The global bleeding control kit market, valued at US$ 4,265.8 million in 2022, is anticipated to grow to US$ 4,365.4 million in 2023, as revealed by a comprehensive report from Future Market Insights. Analysts predict a steady expansion at a Compound Annual Growth Rate (CAGR) of 2.9% from 2023 to 2033, ultimately reaching a valuation of around US$ 5,833.5 million by 2033.
The research emphasizes the critical importance of bleeding control in diverse settings, including battlefield, emergency, and hospital scenarios. Uncontrollable bleeding poses significant risks in terms of fatality and financial burdens. In response to these concerns, industry players are strategically directing their efforts toward the development of advanced hemostatic agents designed to swiftly and effectively control 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:
- Financial Growth: The industry is set to witness consistent financial growth, with an estimated CAGR of 2.9% from 2023 to 2033.
- Market Expansion: The bleeding control kit market is projected to expand, reaching an estimated value of US$ 5,833.5 million by 2033.
- Risk Mitigation: The development of advanced hemostatic agents is pivotal in mitigating fatality risks associated with uncontrollable bleeding in battlefield, emergency, and hospital settings.
- Strategic Focus: 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 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.
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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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