Outlook, By Country (2020-2028) ($MN)
18 North America Hemostasis Valve Market Outlook, By Type (2020-2028) ($MN)
19 North America Hemostasis Valve Market Outlook, By One-handed Hemostasis Valves (2020-2028) ($MN)
20 North America Hemostasis Valve Market Outlook, By Double Y-connector Hemostasis Valves (2020-2028) ($MN)
21 North America Hemostasis Valve Market Outlook, By Hemostasis Valve Y-connectors (2020-2028) ($MN)
22 North America Hemostasis Valve Market Outlook, By Other Types (2020-2028) ($MN)
23 North America Hemostasis Valve Market Outlook, By Application (2020-2028) ($MN)
24 North America Hemostasis Valve Market Outlook, By Angioplasty (2020-2028) ($MN)
25 North America Hemostasis Valve Market Outlook, By Angiography (2020-2028) ($MN)
26 North America Hemostasis Valve Market Outlook, By Interventional Cardiology & Radiology (2020-2028) ($MN)
27 North America Hemostasis Valve Market Outlook, By Other Applications (2020-2028) ($MN)
28 North America Hemostasis Valve Market Outlook, By End User (2020-2028) ($MN)
29 North America Hemostasis Valve Market Outlook, By Hospitals (2020-2028) ($MN)
30 North America Hemostasis Valve Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
31 North America Hemostasis Valve Market Outlook, By Specialty Clinics (2020-2028) ($MN)
32 North America Hemostasis Valve Market Outlook, By Other End Users (2020-2028) ($MN)
33 Europe Hemostasis Valve Market Outlook, By Country (2020-2028) ($MN)
34 Europe Hemostasis Valve Market Outlook, By Type (2020-2028) ($MN)
35 Europe Hemostasis Valve Market Outlook, By One-handed Hemostasis Valves (2020-2028) ($MN)
36 Europe Hemostasis Valve Market Outlook, By Double Y-connector Hemostasis Valves (2020-2028) ($MN)
37 Europe Hemostasis Valve Market Outlook, By Hemostasis Valve Y-connectors (2020-2028) ($MN)
38 Europe Hemostasis Valve Market Outlook, By Other Types (2020-2028) ($MN)
39 Europe Hemostasis Valve Market Outlook, By Application (2020-2028) ($MN)
40 Europe Hemostasis Valve Market Outlook, By Angioplasty (2020-2028) ($MN)
41 Europe Hemostasis Valve Market Outlook, By Angiography (2020-2028) ($MN)
42 Europe Hemostasis Valve Market Outlook, By Interventional Cardiology & Radiology (2020-2028) ($MN)
43 Europe Hemostasis Valve Market Outlook, By Other Applications (2020-2028) ($MN)
44 Europe Hemostasis Valve Market Outlook, By End User (2020-2028) ($MN)
45 Europe Hemostasis Valve Market Outlook, By Hospitals (2020-2028) ($MN)
46 Europe Hemostasis Valve Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
47 Europe Hemostasis Valve Market Outlook, By Specialty Clinics (2020-2028) ($MN)
48 Europe Hemostasis Valve Market Outlook, By Other End Users (2020-2028) ($MN)
49 Asia Pacific Hemostasis Valve Market Outlook, By Country (2020-2028) ($MN)
50 Asia Pacific Hemostasis Valve Market Outlook, By Type (2020-2028) ($MN)
51 Asia Pacific Hemostasis Valve Market Outlook, By One-handed Hemostasis Valves (2020-2028) ($MN)
52 Asia Pacific Hemostasis Valve Market Outlook, By Double Y-connector Hemostasis Valves (2020-2028) ($MN)
53 Asia Pacific Hemostasis Valve Market Outlook, By Hemostasis Valve Y-connectors (2020-2028) ($MN)
54 Asia Pacific Hemostasis Valve Market Outlook, By Other Types (2020-2028) ($MN)
55 Asia Pacific Hemostasis Valve Market Outlook, By Application (2020-2028) ($MN)
56 Asia Pacific Hemostasis Valve Market Outlook, By Angioplasty (2020-2028) ($MN)
57 Asia Pacific Hemostasis Valve Market Outlook, By Angiography (2020-2028) ($MN)
58 Asia Pacific Hemostasis Valve Market Outlook, By Interventional Cardiology & Radiology (2020-2028) ($MN)
59 Asia Pacific Hemostasis Valve Market Outlook, By Other Applications (2020-2028) ($MN)
60 Asia Pacific Hemostasis Valve Market Outlook, By End User (2020-2028) ($MN)
61 Asia Pacific Hemostasis Valve Market Outlook, By Hospitals (2020-2028) ($MN)
62 Asia Pacific Hemostasis Valve Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
63 Asia Pacific Hemostasis Valve Market Outlook, By Specialty Clinics (2020-2028) ($MN)
64 Asia Pacific Hemostasis Valve Market Outlook, By Other End Users (2020-2028) ($MN)
65 South America Hemostasis Valve Market Outlook, By Country (2020-2028) ($MN)
66 South America Hemostasis Valve Market Outlook, By Type (2020-2028) ($MN)
67 South America Hemostasis Valve Market Outlook, By One-handed Hemostasis Valves (2020-2028) ($MN)
68 South America Hemostasis Valve Market Outlook, By Double Y-connector Hemostasis Valves (2020-2028) ($MN)
69 South America Hemostasis Valve Market Outlook, By Hemostasis Valve Y-connectors (2020-2028) ($MN)
70 South America Hemostasis Valve Market Outlook, By Other Types (2020-2028) ($MN)
71 South America Hemostasis Valve Market Outlook, By Application (2020-2028) ($MN)
72 South America Hemostasis Valve Market Outlook, By Angioplasty (2020-2028) ($MN)
73 South America Hemostasis Valve Market Outlook, By Angiography (2020-2028) ($MN)
74 South America Hemostasis Valve Market Outlook, By Interventional Cardiology & Radiology (2020-2028) ($MN)
75 South America Hemostasis Valve Market Outlook, By Other Applications (2020-2028) ($MN)
76 South America Hemostasis Valve Market Outlook, By End User (2020-2028) ($MN)
77 South America Hemostasis Valve Market Outlook, By Hospitals (2020-2028) ($MN)
78 South America Hemostasis Valve Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
79 South America Hemostasis Valve Market Outlook, By Specialty Clinics (2020-2028) ($MN)
80 South America Hemostasis Valve Market Outlook, By Other End Users (2020-2028) ($MN)
81 Middle East & Africa Hemostasis Valve Market Outlook, By Country (2020-2028) ($MN)
82 Middle East & Africa Hemostasis Valve Market Outlook, By Type (2020-2028) ($MN)
83 Middle East & Africa Hemostasis Valve Market Outlook, By One-handed Hemostasis Valves (2020-2028) ($MN)
84 Middle East & Africa Hemostasis Valve Market Outlook, By Double Y-connector Hemostasis Valves (2020-2028) ($MN)
85 Middle East & Africa Hemostasis Valve Market Outlook, By Hemostasis Valve Y-connectors (2020-2028) ($MN)
86 Middle East & Africa Hemostasis Valve Market Outlook, By Other Types (2020-2028) ($MN)
87 Middle East & Africa Hemostasis Valve Market Outlook, By Application (2020-2028) ($MN)
88 Middle East & Africa Hemostasis Valve Market Outlook, By Angioplasty (2020-2028) ($MN)
89 Middle East & Africa Hemostasis Valve Market Outlook, By Angiography (2020-2028) ($MN)
90 Middle East & Africa Hemostasis Valve Market Outlook, By Interventional Cardiology & Radiology (2020-2028) ($MN)
91 Middle East & Africa Hemostasis Valve Market Outlook, By Other Applications (2020-2028) ($MN)
92 Middle East & Africa Hemostasis Valve Market Outlook, By End User (2020-2028) ($MN)
93 Middle East & Africa Hemostasis Valve Market Outlook, By Hospitals (2020-2028) ($MN)
94 Middle East & Africa Hemostasis Valve Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
95 Middle East & Africa Hemostasis Valve Market Outlook, By Specialty Clinics (2020-2028) ($MN)
96 Middle East & Africa Hemostasis Valve Market Outlook, By Other End Users (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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