Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 505.9 million | USD 1,009.5 million | 8.10% | 2023 |
The Surgical Tourniquets Market is set for rapid growth over the forecast period. In terms of revenue, the global surgical tourniquets market accounted for USD 505.9 Million in 2023 and is expected to reach USD 1,009.5 Million by 2032, growing at a CAGR of around 8.2%.
Surgical tourniquets are used by physicians to work on some part of the body in a proficient way preventing the flow of blood to that specific part. Surgical tourniquets are used during accidents for preventing death caused as a result of blood loss. The product has massively enhanced and ensured surgical procedure safety. A Canadian biomedical engineer named James McEwen launched the mechanized tourniquet technique for surgery in 1985, thereby bringing a paradigm shift in the surgical tourniquets industry.
The massive rise in the number of road collisions and falls has resulted in escalating product demand. Apart from this, inflating geriatric populace along with the rise in the number of joint replacement surgical operations are the major growth drivers of the surgical tourniquets market. Additionally, a massive focus on healthcare and social security even in the developed regions can succor the growth of the surgical tourniquets market. The equipment has found massive applications in the defense sector. Swift technological breakthroughs in tourniquets cuff are predicted to drive the expansion of the surgical tourniquets market. Nevertheless, the lack of trained personnel can restrict the surge of the market in the coming years. Furthermore, disease transmission through reusable cuffs can impact market earnings.
Report Attributes | Report Details |
---|---|
Report Name | Surgical Tourniquets Market |
Market Size in 2023 | USD 505.9 Million |
Market Forecast in 2032 | USD 1,009.5 Million |
Growth Rate | CAGR of 8.10% |
Number of Pages | 201 |
Key Companies Covered | Hammarplast Medical AB, Shanghai Huifeng, Beijing Xintian, Beijing Jinxinxing, Riester, VBM, Zimmer Biomet, Stryker Corporation, Delfi Medical Innovation Inc., Anetic Aid, Ulrich Medical, Changzhou Yanling, Hangzhou Keyu, Medic Instrument, and Bohua Medical. |
Segments Covered | By Type, By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The surgical tourniquets market can be sectored into type, application, and end user. On the basis of type, the industry is segmented into tourniquets systems, tourniquets accessories, and tourniquet cuffs.
Application-wise, the surgical tourniquets market is classified into leg and arm applications. In terms of end users, the surgical tourniquets industry is segregated into hospitals, the military, trauma units, and ambulatory surgery centers.
Region-wise, the surgical tourniquets market can be divided into five main regions: Europe, Latin America, North America, Asia Pacific, and the Middle East and Africa. North America is projected to dominate the overall surgical tourniquets market growth over the estimated timeframe. The regional growth can be attributed to the immense rise in the number of road collisions and improvement witnessed in emergency medical treatment across the countries such as the U.S. and Canada.
The rise in the number of fatal accidents and causalities in Europe coupled with the large-scale establishments of ambulatory surgery units will steer the growth of the surgical tourniquets industry in the European continent. In addition to this, thriving research activities in the medical, biotechnology, and healthcare sectors in countries such as Germany and the UK will proliferate industry growth.
The rise in the aging population susceptible to amputation of limbs, heart ailments, and arteriosclerotic vascular disorders will prompt the expansion of the surgical tourniquets industry in the Asia Pacific region. APAC consists of densely populated countries such as India and China with a huge patient population pool and rises in new hospital establishments & pathological labs. This aspect will further push the regional market trends.
Latin America and the Middle East and African markets have huge growth potential and are expected to contribute lucratively towards the overall market size.
A few of the main participants in the surgical tourniquets market are
Market Segments By Type
Market Segments By Application
Market Segments By End-User
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