HEMOSTASIS VALVE MARKET ANALYSIS (2020-2027)

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HEMOSTASIS VALVE MARKET ANALYSIS (2020-2027)

• Hemostasis Valve Market, by Type (Y-connectors
  Hemostasis Valves, Double Y-connector Hemostasis
  Valves and One-handed Hemostasis Valves), by
  Applications (Hemophilia, Von Willebrand Disease,
  and Other Applications), by End Users (Hospitals,
  Clinics, Ambulatory Surgical Centers, and Other
  End Users), and by Region (North America, Latin
  America, Europe, Middle East, Asia Pacific, and
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2020 - 2027

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• Hemostasis is a physiological process to prevent
  and stop bleeding. Hemostasis involves three
  steps, which include vascular spasm
  (vasoconstriction), platelet plug formation, and
  coagulation. Some people are born with blood
  disorder disease (inherited diseases) such as
  Hemophilia and Von Willebrand disease.
   Hemophilia is a condition in which, blood does
  not clot properly due to lack of sufficient
  blood-clotting proteins (clotting factors), while
  Von Willebrand disease is caused due to the
  missing or defective clotting protein (von
  Willebrand factor).
• Hemostasis valve is a device that is used to
  reduce risk of thromboembolism during
  neuroendovascular procedures. Guardian hemostasis
  valve is manufactured by Vascular Solutions Inc.
  and WATCHDOG hemostasis valve is manufactured by
  Boston Scientific Corporation are some examples
  of hemostasis valve. Moreover, hemostasis valve
  maximizes safety of the patient, reduces risk of
  air embolism, and blood loss.

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Global Hemostasis Valve Market Drivers

• The global hemostasis valve market growth is
  expected to surge over the forecast period, owing
  to increasing technological advances in
  hemostasis valves by manufactures. For instance,
  in 2017, new hemostasis valves HyperSeal and
  CertuSeal valves for the interventional and
  diagnostic catheters were introduced by the
  Freudenberg Medical. Additionally, Freudenberg
  Medical had introduced innovative FlexSeal valve
  in 2016. Moreover, for large bore procedure,
  Freudenberg Medical had introduced new HyperSeal
  Introducer Sheath with hydrophilic coating.

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Global Hemostasis Valve Market Drivers

• Furthermore, in May 2019, PhD (Push, Hold, and
  Deliver), which is a polycarbonate hemostasis
  control valve was launched by Merit Medical
  Systems, Inc. In addition, to operate the valve
  with one hand as well as to remove the diagnostic
  or interventional devices, PhD polycarbonate
  hemostasis control valve is used. Moreover,
  dual-seal PhD device is used to minimize the loss
  of blood without restricting device movement, and
  allows pressure injections up to 400 psi. These
  factors are expected to support global hemostasis
  valve market growth over the forecast period.

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• Global Hemostasis Valve Market Restraints
• However, risk associated with the hemostasis
  valve such as air leakage that can cause air
  embolism is one of the major factors, which is
  expected to hamper growth of the global
  hemostasis valve market. For instance, in 2016,
  the U.S. Food and Drug Administration (FDA)
  recalled Guardian II Hemostasis Valves,
  manufactured by Vascular Solutions, Inc. This
  recall of Guardian II Hemostasis Valves was due
  to increased risk of air leakage that may cause
  an air embolism. Moreover, according to the U.S.
  FDA, the healthcare professional who have faced
  the problem of air leakage, should remove the
  product (Guardian II Hemostasis Valves) from
  their inventory and return them to vascular
  solution.  

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• Global Hemostasis Valve Market Regional Analysis
• North America is expected to account for largest
  market share in global hemostasis valve market,
  owing to factors such as increasing presence of
  key players and their involvement in the
  innovation associated with the hemostasis valve.
  For instance, in 2017, Qosina added four new
  Y-connecter hemostasis valve to its product line.
  Y-connector helps healthcare professional to
  handle hemostasis valve comfortably. 
• Growing prevalence of blood disorder disease is
  another factor that is expected to drive
  hemostasis valve market growth in North America.
  For instance, according to the Centers for
  Disease Control and Prevention (CDC), in 2019, in
  the U.S., the number of patient suffering from
  the hemophilia was estimated around 20,000, based
  on the expected death and birth since 1994.
  Moreover, according to the same source, most of
  the patient suffering from hemophilia were
  diagnosed at young age only.

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• Global Hemostasis Valve Market Regional Analysis
• Europe is expected to exhibit highest CAGR over
  the forecast period due to increasing prevalence
  of hemophilia, which is a blood related genetic
  disorder. For instance, in 2018, according to
  WHO, in U.K., around 6,000 people suffered from
  hemophilia. In addition, according to the same
  source, in 2018, around 5,400 people suffered
  from hemophilia A while 1,100 people suffered
  from hemophilia B.

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• Global Hemostasis Valve Market Key Players
• Key players operating in the global hemostasis
  valve market include Freudenberg Medical, LLC,
  Teleflex Incorporated, Boston Scientific
  Corporation, Argon Medical Devices., B. Braun
  Melsungen AG, Isla Lab Products LLC, SCW Medicath
  Ltd, Shenzhen Antmed Co.,Ltd., Galt Medical
  Corp., and Abbott Laboratories.

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• Market Taxonomy
• On the basis of type, the global hemostasis valve
  market is segmented into
• Y-connectors Hemostasis Valves
• Double Y-connector Hemostasis Valves
• One-handed Hemostasis Valves
• Others
• On the basis of applications, the global
  hemostasis valve market is segmented into
• Hemophilia
• Von Willebrand Disease

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• On the basis of end user, the global hemostasis
  valve market is segmented into
• Hospital
• Clinics
• Ambulatory Surgical Centers
• Others End Users
• On the basis of region, the global hemostasis
  valve market is segmented into
• North America
• Latin America
• Europe
• Middle East
• Asia Pacific
• Africa

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