Global Bleeding Control Kit Market - 2023-2030

Global Bleeding Control Kit Market - 2023-2030

Global bleeding control kit market reached US$ XX million in 2022 and is expected to reach US$ XX million by 2030, growing at a CAGR of XX% during the forecast period 2023-2030.

Bleeding control kits, also known as trauma kits or Stop the Bleed kits, are designed to provide essential supplies to professional first responders or bystanders to stop life-threatening bleeding.

Market Dynamics: Drivers & Restraints

Increasing Number of Surgeries

The global surgical tourniquets market is growing rapidly due to the increasing number of orthopedic and plastic surgeries. For instance, in 2020, hip replacements were conducted 294 times per 100,000 residents in Germany and between 250 and 269 times per 100 000 inhabitants in Finland, Austria, the Netherlands, and Denmark. Knee replacements varied more between the EU Member States than did hip replacements. Moreover, according to the American Joint Replacement Registry 2021, over 2.4 million hip and knee surgeries from over 1150 institutions took place in 2021, representing an 18.3% increase in total procedural volume compared with that in 2020.

Lack of Training and Awareness

However, the lack of training and awareness is expected to hinder the global market growth during the forecast period. Additionally, injuries caused by the bleeding kit component, such as tourniquet injuries, are also expected to hinder the global market growth during the forecast period.

Segment Analysis

The global bleeding control kit market is segmented based on product type, application, end user and region.

Tourniquets Product Type Segment is Expected to Dominate Market

Tourniquets, which are devices used to stop or slow bleeding by compressing blood vessels, are expected to dominate the global market during the forecast period due to government initiatives and their safety. For example, in May 2019, the U.S. Department of Defense's Committee on Tactical Combat Casualty Care (CoTCCC) recommended SAM Medical's SAM XT Extremity Tourniquet (SAM XT). Moreover, a study conducted in Los Angeles County, California, in August 2021 found that increased tourniquet use over the last few years has improved outcomes for trauma patients without increasing amputation risks.

Geographical Analysis

North America is Expected to Dominate the Global Market

North America is expected to dominate the global market during the forecast period due to the increasing number of surgeries conducted and trauma accidents in the region. For instance, in 2020, around 15.6 million cosmetic procedures were performed, including 2.3 million cosmetic surgical procedures and 13.2 million cosmetic minimally-invasive procedures, and about 6.8 million reconstructive procedures were performed, according to the American Society of Plastic Surgeons. Moreover, data obtained from the U.S. Department of Transportation's fatality analysis reporting system revealed that around 35,766 fatal vehicle crashes occurred in the U.S. in 2020, causing around 38,824 deaths.

COVID-19 Impact Analysis

The COVID-19 outbreak was an unexpected health concern that significantly impacted the global bleeding control kit market growth. Different regulatory bodies-imposed restrictions on socializing and social gatherings, which negatively impacted the global market. During the pandemic, the restriction on socializing and social gatherings resulted in a reduction in the number of road traffic accidents, sports injuries, and other medical conditions, causing a decrease in the market growth globally. For instance, according to the International Society of Aesthetic Plastic Surgery, plastic surgery procedures decreased by approximately 10.9%, and around 78% of surgeons experienced temporary practice closure.

Market Segmentation

By Product Type
• Tourniquet
• Compression Bandage
• Compressed Gauze
• Trauma Shears
• Medical Gloves
• Others

By Application
• Surgeries
• Road Accidents
• Sports Trauma
• Others

By End User
• Hospitals
• Clinics
• Emergency medical services
• Academic Institutes
• Sports Academies
• Industries & Corporate Offices
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In May 2023, Axio Biosolutions, a top medical technology corporation, launched ASK (Axiostat Suraksha Kavach) MIL Kiosk in association with Olive Planet in a revolutionary movement to empower armed powers with cutting-edge medical technology for bleeding control. This state-of-the-art bleeding control kit has been thoughtfully curated in line with Axio’s idea to redefine the criteria of emergency medical care for the frontline soldiers.
• In June 2022, West Midlands Ambulance Service (WMAS) installed 80 life-saving bleed control kits around the province in collaboration with NHS Charities Together.

Competitive Landscape

The major global players in the market include VBM Medizintechnik GmbH, TyTek Medical, TacMed Solutions, SAM MEDICAL, Delfi Medical Innovations Inc., North American Rescue, LLC., Adventure Ready Brands, ZOLL Medical Corporation, FareTec Inc. and H&H Medical

Why Purchase the Report?
• To visualize the global bleeding control kit market segmentation based on product type, application, end user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of bleeding control kit market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key product of all the major players.

The global bleeding control kit market report would provide approximately 61 tables, 65 figures and 186 pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies