It is projected that the global postpartum hemorrhage treatment devices market will witness a highly promising rate of growth in the coming years of the forecast period. Postpartum hemorrhage is extremely common type of obstetric hemorrhage. In addition to this, it is also a leading cause of maternal casualties. As per the research study published by World Health Organization, nearly a quarter of maternal casualties occur because of the postpartum hemorrhage. It is classified as a primary PPH where the loss of blood is lower than 500 ml. In secondary PPH, the blood loss is more than 500 ml. Presently, the management of third labor actively participated for avoiding PPH that is injected directly after the birth of child.
Postpartum hemorrhage can be treated with the fist level (non-surgical) techniques that involves the uptake of uterotonic drugs such as misoprostol and oxytocin. However, in case of drug absence, second string of intervention devices are adopted. Typically, these postpartum hemorrhage treatment devices include inject prefilled injection systems, uterine balloon tamponade, and non-pneumatic anti-shock garment. Since such devices are highly effective in cutting down the loss of blood and eventually stopping the flow, there is an increased demand for the same. Moreover, they also help in stabilizing the condition of the patient till the time more substantive care is offered.
One of the key driving factor for the development of the global postpartum hemorrhage treatment devices market is the increasing prevalence of pregnancy related complications such as large size of baby, inverted uterus, and multiple pregnancies among others. In addition to this, greater postpartum hemorrhage risk factors such as growing anemia cases, trauma, and uterine atony among others in pregnant women is also a key driving factor for the overall development of the global postpartum hemorrhage treatment devices market.
The escalating cases of maternal deaths have fuelled demand for advanced therapeutics and devices to ensure effective treatment for pregnancy related complications. Spurred by the factor, demand from the postpartum hemorrhage (PPH) treatment devices market is expected to increase considerably. While manufacturers of these devices have found lucrative prospects in developed nations, they are yet to establish their presence across developing and under developed countries.
According to Transparency Market Research (TMR), lack of awareness creates bottlenecks for entry of PPH treatment device manufacturers in nations across the Middle East, Asia Pacific, and sub-Saharan Africa. Nevertheless, with governments and leading organizations focusing on spreading awareness about PPH treatment, proliferation of PPH devices is expected to pace up in the forthcoming years.
TMR forecasts the global PPH treatment market to exhibit a CAGR of 4.9% between 2015 and 2021. The market stood at US$604.4 mn in 2014 and is expected to reach US$926.1 mn by the end of 2023.
Demand for Uniject Prefilled Injection Systems to Rise at Higher Pace than other Product Segments
Among the various products available, the market is currently witnessing considerably high demand for uterine balloon tamponade. It is commercially available, offers high effectiveness, and ensures ease of use. Balloon tamponade thus emerged as the dominant product segment in the market in 2014. It is expected to rise at a CAGR of 4.9% between 2015 and 2023.
However, according to TMR, demand for uniject prefilled injection systems is likely to increase at a higher pace than other products available in the market. Uniject is an auto-disable and disposable injection system. The product segment is expected to witness considerably rising demand through the forecast period due to the easy applicability of uniject prefilled injection systems, their equitable pricing, and rising participation by government organizations in promoting their use.
Besides this, TMR also projects the application of non-pneumatic anti-shock garment (NASG) to increase significantly in the near future.
Commercial Availability of Advanced Devices Confirms North America’s Lead in Global PPH Treatment Devices Market
Regionally, the global PPH treatment devices market is currently dominated by North America. The region held over 36.1% of the global market in 2014. The rising prevalence of PPH in North America, increasing awareness among patients as well as healthcare service providers, high hospital delivery rates, and commercial availability of treatment devices are the primary factors fuelling demand from the North America treatment devices market. Manufacturers of PPH treatment devices have been witnessing lucrative opportunities in countries such as the U.S., Canada, and Mexico. These countries boast sophisticated healthcare infrastructure, which aids the expansion of the PPH treatment devices market in the region.
Europe trailed North America in terms of revenue contributed to the global PPH treatment devices market in 2014. However, during the course of the forecast period, demand from Asia Pacific is expected to rise at a higher pace. The improving healthcare infrastructure will fuel demand for PPH treatment devices in countries such as India, China, Philippines, and Taiwan. Furthermore, programs initiated by governments to prevent maternal deaths will also boost sales opportunities for manufacturers across these countries.
Some of the key players in the global postpartum hemorrhage treatment devices market are Bactiguard, Cook Medical, C.R. Bard, Utah Medical Products, Teleflex Incorporated, and Program for Appropriate Technology in Health (PATH).
List of Figures
FIG. 1 Postpartum Hemorrhage Treatment Devices Market Segmentation
FIG. 2 Global Postpartum Hemorrhage Treatment Devices Market, by Product Type, 2014 (USD Million)
FIG. 3 Comparative Analysis: Global Postpartum Hemorrhage Treatment Devices Market, by Geography, 2014 & 2023 (Value %)
FIG. 4 Postpartum Hemorrhage Treatment Devices Market: Drivers & Restraints
FIG. 5 Porter’s Five Forces Analysis: Global Postpartum Hemorrhage Treatment Devices Market
FIG. 6 Market Attractiveness Analysis: Global Postpartum Hemorrhage Treatment Devices Market, by Geography
FIG. 7 Global NASG Market Revenue for Postpartum Hemorrhage Treatment, 2013–2023 (USD Million)
FIG. 8 Global Uniject Prefilled Injection System Market Revenue for Postpartum Hemorrhage Treatment, 2013–2023 (USD Million)
FIG. 9 Global Foley Catheters Market Revenue, 2013–2023 (USD Million)
FIG. 10 Global Condom Catheters Market Revenue, 2013–2023 (USD Million)
FIG. 11 Global Other Tamponades Market Revenue, 2013–2023 (USD Million)
FIG. 12 U.S. Postpartum Hemorrhage Treatment Devices Market Revenue, 2013–2023 (USD Million)
FIG. 13 Canada Postpartum Hemorrhage Treatment Devices Market Revenue, 2013–2023 (USD Million)
FIG. 14 Germany Postpartum Hemorrhage Treatment Devices Market Revenue, 2013–2023 (USD Million)
FIG. 15 U.K. Postpartum Hemorrhage Treatment Devices Market Revenue, 2013–2023 (USD Million)
FIG. 16 Rest of Europe Postpartum Hemorrhage Treatment Devices Market Revenue, 2013–2023 (USD Million)
FIG. 17 Japan Postpartum Hemorrhage Treatment Devices Market Revenue, 2013–2023 (USD Million)
FIG. 18 China Postpartum Hemorrhage Treatment Devices Market Revenue, 2013–2023 (USD Million)
FIG. 19 Rest of Asia Pacific Postpartum Hemorrhage Treatment Devices Market Revenue, 2013–2023 (USD Million)
FIG. 20 Latin America Postpartum Hemorrhage Treatment Devices Market Revenue, 2013–2023 (USD Million)
FIG. 21 MENA Postpartum Hemorrhage Treatment Devices Market Revenue, 2013–2023 (USD Million)
FIG. 22 RoW Postpartum Hemorrhage Treatment Devices Market Revenue, 2013–2023 (USD Million)
FIG. 23 Bactiguard AB: Annual Revenue, 2012–2014 (USD Million)
FIG. 24 C. R. Bard, Inc.: Annual Revenue, 2012–2014 (USD Million)
FIG. 25 PATH.: Annual Revenue, 2012–2014 (USD Million)
FIG. 26 PATH: Source of Funding, 2014 (%)
FIG. 27 Teleflex Incorporated: Annual Revenue, 2012–2014 (USD Million)
FIG. 28 Teleflex Incorporated: Segment Revenue, 2012–2014 (USD Million)
FIG. 29 Utah Medical Products, Inc.: Annual Revenue, 2012–2014 (USD Million)
FIG. 30 Utah Medical Products, Inc.: Segment Revenue, 2012–2014 (USD Million)