PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273564
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1273564
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
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
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- 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
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- 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
- Table 1 Global Hemostasis Valve Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Hemostasis Valve Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Hemostasis Valve Market Outlook, By One-handed Hemostasis Valves (2020-2028) ($MN)
- Table 4 Global Hemostasis Valve Market Outlook, By Double Y-connector Hemostasis Valves (2020-2028) ($MN)
- Table 5 Global Hemostasis Valve Market Outlook, By Hemostasis Valve Y-connectors (2020-2028) ($MN)
- Table 6 Global Hemostasis Valve Market Outlook, By Other Types (2020-2028) ($MN)
- Table 7 Global Hemostasis Valve Market Outlook, By Application (2020-2028) ($MN)
- Table 8 Global Hemostasis Valve Market Outlook, By Angioplasty (2020-2028) ($MN)
- Table 9 Global Hemostasis Valve Market Outlook, By Angiography (2020-2028) ($MN)
- Table 10 Global Hemostasis Valve Market Outlook, By Interventional Cardiology & Radiology (2020-2028) ($MN)
- Table 11 Global Hemostasis Valve Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 12 Global Hemostasis Valve Market Outlook, By End User (2020-2028) ($MN)
- Table 13 Global Hemostasis Valve Market Outlook, By Hospitals (2020-2028) ($MN)
- Table 14 Global Hemostasis Valve Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
- Table 15 Global Hemostasis Valve Market Outlook, By Specialty Clinics (2020-2028) ($MN)
- Table 16 Global Hemostasis Valve Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 17 North America Hemostasis Valve Market Outlook, By Country (2020-2028) ($MN)
- Table 18 North America Hemostasis Valve Market Outlook, By Type (2020-2028) ($MN)
- Table 19 North America Hemostasis Valve Market Outlook, By One-handed Hemostasis Valves (2020-2028) ($MN)
- Table 20 North America Hemostasis Valve Market Outlook, By Double Y-connector Hemostasis Valves (2020-2028) ($MN)
- Table 21 North America Hemostasis Valve Market Outlook, By Hemostasis Valve Y-connectors (2020-2028) ($MN)
- Table 22 North America Hemostasis Valve Market Outlook, By Other Types (2020-2028) ($MN)
- Table 23 North America Hemostasis Valve Market Outlook, By Application (2020-2028) ($MN)
- Table 24 North America Hemostasis Valve Market Outlook, By Angioplasty (2020-2028) ($MN)
- Table 25 North America Hemostasis Valve Market Outlook, By Angiography (2020-2028) ($MN)
- Table 26 North America Hemostasis Valve Market Outlook, By Interventional Cardiology & Radiology (2020-2028) ($MN)
- Table 27 North America Hemostasis Valve Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 28 North America Hemostasis Valve Market Outlook, By End User (2020-2028) ($MN)
- Table 29 North America Hemostasis Valve Market Outlook, By Hospitals (2020-2028) ($MN)
- Table 30 North America Hemostasis Valve Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
- Table 31 North America Hemostasis Valve Market Outlook, By Specialty Clinics (2020-2028) ($MN)
- Table 32 North America Hemostasis Valve Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 33 Europe Hemostasis Valve Market Outlook, By Country (2020-2028) ($MN)
- Table 34 Europe Hemostasis Valve Market Outlook, By Type (2020-2028) ($MN)
- Table 35 Europe Hemostasis Valve Market Outlook, By One-handed Hemostasis Valves (2020-2028) ($MN)
- Table 36 Europe Hemostasis Valve Market Outlook, By Double Y-connector Hemostasis Valves (2020-2028) ($MN)
- Table 37 Europe Hemostasis Valve Market Outlook, By Hemostasis Valve Y-connectors (2020-2028) ($MN)
- Table 38 Europe Hemostasis Valve Market Outlook, By Other Types (2020-2028) ($MN)
- Table 39 Europe Hemostasis Valve Market Outlook, By Application (2020-2028) ($MN)
- Table 40 Europe Hemostasis Valve Market Outlook, By Angioplasty (2020-2028) ($MN)
- Table 41 Europe Hemostasis Valve Market Outlook, By Angiography (2020-2028) ($MN)
- Table 42 Europe Hemostasis Valve Market Outlook, By Interventional Cardiology & Radiology (2020-2028) ($MN)
- Table 43 Europe Hemostasis Valve Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 44 Europe Hemostasis Valve Market Outlook, By End User (2020-2028) ($MN)
- Table 45 Europe Hemostasis Valve Market Outlook, By Hospitals (2020-2028) ($MN)
- Table 46 Europe Hemostasis Valve Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
- Table 47 Europe Hemostasis Valve Market Outlook, By Specialty Clinics (2020-2028) ($MN)
- Table 48 Europe Hemostasis Valve Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 49 Asia Pacific Hemostasis Valve Market Outlook, By Country (2020-2028) ($MN)
- Table 50 Asia Pacific Hemostasis Valve Market Outlook, By Type (2020-2028) ($MN)
- Table 51 Asia Pacific Hemostasis Valve Market Outlook, By One-handed Hemostasis Valves (2020-2028) ($MN)
- Table 52 Asia Pacific Hemostasis Valve Market Outlook, By Double Y-connector Hemostasis Valves (2020-2028) ($MN)
- Table 53 Asia Pacific Hemostasis Valve Market Outlook, By Hemostasis Valve Y-connectors (2020-2028) ($MN)
- Table 54 Asia Pacific Hemostasis Valve Market Outlook, By Other Types (2020-2028) ($MN)
- Table 55 Asia Pacific Hemostasis Valve Market Outlook, By Application (2020-2028) ($MN)
- Table 56 Asia Pacific Hemostasis Valve Market Outlook, By Angioplasty (2020-2028) ($MN)
- Table 57 Asia Pacific Hemostasis Valve Market Outlook, By Angiography (2020-2028) ($MN)
- Table 58 Asia Pacific Hemostasis Valve Market Outlook, By Interventional Cardiology & Radiology (2020-2028) ($MN)
- Table 59 Asia Pacific Hemostasis Valve Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 60 Asia Pacific Hemostasis Valve Market Outlook, By End User (2020-2028) ($MN)
- Table 61 Asia Pacific Hemostasis Valve Market Outlook, By Hospitals (2020-2028) ($MN)
- Table 62 Asia Pacific Hemostasis Valve Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
- Table 63 Asia Pacific Hemostasis Valve Market Outlook, By Specialty Clinics (2020-2028) ($MN)
- Table 64 Asia Pacific Hemostasis Valve Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 65 South America Hemostasis Valve Market Outlook, By Country (2020-2028) ($MN)
- Table 66 South America Hemostasis Valve Market Outlook, By Type (2020-2028) ($MN)
- Table 67 South America Hemostasis Valve Market Outlook, By One-handed Hemostasis Valves (2020-2028) ($MN)
- Table 68 South America Hemostasis Valve Market Outlook, By Double Y-connector Hemostasis Valves (2020-2028) ($MN)
- Table 69 South America Hemostasis Valve Market Outlook, By Hemostasis Valve Y-connectors (2020-2028) ($MN)
- Table 70 South America Hemostasis Valve Market Outlook, By Other Types (2020-2028) ($MN)
- Table 71 South America Hemostasis Valve Market Outlook, By Application (2020-2028) ($MN)
- Table 72 South America Hemostasis Valve Market Outlook, By Angioplasty (2020-2028) ($MN)
- Table 73 South America Hemostasis Valve Market Outlook, By Angiography (2020-2028) ($MN)
- Table 74 South America Hemostasis Valve Market Outlook, By Interventional Cardiology & Radiology (2020-2028) ($MN)
- Table 75 South America Hemostasis Valve Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 76 South America Hemostasis Valve Market Outlook, By End User (2020-2028) ($MN)
- Table 77 South America Hemostasis Valve Market Outlook, By Hospitals (2020-2028) ($MN)
- Table 78 South America Hemostasis Valve Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
- Table 79 South America Hemostasis Valve Market Outlook, By Specialty Clinics (2020-2028) ($MN)
- Table 80 South America Hemostasis Valve Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 81 Middle East & Africa Hemostasis Valve Market Outlook, By Country (2020-2028) ($MN)
- Table 82 Middle East & Africa Hemostasis Valve Market Outlook, By Type (2020-2028) ($MN)
- Table 83 Middle East & Africa Hemostasis Valve Market Outlook, By One-handed Hemostasis Valves (2020-2028) ($MN)
- Table 84 Middle East & Africa Hemostasis Valve Market Outlook, By Double Y-connector Hemostasis Valves (2020-2028) ($MN)
- Table 85 Middle East & Africa Hemostasis Valve Market Outlook, By Hemostasis Valve Y-connectors (2020-2028) ($MN)
- Table 86 Middle East & Africa Hemostasis Valve Market Outlook, By Other Types (2020-2028) ($MN)
- Table 87 Middle East & Africa Hemostasis Valve Market Outlook, By Application (2020-2028) ($MN)
- Table 88 Middle East & Africa Hemostasis Valve Market Outlook, By Angioplasty (2020-2028) ($MN)
- Table 89 Middle East & Africa Hemostasis Valve Market Outlook, By Angiography (2020-2028) ($MN)
- Table 90 Middle East & Africa Hemostasis Valve Market Outlook, By Interventional Cardiology & Radiology (2020-2028) ($MN)
- Table 91 Middle East & Africa Hemostasis Valve Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 92 Middle East & Africa Hemostasis Valve Market Outlook, By End User (2020-2028) ($MN)
- Table 93 Middle East & Africa Hemostasis Valve Market Outlook, By Hospitals (2020-2028) ($MN)
- Table 94 Middle East & Africa Hemostasis Valve Market Outlook, By Ambulatory Surgery Centers (2020-2028) ($MN)
- Table 95 Middle East & Africa Hemostasis Valve Market Outlook, By Specialty Clinics (2020-2028) ($MN)
- Table 96 Middle East & Africa Hemostasis Valve Market Outlook, By Other End Users (2020-2028) ($MN)
