SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, the global hemorrhagic shock treatment market is estimated to be valued at US$ 175.4 million in 2020 and is expected to exhibit a CAGR of 4.0% during the forecast period (2020-2027).
Key Trends and Analysis:
The global hemorrhagic shock treatment market is expected to witness significant growth owing to research & development activities and adoption of strategies such as collaborative licensing agreements. For instance, in January 2017, NuvOx Pharma LLC and Jiangsu Nhwa Pharmaceutical Co., Ltd. enter a collaborative licensing agreement to develop and sell NVX-408 in China for the treatment of hemorrhagic shock. The NVX-408 is an oxygen therapeutic that is injected intravenously and flows through the lungs and gathers oxygen. According to the pre-clinical studies, NVX408 can improve survival rate during severe blood loss.
In October 2019, scientists at the Feinstein Institutes for Medical Research completed a study that involves bio-electronic medicine strategies for the treatment of hemorrhagic shock (HS). The positive findings of the study have been published in the Springer Nature journal.
Key players in the hemorrhagic shock treatment market are focused on obtaining drug approvals and clearance from regulatory authorities to maintain a competitive edge in the market. For instance, in October 2019, the researchers at Feinstein Institutes for Medical Research conducted a study which proved the efficacy of bioelectric medicine for treatment of hemorrhagic shock. The study concluded that bioelectric medicine stimulates the nervous system and inhibits or modify the neural activity to better manage this condition.
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Key Market Takeaways:
The global hemorrhagic shock treatment market is expected to exhibit a CAGR of 4.0% during the forecast period (2020-2027) owing to development of novel treatments for treatment of hemorrhagic shock.
North America is expected to be the most lucrative region in the global hemorrhagic shock treatment market due to the growing demand for disease-specific treatment, increasing focus on research & development, and rising number of FDA approvals for the treatment of hemorrhagic shock. For instance, in February 2017, the U.S. Army Institute of Surgical Research (USAISR) received FDA clearance for its hemorrhagic shock device.
Key players operating in the global hemorrhagic shock treatment market are Amneal Pharmaceuticals LLC, Biomedica Management Corporation, ZydusCadila, NuvOx Pharma LLC, Novartis AG, Leading BioSciences, Inc., Teva Pharmaceutical Industries Ltd, F. Hoffmann-La Roche Ltd, Bristol-Myers Squibb Company, Daiichi Sankyo Company, Limited, Boehringer Ingelheim International GmbH, AstraZeneca, and Johnson & Johnson Services Inc.
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Global Hemorrhagic Shock Treatment Market, By Drug:
Global Hemorrhagic Shock Treatment Market, By Distribution Channel:
- Retail Pharmacy
- Hospital Pharmacy
- Online Channels
Global Hemorrhagic Shock Treatment Market, By Region:
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
- Rest of Middle East
- South Africa
- Central Africa
- North Africa
- North America
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