Bleeding Control Kit Market

Bleeding Control Kit Market Overview

The global bleeding control kit market size is expected to be valued at US$ 7.6 Billion in 2032 and exhibit growth at a CAGR of 2.9% in the forecast period from 2022 to 2032. It is anticipated to reach US$ 4.1 Billion in 2022. The rising cases of accidents across the globe are set to propel the demand for bleeding control kits in the upcoming years.

Bleeding control kits are specialized trauma kits that are mainly developed to provide professional responders with the products they require to stop life-threatening bleeding. These can help in controlling excessive bleeding caused by crushing, stabbing, or gunshot wounds.

These are specially designed to stop hemorrhaging and heavy bleeding. These are made to deliver rapid access to life-saving products that can control traumatic hemorrhaging and bleeding.

The rising usage of these kits to rescue workers injured on an assembly line, individuals injured in motorcycle accidents, victims of violent crimes, or hikers injured in remote locations is set to fuel the bleeding control kit market size.

These are expected to be increasingly adopted by municipal buildings, parks, office buildings, and educational institutions to treat victims of active shooter incidents and mass casualty events.

Which are Some Prominent Drivers Spearheading Bleeding Control Kit Market Growth?

The increasing number of awareness programs by government bodies to make people understand the significance of bleeding control kits after an accident occurs is likely to drive the market. The easy availability of such kits in supermarkets and local medical stores is another factor that is expected to augur well for the market.

The rising cases of injuries resulting from trauma which may often lead to partial paralysis are anticipated to compel healthcare professionals to deliver quick treatment to patients. This is one of the major factors that is set to boost the sales of bleeding control kits in the near future.

What are the Challenges Faced by the Bleeding Control Kit Industry?

The inability of bleeding control kits to treat abrasions, frostbite, and burns may hinder their demand in specific areas. The lack of skilled healthcare professionals, especially in emerging economies is another vital factor that may hinder the growth in this market. In addition to that, the expensive nature of state-of-the-art bleeding control kits can decline their sales in these countries.

Why is North America emerging as an Opportunistic Bleeding Control Kit Market?

The increasing number of accidents in the U.S. and Canada is anticipated to expand the North America bleeding control kit market share. As per the Insurance Institute for Highway Safety (IIHS), in 2019, nearly 33,244 fatal motor vehicle crashes occurred in the U.S., which resulted in around 36,096 deaths. These numbers are likely to grow in the future years, thereby propelling the North America market.

The presence of a well-developed healthcare infrastructure in this region is also expected to augur well for the global market. The favorable reimbursement policies and government support in terms of funding are other factors that can positively affect the regional market.

Sabyasachi Ghosh

Principal Consultant

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How is Asia Pacific Contributing to Growth of the Bleeding Control Kit Market?

The rapidly evolving healthcare sector in developing countries, such as India and China is expected to bolster the Asia Pacific bleeding control kit market growth in the forthcoming years. According to the India Brand Equity Foundation (IBEF), by 2022, the healthcare sector is estimated to surge three-fold to US$ 133.44 billion. This trend is set to continue throughout the forecast period, thereby driving the market.

The rising demand for quality and cost-effective healthcare, the growing burden of new diseases, and the increasing middle-class population are projected to augment the growth in this market. Besides, the surging penetration of health insurance and the expansion of medical tourism are likely to boost the growth.

Market Competition

Some of the leading companies operating in the global bleeding control kit market include VBM Medizintechnik, TyTek Medical, Stryker, Hammarplast Medical, Tactical Medical Solutions, Friedrich Bosch Medizintechnik, North American Rescue, Rudolf Riester, Zimmer Biomet, Cardinal Health, Delfi Medical, and Ulrich Medical among others.

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.

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Scope of Report

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
• Easter Europe
• APEJ
• Japan
• Middle East & Africa