The global bleeding control kit market comprises of medical and healthcare products that help control external bleeding in the human body. Bleeding control kits contain gauze, bandages, gloves, tape and other essential medical supplies to stop bleeding. These kits help in treating a wound and providing immediate bleeding control until medical attention is received. There is a growing need for bleeding control kits owing to rising cases of road accidents, injuries, trauma and cuts. The convenient portability and ease of application of bleeding control kits make them suitable for first aid application.
The Global bleeding control kit market is estimated to be valued at US$ 5,492.6 Mn in 2024 and is expected to exhibit a CAGR of 2.9% over the forecast period 2024 to 2031.
The rising number of road accidents and trauma cases globally present significant growth opportunities for players in the Global bleeding control kit Market Share. According to the World Health Organization, road traffic injuries claim around 1.35 million lives across the world each year. Moreover, the increasing rates of injuries during sports, adventure activities, and daily mishaps are also driving the need for bleeding control kits.
Key Takeaways
Key players operating in the global bleeding control kit market are Stryker, Aero Healthcare AU Pty Ltd, Safeguard, Tytek Group, Enerspect Medical Solutions, AED4Life, Acme United Corporation, Cardinal Health, North American Rescue, LLC., Rudolf Riester GmbH, Conney Safety, Penncare Inc., Combat Medical, TacMed Solutions, Medtrade Products Ltd, Zoro UK, Steroplast Healthcare Limited. These players are focused on developing advanced bleeding control kits and launching new products to expand their market share.
The key players arefocused on geographical expansion strategies to capture the growing demand for bleeding control kits across all regions. They are investing in strengthening their distribution networks and supply chains in developing as well as developed markets. Various awareness and training programs regarding usage of bleeding control kits are also being organized to educate people about emergency first aid response.
Market Drivers
One of the key drivers for the bleeding control kit market is the increasing number of road accidents globally every year. As per the World Health Organization (WHO), around 1.35 million people die annually due to road accidents worldwide. Further, over 20-50 million people suffer non-fatal road injuries every year. Bleeding control kits help stop blood loss and save lives in case of road accidents and related injuries.
Another major market driver is the rising participation in sports, adventure activities and increase in risk-taking behavior. Activities like rock climbing, skydiving, bungee jumping, motorcycle riding etc expose individuals to higher risks of cuts, lacerations and blunt trauma injuries requiring rapid bleeding control. This is boosting the demand for portable bleeding control kits.
Market Restraints
One of the key challenges in the bleeding control kit market is the lack of availability and accessibility of these kits in developing and underdeveloped regions. These areas have higher rates of road accidents and injuries but lack proper emergency medical infrastructure and supplies including bleeding control kits.
Secondly, in many countries, lack of adequate training regarding usage of bleeding control kits acts as a restraint. People need to be educated about standard procedures to apply bleeding control kits and provide initial first aid in case of an injury before medical help arrives. This training gap poses limitations on market growth.
Segment Analysis
The global bleeding control kit market is segmented into tourniquets, wound dressings, bandages, gauzes, clotting sponges, hemostatic agents and others. The tourniquets sub segment dominates the market as it helps in preventing severe bleeding by stopping or greatly reducing blood flow to the affected limb through external compression. Tourniquets play a vital role at accident scenes and during tactical medical care by stabilizing patients and allowing for transportation to emergency care.
Global Analysis
Regionally, North America holds the largest market share in the global bleeding control kit market due to growing awareness regarding bleeding emergencies and availability of advanced wound care products. Additionally, growing incidence of injuries across various application areas including tactical, outdoor and public spaces drive demand for bleeding control kits in North America. Asia Pacific is poised to witness the fastest growth over the forecast period owing to rising healthcare expenditure, increasing number of trauma cases and sports related injuries in densely populated countries like India and China.
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