Global Medical Tourniquets Market Overview
The medical tourniquets market size was valued at USD 0.36 Billion in 2023. The Global Medical Tourniquets industry is projected to grow from USD 0.38 Billion in 2024 to USD 0.63 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.39% during the forecast period (2024 - 2032). The rising aging population, increasing road accidents, and the growing number of joint replacement surgeries is set to drive the demand for medical tourniquets during the forecast period.
Medical tourniquets are commonly used in medical procedures and high-risk or emergencies to control excess bleeding. It regulates blood flow by compressing blood vessels and helps medical professionals to carry out procedures without further blood loss. Surgical tourniquet, tactical tourniquet, pediatric tourniquet, military tourniquet, emergency medical tourniquet, and emergency medical tourniquet are the various types of tourniquets used to control arterial blood flow.
Strategic mergers & acquisitions are also projected to boost market growth with companies looking to strengthen their market positions, expand their product portfolios, and improves their brand images.
For instance, in April 2017, Teleflex announced the acquisition of Pyng Medical for approximately USD 8.6 million. Pyng Medical operates as a subsidiary of Teleflex Canada and acquisition helped Teleflex strengthen its position in the medical tourniquets market.
Market Influencer
Accidents significantly impact the growth of the medical tourniquets market in industrial settings and on the roads as they are extensively used in such emergencies to control bleeding of the person affected.
Market Drivers
- Increased application of medical tourniquets in the healthcare industry as medical tourniquets find widespread application in various surgical procedures.
- The growth of the market is driven by a high number of surgeries and healthcare facilities. Moreover, technological advancements, increasing number of ambulatory services, and favorable government initiatives are projected to have a synergistic effect on market growth.
- The rise in the number of road accidents is also responsible for the growth of medical tourniquets industry. According to MRFR analysis, every year approximately 2.35 million citizens in the US face injury or disability caused by road accidents, and it cost of treatment is nearly 230.6 billion per year which is USD 820 per person.
- The decreasing costs and increasing safety of surgical procedures and growth of medical tourism are expected to drive market growth exponentially during the forecast period.
- An increasing number of complex operating procedures which can cause excessive blood loss.
Market Restraints
- The scarcity of trained professionals who are capable of handling emergencies and performing surgical procedures is likely to hamper the growth of the medical tourniquets market during the forecast period.
Segmentation
Medical Tourniquets Market, By Type
- Tourniquet Systems: Also known as personalized tourniquet systems and used as a unit to provide extra care during the surgical procedure. This segment is likely to dominate the market with largest market share.
- Tourniquet Cuffs: This sub-segment includes pneumatic and non-pneumatic cuffs. Tourniquet cuffs are inflated with air to create pressure which could prevent blood loss.
- Tourniquet Accessories: This segment is expected to hold the least markets share in the medical tourniquets market.
Medical Tourniquets Market, By Application
- Lower-Limb Tourniquets: These are used for medical procedures conducted on lower body and likely to hold maximum market share.
- Upper-Limb Tourniquets: It has been used for upper body surgical treatments and anticipated to register the highest CAGR during the forecast period.
Medical Tourniquets Market, By End-User
- Hospitals and Trauma Centers: hospitals and trauma centers are expected to be the largest segment because hospitals and clinics are usually the primary points for diagnosis, treatment, and rehabilitation of individuals.
- Ambulatory Surgery Centers: A small segment, these centers provide immediate pain relief and rudimentary surgical care in emergencies.
- Specialty Clinics: Consisting of long-term care for chronic patients and the elderly, this is a fast-growing market segment, especially in developed nations.
- Others: Others segment includes small- and mid-scale healthcare centers, government organizations, and emergency centers.
Medical Tourniquets Market, By Region
- Americas: The Americas is the largest regional market. An increasing number of surgeries and increasing cases of gun violence in the region is also likely to drive the growth of the market during the assessment period. The US alone has over 7,200 active hospitals and a well-established healthcare sector where these surgeries are performed using medical tourniquets, thereby driving the market growth in the region.
- Europe: Europe has some of the best healthcare services in the world. The need for surgical tourniquets is high in this region due to the increasing number of healthcare centers in the region and rising adoption of new technologies in the healthcare industry.
- Asia-Pacific: The fastest-growing regional market for medical tourniquets, Asia-Pacific has the world’s largest population and a fast-developing healthcare sector. Additionally, East Asia has a growing geriatric population which is directly associated with a rising number of surgeries, and it is likely to drive the growth of the market.
- Middle East & Africa: Despite the developing healthcare infrastructure, medical tourniquets are used at each level of healthcare such as small, mid and top-level healthcare centers in various medical procedures, which is responsible for the rising demand for medical tourniquets in the region.
Medical Tourniquets Market Key Players
- Zimmer Biomet (US)
- Stryker Corporation (US)
- Delfi Medical Innovation (Canada)
- Hammarplast Medical AB (Sweden)
- VBM Medizintechnik (Germany)
- Ulrich Medical (Germany)
- Pyng Medical (Part of Teleflex) (Canada)
- OHK Medical Devices (US)
- Huaxin Medical Equipment Factory (China)
- Sam Medical (US)
- A.T Resources (US)
- Rudolf Riester GmbH (Germany)
- Anetic Aid (UK)
- Dessillons & Dutrillaux (France)
- Hangzhou Zhengda Medical Co. (China)
Report Attribute/Metric
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Details
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Market Size 2032
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USD 0.63 Billion
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CAGR
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6.39% (2024-2032)
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Base Year
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2023
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Forecast Period
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2024-2032
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Historical Data
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2020
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Forecast Units
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Value (USD Billion)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Segments Covered
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Type, Application, End-User
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Geographies Covered
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North America, Europe, Asia-Pacific, and Rest of the World (RoW)
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Key Vendors
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Zimmer Biomet, Stryker Corporation, Delfi Medical Innovation, OHK Medical Devices, Huaxin Medical Equipment Factory, Sam Medical, Hammarplast Medical AB, VBM Medizintechnik, Ulrich Medical, Pyng Medical (Part of Teleflex), C.A.T Resources, Rudolf Riester GmbH, Anetic Aid, Dessillons & Dutrillaux, and Hangzhou Zhengda Medical Co.
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Key Market Opportunities
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· The scarcity of trained professionals who are capable of handling emergencies
· Performing surgical procedures
· High number of surgeries and healthcare facilities.
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Key Market Drivers
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· Increased application of medical tourniquets in the healthcare industry
· Technological advancements
· Increasing number of ambulatory services
· Favorable government initiatives
· The rise in the number of road accidents
· The decreasing costs and increasing safety of surgical procedures
· Growth of medical tourism
· An increasing number of complex operating procedures
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Medical Tourniquets Market Highlights:
Frequently Asked Questions (FAQ) :
medical tourniquets market is expected to be valued at USD 0.63 Billion by 2032.
The global market is expected to exhibit a strong 6.39% CAGR over the forecast period till 2032.
Increasing demand for joint replacement surgeries is likely to be the major driver for the medical tourniquets market.
The Americas are the largest regional market for medical tourniquets.
Leading players in the market include Zimmer Biomet, Sam Medical, and Anetic Aid, among others.
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