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Global Surgical Tourniquets Market Size, Trends, and Analysis - Forecasts To 2026 By Type (Tourniquet Systems, Tourniquet Accessories, Tourniquet Cuffs), By Application (Lower-Limb Surgery, Upper-Limb Surgery), By End-User (Hospitals and Trauma Centers, Military, Ambulatory Surgery Centers, Other End-Users), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Surgical tourniquets are being used by doctors to operate efficiently on a particular part of the body by blocking blood flow to that region. Surgical tourniquets are used to prevent death from blood loss in the event of an accident. The product has significantly improved and assured the safety of surgical procedures.According to the Accident and Emergencystatistics, approximately 24.8 million sports-injuries were reported in 2019, up 2% from the previous year, and this figure is expected to grow over the forthcoming years, propelling the global surgical tourniquets market.
The surgical tourniquets market is expected to expand due to the increasing awareness among NGOs and government organizations, as well as an increase in the rate of adoption of trauma care devices. Several global programs are increasing concerns and urging people to choose preventive blood loss solutions.An increase in product demand has resulted from the huge increase in the number of road crashes and falls. Aside from that, the surgical tourniquet's growth is highly driven by an increasingly aging population as well as an increase in the number of joint replacement surgical operations.Moreover, as disposable income rises in many parts of the world, more consumers are likely for surgery rather than avoiding it if even a remote possibility exists. Furthermore, knee replacement surgeries are on the rise, indicating a bright future for the market in question. Almost every year, more than 6,00,000 knee replacements are done in the United States alone.
Surgical tourniquets are being used more often by surgeons in orthopedic operations, which is driving up demand in developed economies. The growth of tourniquet systems and pneumatic tourniquet cuffs is expected to support the surgical tourniquets market in the forthcoming years.Pneumatic computer-assisted surgical tourniquets also enhanced the device's flexibility and ease of use in complicated situations, building on the strengths of the original surgical tourniquets. This transition has aided the development of the global surgical tourniquets market.
The tourniquet systems use an automated electric system to monitor the limb occlusion pressure and establish a bloodless field throughout orthopedic surgery. Furthermore, the increasing number of joint replacement surgeries, as well as the rising prevalence of road traffic accidents and falls, are driving this market's growth.
Due to their growing uses in orthopedics, emergency environments, andtrauma, tourniquet cuffs dominated the overall market in 2018. Tourniquet cuffs are available in a variety of sizes, allowing them to be used in several orthopedic surgeries.This segment is expected to rise rapidly during the forecast period, as pneumatic cuffs have a uniform pressure that can be easily adjusted and pressure is independent of the position and power of the medical professional's hand.
The market is divided into two application segments: lower-limb surgery and upper-limb surgery. Lower-limb surgery accounted for the majority of the industry in 2019.This is primarily due to an increase in hip and knee replacement surgeries. As per the American Academy of Orthopedic Surgeons, the number of main total hip replacement operations will increase to 635,000 by 2030. Lower-limb surgery is complicated, and each patient has unique needs and objectives. Surgery of the foot, knee, and ankle is a specialized field. During the recovery, patients must follow orders, perform necessary exercises, and adjust their activities.
It is expected that the hospitals and trauma centers segment will account for the largest market share position in 2020. This is due to an increase in R&D activities, as well as an increase in the demand for joint replacement surgeries, which are two main factors driving the market's growth.It is attributed to the growing market awareness, the global market for tourniquets has shifted significantly. Tourniquet devices are widely used as an important method in the treatment of life-threatening external hemorrhage caused by lower limb injury.A spike in the number of incidents, a rise in the prevalence of orthopedic injuries, and a rapid increase in foreign investment in developing countries are all factors to consider.It's most likely due to a rise in the number of emergency procedures in which surgical tourniquets are used to avoid bleeding in injury victims.
The North American area remains a major market shareholder in the projected timeframe in terms of revenue.The availability of well-established healthcare infrastructure, a large target population, and a high acceptance rate of technologically advanced systems are all contributing factors driving the market growth in the North American region.The military's use of surgical tourniquets in the region is also assisting vendors in producing substantial revenue. The United States is one of the region's most successful markets for surgical tourniquets.
Furthermore, in the Asia-Pacific region, a significant CAGR rate over the expected timeframe will be demonstrated.In APAC, a high population base is a significant driving force. Other key factors driving the growth of this regional segment include an increase in the number of hospitals and an increase in the geriatric population. Also, to consider the growing involvement of national and international players to aid market development in China, as well as the increasing number of joint replacement surgeries throughout the rest of Asia - Pacific region.The Asia Pacific region will also impact by the growing number of laboratories and hospitals that employ the tourniquet process.
Zimmer Biomet, Delfi Medical Innovation, VBM Medizintechnik, Pyng Medical (Part of Teleflex), Huaxin Medical Equipment Factory, C.A.T Resources, Stryker Corporation, Hammarplast Medical, Ulrich Medical, OHK Medical Devices, and Sam Medical among others are the prime competitors that compete in the market.
Please note: This is not an exhaustive list of companies profiled in the report.
In November 2018, Stryker Corporation successfully acquired K2M Group. The company is recognized as the pioneer in minimally invasive solutions like tourniquets.
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The Global Surgical Tourniquets Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Surgical Tourniquets Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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