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 is 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.
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.
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.
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1.1. Research methodology
1.2. Research Objective and Scope of the Report
3.1. Market Snippet by Product
3.2 Market Snippet by End-users
3.3 Market Snippet by Region
3.4 DataM CLO Scenario
4.4 Impact Analysis
5.1 Supply Chain Analysis
5.2 Pricing Analysis
5.3 Key Companies to Watch
5.4 Technology Developments
5.6 PEST Analysis
5.7 PORTERS Five Forces
5.8 Product Adoption Rate
8.1 North America
8.2.6 Rest of Europe
8.3 South America
8.3.3 Rest of South America
8.4 Asia Pacific
8.4.5 Rest of Asia Pacific
8.5 Rest of the world
9.1 Competitive Scenario
9.2 Competitor Strategy Analysis
9.3 Comparative Product Portfolio Analysis
9.4 Market Positioning/Share Analysis
9.5 Mergers and Acquisitions Analysis
10.1 RevMedx, Inc.
10.2 Baxter Healthcare Corporation.
12.2 About Us and Services
12.3 Contact Us
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