According to a comprehensive market analysis conducted by Future Market Insights (FMI), the Global Surgical Tourniquets Industry has witnessed a significant valuation of US$ 444.5 Million in 2021, with projections indicating a remarkable ascent to US$ 812.2 Million by 2029.
Surgical tourniquets, recognized as essential tools for ensuring a bloodless operative field, play a pivotal role in prioritizing patient safety for surgeons worldwide. Despite their indispensable role, the market growth faces challenges associated with potential risks, notably surgical-site infections and tourniquet-related injuries. These concerns stem from the application of elevated pressures and pressure gradients on patients during surgical procedures.
In response to these challenges, manufacturers within the industry are proactively addressing safety issues by focusing on innovative product developments. The latest trend involves the integration of advanced features, such as automatic pressure control, audiovisual alarms, digital displays, and user-friendly interfaces. These enhancements not only mitigate the risks associated with heightened tourniquet pressures but also elevate the overall safety and usability of these crucial medical devices.
Request a Sample Copy of the Report Now
https://www.futuremarketinsights.com/reports/sample/rep-gb-2254
Sales of Tourniquet Cuffs to Ramp up in 2019
According to the FMI analysts, tourniquet cuffs have been a vital part of the modern computer-assisted tourniquet system, which accounted for ~77% of total market revenue in 2018. While the inflatable disposable cuffs represented more than half of the total tourniquet cuff sales in 2018, the consumption of inflatable reusable cuffs is likely to increase by 7.6% y-o-y in 2019.
“In terms of tourniquet systems, dual channel systems will continue to represent a relatively high share as compared to single channel systems, in the view of enabling bi-lateral procedures or simultaneous surgeries of both upper and lower extremity,” the FMI analyst said.
The consumption of surgical tourniquets for knee arthroplasty accounted for ~31% of sales in 2018, while increasing application in the amputation of limbs and trauma cases is likely to result in increased market share in the future.
Hospitals Capture Significant Share, North America in the Vanguard
In 2018, surgical tourniquets worth ~US$ 176 million were sold in hospitals; according to FMI analysts, a growing number of hospitals, especially in developing countries, and greater awareness of advanced medical devices will continue to drive the consumption of surgical tourniquets in hospitals.
The rapid adoption of a ‘value-based’ model in health care settings has led to a surge in the number of ambulatory surgical centers and specialized clinics, thereby paving a new way of growth for the Global Surgical Tourniquets Industry.
Reach Out to Our Analyst For Your Queries
https://www.futuremarketinsights.com/ask-question/rep-gb-2254
The FMI analyst forecasts that North America will continue to remain at the forefront of the Global Surgical Tourniquets Industry, representing 30% share in 2018. While North America is likely to be neck-and-neck with Europe to lead the market in the future, manufacturers are tapping into new opportunities in developing countries in the Asia Pacific.
The Global Surgical Tourniquets Industry shows a fair level of fragmentation, with two prominent players Zimmer Biomet and Stryker Corporation accounting for more than one-third of the total revenue share. Exploring unmet needs in developing regions and expanding their distribution through collaboration and acquisitions of local and regional manufacturers remain key focal points of the market players.
Global Surgical Tourniquets Industry Key Segment
By Product Type
- Tourniquet Systems
- Single Channel Systems
- Dual Channel Systems
- Tourniquet Cuffs
- Inflatable Cuffs
- Disposable Cuffs
- Reusable Cuffs
- Non-Inflatable Cuffs
- Disposable Cuffs
- Reusable Cuffs
By Application
- Knee Arthroplasty
- Amputation of Limbs
- Plastic Surgeries
- Trauma Cases
By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialized Clinics
Click Here To Buy Your Full Report
https://www.futuremarketinsights.com/checkout/2254
By Region
- North America
- Europe
- Latin America
- South Asia
- East Asia
- Oceania
- Middle East And Africa
- Emerging Countries
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
