Factors such as the increasing incidence of road accidents and falls, rising geriatric population, and the growing number of joint replacement surgeries are driving the growth of the surgical tourniquets market during the forecast period.
The Surgical Tourniquets Market is projected to grow at a CAGR of 8.0% during the forecast period to reach USD 509 million by 2024 from USD 347 million in 2019.
Download PDF Brochure: – https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59028052
The tourniquets systems segment accounted for the largest market share in 2019. This is primarily due to the increasing use of tourniquets system during orthopedic surgeries. In 2018, the US accounted for the largest share of the surgical tourniquet systems market. This is mainly due to the increasing number of joint replacement surgeries in the US. According to the American Joint Replacement Registry (AJRR), 860,080 hip and knee replacement procedures were performed in the US in 2017. This number is expected to reach 3.48 million procedures per year by 2030.
The lower-limb surgery segment accounted for the largest share in 2019. This is primarily due to the increasing number of hip & knee replacement surgeries. For instance, as per an article published in Orthopaedic Proceedings Journal (Tourniquet Use for Total Knee Replacement Surgery, February 2018), surgical tourniquets are routinely used by 93% of the surgeons. They are also used in hip replacement procedures and abdominal surgeries.
Hospitals and trauma centers are the major end users of surgical tourniquet products. The hospitals and trauma centers segment accounted for the largest share of the surgical tourniquets market in 2018.
In 2018, North America dominated the surgical tourniquets market, followed by Europe. The high number of road accidents, a rising number of surgical procedures, and the high & growing number of ambulatory surgery centers are the factors propelling the growth of the market in the region.
Speak To Analyst: –https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=59028052
Prominent players in the surgical tourniquets market are Stryker Corporation (US), Zimmer Biomet (US), ulrich medical (Germany), Hammarplast Medical (Sweden), Delfi Medical Innovations (Canada), VBM Medizintechnik (Germany), Pyng Medical (Canada), Zhangjiagang Huaxin Medical Equipment Factory (China), OHK Medical Devices (Israel), Daesung Maref (Korea), Hangzhou Zhengda Medical Co. (China), Dessillons & Dutrillaux (France), and AneticAid (UK).