The global bleeding control kit industry in 2022 was US$ 4,265.8 million and is estimated to be US$ 4,365.4 million in 2023. Analysts of Future Market Insights have mentioned in their reports that the bleeding control kit industry will expand at a CAGR of 2.9% between 2023 and 2033, totaling around US$ 5,833.5 million by 2033.
Uncontrollable bleeding leads to considerable fatality risks and costs in battlefield, emergency, and hospital settings. Addressing these concerns, players operating in the market are henceforth focusing on the development of hemostatic agents that take steps to rapidly control bleeding.
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Possession of antibacterial properties, which can be used in the association of control bleeding during surgical procedures, and control residual problematic bleeding if conventional methods fail, raises the growth of the market.
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 US$ 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.
“An increase in the number of awareness programs by government bodies acts as a prominent growth driver of the bleeding control kits market”, commented a Future Market Insights analyst.
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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