Hemostasis Valve Market by Type (Hemostasis Valve Y Connector, Double Y Connector Hemostasis Valve, One Handed), Application (Angioplasty, Angiography), End User (Hospitals), and Region (North America, Europe, Asia Pacific) - Global Forecast to 2023
[98 Pages Report] The hemostasis valves market is projected to grow from USD 132 million in 2018 to USD 175 million by 2023, at a CAGR of 5.8% during the forecast period. Growth in the hemostasis valves market is mainly driven by the increasing number of interventional procedures.
By type, the double Y-connector hemostasis valves segment is expected to grow at the highest rate during the forecast period
Based on type, the hemostasis valves market is segmented into three segments, namely, hemostasis valve Y-connectors, double Y-connector hemostasis valves, one-handed hemostasis valves, and other hemostasis valves. During the forecast period, the double Y-connector hemostasis valves segment is estimated to register the highest growth rate.
By end user, the hospitals segment to dominate the hemostasis valves market during the forecast period
Based on end user, the hemostasis valves market is segmented into hospitals and other end users. The hospitals segment is estimated to account for the largest share of the overall market in 2018. This is primarily attributed to the increasing number of hospitals in emerging countries due to infrastructural development initiatives and increasing number of patients prefer hospitals for surgical procedures.
North America is expected to account for the largest share of the market during the forecast period
North America is one of the major revenue-generating regions in the global hemostasis valves industry. The large share of the North American market is attributed to increasing number of interventional surgeries and rising geriatric population.
Key Market Players
Some of the prominent players in the hemostasis valves are Merit Medical Systems (US), Abbott (US), Teleflex Incorporated (US), Boston Scientific (US), B. Braun Melsungen (Germany), DeRoyal Industries, Inc. (US), Freudenberg Medical (US), Scitech (Brazil), and Argon Medical (US).
In 2017, Merit Medical Systems held the leading position in the hemostasis valves market. The company operates through two business segments, namely, Cardiovascular and Endoscopy. The companys strong brand recognition and extensive product portfolio in the hemostasis valves market is its key strength. Merit Medical markets its products across the US, Canada, Africa, Europe, the Middle East, Asia, South and Central America, and Oceania. The company recorded positive growth in its revenue in 2017, as compared to 2016. Moreover, Merit Medical generated 96.3% of revenue through its Cardiovascular segment.
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Scope of the Report
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Report Metric |
Details |
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Market size available for years |
20162023 |
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Base year considered |
2017 |
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Forecast period |
20182023 |
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Forecast units |
Value (USD) |
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Segments covered |
Type, application, end user, and region |
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Geographies covered |
North America (US and Canada), Europe (Germany, France, UK, and RoE), APAC (Japan, China, India, and RoAPAC), and RoW |
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Companies covered |
Major ten players covered, including |
This research report categorizes the hemostasis valves market into the following segments and subsegments:
Hemostasis Valves Market, By Type
- Hemostasis Valve Y-connectors
- Double Y-connector Hemostasis Valves
- One-handed Hemostasis Valves
- Other Hemostasis Valves
Hemostasis Valves Market, By Application
- Angiography
- Angioplasty
Hemostasis Valves Market, By End User
- Hospitals
- Other End Users
Hemostasis Valves Market, By Region
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- RoE
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Rest of the World*
Recent Developments:
- In 2018, B.Braun opened five production plants and other administrative buildings in Penang.
- In 2018, Freudenberg Medical opened a new medical manufacturing facility in Beverly, Massachusetts. Also, the company has decided to establish a new global headquarter in Beverly.
- In 2017, Abbott acquired St. Jude Medical (US).
- In 2017, Teleflex Incorporated acquired Vascular Solutions (US).
Key questions addressed in the report:
- What are the growth opportunities in the hemostasis valves market across major regions in the future?
- Emerging countries have immense opportunities for the growth and adoption of hemostasis valves. Will this scenario continue in the next five years?
- Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
- What are the various hemostasis valves and their market share in the overall market?
- What are the new trends and advancements in the hemostasis valves market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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Table of Contents
1 Introduction (Page No. - 12)
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Markets Covered
1.2.2 Country Coverage
1.2.3 Years Considered for the Study
1.3 Currency
1.4 Limitations
1.5 Stakeholders
2 Research Methodology (Page No. - 15)
2.1 Secondary Data
2.1.1 Key Data From Secondary Sources
2.2 Primary Data
2.2.1 Key Data From Primary Sources
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown and Data Triangulation
2.5 Assumptions for the Study
3 Executive Summary (Page No. - 22)
4 Premium Insights (Page No. - 25)
4.1 Hemostasis Valves: Market Overview
4.2 North America: Hemostasis Valves Market, By Application (2018)
4.3 Geographical Snapshot of the Hemostasis Valves Market
5 Market Overview (Page No. - 28)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Number of Interventional Procedures
5.2.2 Opportunities
5.2.2.1 Emerging Economies
5.2.2.2 Growth in the Number of Hospitals
6 Hemostasis Valves Market, By Type (Page No. - 30)
6.1 Introduction
6.2 Hemostasis Valve Y-Connectors
6.2.1 Hemostasis Valve Y-Connectors Segment to Account for the Largest Share of the Hemostasis Valves Market During the Forecast Period
6.3 Double Y-Connector Hemostasis Valves
6.3.1 Double Y-Connector Hemostasis Valves are the Fastest-Growing Segment of the One-Handed Hemostasis Valves Market
6.4 One-Handed Hemostasis Valves
6.4.1 Self-Closing Mechanism of One-Handed Hemostasis Valves to Drive Adoption
6.5 Other Hemostasis Valves
7 Hemostasis Valves Market, By Application (Page No. - 36)
7.1 Introduction
7.2 Angiography
7.2.1 Increasing Number of Coronary Angiography Procedures to Drive Market Growth
7.3 Angioplasty
7.3.1 Increasing Burden of Coronary Heart Disease to Drive Market Growth
8 Hemostasis Valves Market, By End User (Page No. - 41)
8.1 Introduction
8.2 Hospitals
8.2.1 Access to Advanced Facilities and Skilled Personnel is Driving Patient Preference for Hospital Care
8.3 Other End Users
9 Hemostasis Valves Market, By Region (Page No. - 45)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Rising Target Disease Incidence has Aided the Adoption of New Technologies in the Us
9.2.2 Canada
9.2.2.1 Increasing Number of Pci Procedures
9.3 Europe
9.3.1 Germany
9.3.1.1 Increasing Number of Intervention Procedures
9.3.2 Uk
9.3.2.1 Rising Geriatric Population
9.3.3 France
9.3.3.1 Rising Geriatric Population
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 China Will Account for the Largest Share of the APAC Market
9.4.2 India
9.4.2.1 High Prevalence of Target Diseases Will Ensure Demand Growth in India
9.4.3 Japan
9.4.3.1 Cvd Mortality has Decreased in the Country
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
10 Competitive Landscape (Page No. - 70)
10.1 Overview
10.2 Market Ranking Analysis, 2017
10.3 Competitive Scenario
10.3.1 Acquisitions
10.3.2 Expansions
10.3.3 Product Launches
10.3.4 Collaborations
11 Company Profiles (Page No. - 74)
11.1 Boston Scientific
11.1.1 Business Overview
11.1.2 Products Offered
11.1.3 MnM View
11.2 Abbott
11.2.1 Business Overview
11.2.2 Products Offered
11.2.3 Recent Developments (2015-2018)
11.2.4 MnM View
11.3 Merit Medical Systems
11.3.1 Business Overview
11.3.2 Products Offered
11.3.3 MnM View
11.4 Teleflex Incorporated
11.4.1 Business Overview
11.4.2 Products Offered
11.4.3 Recent Developments (20152018)
11.4.4 MnM View
11.5 B. Braun Melsungen AG
11.5.1 Business Overview
11.5.2 Products Offered
11.5.3 Recent Developments (20152018)
11.5.4 MnM View
11.6 Deroyal Industries, Inc.
11.6.1 Business Overview
11.6.2 Products Offered
11.7 Terumo
11.7.1 Business Overview
11.7.2 Products Offered
11.8 Argon Medical
11.8.1 Business Overview
11.8.2 Products Offered
11.9 Freudenberg Medical (A Subsidiary of Freudenberg Group)
11.9.1 Business Overview
11.9.2 Products Offered
11.9.3 Recent Developments (20152018)
11.10 Scitech
11.10.1 Business Overview
11.10.2 Products Offered
11.10.3 Recent Developments (20152018)
12 Appendix (Page No. - 91)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (65 Tables)
Table 1 Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 2 North America: Hemostasis Valves Market , By Type, 20162023 (USD Million)
Table 3 Europe: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 4 Asia Pacific: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 5 RoW: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 6 Hemostasis Valve Y-Connectors Market, By Region, 20162023 (USD Million)
Table 7 Double Y-Connector Hemostasis Valves Market, By Region, 20162023 (USD Million)
Table 8 One-Handed Hemostasis Valves Market, By Region, 20162023 (USD Million)
Table 9 Other Hemostasis Valves Market, By Region, 20162023 (USD Million)
Table 10 Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 11 Hemostasis Valves Market for Angiography, By Region, 20162023 (USD Million)
Table 12 Hemostasis Valves Market for Angioplasty, By Region, 20162023 (USD Million)
Table 13 North America: Coronary Angioplasty Market, 20162023 (Number of Procedures)
Table 14 Europe: Coronary Angioplasty Market, 20162023 (Number of Procedures)
Table 15 Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 16 Hemostasis Valves Market for Hospitals, By Region, 20162023 (USD Million)
Table 17 Hemostasis Valves Market for Other End Users, By Region, 20162023 (USD Million)
Table 18 Hemostasis Valves Market, By Region, 20162023 (USD Million)
Table 19 North America: Hemostasis Valves Market, By Country, 20162023 (USD Million)
Table 20 North America: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 21 North America: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 22 North America: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 23 US: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 24 US: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 25 US: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 26 Canada: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 27 Canada: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 28 Canada: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 29 Europe: Hemostasis Valves Market, By Country, 20162023 (USD Million)
Table 30 Europe: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 31 Europe: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 32 Europe: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 33 Germany: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 34 Germany: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 35 Germany: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 36 UK: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 37 UK: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 38 UK: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 39 France: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 40 France: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 41 France: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 42 RoE: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 43 RoE: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 44 RoE: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 45 Asia Pacific: Hemostasis Valves Market, By Country, 20162023 (USD Million)
Table 46 Asia Pacific: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 47 Asia Pacific: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 48 Asia Pacific: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 49 China: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 50 China: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 51 China: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 52 India: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 53 India: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 54 India: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 55 Japan: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 56 Japan: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 57 Japan: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 58 Australia: Increase in Angioplasty Procedures, 2011 to 2016
Table 59 RoAPAC: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 60 RoAPAC: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 61 RoAPAC: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 62 RoW: Hemostasis Valves Market, By Type, 20162023 (USD Million)
Table 63 RoW: Hemostasis Valves Market, By Application, 20162023 (USD Million)
Table 64 RoW: Hemostasis Valves Market, By End User, 20162023 (USD Million)
Table 65 Top Five Companies in the Hemostasis Valves Market, 2017
List of Figures (28 Figures)
Figure 1 Global Hemostasis Valves Market
Figure 2 Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Hemostasis Valves Market: Bottom-Up Approach
Figure 5 Hemostasis Valves Market: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Hemostasis Valves Market, By Type, 2018 vs 2023 (USD Million)
Figure 8 Hemostasis Valves Market, By Application, 2018 vs 2023 (USD Million)
Figure 9 Hemostasis Valves Market, By End User, 2018 vs 2023 (USD Million)
Figure 10 Hemostasis Valves Market, By Region, 2018 vs 2023 (USD Million)
Figure 11 Increasing Number of Interventional Procedures to Drive Market Growth During the Forecast Period
Figure 12 Angiography to Dominate the North American Hemostasis Valves Market in 2018
Figure 13 Countries in Asia Pacific to Register A Higher Growth Rate During the Forecast Period
Figure 14 Hemostasis Valves Market: Drivers, & Opportunities
Figure 15 Hemostasis Valve Y-Connectors to Dominate the Hemostasis Valves Market During the Forecast Period
Figure 16 Angiography Segment to Witness the Highest Growth in the Hemostasis Valves Market During the Forecast Period
Figure 17 Hospitals to Register the Highest Growth Rate in the Hemostasis Valves Market During 20182023
Figure 18 Asia Pacific to Register the Highest Growth During the Forecast Period
Figure 19 North America: Hemostasis Valves Market Snapshot
Figure 20 Asia Pacific: Hemostasis Valves Market Snapshot
Figure 21 Key Developments of Major Players From 2015-2018
Figure 22 Boston Scientific: Company Snapshot
Figure 23 Abbott : Company Snapshot
Figure 24 Merit Medical Systems: Company Snapshot
Figure 25 Teleflex Incorporated: Company Snapshot
Figure 26 B. Braun Melsungen AG: Company Snapshot
Figure 27 Terumo: Company Snapshot
Figure 28 Freudenberg Group: Company Snapshot
The study involved four major activities to estimate the current market size for the global hemostasis valves market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Then, both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to in order to identify and collect information for this study.
Primary Research
The global hemostasis valves market comprises several stakeholders, such as hemostasis valve manufacturers, vendors, and distributors. The demand side of this market is characterized by the significant use of hemostasis valves due to increasing investments in reseach & development by pharmaceutical and biotechnology companies. Advancements in technology characterize the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is a breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the hemostasis valves market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained abovethe market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the hemostasis valves industry.
Report Objectives
- To define, describe, and forecast the global hemostasis valves market on the basis of type, application, end user, and region
- To provide detailed information regarding major factors influencing the growth of the market (drivers and opportunities)
- To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contributions to the total market
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the revenue of the market segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as new product launches, collaborations, and acquisitions, and research & development activities in the hemostasis valves market
* RoW includes Latin America, the Middle East, and Africa
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:
- Product Analysis: Product matrix, which gives a detailed comparison of the product portfolios of each company
- Geographic Analysis: Further breakdown of the Rest of the World hemostasis valves market into their respective countries
- Company Information: Detailed analysis and profiling of additional market players (Up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Hemostasis Valve Market