South Korea Absorbable Surgical Hemostatic Powder Market was valued at USD 0.10 Billion in 2022 and is projected to reach USD 0.20 Billion by 2030, growing at a CAGR of 8.80% from 2024 to 2030.
The South Korea Absorbable Surgical Hemostatic Powder Market is experiencing rapid growth due to increasing demand from various industries, including healthcare and medical device sectors. Absorbable hemostatic powders are used during surgical procedures to control bleeding by promoting clotting and improving wound healing. These products are particularly valuable in complex surgeries where traditional methods of hemostasis are less effective.
The market for absorbable surgical hemostatic powders in South Korea is driven by technological advancements in the medical field and the rising preference for minimally invasive procedures. With more hospitals and healthcare centers adopting these products, the market is seeing a significant surge in demand. In fact, a growing number of South Korean medical professionals are relying on absorbable surgical hemostatic powders to provide more efficient and safer treatments during surgeries.
The requirement for absorbable surgical hemostatic powders extends beyond the healthcare industry, with demand also coming from pharmaceutical companies and research institutions. As these powders are crucial in various medical applications, their importance has escalated in industries focused on advancing surgical techniques and improving patient outcomes.
Another key factor contributing to the market's growth is the increasing awareness of the benefits of these powders. Absorbable surgical hemostatic powders are praised for their ability to enhance the healing process by reducing the risk of complications such as infections. Hospitals and surgical centers are increasingly investing in such products to improve patient care and minimize postoperative recovery times.
The South Korea Absorbable Surgical Hemostatic Powder Market is further influenced by the rise in medical tourism, particularly with international patients seeking high-quality surgeries. This growing demand is pushing manufacturers to innovate and meet the specific requirements of various medical professionals. As the market expands, these powders are expected to become a crucial component of surgical procedures worldwide.
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BD
Johnson & Johnson
Qingdao Zhonghuishengxi
Pfizer
Success Bio-Tech
Hangzhou Singclean Medical
MedTrade Products
Beijing Tech-bio-medical Equipment
Baxter (PerClot)
BioCer Entwicklungs
Hemostasis
BIOTEMED
Betatech Medical
Aegis Lifesciences
Aitekang Medical
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Absorbable Surgical Hemostatic Powder Market
Cornstarch-Based Hemostatic Powder
Gelatin-Based Hemostatic Powder
Collagen-Based Hemostatic Powder
Other Biopolymer Based Hemostatic Powders
General Surgery
Orthopedic Surgery
Cardiovascular Surgery
Gynecological Surgery
Neurological Surgery
Hospitals
Ambulatory Surgical Centers
Specialized Clinics
Research Institutions
Topical Application
Intravenous Administration
Injectable Forms
Direct Sales
Online Platforms
Third-Party Distributors
Pharmacies and Drug Stores
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Absorbable Surgical Hemostatic Powder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Absorbable Surgical Hemostatic Powder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Absorbable Surgical Hemostatic Powder Market, By Type
6. South Korea Absorbable Surgical Hemostatic Powder Market, By Application
7. South Korea Absorbable Surgical Hemostatic Powder Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Absorbable Surgical Hemostatic Powder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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