The study involved four major activities to estimate the current size of the hemostats and sealants (focused brands) market. Exhaustive secondary research was conducted to collect information on the market and its different sub segments.
The next step was to validate these findings, assumptions, and sizing estimates with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and sub segments.
Objectives behind This Study:
# To define, describe, and forecast the European hemostats and sealants market (by value) on the basis of focused brand and country
# To identify micromarkets and the drivers, restraints, industry-specific challenges, opportunities, and trends affecting the growth of the focused brands market
# To profile focused brands and comprehensively analyze their market shares in focused European countries
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Key Questions Addressed by the Report:
# What are the growth opportunities in the hemostats and sealants market across major countries in Europe in the future?
# What are the key drivers and restraints in the hemostats and sealants market?
# What are the key brands in the hemostats and sealants market?
# Which are the key countries in the hemostats and sealants market?
# What are the most preferred brands amongst end users?
Factors Influencing Global Growth:-
The growth of this market is majorly driven by the launch of new products and favorable reimbursement scenario.
However, the shift toward minimally invasive surgeries and adverse effect of hemostats are the major factors restraining the growth of this market.
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Monetary Growth Expectations, Globally:
According to the Research Study conducted by MarketsandMarkets™: The European hemostats and sealants market is projected to reach USD 89 million by 2024 from USD 63 million in 2019, at a CAGR of 7.0%.
Geographical Growth Scenario:
Germany commands the largest share of the market
Based on region, the hemostats and sealants (focused products) market is segmented into Germany, the UK, France, Italy, and Spain. Germany dominates the hemostats and sealants market due to its large patient population and the favorable reimbursement scenario for the usage of hemostats.
Leading Market Players:
# B. Braun (Germany)
# Medtronic (Ireland)
# C. R. Bard (US)
# Takeda (Japan)
# Baxter (US) and many more…
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