Bleeding control kits, also known as first-aid kits, consist of medical supplies used to prevent blood loss by applying pressure to wounds. The kits contain essential products such as bandages, gauze pads, compression dressings, tourniquets, and gloves to control bleeding until medical assistance arrives. They are vital for individuals in remote locations or areas without immediate access to medical facilities. Bleeding control kits provide life-saving capabilities during traumatic injuries from accidents or disasters.
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 from 2024 to 2031.
The growing demand for Global bleeding control kit Market Share stems from an increase in trauma cases, road accidents, injuries at construction or industrial sites, and enhanced government regulations mandating their availability in public places. Increased awareness through first-aid training programs has also boosted adoption.
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.
Major manufacturers are expanding their geographic footprint through partnerships with distributors across developed as well as emerging economies. Global market leaders are consolidating their presence via strategic mergers and acquisitions to strengthen product portfolios and distribution networks worldwide.
Market Key Trends
A key trend gaining momentum in the bleeding control kit market is the introduction of multi-functional and compact products for convenient portability and storage. Manufacturers are developing super-compressed bleeding control dressings, compact tourniquets, and dual-purpose packs containing essential items in minimal space. These innovations allow individuals to carry emergency medical equipment discreetly and access them quickly during life-threatening situations.
Porter’s Analysis
Threat of new entrants: Moderate threat as bleeding control kit market already has key players established.
Bargaining power of buyers: Moderate bargaining power as buyers have option to choose from various brands.
Bargaining power of suppliers: Low bargaining power as raw materials are commodity products and suppliers are fragmented.
Threat of new substitutes: Low threat as bleeding control kit serves distinct need of bleeding control and has no close substitute.
Competitive rivalry: Intense competition amongst established brands to gain market share through product innovation, marketing strategies and expansion to new regions.
North America accounted for the largest market share in terms of value in 2020 owing to high adoption of bleeding control kits, supportive healthcare infrastructure and emergency medical services in countries like United States and Canada.
Asia Pacific region is projected to grow at the fastest CAGR during the forecast period due to rapid economic development, rising healthcare expenditure, increasing number of hospitals and trauma centers, growing awareness about bleeding control kits in countries like China, India and South-East Asian countries. Rapidly growing geriatric population prone to injuries and emergencies also contributes to market growth in the region.
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1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it