What is Tourniquet?
The tourniquets are the constructing devices that can applicable for control bleeding in extreme conditions and prevent from exsanguination. Its exhibits its usability in upper arm or thigh during open injuries of the limbs, reamed intramedullary nailing, peripheral vascular disease and others. Nowadays the tourniquets are rapidly increasing due to advanced technology equipped and ease to use for excellent blood supply. The tourniquets market is rapidly increasing in global regions due to increase the incidence of bone thermal necrosis and predispose to an ‘embolic hit’ with pulmonary in developed countries.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | North America |
Unit | Value (USD Million) |
CAGR | 8.3% |
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Tourniquet market throughout the predicted 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 States), Stryker (United States), Delfi Medical Innovation (Canada), Ulrich GmbH (Germany), Hammarplast Medical (Sweden), Fisher Scientific (United States), Alimed (United States), 3M (United States) and Paul Hartmann (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Medline (United States), Tetra Medical Supply Corp (United States), KeHua (China), Yancheng Senolo Medical (China) and BD (United States).
Segmentation Overview
AMA Research has segmented the market of Global Tourniquet market by Type (Latex Tourniquet, TPE Tourniquet and Others), Application (General Medical, Emergency, Non-institutional and Others) and Region.
On the basis of geography, the market of Tourniquet 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). Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Cuffs, the sub-segment i.e. Reusable Tourniquet Cuffs will boost the Tourniquet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Military Emergency Tourniquet (MET), will boost the Tourniquet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pressure, the sub-segment i.e. Pneumatic Tourniquets will boost the Tourniquet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In September 18, 2017, H&H Medical Corporation acquired right to SWAT-T elastic tourniquet from TEMS solutions, LLC. It is beneficial in providing variety of options to treat the injuries and also used on children, adults and pets to control bleeding.
According to the World Health Organization Report - 2018, about 28-35% of people aged of 65 and over fall each year increasing to 32-42% for those over 70 years of age resulting in higher demand for the tourniquet systems fueling the market in the region propelling the global surgical tourniquet systems market revenue throughout the forecast period.
“In the United States, pneumatic tourniquets are regulated as medical devices by the Food and Drug Administration (FDA) because they meet the “diagnose, cure, mitigate, treat or prevent disease” and “affect the structure or function of the body” clauses in the definition of a medical device1 in section 201(h) of the Federal Food Drug & Cosmetic (FD&C) Act.”
Market Drivers
- Increase Demand of Tourniquet in Orthopedic Devices.
- Expanding Rates of Industrial Mishaps And Road Accidents Leads to Maximum Used of Tourniquet Devices.
- Rise in Demand for Open Limb Injuries.
Opportunities
- Advanced Technology Tourniquets Provide Better Result in Harsh Environmental Conditions.
Restraints
- Utilization of Reusable Tourniquets Devices Hampers the Growth of Market.
- Lack Of Awareness on Utilization of Tourniquet and Cuffs Expected to Upset The Market.
Challenges
- Overuse of Tourniquets Devices Leads to Infections that Can’t Be Sterilized.
Key Target Audience
Tourniquets Manufacturers, Tourniquets Traders, End-Use Market Participants of Different Segments of Tourniquets, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.