A new market study, titled “Global Gunshot Injuries Market – 2019-2026” has been featured on WiseGuyReports.
Global Gunshot Injuries Market Overview
A gunshot wound (GSW), also known as ballistic trauma, is a form of physical trauma sustained from the discharge of arms or bullets or any other projectiles. GSWs are painful and extremely traumatic for the injured person as these wounds cause high blood loss and at times site of injury cannot heal quickly, and the open wound attracts other infections. Management of GSWs can range from local wound care to urgent surgical intervention. Damage caused due to gunshot depends on the location of the injury and type of bullet that inflicted it. GSWs can cause severe damage to tissues and organs, wound infections, paralysis, and sometime it may lead to death. The most common forms of gunshot injuries come from firearms used in armed conflicts, civilian sporting, recreational pursuits, and criminal activity. Immediate treatment and stabilizing the injured person is necessary as the immediate effect of a gunshot wound is generally severe bleeding. It can be achieved with the help of gunshot injuries treatment products.
Global Gunshot Injuries Market – Market Dynamics
Primary drivers of the global gunshot injuries market are increasing incidences of firearm-related crime resulting in non-fatal gunshot wounds, incidents of war, armed riots, and the rising crime rates. These factors are expected to boost the growth of the gunshot injuries treatment market across the globe. For instance, in 2017 alone, 11 mass shootings in the US caused 117 fatalities and 587 injuries occurring in concert, religious, workplace, airport, and shopping venues and the community. According to the CDC, there were 1,555 firearm fatalities in Pennsylvania alone, in 2016. Furthermore, raising awareness about the efficiency of gunshot management products for the treatment of GSWs is further propelling the market growth for gunshot injuries treatment.
However, limited availability of products mainly in the emerging economies, alternative methods, and options for treating the gunshot wounds, along with the stringent guidelines for products approved by the government may hinder the growth of the gunshot injury market.
Global Gunshot Injuries Market – Segment Analysis
By Product type, the global gunshot injury is segmented into Xstat, Airwrap, and Floseal. Xstat share dominants the product segment is owing it to the increase in adoption of the product due to its efficiency in preventing blood loss and the novelty of the product. January 2017, RevMedx announced that the Highland Park Department of Public Safety (Highland Park, TX) is fielding XSTAT as a new treatment option in their medical and trauma kits. Xstat are prescription devices that work using a syringe-like applicator to inject a group of small, rapidly-expanding sponges into a wound cavity. After inserting, the sponges rapidly expand and exert pressure and closing up the wound. XSTAT can stop bleeding in seconds to stabilize injuries until patients reach emergency care, unlike traditional methods which take several minutes to come into effect.
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Global Gunshot Injuries Market – Geographical Analysis
North America accounts for the largest share in the global gunshot injuries market, followed by Europe. It is a crucial contributor to the market as it a developed region with high spending of GDP in healthcare, especially in the US and Canada, increased research and development expenditure and availability of advanced gunshot wound care products such as sponge-filled syringes and bandages. Additionally, the rise in gun crime, the presence of superior wound care facilities, along with the growing awareness are expected to propel the gunshot injuries market in North America and Europe. The CDC’s Wonder database shows that in 2017, 39,773 people in the US lost their lives at the point of a gun when adjusted for age fluctuations, that represents a total of 12 deaths per 100,000 people. It is up from 10.1 in 2010 and the highest rate since 1996.
The Asia Pacific is expected to witness the most significant growth regarding the consumption of gunshot injuries products. The growth of the share is supposed to be driven by China and India owing it to their large populations, increasing gun-related crime cases, rise in accessibility of wound care products, and developing health care infrastructure. The global gunshot injuries market in the Middle East, Africa, and South America is anticipated to expand during the forecast period, owing to the expected launch of wound care products in these regions.
Global Smart Healthcare Products Market – Competitive Analysis
Key players are focusing on research and development activities to introduce innovative product lines and supporting accessories into the gunshot injury management products are some strategies used by companies to expand their market presence. Key companies in this market are RevMedx, Inc. and Baxter Healthcare Corporation.
For instance, XStat was manufactured by RevMedx is the only gunshot injury management device which is extensively used on battlefields, globally. Xstat was approved by the FDA in April, 2014, to plug up life-threatening wounds. It is a sponge-filled syringe that can plug deep and narrow wounds from gunshots or stabbings in seconds.
Why Purchase the Report?
- Visualize the composition of the global gunshot injuries market across each indication, in terms of type and treatment options, highlighting the key commercial assets and players.
- Identify commercial opportunities in global gunshot injuries market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of the global gunshot injuries market – level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key products of all major market players
- Equipment Suppliers/ Buyers
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
Table of Content
- Global Gunshot Injuries Market Methodology and Scope
- Global Gunshot Injuries Market – Market Definition and Disease Overview
- Global Gunshot Injuries Market – Executive Summary
- Global Gunshot Injuries Market – Market Dynamics
- Global Gunshot Injuries Market – Industry Forces
- Global Gunshot Injuries Market – By Product
- Global Gunshot Injuries Market – By Region
- Global Gunshot Injuries Market – Competitive Landscape
- Company Profiles
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