Tourniquet Market is anticipated to grow at a CAGR of 7.8% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Tourniquet Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global tourniquet market accounted for over US$ 345 million in 2019. It is anticipated to grow at a CAGR of 7.8% from 2020 to 2030.
The increasing number of road accidents worldwide is among the primary factors driving growth of the tourniquet market. According to the 2018 annual report on “Reported road casualties in Great Britain,” in 2016, there were around 24,101 casualties reporting serious injuries from road traffic accidents and the number increased to 25,511 in 2018. Moreover, the increasing cases of patients that require orthopedic surgeries, such as knee replacements, and Anterior Cruciate Ligament (ACL) reconstruction surgeries, will further drive market growth. According to the 2018 annual meeting of the American Association of Orthopaedic Surgeons (AAOS), by 2030, the total knee replacements will increase by 189 percent. Tourniquets are widely used in orthopedic surgeries to minimize intraoperative blood loss, provide a clear operating field, and to obtain drier bone surfaces for better interdigitation of bone cement.
Besides, the extensive utilization of tourniquets in healthcare facilities, the increasing adoption of tourniquets is also observed in military settings. For instance, in May 2019, the Committee on Tactical Combat Casualty Care (CoTCCC) released a new recommended devices & adjuncts document that substantially expanded the list of tourniquets recommended for combat use. The extended list now includes non-pneumatic limb tourniquets such as Combat Application Tourniquet (C-A-T) Gen 7 & Gen 6, Ratcheting Medical Tourniquet -Tactical (RMT-T), SAM Extremity Tourniquet (SAM-XT), and Tactical Mechanical Tourniquet (TMT), among others.
However, tourniquets are often associated with risks of serious and irreversible injuries to nerves, muscles, blood vessels, and soft tissues, which discourages their utilization in healthcare settings. Moreover, the lack of skilled professionals is likely to restraint growth of the tourniquet market.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, Tourniquet Market By Type (Tourniquet Systems, Tourniquet Cuffs, and Tourniquet Accessories), Application (Lower-Limb and Upper-Limb), End User (Hospitals & Trauma Centers, Military, and Ambulatory Surgery Centers) - Global Analysis & Forecast 2020-2030 in detail along with the table of contents:https://www.marketindustryreports.com/tourniquet-market/346
Asia Pacific is expected to grow at the highest CAGR in the global tourniquet market over the forecast period. Rising incidents of orthopedic injuries, growing geriatric populations, improving healthcare facilities and increasing patients undergoing knee replacement surgeries are anticipated to drive market growth in this region.
Some of the prominent players in the global tourniquet market are Zimmer Biomet, ulrich GmbH & Co. KG, Stryker, Delfi Medical, VBM Medizintechnik GmbH, Pyng Medical, Huaxin Medical Equipment Factory, Hammarplast Medical AB, CAT Resources, LLC, and SAM Medical, among others.
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