Factors such as the increasing incidence of road accidents and falls, rising geriatric population, and the growing number of joint replacement surgeries are driving the growth of the surgical tourniquets market during the forecast period.
The Surgical
Tourniquets Market is projected to grow at a CAGR of 8.0%
during the forecast period to reach USD 509 million by 2024 from USD 347
million in 2019.
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The tourniquets systems segment accounted
for the largest market share in 2019. This is primarily due to the increasing
use of tourniquets system during orthopedic surgeries. In 2018, the US
accounted for the largest share of the surgical tourniquet systems market. This
is mainly due to the increasing number of joint replacement surgeries in the
US. According to the American Joint Replacement Registry (AJRR), 860,080 hip
and knee replacement procedures were performed in the US in 2017. This number
is expected to reach 3.48 million procedures per year by 2030.
The lower-limb surgery segment accounted
for the largest share in 2019. This is primarily due to the increasing number
of hip & knee replacement surgeries. For instance, as per an article
published in Orthopaedic Proceedings Journal (Tourniquet Use for Total Knee
Replacement Surgery, February 2018), surgical tourniquets are routinely used by
93% of the surgeons. They are also used in hip replacement procedures and
abdominal surgeries.
Hospitals and trauma centers are the major
end users of surgical tourniquet products. The hospitals and trauma centers
segment accounted for the largest share of the surgical tourniquets market in
2018.
In 2018, North America dominated the
surgical tourniquets market, followed by Europe. The high number of road
accidents, a rising number of surgical procedures, and the high & growing
number of ambulatory surgery centers are the factors propelling the growth of
the market in the region.
The Asia Pacific region is projected to
register the highest growth rate in the global surgical tourniquets market
during the forecast period.
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Prominent players in the surgical
tourniquets market are Stryker Corporation (US), Zimmer Biomet (US), ulrich
medical (Germany), Hammarplast Medical (Sweden), Delfi Medical Innovations
(Canada), VBM Medizintechnik (Germany), Pyng Medical (Canada), Zhangjiagang
Huaxin Medical Equipment Factory (China), OHK Medical Devices (Israel), Daesung
Maref (Korea), Hangzhou Zhengda Medical Co. (China), Dessillons &
Dutrillaux (France), and AneticAid (UK).
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