Market Overview:
The Surgical Tourniquets Market size is expected to grow from USD 636.39 Million in 2022 to USD 807.73 Million by 2030, at a CAGR of 8 % during the forecast period.
Medical instruments used for prolonged vascular occlusion include surgical tourniquets. During surgery, a surgical tourniquet is a tool used to cut off the blood supply to an extremity. To stop bleeding during surgery, medical tourniquets are employed. The most common uses for medical tourniquets are in orthopedic and reconstructive plastic surgery. Surgical tourniquets help surgeons because they improve their accuracy, visibility, safety, and productivity. A surgical tourniquet is made up of five major components: an inflatable cup, a source of compressed gas, a pressure regulator, a pressure display, and connector tubing.
Top Key Players in Surgical Tourniquets Market:
Stryker Corporation (US), Zimmer Biomet (US), Hammarplast Medical (Sweden), ulrich medical (Germany), VBM Medizintechnik (Germany), AneticAid (UK), Delli Medical Innovations (Canada), Pyng Medical (Canada), OHK Medical Devices (Israel), Zhangjiagang Huaxin Medical Equipment Factory (China), Hangzhou Zhengda Medical Co. (China), Dessillons & Dutrillaux (France), Daesung Maref (Korea), and Major Players.
Market Dynamics and Factors for Surgical Tourniquets Market:
Drivers:
Growing Demand for Orthopedic and Cosmetic Surgery
The growing demand for orthopedic and cosmetic surgery procedures has been a significant driver of the surgical tourniquets market. Surgical tourniquets are vital in these procedures to control blood flow and create a bloodless surgical field, improving surgical precision and safety. The rise in the aging population, sports injuries, and the desire for aesthetic enhancement have led to an increased need for such surgeries, consequently boosting the demand for surgical tourniquets. Additionally, advancements in tourniquet technology, such as portable and user-friendly devices, have further propelled their adoption in various surgical settings.
Opportunities:
Funding to Provide Excellent Trauma Care
Funding to provide excellent trauma care presents a significant opportunity for the surgical tourniquets market. Trauma care often involves emergency surgeries where the use of tourniquets is crucial to control bleeding and save lives. Adequate funding in the healthcare sector allows hospitals and medical facilities to invest in advanced surgical equipment, including high-quality tourniquets, which can enhance patient outcomes and improve overall trauma care. With better resources and access to innovative tourniquet technologies, healthcare providers can optimize their trauma care capabilities, leading to a higher demand for surgical tourniquets and driving growth in the market.
Segmentation Analysis of the Surgical Tourniquets Market:
- By Type, The tourniquets systems segment is expected to dominate the surgical tourniquets market. The tourniquet systems utilize an automated electric mechanism to regulate the limb occlusion pressure, effectively creating a bloodless surgical field for orthopedic procedures. The market for these systems is experiencing growth due to the increasing demand for joint replacement surgeries and a significant rise in road accidents and falls. These factors are contributing to the expanding adoption of tourniquet systems in the medical field.
- By End User, Hospitals and trauma centers segment account for the largest share of the surgical tourniquets market. Hospitals and trauma centers dominated the market, primarily due to the growing demand for joint replacement surgeries. The market's expansion is further fueled by the rising elderly population worldwide and a significant increase in the number of road accidents. These factors play a crucial role in driving the growth of this particular segment.
Regional Analysis of the Surgical Tourniquets Market:
North America consistently held the largest market share in the tourniquet industry due to the region's established healthcare infrastructure, sizable target market, and rising adoption of cutting-edge technology systems. The largest market for surgical tourniquets is in North America. This is because North America has the highest density of automobiles in the world and developed infrastructure, such as four-lane highways, that allows the population to travel more quickly, leading to a significant increase in the frequency of catastrophic injuries from traffic accidents.
Key Industry Development:
- In July 2021, Zimmer Biomet has recently revealed a significant collaboration with OSSIS, a company based in New Zealand. Under this partnership, Zimmer Biomet will serve as the exclusive distributor for patient-specific 3D-printed titanium hip replacement joints in the Asia Pacific region. OSSIS has gained expertise in performing complex hip replacements, particularly those involving second-time procedures, bone tumors, and trauma cases.
