Bleeding Control Kit Market

Bleeding Control Kit Market Snapshot (2023 to 2033)

The estimated valuation of the bleeding control kit market in 2022 was USD 4,265.8 million and is anticipated to reach a valuation of USD 4,365.4 million in 2023.

An increase in the research and development initiatives required in the treatment of various types of blood disorders will also widen the scope for the growth of this market.

According to our researchers, the bleeding control kit market will be anticipated to expand at a CAGR of 2.9% between 2023 and 2033, totaling around USD 5,833.5 million by 2033.

The rising cases of accidents across the globe are set to propel the demand for bleeding control supplies 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.

Attributes	Details
Projected Forecast Value (2022)	USD 4,265.8 million
Projected Forecast Value (2023)	USD 4,365.4 million
Projected Forecast Value (2033)	USD 5,833.5 million
Growth rate	2.9% CAGR
Forecast period	2023 to 2033

Global Bleeding Control Kit Market Historical Analysis (2017 to 2022) Vs. Forecast Outlook (2023 to 2033)

The global bleeding control kit market expanded at a CAGR of 1.9% between 2017 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 2.9% between 2023 and 2033.

Rise in the funding by the federal government hence drives the adoption of bleeding control procedures and their solutions further by influencing the market.

Boost in healthcare expenditure, with the advancements in healthcare infrastructure, and growth in demand for expansion in the care for delivery positively affects the bleeding disorders treatment market.

Prominent Drivers Spearheading Bleeding Control Kit Market Growth

Increasing Number of Awareness Programs by Government Bodies

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 like first aid kits, and emergency 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.

Challenges Faced by the Bleeding Control Kit Industry

Lack of Skilled Healthcare Professionals

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 procedures can decline their sales in these countries.

Region-wise Analysis

Region/Country	The United States
Key Growth Factors	An increase in the number of accidents. Presence of well-developed healthcare infrastructure in this region is also expected to augur well for the global market.
Key Statistic	Captured a market share of 23.2% in 2022.

Region/Country	North America
Key Growth Factors	Favorable reimbursement policies and government support in terms of funding positively affect the regional market.
Key Statistic	Estimated to record a value share of 27.8% in 2022.

Region/Country	China
Key Growth Factors	Rapidly evolving healthcare sector in developing countries. Boost in demand for quality and cost-effective healthcare. Surge in penetration of health insurance. Enlargement of medical tourism.
Key Statistic	Anticipated to develop a 4.5% CAGR from 2023 to 2033.

Region/Country	India
Key Growth Factors	Growth in the burden of new diseases. The increase in the middle-class population is projected to augment the growth in this market.
Key Statistic	Forecasted to record at 5.2% CAGR from 2023 to 2033.

Category-wise Analysis

Category	Product
Sub Category	Tourniquet
Key Growth Factors	Help in controlling bleeding by completely stopping the flow of blood to a wound. Reserved for the worst bleeding as they mainly keep the patient from developing shocks. Highly popular on the battlefield as they can be applied quickly. Constant monitoring is not required.
Key Statistics	Attained a market share of 37.8% in 2022.

Category	End-user
Sub Category	Hospitals
Key Growth Factors	Presence of bleeding control kit facilities within a hospital positively affects various factors, like duration of hospital stay, total healthcare cost, quality of care, and availability of emergency care. High admission rates of patients for proper treatment within hospital settings. Pushing sales in this segment over the forecast period.
Key Statistics	Captured a market share of 27.3%% in 2022.

Market Competition

Some of the leading companies operating in the global bleeding control supplies 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.

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-

• In January 2023, Tytek Medical Inc. manufactured medical supplies. The Company offered pre-hospital emergency medical supplies for trauma care such as bandages, shears, chest decompression needles, portable suction units, compressed gauze, and other clinical supplies.
• In November 2022, Friedrich Bosch Medizintechnik aimed to grow with every technology in every region of the world and to be among the leading three suppliers in our relevant markets.

Scope of Report

Report Attribute	Details
Growth Rate	CAGR of 2.9% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2017 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Product Type, End User, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Rest of Latin America, Germany, The United Kingdom, France, Spain, Italy, Rest of Western Europe, Poland, Russia, Czech Republic, Romania, Rest of Eastern Europe, India, Bangladesh, Australia, New Zealand, Rest of South Asia and the Pacific, China, Japan, South Korea, GCC countries, South Africa, Israel, Rest of the Middle East and Africa
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

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

Frequently Asked Questions

What is the market value in 2023?

The market in 2023 is valued at USD 4,365.4 million.

How was the market’s historical performance?

The market rose at a 1.9% CAGR from 2017 to 2022.

What will be the growth rate until 2033?

Until 2033, the market will experience a 2.9% CAGR.

What will be the market value in 2033?

The market shall reach USD 5,833.5 million in 2033.

What was the market value in 2022?

The market in 2022 was valued at USD 4,265.8 million.