Hemostats Market Size

Hemostats Market size was valued at USD 3.28 billion in 2024 and is set to reach USD 7.26 billion by the end of 2037, registering around 6.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of hemostats is assessed at USD 3.45 billion.

The major growth factor of the hemostats market is the increasing prevalence of chronic diseases and the increasing number of surgeries are fueling the demand for hemostats in the medical industry. By the statistics of the World Health Organization, in 2018, around 2 million surgeries were carried out, worldwide. In addition, the need for surgical care is to rise by 30% in the next few years.

Increased prevalence of cancer among people is expected to boost the growth of the global hemostats market. It is expected that by 2040, the count of new cases of cancer is to reach around 28 million and about 16 million deaths due to cancer. Furthermore, the growing number of hospitals across the world induced-blood donation drives, and rising instances of chronic issues are propelling the market growth.