Wounds inflicted due to gunshots are very painful and life-threatening if not given immediate medical attention. Hemorrhage or profuse blood loss is the chief cause of mortality seen in military warfare. Rapid and effective management of hemorrhage results in a lifesaving endeavor. Currently, there is a rise in the number of criminal violence and accidents occurring which leads to mass killing and traumatic injury which propels the gunshot wounds injury treatment products market growth. The management of gunshot wounds is a critical procedure that involves observation such as determining if there is the occurrence of flash bleed, checking for vital signs, and investigating if there is burn to tissues, pallor, and swelling.
The Chicago Tribune in its latest survey has reported that each week in the United States approximately 1,600 people are treated in trauma centers for gunshot wounds. Brady's report for 2016 states that in the United States, each year, 34,000 people die due to gunshot injuries, while 81,000 people survive. Post World War II, the United States has been engaged in several wars in the Middle East and Afghanistan and has received tremendous casualties with soldiers succumbing to gunshot wounds. In April 2014, USFDA approved XSTAT 30 manufactured by RevMedx, Inc., a revolutionary hemostatic device, which is used for the treatment of shrapnel and gunshot wounds. It comprises small groups of expanding sponges containing X-ray markers and is directly injected into the wound cavity. It temporarily creates a barrier for blood loss providing hemostatic pressure and is effective for 4 hours before the patient receives medical surgery.
Key players identified for the global gunshot injuries treatment products market include:
The key players set to make a mark in the global gunshot wounds market are Baxter Healthcare Corporation, RevMedx, Inc., and Other notable players.
Historical & Forecast Period
This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Gunshot Injuries Treatment Products market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2023-2033 |
| Base Year | 2024 |
| Forecast Period | 2025-2033 |
| Historical Year | 2023 |
| Unit | USD Million |
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Region Segment (2023-2033; US$ Million)
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Key questions answered in this report