The Global Tourniquet Market is Expected to Grow at a CAGR of 7.9% During the Forecast Period 2018 – 2024
BANGALORE, India – November 20, 2018: Infoholic Research LLP, a global market research and consulting company, has published a study titled “Global Tourniquet Market – Drivers, Restraints, Opportunities, Trends, and Forecast: 2018–2024” (November 2018).
According to Infoholic Research, the market is expected to grow at a steady rate during the forecast period. The market is witnessing a lucrative growth in both developed and developing countries expecting an increase volume of sales during the forecast period. Advances in technology has led to huge attraction from healthcare facilities such as hospitals, diagnostic centers, and PHCs. The growing number of surgical procedures from general surgery, laparoscopy, and orthopedic has increased the demand of tourniquets in the market. Tourniquets have add-on advantage over every surgical procedure as they help in maintaining and applying pressure at target surgical site. They help in reduction in risk and prevent bleeding during any complex surgery.
Tourniquets are used by emergency medical services and it has helped to save the lives of severely injured patients and the highest adoption is primarily seen in civilian settings. Tourniquets have major application in orthopedic surgery, life support services, traumatic injuries, accidents, injuries related to stabbing/accidents, and other extremities injuries. Many medical services have trained staff that are able to use the tourniquet appropriately during the emergency. The prevention or to stop the bleeding is very much necessary at any emergency and individual who fail to apply or has no experience diminish the value of tourniquet.
The development and advancement in technology has enabled higher safety and efficacy in preventing arterial bleeding. Pneumatic tourniquet is clinically beneficial and highly recommended at all healthcare facilities. Numerous studies have been performed to determine the maximum usage (duration) of a tourniquet before complications. However, complications and risk associated with tourniquet, lack of trained staff, and incorrectly applied tourniquet will hinder the market growth.
The sales of tourniquet have increased due to awareness, advancement in technologies (design, material, variety of cuffs), and workshops conducted to show the usage of tourniquet at different healthcare organizations. The healthcare facilities are currently targeting in providing maximum focus towards basic/primary level treatment and offering high quality and safety systems for all surgical procedures. Further, the hospitals, diagnostic centers, and other healthcare facilities are targeting to improve their operational efficiency and focus on creating a smooth environment for both patient and physicians.
The global tourniquet market is analyzed on four segments, namely product types, application types, end-users, and regions. The market by product type is segmented into tourniquet systems and tourniquet cuffs. The X-tourniquet cuff segment has the major market share due to increased number of hospitalizations for wide range of chronic diseases and emergency cases such as accidents, injuries, trauma etc. The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). In North America, the US and Canada are the leading countries. Europe is the second leading region with a market share of more than 29% in 2017. The market in Europe was largely driven due to advances in medical devices technologies. The rising awareness about advanced orthopedic surgeries, advances in technology, increased focus on minimally invasive surgical procedures to address the need for complex orthopedic surgery, and availability of new products have paved the way for vendors to expand their activities and geographical presence, especially in the emerging markets of Europe.
The APAC region is expected to grow faster due to increase in sales of new tourniquet equipment’s in the coming years. This is due to the high demand for rapidly developing healthcare infrastructure, rise in demand for minimally invasive surgeries, swiftly growing medical tourism industry, and investments in mid-tier hospitals from the government owing to rapid increase in the number of hospitals and diagnostic laboratories, especially in countries such as India and China.
“Tourniquet have extensive applications in surgeries, battlefields, military, emergency, trauma settings, and including natural calamities. The usefulness of tourniquets is aimed to manage the extremity hemorrhages in civilian settings. However, these devices should only be used as a last resort after other measures have failed the stoppage of bleeding or in complete traumatic amputation. A tourniquet should be correctly used and one should have proper training. An inappropriately used tourniquet will be harmful and can cause increased bleeding.
Therefore, a dedicated or improvised tourniquet must be used with proper training and experience to accomplish overall effectiveness during any medical situation. This will be an effective way of controlling serious bleeding that may otherwise not be controlled by simple measures. – “ Mohammed Azhar, Senior Research Analyst (Research – Healthcare) at Infoholic Research.
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Further, the report aims to cover the below points –
- Provides an in-depth analysis of the key business opportunities in countries and verticals
- Provides complete details about the various types of tourniquets
- Provides complete details of trending tourniquets
- Provides complete details about the analysis of top players
- Provides industry outlook including current and future market trends, drivers, restraints, and emerging technologies
Ms. Kathakali Basu
Infoholic Research LLP