Pneumatic Tourniquet Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
The pneumatic tourniquet market is anticipated to observe extensive growth opportunities during the forecast period of 2020-2030. The growing prevalence of orthopedic surgeries and accidental injuries coupled with an increase in the geriatric population will bring considerable growth opportunities for the pneumatic tourniquet market.
Pneumatic tourniquets are used for restricting blood flow in a particular area. They use compressed gas for performing their function. The properties of pneumatic tourniquet such as enhanced precision and superior safety invite considerable growth for the global market.
The geriatric population is vulnerable to orthopedic disorders. The growing geriatric population around the world may serve as a prominent growth-boosting factor for the pneumatic tourniquet market. Furthermore, the expanding cases of diabetes and obesity will ensure considerable growth. In addition, the rising cases of sports injuries among a considerable chunk of the global populace will bring immense growth prospects.
The use of pneumatic tourniquets in intravenous regional anesthesia, orthopedics, and others will bring tremendous growth opportunities for the global market. On the basis of type, the pneumatic tourniquet market can be segmented into double-bladder and single-bladder. The growing number of government initiatives to increase the awareness about orthopedic healthcare will present a plethora of growth opportunities for the pneumatic tourniquet market.
Pneumatic Tourniquet Market: Competitive Insights
Key players in the pneumatic tourniquet market are responsible for a considerable share of growth. The players indulge in research and development activities. These activities lead to numerous formulations and strategies that are important for boosting the growth prospects of the pneumatic tourniquet market. The players are currently focusing on developing pneumatic tourniquet systems based on microcomputers. These systems have features such as automated pressure control and other security characteristics. Thus, these aspects churn considerable growth.
Strategic collaborations are crucial for the growth of the pneumatic tourniquet market. The players indulge in mergers, acquisitions, joint ventures, and partnerships for increasing their influence across the pneumatic tourniquet market, eventually increasing the growth rate. Production expansion also plays a vital role in the growth of the pneumatic tourniquet market.
Some well-entrenched players in the pneumatic tourniquet market are Anetic Aid, Zimmer Biomet, VBM, Ulrich Medical, and DSMAREF Co. Ltd.
Pneumatic Tourniquet Market: Key Trends
Rising Prevalence of Road Accidents to Increase Demand for Pneumatic Tourniquet Systems
Cases related to accidents and mishaps are increasing at a rapid rate over the years. The World Health Organization (WHO) estimates that nearly 1.3 Bn people die due to road traffic accidents. Delay in providing care to the individuals can lead to fatality. In most accident cases, preventing blood loss is one of the crucial aspects. Pneumatic tourniquet helps prevent blood loss. Hence, based on these aspects, the demand is expected to rise.
Expanding Popularity of Single Pneumatic Tourniquet Systems to Bring Considerable Growth
The single bladder segment is expected to bring substantial growth for the pneumatic tourniquet market. The growing popularity of these devices as they offer compression and standardized pressure control will prove to be a vital growth booster for the pneumatic tourniquet market. In addition, single pneumatic tourniquet systems decrease pain and reduce post-surgery complications. Thus, these aspects bode well for the growth of the pneumatic tourniquet market.
Pneumatic Tourniquet Market: Regional Dimensions
North America’s pneumatic tourniquet market is expected to observe a dominating position during the forecast period. The growing cases of accidents and mishaps in the region and the increasing technological developments will prove to be growth boosters.
The pneumatic tourniquet market in Asia Pacific is estimated to grow at a rapid pace during the forecast period. The growing influence of clinical trials in the region will prove to be a vital growth-generating factor.
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