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Pulished Date April, 2021
ID: 4993
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Latin America Hemostats Market Research Report - Segmented By Product Type, Application, Distribution Channel, Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 4993
Pages: 145

Latin America Hemostats Market Size (2021 to 2026)

As per the research report, the size of Latin America Hemostats market size is valued at around USD 435.83 million in 2021. It is expected to grow at a CAGR of 6.3% and be worth USD 591.54 million by 2026. It captures 12% of the global market.

According to WHO estimations (2019), approximately 238 million surgeries were performed worldwide. The hemostats market growth in the Latin American region can be attributed to the growing prevalence of lifestyle diseases, the rising geriatric population, the increasing number of road traffic accidents, and the increasing popularity of using high-quality products to achieve quicker hemostats. The highest percentages of road traffic accidents correspond to the medium-high income level (48%), followed by the medium-low levels (43%), high (42%), and low (41%).

Other factors favoring the market's growth rate include the rise in the number of regulatory approvals, increasing incidence of sports-related injuries, and improved patient education, especially in people suffering from blood clot disorders such as thalassemia, sickle cell anemia, and leukemia, etc. Moreover, rising research and development activities in the market have given rise to several drugs that provide adequate blood loss management. This will also offer the emerging markets newer and better growth opportunities for the hemostats market in Latin America. Therefore, based on the current scenario, the cardiovascular sector is anticipated to drive the Latin American hemostats market during the forecast period.

Moreover, with technological advancements, leading manufacturers have resulted in various absorbable products, easy to use and quicker than conventional hemostats products. Currently, there is a growing demand for nano- and micro-materials for hemostats in internal bleeding.

However, several factors such as frequent product recall due to a consolidated market that contains cheaper products will obstruct the market growth in the region. In addition, decreased awareness about hemostats products is expected to retard the development of the Latin American hemostats market in the forecast period mentioned above.

This research report on the Latin American hemostats market has been segmented and sub-segmented into the following categories:

By Product Type: 

  • Topical Hemostats
  • Tissue Sealants
  • Cyanoacrylate-based Tissue Adhesives
  • Adhesion Prevention Products

By Application: 

  • Wound Closure
  • Surgical Hemostats

By Distribution Channel: 

  • Direct Tenders
  • Retail

By Country: 

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

In 2020, the Brazilian hemostats market accounted for the largest share of the Latin America market, followed by Mexico. The large share of Brazil is majorly due to the growing geriatric population and the increasing number of road traffic accidents in the region. According to the latest WHO data, the road traffic accidents deaths in Brazil had reached 43,800 or 4% of total deaths in the region. Thus, 28 per 100,000 deaths are due to road traffic accidents, making Brazil rank 77 in the world list.

In 2018, Brazil was the top Latin American country that performed the highest number of cosmetic surgery procedures, with around 2.30 million. Mexico ranked second with a grand total of nearly 1.14 million procedures completed that year. In addition, an increase in the investment for the healthcare sector will achieve a positive growth rate for the studied market in Latin America, especially in Puerto Rico, Chile, and Argentina. These countries are increasingly focused on developing well-equipped healthcare facilities. With more than 7,500 medical centers, Brazil was the Latin American country with the highest number of hospitals in 2020. Mexico ranked second, with 3,400 hospitals. These numbers are expected to increase with time, contributing to the market growth during the forecast period.

The hemostats market in Argentina is projected to register the highest growth rate during the forecast period. The high growth in this market is attributed to more people suffering from chronic diseases, increasing healthcare expenses, growing healthcare awareness, and rising medical tourism.

KEY MARKET PLAYERS:

A few of the noteworthy companies operating in the Latin America hemostats market profiled in the report are 3M, ADCO Latin America, Inc., Abbott Laboratories. Other players in the market include Advanced Medical Solutions Group, Plc. and Dymax Corporation.

1. Introduction        

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods  

               1.4 General Study Assumptions                 

2. Research Methodology                  

               2.1 Introduction     

               2.2 Research Phases                      

      2.2.1 Secondary Research           

      2.2.2 Primary Research 

      2.2.3 Econometric Modelling      

      2.2.4 Expert Validation  

               2.3 Analysis Design

               2.4 Study Timeline 

3. Overview             

               3.1 Executive Summary                

               3.2 Key Inferences 

               3.3 Epidemology    

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)            

               4.1 Market Drivers 

               4.2 Market Restraints                   

               4.3 Key Challenges 

               4.4 Current Opportunities in the Market               

5. Market Segmentation                    

               5.1 Product Type    

      5.1.1 Introduction           

      5.1.2 Topical hemostats

                     5.1.2.1 Collagen-based topical hemostats

                     5.1.2.2 Oxidized regenerated cellulose-based topical hemostat

                     5.1.2.3 Gelatin-based topical hemostat

                     5.1.2.4 Thrombin-based topical hemostat

                     5.1.2.5 Combination topical hemostat

      5.1.3 Tissue Sealants      

                     5.1.3.1 Fibrin sealants

                     5.1.3.2 Protein-based sealants

      5.1.4 Cyanoacrylate-based tissue adhesives         

      5.1.5 Adhesion prevention products        

      5.1.6 Y-o-Y Growth Analysis, By Product Type     

      5.1.7 Market Attractiveness Analysis, By Product Type    

      5.1.8 Market Share Analysis, By Product Type     

               5.2 Application                 

      5.2.1 Wound Closure     

      5.2.2 Surgical Hemostats             

      5.2.3 Y-o-Y Growth Analysis, By Application         

      5.2.4 Market Attractiveness Analysis, By Application       

      5.2.5 Market Share Analysis, By Application        

               5.3 Distribution Channel     

      5.3.1 Direct Tenders       

      5.3.2 Retail        

      5.3.3 Y-o-Y Growth Analysis, By Distribution Channel       

      5.3.4 Market Attractiveness Analysis, By Distribution Channel     

      5.3.5 Market Share Analysis, By Distribution Channel      

               5.4 End User                     

      5.4.1 Hospitals  

      5.4.2 Ambulatory Centers            

      5.4.3 Community Healthcare      

      5.4.4 Clinics       

      5.4.5 Y-o-Y Growth Analysis, By End User             

      5.4.6 Market Attractiveness Analysis, By End User            

      5.4.7 Market Share Analysis, By End User             

6. Geographical Analysis                    

               6.1 Introduction     

      6.1.1 Regional Trends    

      6.1.2 Impact Analysis     

      6.1.3 Y-o-Y Growth Analysis        

                     6.1.3.1 By Geographical Area

                     6.1.3.2 By Product Type

      6.1.4  Market Attractiveness Analysis      

                     6.1.4.1 By Geographical Area

                     6.1.4.2 By Product Type

      6.1.5  Market Share Analysis       

                     6.1.5.1 By Geographical Area

                     6.1.5.2 By Product Type

               6.2 Brazil   

               6.3 Mexico

               6.4 Rest of Latin America    

7. Strategic Analysis              

               7.1 PESTLE analysis

      7.1.1 Political    

      7.1.2 Economic 

      7.1.3 Social        

      7.1.4 Technological        

      7.1.5 Legal         

      7.1.6 Environmental       

               7.2 Porter’s Five analysis     

      7.2.1 Bargaining Power of Suppliers         

      7.2.2 Bargaining Power of Consumers     

      7.2.3 Threat of New Entrants      

      7.2.4 Threat of Substitute Products and Services

      7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis               

               8.1 Johnson & Johnson Services, Inc.                     

      8.1.1 Overview 

      8.1.2 Product Analysis   

      8.1.3 Financial analysis  

      8.1.4 Recent Developments        

      8.1.5 SWOT analysis       

      8.1.6 Analyst View          

               8.2 C. R. Bard, Inc. 

               8.3 Baxter 

               8.4 B. Braun Melsungen Ag                        

               8.5 Pfizer Inc.                   

               8.6 Vascular Solutions, Inc.                        

               8.7 Gelita Medical Gmbh    

               8.8 Equimedical               

               8.9 Integra Lifesciences Holdings Corporation                    

               8.10 Z-Medica, LLC                        

9.Competitive Landscape                   

               9.1 Market share analysis   

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, collaborations and Joint Ventures  

               9.4 New Product Launches 

10.Market Outlook and Investment Opportunities                  

Appendix                  

               a) List of Tables                

               b) List of Figures     

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms product type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Latin America Hemostats Market, By Product Type, From 2021 to 2026 (USD Million)
  2. Latin America Topical hemostats Market, By Region, From 2021 to 2026 (USD Million)
  3. Latin America Tissue Sealants Market, By Region, From 2021 to 2026 (USD Million)
  4. Latin America Cyanoacrylate-based tissue adhesives Market, By Region, From 2021 to 2026 (USD Million)
  5. Latin America Adhesion prevention products Market, By Region, From 2021 to 2026 (USD Million)
  6. Brazil Hemostats Market, By Product Type, From 2021 to 2026 (USD Million)
  7. Argentina Hemostats Market, By Product Type, From 2021 to 2026 (USD Million)
  8. Mexico Hemostats Market, By Product Type, From 2021 to 2026 (USD Million)
  9. Rest of Latin America Hemostats Market, By Product Type, From 2021 to 2026 (USD Million)

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