The global surgical tourniquets market is presently valued at US$ 488 million, and according to a recent industry report by Fact.MR, a supplier of market research and competitive information, it is anticipated to grow at a CAGR of 8.5% from 2022 to 2032.
During operations, a type of medical equipment called a surgical tourniquet is used to permanently reduce blood flow in the blood arteries. Doctors use surgical tourniquets to block blood flow across a limb. Compared to other types of treatments, cosmetic and orthopaedic surgeries use surgical tourniquets more frequently. Using surgical tourniquets allows surgeons to work more swiftly, safely, precisely, and visibly.
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Market Titans
- 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
Demand for surgical tourniquets is increasing as a result of rising demand for a range of surgeries, including falls and orthopaedic procedures. Globally increasing rates of traffic accidents have further fuelled the sales of surgical tourniquets. When haemorrhages cannot be managed by direct pressure or selective vascular clamping, tourniquets are commonly used. Modern surgical tourniquet systems have several benefits, including safety, accuracy, and dependability, which have led to their widespread use in orthopaedic procedures. Additionally, a variety of pneumatic cuffs are now connected with technologically advanced tourniquet devices to improve the performance of the entire system.
Key Highlights
- The global market for surgical tourniquets is projected to reach US$ 1.1 billion by 2032.
- China’s market is predicted to expand at a high CAGR of 13% during the forecast period.
- Sales of tourniquet cuffs are likely to increase at a CAGR of 9% during the next 10 years.
- Germany’s market for surgical tourniquets is predicted to expand at a CAGR of 6% from 2022 to 2032.
Winning Strategy
Top manufacturers of surgical tourniquets are focusing on producing advanced products to earn more revenue. Direct sales to the healthcare sector are the marketing strategies adopted by leading manufacturers.
To improve their market position key players are also emphasizing collaboration and partnerships.
- A privately held firm, HyperBranch Medical Technology, Inc., was acquired by Stryker in October 2018 for a total equity value of around US$ 220 million. With the assistance of its unique polymers and cross-linked hydrogels, HyperBranch is primarily focused on the creation of medical devices.
- On October 15, 2018, Zimmer Biomet and Apple teamed up to launch significant clinical research that details patient experiences and enhances the path of joint replacement.
Major manufacturers of surgical tourniquets often employ direct sales to healthcare practitioners and tender-based sales to public health agencies. To fulfil the increased demand for surgical tourniquets, businesses are increasing their production capacities.
Most of the prominent companies in the surgical tourniquets market are concentrating on developing and creating advantageous technologies and targeted solutions from both internal and external sources to meet the unmet demand in developing regions.
However, the risk of disease transmission while utilizing reusable cuffs is likely to hinder the sales of surgical tourniquets. The blood vessels may be harmed if surgical tourniquets are used improperly. Therefore, a lack of trained staff or skilled specialists will further impede the growth of the market for surgical tourniquets.
Throughout the projection period, North America is expected to maintain its dominance in the global surgical tourniquets industry. This can be ascribed to the proliferation of cutting-edge medical technologies and the increased demand for minimally-invasive surgeries. On the other hand, the Asia Pacific market is anticipated to increase at a significant CAGR during the forecast period. This is due to increased healthcare infrastructure, growing rate of traffic accidents, and rising public knowledge of cosmetic procedures.
Industry Research
- By Product:
- Tourniquet Systems
- Tourniquet Cuffs
- Tourniquet Accessories
- By Application:
- Knee Arthroplasty
- Amputation of Limbs
- Plastic Surgeries
- Trauma Cases
- By End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialized Clinics
- Others
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
The Surgical tourniquet market report will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Surgical tourniquet market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Surgical tourniquet market and offers solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising synergies for top players aiming to retain their leadership position in the Surgical tourniquet market.
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