About Medical Tourniquets
Medical Tourniquets are devices that are used for stopping blood flow during surgery and also applicable in high-risk and emergency condition. Medical Tourniquets market is expected to mark significant growth over forecasted period owing to increasing consumers spending on physician-owned orthopedic devices and technological advanced solution such as tourniquet systems and cuffs. There has been significant rise in number of using medical tourniquets with figure stood up to 70% in United States alone in 2018, the future for Tourniquets looks promising. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the healthcare sector.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
In medical tourniquets market, it has been observed that most of the companies are upgrading or introducing different pneumatic tourniquets that provides more specification that filled with nitrogen or air and is electronic to maintain the desired pressure. Analyst at AMA Research estimates that United Kingdom Players will contribute the maximum growth to Global Medical Tourniquets market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zimmer Biomet (United Kingdom), Anetic Aid (United Kingdom), Stryker Corporation (United States), Delfi Medical Innovation Inc (Canada), Hammarplast Medical AB (Sweden), Riester (Germany), VBM (Germany), Ulrich Medical (Germany) and Beijing Jinxinxing (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Beijing Xintian (China), DS MAREF (Republic of Korea) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Medical Tourniquets market by Type (Latex Tourniquet and TPE Tournique), Application (Hospital, Clinic and Home Use) and Region.
On the basis of geography, the market of Medical Tourniquets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Sales Channel, the sub-segment i.e. Medical Stores will boost the Medical Tourniquets market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid innovation in the field of Medical Tourniquets Market. and Substitutes Available for Tourniquets products
Market Growth Drivers:
High Incidence of Road Accidents and Falls Boost the Medical Tourniquets Market. and Rising Number of Joint Replacement Surgeries Fuelled Up the Medical Tourniquets Market.
Challenges:
Limitation Due to Elderly Population Affected with Chronic Diseases Such as Diabetes, CVD and High Blood Pressure are Anticipated to Challenge the Market. and Fluctuation of Raw Materials is Anticipated to Challenge the Market.
Restraints:
Risk of Infection through Medical Tourniquets Hampers the Market. and Faulty System can Deteriorate the Medical Tourniquets Market.
Opportunities:
Proliferation of Technological Advancements Leads to Grow the Medical Tourniquets Market. and Increase Incidence of Chronic Diseases and Introduction of Pneumatics Tourniquets Boost the Market.
Market Leaders and their expansionary development strategies
In September 2017, H&H Medical Corporation, a leading provider of emergency trauma products, has acquired the right to produce the SWAT-T elastic tourniquet from TEMS Solutions, LLC. The addition of this product will expand H&H Medical’s line of “Stop The Bleed” products available to military and civilian customers worldwide.
In March 2021, Tactical Medical Solutions, LLC (TacMed) release the newest evolution of its flagship product: the SOF Tourniquet. Purposeful upgrades mean smoother and faster one-handed and two-handed applications for the most effective bleeding control.
“According to U.S. Department of Defense's Committee on Tactical Combat Casualty Care (CoTCCC), it’s recommended that, SAM XT Extremity Tourniquet is an excellent solution in both military and civilian applications for controlling serious limb bleeding.”
Key Target Audience
Medical Tourniquets Manufacturers, Medical Tourniquets Traders, End-Use Market Participants of Different Segments of Medical Tourniquets, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.