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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Tourniquets systems is expected to be the most widely used type of
the surgical tourniquets market
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.
Lower-limb surgery segment is expected to account for the largest
share of the surgical tourniquets market application
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 segment dominated the surgical tourniquets
market, by end user, in 2019
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. The growing need for joint replacement
surgeries and rapid growth in the geriatric population across the globe are
some of the key factors driving the growth of the hospitals and trauma centers
segment.
North America to dominate the surgical tourniquets market during
the forecast period
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. Presence of a
large patient population,a growing number of hospitals, and rising geriatric
population are some of the key factors driving the growth of the surgical
tourniquets market in the Asia Pacific.
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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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