Bleeding Control Kit Market Synopsis:

Bleeding Control Kit Market Size Was Valued at USD 4.40 Billion in 2023, and is Projected to Reach USD 5.75 Billion by 2032, Growing at a CAGR of 3.01 % From 2024-2032.

The Bleeding Control Kit Market is a range of primary treatment equipment for emergency bleeding in critical conditions. Such kits normally have simple products that are required in important moments, such as medical gloves, gauze, a tourniquet, shears, as well as products for blood coagulating or stopping blood loss with the assistance of other extensive treatment in a health center. There are two types of bleeding control kits the medical type and the non-medical type, they are mostly located in public access areas, offices, schools and apartment buildings. First of all, they are crucial in first challenging situations, and trauma care particularly where a patient needs to be fast facilitated due to the risks associated with rapture and high mortality rates.

The market of bleeding control kits has appeared quite vast due to increasing features of safety and first assistance amenities in official and civil fields. New and additional attention has been observed in the number of accidents, trauma incidences and mass causality events that have incited the need for bleeding control kits in many settings. Bleeding control kits are available for purchase known as Powered by governments and public organizations for public security install and make it available throughout the school offices, public transport stations and other congested areas for a purpose to facilitate and empower citizens in case of emergencies. Also, the new legislation in some countries like United States that mandates the provision of bleeding control kits in every locality boost the growth of the market.

The consciousness of the requirement of fast bleeding control is growing among health care specialists, safety managers and the general population in developed and developing countries, as a result, the demand for such kits. Nowadays a large number of hospital /other health care facilities are equipping their emergency response tray with bleeding control kits for easy access of medical professionals in case of bleeding injuries. The market is also driven with growth of trauma training programs that incorporate the use of the bleeding control kits as essentials, thus schools, police departments and even businesses purchase and store the kits at their premises.

Bleeding Control Kit Market - Size & Upcoming Industry Trends (2024-2032)

Bleeding Control Kit Market Trend Analysis:

Increased Focus on Public Access Bleeding Control Kits

  • Of these trends, the most prominent that has been observed in the bleeding control kit market is the shift toward public access bleeding control kits. These has been assured to be placed at highly visible places within such areas as done with the placing of Automated External Defibrillators (AEDs). The portable bleeding control kits for public use are likely to help the public act in a preventive way in incidents like an auto mechanical failure, work–related injury or a shooting. As people get more awareness of the amount of haemorrhage control campaigns, more municipalities, schools, companies, and community centres have followed suit buy bleeding control kits and put it near to other emergency equipment. This trend has shown the modern attempts to address bleeding control as one of the components of the population protection against trauma, which is characterized by death due to massive bleeding if time permits.

Rising Demand from Military and Law Enforcement Agencies

  • The potential for development of the bleeding control kit market remains high in the sphere of military and law enforcement use, as well as in any cases where quick and successful haemostasis is all but necessary. Much of this has to do with the fact that soldiers and police officers are attending to dangerous circumstances often in a combat or violent scene where rapid control of bleeding may well be the difference between life and death. Therefore, the need to adopt bleeding control kits as these governments offer better budgets to these agencies help improve them with first-aid modulated refined facilities and equipment. Moreover, there are trend which was launched new specialized fully approved bleeding control kits for military and tactical use, for instance, kits which contain the haemostatic agents and collapsible tourniquets, are still in development and application. This opportunity is especially powerful since governments invest the most in safety and flood/trauma dependability of armed forces and law enforcement.

Bleeding Control Kit Market Segment Analysis:

Bleeding Control Kit Market is Segmented on the basis of Product Type, Injury Type, End User, and Region

By Product Type, Medical gloves segment is expected to dominate the market during the forecast period

  • During the analysed period, the Medical Gloves segment has been anticipated to offer the largest contribution to the bleeds control kit market. Every bleeding control kit shall contain the use of a medical glove because the kit Shall be between the responder and the bleeding person thereby eradicating the spread of diseases. In any event, it is always advisable to treat the wounds carefully and when controlling bleeding, use of medical gloves precede any other methods. This segment alone remains a large portion of the market as gloves are a high usage item in healthcare facilities and as part of any bleeding control kit. Furthermore, since bleeding control kits are commonly augmented with disposable protective equipment as a result of the continued emphasis on infection risks, the need for medical gloves will continue to be strong for all varieties of bleeding control kits in the various categories of usage, including healthcare, law enforcement, and other settings.

By Injury type, the Deep cuts segment expected to held the largest share

  • Based on the market size analysis, the Deep Cuts segment has a possibility to cover the highest market of bleeding control kits concerning globally acknowledged need for proper management of the massive tear occurrence. Of additional concerns that the Mechanized forces face when they conduct deep operations is that they are exposed to a lot of bloodletting that if left unmitigated leads to other complications or even a lot of causalities. Local control equipment for deep injuries may need high absorbent dressings; gauze packaged with haemostatic agents for the case of excessive bleeding. These are relevant kits in handling cases of mishaps that occur at working places, athletics, and other evils’ areas. As such injuries are not very rare, the requirement of having bleed control kits for such injury cases has not been an unmet need. This segment’s growth is established on the fact which is arising due to the increasing perception across the public and other organizations that requires bleeding management solutions that are quick to prevent severe consequences of deep injuries.

Bleeding Control Kit Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • North America is projected to secure the biggest market share for bleeding control kits in the forecast timeframe due to elevated concern with first aid readiness, availing rules and safety measures. Now in the United States specifically, the ‘Stop the Bleed’ programmes have been made popular where state governments, and other local authorities have taken the mantle of spearheading the campaign for bleeding control and widespread installation of the bleeding kits at strategic places. This has been amendatory through many state laws that every school, government and other public places to have bleeding control kits hence increasing its demand. Thus, it can explain that the share in bleeding control kits significantly belongs to the global level and particularly referring to the U.S, where people and emergency services pay much attention to public safety.
  • Also, when there are already existing health care facilities in North America there will always be many in the case of trauma training programs as well. Today bleeding control kits are part of the equipment that first responders, policemen, and other public safety employees use – this is arguably, a very good example of how the advancement of trauma care has evolved in the area. Holding consumers’ attention on lives being saved from trauma and bleeding, and further continuous investment in public safety will make North America leading in the bleeding control kit market during the forecast period. Furthermore, the inhabitants and institution of the country have shown a growing concern of the first aid trainings and this ‘suggests’ NA as the prime market for the kits.

Active Key Players in the Bleeding Control Kit Market:

  • Aero Healthcare (Australia)
  • American CPR Training (US)
  • Bound Tree Medical (US)
  • Cintas Corporation (US)
  • Combat Medical Systems (US)
  • H&H Medical Corporation (US)
  • Medline Industries, Inc. (US)
  • North American Rescue, LLC (US)
  • Paul Hartmann AG (Germany)
  • PerSys Medical (US)
  • Safeguard Medical (UK)
  • StatPacks (US)
  • Stop the Bleed (US)
  • Tactical Medical Solutions, Inc. (US)
  • Z-Medica, LLC (US), and Other Active Players.

Global Bleeding Control Kit Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD4.40 Billion

Forecast Period 2024-32 CAGR:

3.01 %

Market Size in 2032:

USD 5.75 Billion

Segments Covered:

By Product Type

  • Medical gloves
  • Tourniquet
  • Medical shears
  • Compressed gauze
  • Compression bandage
  • others

By Injury Type

  • Gunshot wounds
  • Stab wounds
  • Deep Cuts
  • Others

By End User

  • Hospitals
  • Clinics
  • Home care settings
  • Emergency Medical settings
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising awareness of trauma care and the importance of quick-response first-aid solutions.

Key Market Restraints:

  • High cost of advanced bleeding control kits may limit accessibility in some regions.

Key Opportunities:

  • Growing demand from military, law enforcement, and first-response sectors for advanced bleeding control solutions.

Companies Covered in the report:

  • Aero Healthcare, Bound Tree Medical, Cintas Corporation, Combat Medical Systems, Medline Industries, Inc and Other Active Players.
Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Bleeding Control Kit Market by By Product Type (2018-2032)
 4.1 Bleeding Control Kit Market Snapshot and Growth Engine
 4.2 Market Overview
 4.3 Medical gloves
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.3.3 Key Market Trends, Growth Factors, and Opportunities
  4.3.4 Geographic Segmentation Analysis
 4.4 Tourniquet
 4.5 Medical shears
 4.6 Compressed gauze
 4.7 Compression bandage
 4.8 others

Chapter 5: Bleeding Control Kit Market by By Injury Type (2018-2032)
 5.1 Bleeding Control Kit Market Snapshot and Growth Engine
 5.2 Market Overview
 5.3 Gunshot wounds
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.3.3 Key Market Trends, Growth Factors, and Opportunities
  5.3.4 Geographic Segmentation Analysis
 5.4 Stab wounds
 5.5 Deep Cuts
 5.6 Others

Chapter 6: Bleeding Control Kit Market by By End User (2018-2032)
 6.1 Bleeding Control Kit Market Snapshot and Growth Engine
 6.2 Market Overview
 6.3 Hospitals
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.3.3 Key Market Trends, Growth Factors, and Opportunities
  6.3.4 Geographic Segmentation Analysis
 6.4 Clinics
 6.5 Home care settings
 6.6 Emergency Medical settings
 6.7 Others

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Bleeding Control Kit Market Share by Manufacturer (2024)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions  
 7.2 AERO HEALTHCARE (AUSTRALIA)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 AMERICAN CPR TRAINING (US)
 7.4 BOUND TREE MEDICAL (US)
 7.5 CINTAS CORPORATION (US)
 7.6 COMBAT MEDICAL SYSTEMS (US)
 7.7 H&H MEDICAL CORPORATION (US)
 7.8 MEDLINE INDUSTRIES INC. (US)
 7.9 NORTH AMERICAN RESCUE LLC (US)
 7.10 PAUL HARTMANN AG (GERMANY)
 7.11 PERSYS MEDICAL (US)
 7.12 SAFEGUARD MEDICAL (UK)
 7.13 STATPACKS (US)
 7.14 STOP THE BLEED (US)
 7.15 TACTICAL MEDICAL SOLUTIONS INC. (US)
 7.16 Z-MEDICA LLC (US)
 7.17 OTHER ACTIVE PLAYERS

Chapter 8: Global Bleeding Control Kit Market By Region
 8.1 Overview
8.2. North America Bleeding Control Kit Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By By Product Type
  8.2.4.1 Medical gloves
  8.2.4.2 Tourniquet
  8.2.4.3 Medical shears
  8.2.4.4 Compressed gauze
  8.2.4.5 Compression bandage
  8.2.4.6 others
  8.2.5 Historic and Forecasted Market Size By By Injury Type
  8.2.5.1 Gunshot wounds
  8.2.5.2 Stab wounds
  8.2.5.3 Deep Cuts
  8.2.5.4 Others
  8.2.6 Historic and Forecasted Market Size By By End User
  8.2.6.1 Hospitals
  8.2.6.2 Clinics
  8.2.6.3 Home care settings
  8.2.6.4 Emergency Medical settings
  8.2.6.5 Others
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
8.3. Eastern Europe Bleeding Control Kit Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By By Product Type
  8.3.4.1 Medical gloves
  8.3.4.2 Tourniquet
  8.3.4.3 Medical shears
  8.3.4.4 Compressed gauze
  8.3.4.5 Compression bandage
  8.3.4.6 others
  8.3.5 Historic and Forecasted Market Size By By Injury Type
  8.3.5.1 Gunshot wounds
  8.3.5.2 Stab wounds
  8.3.5.3 Deep Cuts
  8.3.5.4 Others
  8.3.6 Historic and Forecasted Market Size By By End User
  8.3.6.1 Hospitals
  8.3.6.2 Clinics
  8.3.6.3 Home care settings
  8.3.6.4 Emergency Medical settings
  8.3.6.5 Others
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Russia
  8.3.7.2 Bulgaria
  8.3.7.3 The Czech Republic
  8.3.7.4 Hungary
  8.3.7.5 Poland
  8.3.7.6 Romania
  8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Bleeding Control Kit Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By By Product Type
  8.4.4.1 Medical gloves
  8.4.4.2 Tourniquet
  8.4.4.3 Medical shears
  8.4.4.4 Compressed gauze
  8.4.4.5 Compression bandage
  8.4.4.6 others
  8.4.5 Historic and Forecasted Market Size By By Injury Type
  8.4.5.1 Gunshot wounds
  8.4.5.2 Stab wounds
  8.4.5.3 Deep Cuts
  8.4.5.4 Others
  8.4.6 Historic and Forecasted Market Size By By End User
  8.4.6.1 Hospitals
  8.4.6.2 Clinics
  8.4.6.3 Home care settings
  8.4.6.4 Emergency Medical settings
  8.4.6.5 Others
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 The Netherlands
  8.4.7.5 Italy
  8.4.7.6 Spain
  8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Bleeding Control Kit Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By By Product Type
  8.5.4.1 Medical gloves
  8.5.4.2 Tourniquet
  8.5.4.3 Medical shears
  8.5.4.4 Compressed gauze
  8.5.4.5 Compression bandage
  8.5.4.6 others
  8.5.5 Historic and Forecasted Market Size By By Injury Type
  8.5.5.1 Gunshot wounds
  8.5.5.2 Stab wounds
  8.5.5.3 Deep Cuts
  8.5.5.4 Others
  8.5.6 Historic and Forecasted Market Size By By End User
  8.5.6.1 Hospitals
  8.5.6.2 Clinics
  8.5.6.3 Home care settings
  8.5.6.4 Emergency Medical settings
  8.5.6.5 Others
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
8.6. Middle East & Africa Bleeding Control Kit Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By By Product Type
  8.6.4.1 Medical gloves
  8.6.4.2 Tourniquet
  8.6.4.3 Medical shears
  8.6.4.4 Compressed gauze
  8.6.4.5 Compression bandage
  8.6.4.6 others
  8.6.5 Historic and Forecasted Market Size By By Injury Type
  8.6.5.1 Gunshot wounds
  8.6.5.2 Stab wounds
  8.6.5.3 Deep Cuts
  8.6.5.4 Others
  8.6.6 Historic and Forecasted Market Size By By End User
  8.6.6.1 Hospitals
  8.6.6.2 Clinics
  8.6.6.3 Home care settings
  8.6.6.4 Emergency Medical settings
  8.6.6.5 Others
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkiye
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
8.7. South America Bleeding Control Kit Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By By Product Type
  8.7.4.1 Medical gloves
  8.7.4.2 Tourniquet
  8.7.4.3 Medical shears
  8.7.4.4 Compressed gauze
  8.7.4.5 Compression bandage
  8.7.4.6 others
  8.7.5 Historic and Forecasted Market Size By By Injury Type
  8.7.5.1 Gunshot wounds
  8.7.5.2 Stab wounds
  8.7.5.3 Deep Cuts
  8.7.5.4 Others
  8.7.6 Historic and Forecasted Market Size By By End User
  8.7.6.1 Hospitals
  8.7.6.2 Clinics
  8.7.6.3 Home care settings
  8.7.6.4 Emergency Medical settings
  8.7.6.5 Others
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research

Global Bleeding Control Kit Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD4.40 Billion

Forecast Period 2024-32 CAGR:

3.01 %

Market Size in 2032:

USD 5.75 Billion

Segments Covered:

By Product Type

  • Medical gloves
  • Tourniquet
  • Medical shears
  • Compressed gauze
  • Compression bandage
  • others

By Injury Type

  • Gunshot wounds
  • Stab wounds
  • Deep Cuts
  • Others

By End User

  • Hospitals
  • Clinics
  • Home care settings
  • Emergency Medical settings
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising awareness of trauma care and the importance of quick-response first-aid solutions.

Key Market Restraints:

  • High cost of advanced bleeding control kits may limit accessibility in some regions.

Key Opportunities:

  • Growing demand from military, law enforcement, and first-response sectors for advanced bleeding control solutions.

Companies Covered in the report:

  • Aero Healthcare, Bound Tree Medical, Cintas Corporation, Combat Medical Systems, Medline Industries, Inc and Other Active Players.

Frequently Asked Questions :

What would be the forecast period in the Bleeding Control Kit Market research report?

The forecast period in the Bleeding Control Kit Market research report is 2024-2032.

Who are the key players in the Bleeding Control Kit Market?

Aero Healthcare (Australia), American CPR Training (US), Bound Tree Medical (US), Cintas Corporation (US), Combat Medical Systems (US), H&H Medical Corporation (US), Medline Industries, Inc. (US), North American Rescue, LLC (US), Paul Hartmann AG (Germany), PerSys Medical (US), Safeguard Medical (UK), StatPacks (US), Stop the Bleed (US), Tactical Medical Solutions, Inc. (US), Z-Medica, LLC (US), and Other Active Players.

What are the segments of the Bleeding Control Kit Market?

The Bleeding Control Kit t Market is segmented into Product Type, Injury Type, End User, and region. By Product Type, the market is categorized into medical gloves, Tourniquet, Medical shears, Compressed gauze, Compression bandages, and others. By Application, the market is categorized into Gunshot wounds, Stab wounds, Deep cuts, and others. By End User, the market is categorized into Hospitals, Clinics, Home care settings, Emergency Medical canters, others. By region, it is analyzed across North America (U.S., Canada, Mexico), Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC), Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).

What is the Bleeding Control Kit Market?

The Bleeding Control Kit Market is a range of primary treatment equipment for emergency bleeding in critical conditions. Such kits normally have simple products that are required in important moments, such as medical gloves, gauze, a tourniquet, shears, as well as products for blood coagulating or stopping blood loss with the assistance of other extensive treatment in a health centre. There are two types of bleeding control kits the medical type and the non-medical type, they are mostly located in public access areas, offices, schools and apartment buildings. First of all, they are crucial in first challenging situations, and trauma care particularly where a patient needs to be fast facilitated due to the risks associated with rapture and high mortality rates.

How big is the Bleeding Control Kit Market?

Bleeding Control Kit Market Size Was Valued at USD 4.40 Billion in 2023, and is Projected to Reach USD 5.75 Billion by 2032, Growing at a CAGR of 3.01 % From 2024-2032.