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 : December, 2019 | 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 reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

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

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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