Surgical Tourniquets Market Size by End User, Type, Application, Region, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2029
Overview
Surgical Tourniquets Market was valued at US$ 412.4 Mn in 2022 and is expected to reach US$ 786.5 Mn by 2029, 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.
To know about the Research Methodology :- Request Free Sample Report
Global Surgical Tourniquets Market Dynamics:
High demand for tourniquets in military applications, rise in R&D 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 hyperaemia, 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 to 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.
Global Surgical Tourniquets Market Segment Analysis:
Hospitals and trauma centres segment accounted for the largest market share of the market in 2019. Hospitals and trauma centers are the major end-users of surgical tourniquet products. 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 centres segment.
Regional Insights:
North America is expected to be the fastest growing market for surgical tourniquets during the forecast period. In North America, the USA and Canada are the leading countries because of the highest number of surgical cases in 2019. This region dominates the global presence of tourniquet and has the most diversified tourniquet available in the market. It has the highest percentage of the elderly population with numerous individuals with chronic diseases, for example, CVD, diabetes, obesity, high blood pressure, and other urology related factors.
This has attracted most of the retailers to sustain and grow over the period and maintain their product presence in the market. Europe is the second leading region and held further than 29% of the market share in 2019. The market in Europe was mostly driven by progress in medical devices technologies.
A recent development in the market for surgical tourniquets: In July 2016, Zimmer Biomet Holdings, Inc. (U.K) arrived into a multi-year collaboration with the Indo U.K Institutes of Health. The leading stage of the collaboration comprises the establishment of the Zimmer Biomet Institute of India, a 30,000 square-foot state-of-the-art medical training and education ability on the campus of King's College Hospital in, Andhra Pradesh.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global market.
Key Highlights:
Global market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Surgical Tourniquets Market
Global Surgical Tourniquets Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
The Surgical Tourniquets Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global Surgical Tourniquets Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Surgical Tourniquets Market are also profiled.
Global Surgical Tourniquets Market Scope: Inquire before buying
| Global Surgical Tourniquets Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 412.4 Mn. |
| Forecast Period 2023 to 2029 CAGR: | 9.66% | Market Size in 2029: | US $ 786.5 Mn. |
| Segments Covered: | by End User | Hospitals and Trauma Centers Ambulatory Surgery Centers Military Other |
|
| by Type | 1.Tourniquet Systems 2.Tourniquet Cuffs 2.1.Pneumatic Tourniquet Cuffs 2.1.1.Single-Use Pneumatic Tourniquet Cuffs 2.1.2.Reusable Pneumatic Tourniquet Cuffs 3.Non-Pneumatic Tourniquet Cuffs 4.Tourniquet Accessories |
||
| by Application | Lower-Limb Surgery Upper-Limb Surgery |
||
Global Surgical Tourniquets Market, By Region
Global Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key players
1. Beijing Xintian
2. Hammarplast Medical AB
3. UZuMCu
4. Bohua Medical
5. Hangzhou Keyu
6. Zimmer Biomet
7. Anetic Aid
8. RiesterVBM
9. Beijing Jinxinxing
10.Shanghai Huifeng
11.Stryker Corporation
12.Delfi Medical Innovation
13.Medic Instrument
14.Ulrich Medical
15.FDS Pvt.Ltd
16.OHK Medical Devices
17.Zhangjiagang Huaxin Medical Equipment Factory
18.Pyng Medical
19.VBM Medizintechnik
20.Changzhou Yanling
Frequently Asked Questions:
1] What segments are covered in the Global Surgical Tourniqutes Market report?
Ans. The segments covered in the Market report are based on Application, Type, End-user, and Drugs.
2] Which region is expected to hold the highest share in the Global Market?
Ans. The North American region is expected to hold the highest share in Market.
3] What is the market size of the Global Market by 2029?
Ans. The market size of the Global Market by 2029 is expected to reach US$ 786.5 Mn.
4] What is the forecast period for the Global Market?
Ans. The forecast period for the Independent Software Vendors (ISVs) Market is 2023-2029.
5] What was the market size of the Global Market in 2022?
Ans. The market size of the Global Market in 2022 was valued at US$ 412.4 Mn.