The global Surgical Tourniquets Market is estimated to be valued at Us$ 481.0 Mn in 2022 and is expected to exhibit a CAGR Of 7.8% over the forecast period 2023-2032, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Surgical tourniquets are medical devices that help control blood flow by mechanically blocking the venous and arterial blood flow in limbs during surgeries. They provide a Bloodless field during various orthopedic, reconstructive and limb-sparing procedures. Their use aids in clear visualization without excessive blood loss and help complete complex procedures in less time with improved safety.
Market key trends:
The growing number of surgeries such as joint replacement, limb amputation and reconstructive procedures is driving the demand for surgical tourniquets. According to the American Academy of Orthopaedic Surgeons, over 1.5 million knee and hip replacements are performed each year in the United States. Rise in sports related injuries, obesity cases and aging population have increased the risk of orthopedic conditions, thus propelling the need for surgical procedures. This in turn is augmenting the surgical tourniquets market growth.
Segment Analysis
The global surgical tourniquets market is segmented by type into pneumatic tourniquets, non-pneumatic tourniquets and others. The non-pneumatic tourniquets segment dominates the market with over 35% share due to advantages such as easy applicability, minimal complications and cost-effectiveness compared to pneumatic tourniquets.
Key Takeaways
The global surgical tourniquets market is expected to witness high growth, exhibiting CAGR of 7.8% over the forecast period, due to increasing number of surgical procedures.
Regional analysis
North America holds the largest share in the surgical tourniquets market, accounting for over 35% share due to developed healthcare infrastructure and presence of key players in the region. Asia Pacific is expected to witness fastest growth over the forecast period owing to rising medical tourism, increased healthcare spending and growing aging population.
Key players
Key players operating in the Surgical Tourniquets Market are Anetic Aid, Zimmer Biomet, Stryker Corporation, Hammarplast Medical AB, Delfi Medical Innovation, Ulrich Medical, Riester, Hangzhou Keyu, Medic Instrument, Bohua Medical, Pyng Medical Corporation and Others. Stryker Corporation dominates the global market due to widespread product portfolio and strong distribution network across major markets.
The Surgical Tourniquets Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the surgical tourniquets market include C.A.T Resources, Delfi Medical Innovation, Hammarplast Medical, Huaxin Medical Equipment Factory, OHK Medical Devices, Pyng Medical (Part of Teleflex), Sam Medical, Stryker Corporation, Ulrich Medical, VBM Medizintechnik and Zimmer Biomet.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Surgical Tourniquets Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/surgical-tourniquets-market/download-sampleMarket DynamicsThe rising geriatric population coupled with the growing prevalence of degenerative bone diseases is driving the market growth.
The rising number of joint replacement surgeries across the globe is further stimulating the demand in the market.
However, less number of trained professionals are expected to hinder the demand.
Factors such as the increasing incidence of road accidents and falls, rising geriatric population, and the growing number of joint replacement surgeries are driving the growth of the surgical tourniquets market during the forecast period.The Surgical Tourniquets Market is projected to grow at a CAGR of 8.0% during the forecast period to reach USD 509 million by 2024 from USD 347 million in 2019.Ask For PDF Brochure:-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59028052Tourniquets systems is expected to be the most widely used type of the surgical tourniquets marketThe tourniquets systems segment accounted for the largest market share in 2019.
In 2018, the US accounted for the largest share of the surgical tourniquet systems market.
This is mainly due to the increasing number of joint replacement surgeries in the US.
According to the American Joint Replacement Registry (AJRR), 860,080 hip and knee replacement procedures were performed in the US in 2017.
This number is expected to reach 3.48 million procedures per year by 2030.Lower-limb surgery segment is expected to account for the largest share of the surgical tourniquets market applicationThe lower-limb surgery segment accounted for the largest share in 2019.
For instance, as per an article published in Orthopaedic Proceedings Journal (Tourniquet Use for Total Knee Replacement Surgery, February 2018), surgical tourniquets are routinely used by 93% of the surgeons.
Global Surgical Tourniquets Market was valued at US$ 312.8 Mn in 2019 and is expected to reach US$ 654.3 Mn by 2027, at a CAGR of 9.66% during a forecast period.The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters.
Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments.
The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.High demand for tourniquets in military applications, rise in R activities, technological advancements like sterile disposable tourniquets, increase in initiatives from governments, and growth in incidences of intestinal-related disorders drive the market.
However, lack of product differentiation and adverse effects after using tourniquets for instance hyperemia, hyperthermia, and pain restrain the growth of the market.
Additionally, the development of latex-free tourniquets and rise in a number of programs and initiatives by the government provide profitable growth for the market during the forecast period.The global tourniquet market has massive growth opportunities in both developed and developing regions.
The market in the developed economies is witnessing an increased adoption of a tourniquet for high quality, safety, and efficacy owing to improved access and availability in healthcare institutions.Hospitals and trauma centers segment accounted for the largest market share of the surgical tourniquets market in 2017.
Global Surgical Tourniquets Market: OverviewAs world population is set to age at a steady pace, so is the global surgical tourniquets market set to see growth.
In United States alone, more than 600,000 knee replacements are performed each year.Get an Idea about the Offerings of Our Surgical Tourniquets Market Report from this BrochureIt is therefore predicted that the global surgical tourniquets market will see an upward trajectory in the forecast period of 2019 to 2027.
Stryker’s acquisitions of 2019 that include companies like Arrinex, Inc., a medical device company and OrthoSpace, Ltd. deals in advanced technology for the treatment rotator cuff tears.
Continual efforts towards product updation and strategic collaborations like those made my Stryker are key to maintaining edge over competitors.Request COVID Analysis on Surgical Tourniquets Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=73126 Global Surgical Tourniquets Market: Key Trends and DriversWorldwide, due to age, road accidents and sports injuries, surgeries are increasing at a massive scale and this is leading to growth of global surgical tourniquets market.
In UK, 70000 knee replacements take place annually.
Besides, with 200 million women worldwide suffering from osteoporosis, the charts would only go higher.With more people are adopting an active lifestyle, opting for sport and fitness, there are more people with related injuries.
Global Surgical Tourniquets Market was valued at US$ 312.8 Mn in 2017 and is expected to reach US$ 654.3 Mn by 2026, at a CAGR of 9.66% during a forecast period.High demand for tourniquets in military applications, rise in R activities, technological advancements like sterile disposable tourniquets, increase in initiatives from governments, and growth in incidences of intestinal-related disorders drive the market.
However, lack of product differentiation and adverse effects after using tourniquets for instance hyperemia, hyperthermia, and pain restrain the growth of the market.
Additionally, the development of latex-free tourniquets and rise in a number of programs and initiatives by the government provide profitable growth for the market during the forecast period.The global tourniquet market has massive growth opportunities in both developed and developing regions.
The market in the developed economies is witnessing an increased adoption of a tourniquet for high quality, safety, and efficacy owing to improved access and availability in healthcare institutions.Hospitals and trauma centers segment accounted for the largest market share of the surgical tourniquets market in 2017.
The growing need for joint replacement surgeries and rapid growth in the geriatric population across the world are some of the key factors driving the growth of the hospitals and trauma centers segment.North America is expected to be the fastest growing market for surgical tourniquets during the forecast period.
Europe is the second leading region and held further than 29% of the market share in 2017.
