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 : August, 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

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.