Global Tourniquet Devices Market

Tourniquet Devices Market Segmentation By Product Type (Tourniquet Systems and Tourniquet Cuffs); By Application (Surgical, Emergency and Rehabilitation); By End User (Hospitals, Clinics, Ambulatory Surgical Centers and Others) – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 1712 | Published On: Apr 07, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.

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Introduction to Tourniquet Devices

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.

Market Size and Forecast

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. 

Tourniquet Devices market Graph

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Growth Drivers

Growing Rate Of Chronic Diseases

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.

Growing Demand for Tourniquet Devices

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.

Tourniquet Devices market Graph
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Risk Of Infections

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.

Damage To Blood Vessels

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.

Market Segmentation

Our in-depth analysis of the tourniquet market includes the following segments:

By Product Type

  • Tourniquet Systems
  • Tourniquet Cuffs

By Application

  • Surgical
  • Emergency
  • Rehabilitation

By End User

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others

By Region

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:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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Top Featured Companies Dominating the Market

    • Delfi Medical
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Hammarplast Medical AB
    • Stryker
    • Ulrich Medical
    • Zimmer Biomet
    • VBM Medizintechnik GmbH
    • RevMedx
    • Pyng Medical
    • Rudolf Riester GmbH
    • AneticAid

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