New report added on surgical tourniquets market and its growth driven by increasing incidence of road accidents and falls. Study by applications, types, demand, forecast, analysis and top company players.
Surgical tourniquets market is projected to reach USD 509 million by 2024 from USD 347 million in 2019, at a CAGR of 8.0%. Emerging markets such as China, India, and Japan are the key areas of opportunity for players in this market. However, complications associated with the use of surgical tourniquets & risk of infection transmission associated with the use of reusable tourniquets are major market challenges.
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The surgical tourniquets market is segmented into tourniquet systems, tourniquet cuffs, and tourniquet accessories. The tourniquets systems segment dominated the surgical tourniquets market in 2019. The tourniquet systems help control the limb occlusion pressure through an automated electric system to create a bloodless field during orthopedic surgery.
The growth of the surgical tourniquets market is mainly driven by the increasing incidence of road accidents and falls. Additionally, the increasing number of joint replacement surgeries, the rising geriatric population, and the subsequent growth in the prevalence of degenerative bone disease are the factors responsible for the growth of this market.
The tourniquet cuffs market is segmented into pneumatic tourniquet cuffs and non-pneumatic tourniquet cuffs. The pneumatic tourniquet cuffs segment is expected to account the largest market share of the tourniquet cuffs market in 2019. This is mainly due to the increasing use of pneumatic tourniquet cuffs during orthopedic surgeries. Furthermore, the growth of this market is largely driven by the rising number of joint knee & hip replacement surgeries.
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North America is expected to account for the largest share of the global surgical tourniquets market in 2019, followed by Europe. However, APAC region is expected to witness the highest CAGR during the forecast period. This can primarily be attributed to the presence of a large patient population, a growing number of hospitals, rising geriatric population, and increasing healthcare spending in this region.
A breakdown of the primary participants referred to for this report is provided below:
- By Company Type: Tier 1–55%, Tier 2–25%, and Tier 3–20%
- By Designation: C-level–43%, Director-level–32%, and Others–25%
- By Region: North America–38%, Europe–29%, Asia Pacific–23%,Rest of World–10%
The prominent players in surgical tourniquets market are Stryker Corporation (US), Zimmer Biomet (US), ulrich medical (Germany), Delfi Medical Innovations (Canada), Daesung Maref (Korea),VBM Medizintechnik (Germany), Hammarplast Medical (Sweden), Hangzhou Zhengda Medical Co. (China), Pyng Medical (Canada),Anetic Aid (UK), OHK Medical Devices (Israel), and Dessillons & Dutrillaux (France).
Download Complete Report Now on “Surgical Tourniquets Market by Type (Tourniquets Systems, Tourniquet Cuffs, Tourniquets Accessories), Applications, End User (Hospitals and Trauma Centers, Ambulatory Surgery Centers, Military) – Global Forecast to 2024” Report at https://www.reportsnreports.com/purchase.aspx?name=2255191 .
The report analyzes the surgical tourniquets market and aims at estimating the market size and future growth potential of the surgical tourniquets market and the different segments such as tourniquet systems, tourniquet cuffs, tourniquet accessories, and application. Firms purchasing the report could use one, or a combination of the below mentioned five strategies for strengthening their market presence.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a greater share. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product& service offerings, and recent developments.
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