Global Combat Dressing Market: Drivers
The global combat dressing market revenue is driven by increasing demand for these dressings during increasing war and terrorism, worldwide. In 2016, the Institute of Economics and Peace (IPE) compiled the 10 countries under the heavy influence of terrorism including Iraq, Afghanistan, Nigeria, Pakistan, Syria, Yemen, India, Somalia, Egypt, and Libya. The combat dressing market size is also expanding, owing to increasing investments by the U.S. Department of Defense. According to Congressional Budget Office (CBO), the U.S. invested US$ 48.8 billion for military health in 2017.
Product launches such as the launch of QuikClot by Z-Medica in January 2018 is expected to boost the market growth. It is a hemostatic device, which stops bleeding significantly faster and is more effective than standard gauzes. Since the adoption of QuikClot combat gauze by the United States Army Institute for Surgical Research (USAISR), the Naval Medical Research Center (NMRC), and the Committee on Tactical Combat Casualty Care (CoTCCC), over six million units of QuikClot combat gauze has been sold in 2018.
Global Combat Dressing Market: Market Trends
Market trends indicate that there is an increasing preference for advanced hemostatic devices and dressings that aim to treat hemorrhagic wounds swiftly and effectively, driven by the growing need for better field treatment solutions.
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