Surgical Tourniquets Market
The global surgical tourniquets market is expected to grow at a significant rate during the forecast period of 2021 to 2028. A surgical tourniquet is a medical device used to compress a limb or extremity to restrict blood flow during surgical procedures. The increasing prevalence of chronic diseases such as diabetes, cardiovascular diseases, and obesity, along with the growing number of surgeries worldwide, is driving the demand for surgical tourniquets.
The global surgical tourniquets market was valued at USD 399.2 million in 2020 and is expected to reach USD 542.4 million by 2028, growing at a CAGR of 3.8% during the forecast period. The report also suggests that increasing demand for minimally invasive surgeries, growing geriatric population and advancement in technology are some of the factors driving the growth of the market. Based on product type, the global surgical tourniquets market is segmented into pneumatic tourniquets, non-pneumatic tourniquets, and disposable tourniquets. Among these, the pneumatic tourniquets segment accounted for the largest share of the market in 2020 due to its high efficiency in blood flow restriction during surgical procedures.
On the basis of application, the market is categorized into lower extremity surgery, upper extremity surgery, and others. The lower extremity surgery segment held the largest share of the market in 2020 due to the high prevalence of chronic diseases such as diabetes and obesity, which often require lower extremity surgeries.
Regionally, North America dominated the global surgical tourniquets market in 2020 and is expected to continue its dominance during the forecast period. The high prevalence of chronic diseases and the presence of major market players in the region are some of the factors contributing to its growth. The Asia-Pacific region is expected to witness the highest growth during the forecast period due to the increasing number of surgical procedures, rising geriatric population, and the growing healthcare infrastructure.
Some of the key players operating in the global surgical tourniquets market include Zimmer Biomet, Delfi Medical Innovation, Ulrich Medical, Stryker Corporation, and Hammarplast Medical AB, among others. These companies are adopting various strategies such as mergers and acquisitions, partnerships, and product launches to expand their market presence and increase their revenue.
The global surgical tourniquets market is expected to grow at a significant rate during the forecast period. The increasing prevalence of chronic diseases and the growing number of surgical procedures worldwide are driving market growth. The pneumatic tourniquets segment holds the largest share of the market, and North America dominates the global market. The key players in the market are adopting various strategies to expand their market presence and increase their revenue.
