The global bleeding control kit market, valued at USD 4,265.8 million in 2022, is projected to experience steady growth, reaching USD 4,365.4 million in 2023, according to a comprehensive report by Future Market Insights. Analysts predict a Compound Annual Growth Rate (CAGR) of 2.9% from 2023 to 2033, with the market expected to achieve a valuation of approximately USD 5,833.5 million by 2033.
The report underscores the critical importance of bleeding control across various settings, including battlefields, emergency situations, and hospitals. Uncontrollable bleeding remains a significant threat, contributing to high fatality rates and substantial financial burdens. In response to these challenges, industry leaders are focusing their efforts on the development of advanced hemostatic agents aimed at swiftly and effectively managing bleeding.
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“This growth trajectory underscores the industry’s commitment to addressing life-threatening situations associated with uncontrollable bleeding,” stated Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “The increased focus on hemostatic agents represents a crucial step forward in enhancing bleeding control measures across various domains.”
Key highlights of the bleeding control kit industry include:
- The industry is set to witness consistent financial growth, with an estimated CAGR of 2.9% from 2023 to 2033.
- The bleeding control kit market is projected to expand, reaching an estimated value of USD 5,833.5 million by 2033.
- The development of advanced hemostatic agents is pivotal in mitigating fatality risks associated with uncontrollable bleeding in battlefield, emergency, and hospital settings.
- Industry players are strategically focusing on innovations in hemostatic agents to address the urgent need for rapid and effective bleeding control solutions.
As the bleeding control kit industry continues to evolve, the emphasis on innovation and advancements in hemostatic agents will play a pivotal role in shaping its trajectory. Stakeholders, including manufacturers, healthcare professionals, and investors, are urged to stay informed about these developments to capitalize on emerging opportunities.
Key Takeaways from the Market Study:
- The global bleeding control kit industry expanded at a CAGR of 1.9% between 2017 and 2022.
- The anticipated market share for bleeding control kits was USD 3889.8 million in 2017.
- China is anticipated to develop a 4.5% CAGR from 2023 to 2033.
- North America was estimated to record a value share of 27.8% in 2022.
- India is forecasted to record a 5.2% CAGR from 2023 to 2033.
- Under the product segment, tourniquet attained a market share of 37.8% in 2022.
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Competition Landscape:
The majority of the leading players are focusing on expanding their geographic presence by developing new manufacturing facilities, especially in the untapped regions. Meanwhile, a few other companies are aiming to launch novel products and engage in collaborations with local firms to gain a competitive edge in this market.
Some of the new developments are-
- Hammarplast Medical continued to increase its capacity in the business area of Customized Products.
Recent investments included two new injection molding machines (electric motors) of 160 and 110 tonnes.
- Zimmer Biomet Holdings, Inc. a global medical technology leader, announced plans to unveil the latest enhancements to ZBEdge™ Dynamic Intelligence™ at the American Academy of Orthopaedic Surgeon’s (AAOS) 2023 Annual Meeting in Las Vegas. ZBEdge Dynamic Intelligence integrated Zimmer Biomet’s digital, robotic, and implant technologies, connecting and collecting objective data throughout the entire episode of care.
Key Companies Profiled:
- VBM Medizintechnik
- TyTek Medical
- Stryker
- Hammarplast Medical
- Tactical Medical Solutions
- Friedrich Bosch Medizintechnik
- North American Rescue
- Rudolf Riester
- Zimmer Biomet
- Cardinal Health
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Key Segments Profiled in the Bleeding Control Kit Industry Survey:
By Product Type:
- Medical Gloves
- Tourniquet
- Trauma Shears
- Compressed Gauze
- Compression Bandage
By End User:
- Clinics
- Industries & Corporate Offices
- Hospitals
- Sports Academies
- Aviation
- Automobiles
- Defense
- Academic Institutes
- Healthcare Facilities
- Emergency Medical Services
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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