$500+ Million Surgical Tourniquets (Systems, Cuffs, Accessories) Market 2017-2019 - Global Forecast to 2024 - ResearchAndMarkets.com

DUBLIN--()--The "Surgical Tourniquets Market by Type (Tourniquets Systems, Tourniquet Cuffs, Tourniquets Accessories), Applications, End User (Hospitals and Trauma Centers, Ambulatory Surgery Centers, Military) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The Surgical Tourniquets Market is Projected to Reach USD 509 Million by 2024 from USD 347 Million in 2019, at a CAGR of 8.0%.

The growth of the surgical tourniquets market is mainly driven by the increasing incidence of road accidents and falls. Additionally, the increasing number of joint replacement surgeries, the rising geriatric population, and the subsequent growth in the prevalence of degenerative bone disease are the factors responsible for the growth of this market. However, complications associated with the use of surgical tourniquets and the risk of infection transmission associated with the use of reusable tourniquets are major market challenges.

By type, the pneumatic tourniquet cuffs segment is expected to account for the largest share of the tourniquets cuffs market

Based on type, the tourniquet cuffs market is segmented into pneumatic tourniquet cuffs and non-pneumatic tourniquet cuffs. The pneumatic tourniquet cuffs segment is expected to account the largest market share of the tourniquet cuffs market in 2019. This is mainly due to the increasing use of pneumatic tourniquet cuffs during orthopedic surgeries. Furthermore, the growth of this market is largely driven by the rising number of joint knee & hip replacement surgeries.

By application, the lower-limb surgery segment to dominate the surgical tourniquets market during the forecast period

The lower-limb surgery segment accounted for the largest share of the market in 2019. This is mainly due to the increasing number of hip & knee replacement surgeries. For instance, according to the American Academy of Orthopedic Surgeons (AAOS), the primary total hip replacement surgeries are projected to grow to 635,000 surgeries by 2030. Additionally, the growing geriatric population across the globe is also a major factor contributing to the growth of this market with an increasing number of people opting to undergo replacement surgeries.

APAC is expected to witness the highest growth during the forecast period.

North America is expected to account for the largest share of the global surgical tourniquets market in 2019, followed by Europe. However, the APAC region is expected to witness the highest CAGR during the forecast period. This can primarily be attributed to the presence of a large patient population, a growing number of hospitals, rising geriatric population, and increasing healthcare spending in this region. The favorable reimbursement scenario in Japan and the rising geriatric population in China are the factors that contribute to the growth of the market in this region. Furthermore, improving healthcare infrastructure, growing middle-class population, and rising disposable income levels in India are also some of the key factors driving the growth of the APAC region.

The prominent players in the surgical tourniquets market are

  • C.A.T Resources
  • Delfi Medical Innovation
  • Hammarplast Medical
  • Huaxin Medical Equipment Factory
  • OHK Medical Devices
  • Pyng Medical (Part of Teleflex)
  • Sam Medical
  • Stryker Corporation
  • Ulrich Medical
  • VBM Medizintechnik
  • Zimmer Biomet

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Surgical Tourniquets: Market Overview

4.2 North America: Surgical Tourniquets Market, By Type, 2018

4.3 Europe: Surgical Tourniquets Market, By Type, 2018

4.4 Surgical Tourniquets Market: Geographic Snapshot

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 High Incidence of Road Accidents and Falls

5.2.1.2 Rising Number of Joint Replacement Surgeries

5.2.1.3 Rising Geriatric Population and the Subsequent Growth in the Prevalence of Degenerative Bone Diseases

5.2.2 Restraints

5.2.2.1 Dearth of Trained Professionals

5.2.3 Opportunities

5.2.3.1 Emerging Markets

5.2.4 Challenges

5.2.4.1 Complications Associated With the Use of Surgical Tourniquets

5.2.4.2 Risk of Infection Transmission Associated With the Use of Reusable Tourniquets

6 Surgical Tourniquets Market, By Type

6.1 Introduction

6.2 Tourniquet Systems

6.2.1 Tourniquet Systems to Account for the Largest Share of the Surgical Tourniquets Market

6.3 Tourniquet Cuffs

6.3.1 Pneumatic Tourniquet Cuffs

6.3.1.1 Single-Use Pneumatic Tourniquet Cuffs

6.3.1.1.1 Preference for Single-Use Pneumatic Tourniquet Cuffs is Increasing Among End Users

6.3.1.2 Reusable Pneumatic Tourniquet Cuffs

6.3.1.2.1 Risk of Infection Transmission to Restrain the Growth of This Market Segment

6.3.2 Non-Pneumatic Tourniquet Cuffs

6.3.2.1 Issues Related to Safety and Effectiveness Limiting the Use of Non-Pneumatic Tourniquet Cuffs

6.4 Tourniquet Accessories

7 Surgical Tourniquets Market, By Application

7.1 Introduction

7.2 Lower-Limb Surgery

7.2.1 Lower-Limb Surgery Segment Dominates the Market, By Application

7.3 Upper-Limb Surgery

7.3.1 US Accounted for the Largest Share of the Surgical Tourniquets Market for Upper-Limb Surgery

8 Surgical Tourniquets Market, By End User

8.1 Introduction

8.2 Hospitals and Trauma Centers

8.2.1 Hospital and Trauma Centers to Dominate the End-User Market

8.3 Ambulatory Surgery Centers

8.3.1 Increasing Number of Centers in the US to Drive the Adoption of Surgical Tourniquets

8.4 Military

8.4.1 US Accounted for the Largest Share of the Surgical Tourniquets Market for Military

8.5 Other End Users

9 Surgical Tourniquets Market, By Region

9.1 Introduction

9.2 North America

9.2.1 US

9.2.1.1 Increasing Number of Orthopedic ProceduresA Major Factor Driving Market Growth in the US

9.2.2 Canada

9.2.2.1 Increasing Number of Joint Replacement Procedures and Growing Geriatric Population to Drive the Market in Canada

9.3 Europe

9.3.1 Germany

9.3.1.1 Increasing Number of Hip and Knee Replacement Procedures to Drive Market Growth in Germany

9.3.2 UK

9.3.2.1 Increasing Number of Joint Replacement Surgeries to Drive Market Growth in the UK

9.3.3 France

9.3.3.1 Rising Geriatric Population to Support Market Growth in France

9.3.4 Rest of Europe

9.4 Asia Pacific

9.4.1 China

9.4.1.1 Strong Presence of Global and Local Players to Support Market Growth in China

9.4.2 Japan

9.4.2.1 Rising Number of Joint Replacement Surgeries to Support Market Growth in Japan

9.4.3 India

9.4.3.1 Large Patient Population and the Rising Number of Road Accidents to Support Market Growth in India

9.4.4 Rest of Asia Pacific

9.5 Rest of the World

10 Competitive Landscape

10.1 Overview

10.2 Market Share Analysis

10.3 Market Share Analysis

10.3.1 Zimmer Biomet

10.3.2 Stryker Corporation

10.4 Competitive Leadership Mapping (Overall Market) (2018)

10.4.1 Visionary Leaders

10.4.2 Innovators

10.4.3 Dynamic Differentiators

10.4.4 Emerging Companies

11 Company Profiles

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Related Topics: Medical Devices

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Medical Devices