The report on tourniquet market analyzes the current and future scenario of the global market. Rapidly rising incidence of accidents, growing health care expenditure and demand for technological advanced devices are the major drivers for the tourniquet market. Rapid increase in the number of hospitals and research laboratories is another reason for the development of the tourniquet market.
The research is a robust combination of primary and secondary research. Primary research forms the bulk of our research efforts with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations and various international and national databases. The report provides market size in terms of US$ Mn for each segment for the period from 2014 to 2024, considering the macro and micro environmental factors. Growth rates for each segment within the global tourniquet market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.
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The tourniquet market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market which is divided by product, application, end-user and geography. A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, and Porter’s Five Forces analysis providing a thorough analysis of the overall competitive scenario in the global tourniquet market.
Market revenue in terms of US$ Mn for the period between 2014 and 2024 along with the compound annual growth rate (CAGR %) from 2016 to 2024 are provided for all the segments, considering 2015 as the base year. Based on product, the tourniquet market has been segmented into tourniquet systems and tourniquet cuffs which is further segmented into disposable and reusable cuffs. Based on application, the tourniquet market has been segmented into arm and leg cuffs. Likewise, on the basis of end user, the tourniquet market has been segmented into hospitals, physician/clinics, and non-institutional. The market segments have been analyzed based on available approved products, cost-effectiveness, and preference for technologically advanced products by physicians and patients. The market size and forecast for each of these segments have been provided for the period from 2013 to 2023, along with their respective CAGRs for the forecast period from 2015 to 2023, considering 2014 as the base year.
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Geographically, the tourniquet market has been categorized into four major regions and various key countries in those respective regions: North America (the U.S., Canada), Europe (the U.K., Germany, and Rest of Europe), Asia Pacific (Japan, China, and Rest of Asia Pacific), and Rest of the World (Latin America and rest of the World). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2013 to 2023, along with their respective CAGRs for the forecast period from 2015 to 2023, considering 2014 as the base year. Rapid increase of hospitalization and growing demand for tourniquet devices would positively impact the growth of tourniquet market globally.
The report also profiles major players in the global tourniquet market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report include Zimmer Biomet Holdings, Inc., Delfi Medical Innovation, Inc., Hammarplast Medical AB, Pyng Medical Corporation, Stryker Corporation, ulrich Medical, and VBM Medizintechnik GmbH.
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