According to this latest publication from Meticulous Research®, the hemostats market is projected to reach $5.32 billion by 2031, at a CAGR of 6.9% during the forecast period. The growth of this market is driven by the increasing volume of surgical procedures performed, high research and development in surgical devices sector, increasing rate of accidents, rise in number of cesarean deliveries, fatal injuries, and organ transplantation, increased R&D activities by government organizations and the private sector, rising government healthcare spending, and growing adoption of minimally invasive surgical procedures.
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