Global Tourniquet Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
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Global Tourniquet Systems Market: Overview
"The Tourniquet Systems Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Tourniquet, also defined as a constricting or compressing device, is used to control arterial and venous blood flow during surgeries. This device is mainly used in those surgeries where external hemorrhage cannot be controlled by direct pressure during emergency conditions.
The increasing prevalence of musculoskeletal disorders, accidents, and injuries, coupled with the rising need for surgeries are major factors expected to drive the growth of the global market over the forecast period. One of the key advantages of tourniquet systems such as greater flexibility and reliability has led to higher demand for cuffs in hospitals in the recent past and can boost the growth of the target market.
The growing geriatric population, increasing awareness about surgeries in patients, and growth in foreign investments in developing regions are other major factors expected to support the revenue growth of the target market. Some major factors that could restrain market growth include the possible transmission of infection while reusing cuffs.
Global Tourniquet Systems Market: Segment Analysis
Among the component type segments, the tourniquet cuffs segment is expected to dominate in the target market, owing to their growing applications in surgeries for trauma, orthopedics, and other emergency conditions. The tourniquet cuffs can be used in a number of orthopedic surgeries due to the availability of tourniquet cuffs in various sizes.
The tourniquet cuffs segment has been further sub-segmented, out of the two sub-segments, the pneumatic segment is projected to register the highest share due to its features offered such as pneumatic cuffs provide a standardized pressure that can be easily controlled and compressed regardless of the position while surgery and these are major factors expected to drive revenue growth of this segment in the target market.
Among the end-use application segments, the hospital segment is expected to account comparatively higher revenue share as compared to other segments. An increasing number of orthopedic injuries and accidents is resulting in an increasing adoption rate of tourniquet systems in hospitals in order to control external hemorrhage. In addition, the non-institutions segment is expected to drive revenue growth of this segment in the target market, owing to the increasing application of tourniquets cuffs in military settings and war sites.
Global Tourniquet Systems Market: Region Analysis
Currently, the North American market is estimated to account for a major revenue share in the global market and is projected to maintain its dominance over the forecast period. Key factors such as well-established healthcare infrastructure, the high adoption rate of technologically advanced systems, and the large target population are expected to drive revenue growth of this segment in the target market.
The Asia Pacific market is projected to register the highest CAGR in the target market, due to the growing population and increasing number of road accidents and injuries due to various reasons that have resulted in increasing need for surgeries using tourniquet systems for blood flow management. Key factors such as the rising number of laboratory settings and hospitals in the Asia Pacific is a major factor expected to drive revenue growth of the market in the region.
Global Tourniquet Systems Market Segmentation:
Segmentation Based on Component
- Tourniquet instrument
- Tourniquet cuffs
Segmentation by End-Use Application
- Ambulatory Surgery Center
Segmentation by Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Delfi Medical
- Zimmer Biomet
- Hammarplast Medical AB
- VBM Medizintechnik GmbH
- ulrich medical
- Rudolf Riester GmbH
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