The global tourniquet market accounted for over US$ 345 million in 2019. It is anticipated to grow at a CAGR of 7.8% from 2020 to 2030.
The increasing number of road accidents worldwide is among the primary factors driving growth of the tourniquet market. According to the 2018 annual report on “Reported road casualties in Great Britain,” in 2016, there were around 24,101 casualties reporting serious injuries from road traffic accidents and the number increased to 25,511 in 2018. Moreover, the increasing cases of patients that require orthopedic surgeries, such as knee replacements, and Anterior Cruciate Ligament (ACL) reconstruction surgeries, will further drive market growth. According to the 2018 annual meeting of the American Association of Orthopaedic Surgeons (AAOS), by 2030, the total knee replacements will increase by 189 percent. Tourniquets are widely used in orthopedic surgeries to minimize intraoperative blood loss, provide a clear operating field, and to obtain drier bone surfaces for better interdigitation of bone cement.
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Some of the Prominent Players are:
Players in the global tourniquet market are Zimmer Biomet, ulrich GmbH & Co. KG, Stryker, Delfi Medical, VBM Medizintechnik GmbH, Pyng Medical, Huaxin Medical Equipment Factory, Hammarplast Medical AB, CAT Resources, LLC, and SAM Medical, among others.
Besides, the extensive utilization of tourniquets in healthcare facilities, the increasing adoption of tourniquets is also observed in military settings. For instance, in May 2019, the Committee on Tactical Combat Casualty Care (CoTCCC) released a new recommended devices & adjuncts document that substantially expanded the list of tourniquets recommended for combat use. The extended list now includes non-pneumatic limb tourniquets such as Combat Application Tourniquet (C-A-T) Gen 7 & Gen 6, Ratcheting Medical Tourniquet -Tactical (RMT-T), SAM Extremity Tourniquet (SAM-XT), and Tactical Mechanical Tourniquet (TMT), among others.
The global tourniquet market can be segmented as:
By Type :
- Tourniquet Systems
- Tourniquet Cuffs
- Tourniquet Accessories
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Asia Pacific is expected to grow at the highest CAGR in the global tourniquet market over the forecast period. Rising incidents of orthopedic injuries, growing geriatric populations, improving healthcare facilities and increasing patients undergoing knee replacement surgeries are anticipated to drive market growth in this region.
The Research Provides Answers To The Following Key Questions:
1.To categorize and examine the worldwide Tourniquet Market status and future figure comprising, manufacture, utilization, income, record and assumption.
2.To introduce the key Tourniquet Market makers to the readers, manufacture, piece of the pie, income, SWOT analysis and improvement models in the years to come.
3.To divide categorization information by region, product type, manufacturers and applications, and end users.
4.To categorize the worldwide and major areas marketing potential and favored position, opportunities and challenges, limitations and threats.
5.To differentiate remarkable patterns, drivers, impacting factors, on the global scale and districts.
6.To purposely investigate each sub-segment regarding standalone development pattern and their contribution to the industry.
7.To categorize major advancements, for instance, understandings, developments, dispatching of new items, and mergers and acquisitions in the industry.
Table of Content
1 Introduction of Tourniquet Market
1.1 Industry Overview
1.2 Scope of the Report
2 Executive Summary
3 Research Framework by Market Growth Insight
3.1 Data Mining
3.2 Data Validation
3.3 Primary Interviews
3.4 Data Sources List
4 Tourniquet Market Overview
4.2 Market Dynamics
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Tourniquet Market, By Product Type
6 Tourniquet Market, By Application
7 Tourniquet Market, By End User
8 Tourniquet Market, By Geography
8.1 North America
8.3 Asia –Pacific
8.4 Latin America
8.5 Middle East and Africa
In the end, Tourniquet Market industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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