Surgical Tourniquets Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Surgical Tourniquets Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : November, 2020 | Medical Devices | PPT format

Report Digest


Global Surgical Tourniquets Market: Overview 

The demand within the global surgical tourniquets market is growing on account of advancements in invasive diagnostics and treatment. The healthcare industry has been swift to embrace new and improved surgical technologies and devices. Furthermore, the use of surgical tourniquets has helped medical practitioners in averting possible casualties. The relevance of these devices in emergency situations has led to their growing popularity. Furthermore, surgical infrastructure of hospitals and healthcare units has improved in recent times. This factor has also created fresh opportunities that the vendors can capitalise upon. 

A recent case of medical negligence at a healthcare center near Melbourne sparked debates across the local fraternity. A 17-year old Australian cricketer underwent a thumb injury wherein the doctors left the tourniquet behind, cutting the flow of blood to the repaired area. The incident became a matter of concern across the regional medical industry. Furthermore, the need for cautious usage and handling of surgical tourniquets also became evident post the incident. 

A syndicate report on the global surgical tourniquets market sheds value on some of the leading drivers of market demand. The global surgical tourniquets market can be segmented on the basis of the following parameters: end-use, surgery type, and region. Based on region, the demand for surgical tourniquets across North America has consistently increased. 

Global Surgical Tourniquets Market: Notable Developments 

The global surgical tourniquets market has witnessed key developments across the competitive landscape. 

  • A heartfelt gesture by Southcoast Health has impacted the sales of surgical tourniquets across the region. The organization donated holstered tourniquets to police officials in Bedfordshire, in memory of the late police officer who was killed by a gunshot. The tourniquets shall help in controlling excessive bleeding in the event of gun violence. The importance of surgical tourniquets within healthcare cannot be undermined, and this is a key consideration for the market vendors. 
  • The vendors in the global surgical tourniquets market are expected to enter into collaborations with healthcare providers. This strategy could help these vendors in maintaining a regular inflow of revenues in the years to follow. 

Some of the leading players in the global surgical tourniquets market are: 

  • Shanghai Huifeng Medical Instrument Co. Ltd.
  • Tactical Medical Solutions LLC
  • Stryker Corp.
  • Teleflex Inc.

Global Surgical Tourniquets Market: Growth Drivers 

  • Research Related to Surgical Procedures 

A research based on the Knee Society Radiographic Evaluation System points to the relevance of tourniquets in surgical implants. The relationship between surgical tourniquets and sterile carbon dioxide was established in the research. Several similar research ideas have led to the increased popularity of surgical tourniquets. Furthermore, the willingness of the medical fraternity to delve into the details of surgical procedures has aided market growth. The growing incidence of injuries, especially due to accidents and sports mishaps, has created manifold opportunities for market growth.

  • Growing Demand for Better Surgical Aids 

A large number of surgical failures can be attributed to the unavailability of proper surgical tools and equipment. Medical experts predict that the success rate of surgeries can significantly improve as better surgical tools become available to doctors. This factor is slated to drive demand within the global surgical tourniquets market. 

  • Need for Accuracy, Speed, and Safety within Healthcare 

The growth of the global surgical tourniquets market largely hinges on to the utility served by these devices. The accuracy and speed with which surgical tourniquets can help in controlling blood flow is a key consideration for medical experts. Hence, the surgical tourniquets market is set to attract increased demand from the medical fraternity. 

The global surgical tourniquets market is segmented by: 

End-User 

  • Hospitals
  • Healthcare Centers/ Emergency Facilities

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?