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.