Tourniquet devices are used in order to restrict the blood flow from blood vessels for a certain period of time. These devices are compressing devices used to control the blood flow by applying pressure in that area resulting in partial constriction of veins and arteries.
These devices are used in cases of emergency, surgery or post-operative rehabilitation. For surgical purposes, they are used to control the blood flow during the surgical procedure. They help in minimizing the loss of blood in emergency situations. Another use of tourniquet devices is for rehabilitation in order to restrict the blood flow and blood pressure during exercise.
The main advantage of using a tourniquet device is the prevention of blood loss during an injury, since that is the major cause of death in cases of accidents. According to W.H.O., 1.4 million people were killed due to road injuries in 2016, out of which, about 75% were men and boys. The usage of tourniquet devices is estimated to increase on account of this rise in number of accidents around the globe.
The high demand for tourniquets on account of growth in the healthcare industry and growing incidences of various disorders is the major growth driver for this market. The increasing research and development activities in the medical sector along with technological advancements are supporting the growth of the tourniquet devices market. Additionally, the growing number of hospitals, clinics and ambulatory surgical centers are also estimated to boost the sales of tourniquet devices.
The tourniquet devices market is anticipated to record a CAGR of around 8% and is projected to reach a significant market size over the forecast period i.e. 2019-2027. The market is segmented by end user into hospitals, clinics, ambulatory surgical centers and others, out of which, the hospitals segment is anticipated to hold the largest share in the tourniquet devices market on account of growing need for surgeries and rising geriatric population across the world. These factors are estimated to increase the demand for tourniquet devices in the market. CLICK TO DOWNLOAD SAMPLE REPORT
The rising demand for tourniquet devices on the back of increasing prevalence of chronic health disorders, increasing number of injuries and rising geriatric population are anticipated to influence the growth of the market. Data collected by The World Bank estimates that 8.6% of all the deaths that took place in 2016 were due to injuries. The growing rate of injuries around the globe is estimated to be a major growth driver for the market.
As a result of increased R&D activities, development of technologically advanced tourniquet devices have increased their demand in the market. Moreover, the high quality, efficiency and safety of these devices as compared to other equipment is estimated to drive the growth of the market significantly.
Repeated usage of the same tourniquet cuffs might result in an increased risk of contamination due to possible transmission of infections. To prevent this, hospitals need to use a new cuff every time which raises the costs incurred by hospital. These factors are anticipated to negatively impact the growth of the market over the forecast period.
Improper usage of tourniquets might cause severe damage to the body due to restriction of blood flow to the limbs. Such damages are anticipated to restrain the growth of the market. However, proper safety measures and usage of approved devices might contribute towards stabilizing such challenges.
Our in-depth analysis of the tourniquet market includes the following segments:
On the basis of regional analysis, the tourniquet devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market in North America is estimated to hold leading market share in global tourniquet devices market on account of growing target population base, developing healthcare facilities and a high number of surgical operations. USA and Canada are the leading countries in the region for this market. Additionally, the increasing geriatric population with chronic health disorders such as cardiovascular disease, diabetes, obesity, high blood pressure and related diseases is contributing to the growth of the market in the region.
The region anticipated to hold the second largest market share is Europe. This can be attributed to the growing technological advances in the healthcare sector in the region. The market in Asia Pacific region is also estimated to show a high rate of growth during the forecast period on the back of increasing research and development activities in the medical industry.
The tourniquet market is further classified on the basis of region as follows:
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