Hemorrhagic Shock Treatment Market Size Is Elastomers to Grow By 4.0% CAGR by 2027
SEATTLE, April 29, 2021, (PHARMIWEB) — Global Hemorrhagic Shock Treatment Market
Hemorrhagic shock is a rare condition occur in many gynaecological or obstetrical conditions. Reduction in blood volume, in this condition, leads to sympathetic compensation by increased myocardial contractility, peripheral vasoconstriction, and tachycardia, which may increase the demand for myocardial oxygen. According to the World Health Organization (WHO), trauma is one of the leading causes of death worldwide with half of the cases attributed to hemorrhages.
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Increasing prevalence of chronic diseases, such as cancer, and heart disease, worldwide is expected to drive the global hemorrhagic shock treatment market growth over the forecast period. According to the WHO, the burden of chronic disease is expected to rise from 47 percent in 2001 to 57 percent by 2020.
Moreover, increasing focus towards R&D for the treatment of hemorrhagic shock is expected to augment growth of global hemorrhagic shock treatment market. For instance, in 2015, the U.S. Food and Drug Administration (FDA) approved Leading BioSciences’ phase II clinical trial of LB1148 for the treatment of hemorrhagic shock. Furthermore, in 2017, Jiangsu Nhwa Pharmaceutical and NuvOxPharma signed an agreement to develop and market NVX-408 in China for treatment of hemorrhagic shock and perioperative blood loss.
The emergence of COVID-19 is posing significant challenges in the management of medical emergencies like haemorrhage and other chronic conditions. Hemorrhagic shock is a serious medical emergency with significant mortality and morbidity that requires immediate treatment. However, increasing cases of COVID-19, as well as a lack of resources and amenities, make it difficult for the healthcare system to treat patients with other morbidities.
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Stringent regulations, the high cost associated with the treatment of hemorrhagic shock, and the lack of advanced healthcare facilities are some of the major factors expected to restrict the global hemorrhagic shock treatment market growth.
By Distribution Channel:
- Retail Pharmacy
- Online Channels
- Hospital Pharmacy
- Latin America
- North America
- Asia Pacific
- Middle East
North America is expected to witness robust growth in the global hemorrhagic shock treatment market due to increase in approvals for the treatment of hemorrhagic shock, increase in research and development, and the need for disease-specific treatment in the region. For instance, in 2017, the United States Food and Drug Administration (USFDA) approved the U.S. Army Institute of Surgical Research’s (USAISR’s) hemorrhagic shock device, which is capable of detecting imminent shock in trauma patients.
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Major players active in the global hemorrhagic shock treatment market are NuvOxPharma LLC, Biomedica Management Corporation, F. Hoffmann-La Roche Ltd, Leading BioSciences, Inc., Amneal Pharmaceuticals LLC, Boehringer Ingelheim International GmbH, Bristol-Myers Squibb Company, AstraZeneca, Johnson & Johnson Services Inc, Limited, Daiichi Sankyo Company, ZydusCadila, Novartis AG, and Teva Pharmaceutical Industries Ltd.About Us:
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