Gunshot Injuries Treatment Market Analysis
Global Gunshot Injuries Treatment Market, By Product (XStat, Airwrap, Floseal), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
Gunshot Injuries Treatment Market: Life Saviors at the Battlefield
Gunshot injury, also referred to as ballistic trauma, is a form of physical trauma caused when a bullet, knife or any sharp projectile is shot into the body. Gunshot injuries cause severe conditions such as excessive bleeding, tissue and organ damage, paralysis or broken bones, and may also lead to death. The immediate effect of a gunshot wound is severe bleeding, which depends on the location of injury, and type and speed of the penetrated bullet. The gunshot injuries treatment products are expected to save lives by aiding the bleeding within seconds, thereby saving the life of injured person.
The main aim of these products is to efficiently provide help in severe cases by increasing rate of the blood clotting process.
The global gunshot injuries treatment market was valued at US$ 8.0 million in 2017 and is expected to witness a CAGR of 8.2% over the forecast period (2017 – 2025).
Figure 1. Global Gunshot Injuries Treatment Market Share, By Product (%)
Increasing incidence of traumatic injury is expected to augment growth of the gunshot injuries treatment market
Traumatic injury remains a persistent and significant public health problem, which poses as a major factor driving demand for gunshot injuries treatment. According to the Centers for Disease Control and Prevention, around 84,000 gun-shot related injuries and around 2 million knife related injuries were recorded in 2013, globally. The injuries cause deep hemorrhagic wounds, which are characterized by profuse bleeding from the ruptured blood vessels. Stats released by the Food and Drug Administration,2015, has predicted that the deaths due to gunshot or traumatic injuries is expected to account for 30-40% of civilian deaths, often before the patient reaches the hospital. It further revealed that the innovative FDA approved Xstat would possibly make a difference to prevent mortality, if made available to the emergency personnel to prevent delay in care, as hospital care cannot be accessed immediately. North America is expected to hold a dominant position in the gunshot injuries treatment market, attributed to the availability of advanced and FDA approved products such as sponge-filled syringe and bandages. According to data published in Trauma Reports in 2012, penetrating trauma is the second major cause of injury-related deaths, with an around 60,000 - 80,000 occurrence rate of nonfatal gunshot, in the U.S.
FDA approval of the gunshot injuries treatment products is a prominent factor fueling the gunshot injuries treatment market
Advancements in medicine and technology help prevent the mortality rate associated with gunshot injuries, thus augmenting the demand for these preventive and efficient products. Xstat is the only gunshot wound management device, which is extensively used on battlefields, globally. XStat was manufactured by RevMedx and approved by the FDA in April, 2014, to plug up life-threatening wounds. Furthermore, the launch and availability of these devices is expected to propel the market in Asia Pacific and Europe. The clearance of the Xstat 30 for gunshot injury treatment expands the device’s indication for use for adults and adolescents in the general population, thereby facilitating the market growth. XStat 30 was FDA-approved in December 2015, for use for patients with high life-threatening risk, suffering from immediate and severe hemorrhagic shocks when definitive care at an emergency care facility cannot be achieved within minutes.
Gunshot injuries are extremely traumatic and painful for the injured person. The cavity that appears at the site of injury cannot be repaired and the open wound attracts other infections with a high blood loss. The gunshot injuries treatment products help stabilize the condition of the injured person before undergoing surgery. The products control bleeding, ultimately reducing mortality rate in cases of gunshot injuries.
High incidence of traumatic injury, non-fatal firearm-related crime, and war causalities are the factors expected to boost growth of the gunshot injuries treatment market across the globe. Additionally, increasing awareness about the efficiency of gunshot management products for the treatment of gunshot injuries is propelling the market growth for gunshot injuries treatment. However, limited product availability in the emerging economies, alternative options for treating the gunshot wounds, and stringent product approval guidelines recommended by the government pose as major restraints for growth of the market.
This report segments the global gunshot injuries treatment market on the basis of product, which is further classified into XStat, airwrap and floseal.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
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