Hemostats Market
The market for Hemostats was estimated at $2.9 billion in 2024; it is anticipated to increase to $4.4 billion by 2030, with projections indicating growth to around $6.1 billion by 2035.
Global Hemostats Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Hemostats industry revenue is expected to be around $3.1 billion in 2025 and expected to showcase growth with 6.9% CAGR between 2025 and 2034. The hemostats industry is experiencing robust growth driven by the rising number of surgical procedures worldwide, particularly in orthopedic and general surgery, which together account for 54.1% of the market applications. Increasing procedural volumes, coupled with the growing complexity of surgeries, are fueling demand for advanced hemostatic solutions that can efficiently control bleeding. Technological advancements in hemostat formulations and delivery mechanisms have further strengthened the market, enabling surgeons to achieve faster blood coagulation, reduce operative time, and improve patient outcomes. Among these, oxidized regenerated cellulose (ORC) based hemostats have gained significant traction due to their superior performance, biocompatibility, and ease of use, with the market value for ORC-based products reaching $1.15 billion in 2024.
Hemostats are specialized surgical instruments designed to manage bleeding and facilitate safe, controlled surgical procedures. They function by promoting coagulation and effectively stopping blood flow, which is critical in minimizing intraoperative complications. The medical industry offers a wide range of hemostatic products tailored to specific surgical needs, including thrombin-based, gelatin-based, and oxidized regenerated cellulose-based hemostats. Each type is optimized for particular applications, ensuring reliable hemostasis in diverse operative environments. Continuous innovation in materials, absorbable formulations, and user-friendly designs is further enhancing their adoption across hospitals, surgical centers, and specialized clinics, positioning hemostats as essential tools in modern surgery.
Market Key Insights
The Hemostats market is projected to grow from $2.9 billion in 2024 to $5.7 billion in 2034. This represents a CAGR of 6.9%, reflecting rising demand across Orthopedic Surgery, General Surgery, and Cardiovascular Surgery.
Johnson & Johnson Services Inc., Baxter, and B. Braun SE are among the leading players in this market, shaping its competitive landscape.
The Hemostats market shows its largest customer base in the United States and Germany which will experience growth rates of 4.5% to 6.6% from 2024 to 2030.
It is predicted that Brazil, India and South Africa will experience the highest growth rates at 7.9% to 9.5% CAGR.
Transition like Advanced Bioactive Hemostat Adoption has greater influence in U.S. and Germany market's value chain; and is expected to add $169 million of additional value to Hemostats industry revenue by 2030.
The Hemostats market will experience $2.8 billion growth during 2024-2034 while General Surgery & Neurological Surgery Application manufacturers will dominate market expansion.
The Hemostats market will experience a 95% expansion from 2024 to 2034 because of rising surgical operations and improved hemostatic products and increasing use of minimally invasive surgical techniques.
Opportunities in the Hemostats
Growth Opportunities in North America and Europe
Market Dynamics and Supply Chain
Driver: Increasing Surgical Procedures and Advancements in Hemostatic Agents
Restraint: Regulatory Challenges and Stringent Approval Processes
Opportunity: Increasing demand for Oxidized Regenerated Cellulose Based Hemostats in the medical industry and Growing adoption of Thrombin Based Hemostats in developing countries
Challenge: High Costs and Limited Accessibility in Developing Regions
Supply Chain Landscape
Raw Material Suppliers
Manufacturers
Distributors Wholesalers
End Users
Raw Material Suppliers
Manufacturers
Distributors Wholesalers
End Users
Use Cases of Hemostats in Orthopedic Surgery & Cardiovascular Surgery
Recent Developments
The medical and surgical field depends on hemostats as essential tools which have experienced major developments throughout the last few years. The global market for these vital tools expanded because of technological progress and rising surgical numbers and shifting medical practices toward less invasive procedures. The worldwide demand for hemostats continues to rise because surgical procedures increase globally. The market expansion of hemostats for surgical bleeding control has increased because of new technologically advanced products. The medical field has benefited from absorbable hemostats because they provide enhanced performance and safer treatment options for patients.