The future of the global surgical tourniquet market looks promising with opportunities in the hospital and trauma center, ambulatory surgery center, and military markets. The global surgical tourniquet market is expected to reach an estimated $776.2 million by 2030 with a CAGR of 7.4% from 2024 to 2030. The major drivers for this market are increasing demand for a range of surgical procedures, including orthopedic and cosmetic procedures, growing public and private investment in developing economies' infrastructure for healthcare, along with the increasing efforts in research and development to innovate the products.
Some of the Key Questions answered in this exclusive report are:
Q.1. What are some of the most promising, high-growth opportunities for the surgical tourniquet market by type (tourniquet systems, tourniquet cuffs, and tourniquet accessories), applications (lower-limb surgery and upper-limb surgery), end use (hospitals & trauma centers, ambulatory surgery centers, military, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
Market Segmentation:
In this market, tourniquet systems, tourniquet cuffs, and tourniquet accessories are the major segments of surgical tourniquet market by application type. Lucintel forecasts that tourniquets cuffs is expected to witness highest growth over the forecast period due to growing demand for joint replacement procedures and improvements in their applicability owing to their multiple advantages such as availability of various sizes promoting utilization in orthopedic, trauma, and emergencies.
Within this market, hospitals and trauma centers will remain the largest segment due to growing frequency of road accidents combined with a global trend of the senior population growing.
APAC is expected to witness highest growth over the forecast period due to increasing costs for healthcare infrastructure, an increase in traffic accidents, and growing public knowledge of cosmetic surgery.
Zimmer Biomet, Stryker, Delfi Medical Innovations, Hammarplast Medical, VBM Medizintechnik, Ulrich Medical, Pyng Medical, OHK Medical Devices, Huaxin Medical Equipment Factory, and Sam Medical are the major suppliers in the surgical tourniquet market.