Antibleeding Gel Market size is estimated to be $4.7 billion in 2019, growing at a CAGR of 6.1% during the forecast period 2020-2025. Antibleeding gel is a semi-clear gel that instantly stops internal and external bleeding. The gel stops bleeding and speeds along the process of healing and also works to stick blood platelets together to active clotting factor, which leads to beginning of healing process. Rising number of road accidents coupled with the increase in the number of people suffering from psychological trauma is a significant factor contributing to its market growth. Besides this, the introduction of vetigel for veterinary is also fueling the market growth. Vetigel is a 5ml syringe of gel comprised of two Biopolymers, when directly applied to the source of bleeding it rapidly adheres to the wound-site and stops the flow of bleeding by creating a mechanical barrier. Moreover, according to the NCBI trauma is the leading cause of death and disability in the United States. For children and adults younger than age 45, trauma accounts for an estimated 79,000 deaths each year compared to 49,000 non-communicable disease deaths and 15,000 infectious disease deaths.
Antibleeding Gel Market Segment Analysis – By Product Type
By Product Type, the Antibleeding Gel Market is segmented into Veterinary Use and Human Use. Veterinary Use held the major market share in 2019 owing to the rising number of animal’s road injuries. Vetigel is a simple gel made from natural algae-based polymer which cooperate with the native cellular clotting signals to accelerate hemostasis. Moreover, it is a fast acting, bioresorbabale gel used to stop bleeding in seconds. The product is designed for veterinarians bleeding internally and externally which is made to stop minor or severe wounds in animal without manual pressure. In addition, when it is applied to a wound it speeds up the body production of fibrin which helps in blood clotting. Furthermore, according to Insurance Institute of Highway Safety from 1975 to the mid-2000s there was a general upward trend in death from collision with animals with 211 deaths in 2017. Also, human use segment is projected to witness growth at fastest CAGR of 6.8% in forecast period 2020-2025. Moreover, Prevest Hemostat Gel is a 25% buffered aluminum chloride thixotropic, non-dripping gel for stopping minor gingival bleeding in restorative procedures, placement of metal bands, cervical matrices and crown preparation.
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Antibleeding Gel Market Segment Analysis – By Distribution Channel
Retail Pharmacy accounted for the largest market share in 2019 owing to the ease of availability of antibleeding gel. The retail pharmacy is an independent avenue that provides branded or generic medicines to the public with or without prescription. In addition, government and medical bodies have levied multiple regulations to ensure proper and secure functioning of retail pharmacy which is a major factor contributing to segment revenue. Furthermore, the growth of this segment is majorly due to the increasing number of people injured in road accidents.
Antibleeding Gel Market Segment Analysis – Geography
North America dominated the Antibleeding Gel Market with a region share of more than 30% in 2019 followed by Europe and APAC. Growing population along with the increase in the number of people suffering from trauma injuries in the United States, increasing funding by government bodies, rising healthcare expenditure and increasing health concern among people is a major factor propelling the market growth. Furthermore, the presence of major players including Cresilon is further contributing to the market growth.
Antibleeding Gel Market Drivers
Large Number of People Suffering from Trauma Injuries
Large number of people suffering from trauma injuries is a major driving the Antibleeding Gel Market during the forecast period 2020-2025. Moreover, trauma injuries are a result of wide variety of blunt, penetrating and burn mechanism. They include motor vehicle collision, sports injuries, falls, natural disaster and a multitude of other physical injuries which occur in the home, on the street, while at work which requires immediate care. Furthermore, according to the American Association for the Surgery of Trauma in the U.S. injury accounts for over 150,000 deaths and over 3 million non-fatal injuries per year.
Rising Number of Road Accidents
Rising Number of Road Accidents is a major factor driving Antibleeding Gel Market during the forecast period 2020-2025. Moreover, according to World Health Organization every year approximately 1.35 million are cut short as a result of road traffic crash. Between 20 and 50 million more people suffer from non-fatal injuries, with many incurring disabilities as a result of injury. In addition, road traffic injuries cause considerable economic losses to individuals, families and to notation as a whole.
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Antibleeding Gel Market Challenges
Side-Effects of Antibleeding Gel
Side-effects of antibleeding gel serves as a major setback for the growth of the Antibleeding Gel Market during the forecast period 2020-2025. Moreover, thrombi gel sometimes can lead to bloody stools, bleeding gums, blood in the urine, coughing up blood, headache which hampers its market growth in the future.
Antibleeding Gel Market Industry Outlook
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Antibleeding Gel Market. Antibleeding Gel Market top 10 companies are Cresilon Inc., Baxter Healthcare Corporation, Z-Medica, Steve Kelly, Ethicon, Pfizer Inc., CR Bard, Hemcon Medical Technologies Inc., Abbott Laboratories and Johnson & Johnson.
Note: Antibleeding Gel Market has no developments in the previous 5 years.
Veterinary Use held the major market share in 2019 owing to the rising number of animal’s road injuries.
Retail Pharmacy accounted for the largest market share in 2019 owing to the ease of availability of antibleeding gel.
North America dominated the Antibleeding Gel Market owing to the rising number of trauma injuries cases in the United States.
Rising Number of Road Accidents is a major factor driving Antibleeding Gel Market during the forecast period 2020-2025.
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