by The Surgical Tourniquets Market is estimated to be valued at Usd 481.0 Mn in 2022 and is expected to exhibit a CAGR Of 7.8% over the forecast period 2023-2032, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
A surgical tourniquet is a medical device used to control blood flow to an extremity or body part during surgery to create a bloodless field and allow the surgeon to perform procedures easily. They are predominantly used during orthopedic, vascular, and reconstructive surgeries. Dominant tourniquet types include pneumatic tourniquets and non-pneumatic tourniquets. Pneumatic tourniquets are most commonly used as they apply uniform pressure and allow easy adjustment.
Market Dynamics:
Growing prevalence of orthopedic diseases and injuries is a key driver boosting the uptake of surgical tourniquets. As per the Centers for Disease Control and Prevention (CDC), around 30 million Americans suffer from osteoarthritis, the most common type of arthritis. Similarly, trauma injuries have been on the rise due to increasing road accidents. Moreover, growing geriatric population that is more prone to orthopedic disorders will propel market growth during the forecast period. Further, increasing number of surgical procedures carried out worldwide, rising healthcare expenditure, and technological advancements in tourniquet systems are fueling market expansion. For instance, companies are innovating tourniquet designs to make them more compact, easy to use, and compatible with various limbs. This is increasing tourniquet adoption in ambulatory surgery centers as well. However,
Here is the 300-word analysis of the Surgical Tourniquets market without a conclusion:
Segment Analysis
The surgical tourniquets market is dominated by pneumatic tourniquet systems which accounts for over 60% of market share. Pneumatic tourniquets provide uniform compression and are preferred for joint replacement and trauma surgeries which requires long duration of limb occlusion.
PEST Analysis
Political: Regulations regarding usage of tourniquets during surgeries are encouraging use of automated tourniquet systems for patient safety.
Economic: Growing healthcare expenditure coupled with increase in orthopedic surgeries is driving demand for tourniquets.
Social: Rising number of trauma cases and sports injuries are major factors contributing to surgical tourniquets market growth.
Technological: Introduction of tourniquet cuffs with sensors to monitor limb occlusion is enhancing safety and efficacy.
Key Takeaways
Market size: The global Surgical Tourniquets market is expected to witness high growth, exhibiting CAGR of 7.8% over the forecast period, due to increasing number of joint replacement procedures.
Regional analysis: North America dominates the surgical tourniquets market currently due to favorable reimbursement policies and rapid increase in knee and hip replacement surgeries in the region. Asia Pacific is expected to witness highest growth rate during the forecast period.
Key players: Key players operating in the surgical tourniquets market include Anetic Aid, Zimmer Biomet, Stryker Corporation, Hammarplast Medical AB, Delfi Medical Innovation, Ulrich Medical, Riester, Hangzhou Keyu, Medic Instrument, Bohua Medical, Pyng Medical Corporation and Others. The market is highly consolidated with top players occupying major share.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
