Surgical Tourniquets Market Analysis Market is Anticipated to Register at a Healthy CAGR of ~8% During the Forecast Period 2019- 2029 - PowerPoint PPT Presentation

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Surgical Tourniquets Market Analysis Market is Anticipated to Register at a Healthy CAGR of ~8% During the Forecast Period 2019- 2029

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Title: Surgical Tourniquets Market Analysis Market is Anticipated to Register at a Healthy CAGR of ~8% During the Forecast Period 2019- 2029


1
Healthcare, Pharmaceuticals Medical Devices
  • August 2019

Report Id REP-GB-2254 Published On
Aug-2019 Category Healthcare, Pharmaceuticals
Medical Devices
2
AboutFuture Market Insights
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3
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
PMR formulates a detailed discussion guide to conduct expert and industry interviews
PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts
PMR conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
PMR delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
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SOLUTION
  • Market participants
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Primary Research
Secondary Research
Paid Publications
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includes sources of databases
4
Surgical Tourniquets Market Analysis
  • Surgical Tourniquets Market Analysis Market to
    Record CAGR of 8 Increase in Revenue by 2019
    - 2029
  • VALLEY COTTAGE, New York, Aug. 22,
    2019 /PRNewswire/ -- Worldwide sales of surgical
    tourniquets will increase by 7.5 year-over-year
    to reach US 381 million in 2019, up from US
    355 million in 2018, according to the latest
    research from Future Market Insights (FMI).
  • FMI' analysis expects the surgical tourniquets
    market to grow at 8 CAGR through to 2029,
    driven a surge in the number of trauma cases over
    the years lined with rising demand for effective
    device to stop arterial bleeding during surgical
    procedures. Analysts also expect that automatic
    machines and robotic technologies are likely to
    bring a paradigm shift in operative procedures,
    which should push the manufacturers to innovate
    their products and develop strategies to attract
    and retain a new segment of customers.
  • Surgical tourniquets have long been reliable to
    establish a bloodless field of operation for
    surgeons while maintaining a high level of safety
    for patients. However, the risk of surgical-site
    infections as well as tourniquet-related
    injuries, particularly due to the application of
    high pressures and high pressure gradients to the
    patient, remains a potential threat to the market
    growth. 

5
Surgical Tourniquets Market Analysis
  • In an attempt to reduce the risks associated with
    higher tourniquet pressures, manufacturers are
    placing their bets on products innovations and
    introduction of novel features such as automatic
    pressure control, audiovisual alarms, digital
    displays, and easy-to-use user interface.
  • Sales of Tourniquet Cuffs to Ramp up in 2019
  • According to the FMI analysts, tourniquet cuffs
    have been a vital part of the modern
    computer-assisted tourniquet system, which
    accounted for 77 of total market revenue in
    2018. While the inflatable disposable cuffs
    represented more than half of the total
    tourniquet cuff sales in 2018, the consumption of
    inflatable reusable cuffs is likely to increase
    7.6 y-o-y in 2019.
  • "In terms of tourniquet systems, dual channel
    systems will continue to represent a relatively
    high share as compared to single channel systems,
    in the view of enabling bi-lateral procedures or
    simultaneous surgeries of both upper and lower
    extremity," the FMI analyst said.
  • The consumption of surgical tourniquets for knee
    arthroplasty accounted for 31 sales in 2018,
    while increasing application in amputation of
    limbs and trauma cases is likely to result in
    increased market share in the future.
  • "Recent advancements in reverse shoulder
    arthroplasty along with the introduction of
    'personalized' tourniquet systems that allow the
    use of variable contour design and cuffs for
    specific patients will open new avenues of growth
    for the market players," said the FMI analyst.

6
Surgical Tourniquets Market Analysis
  • Hospitals Capture Significant Share, North
    America in the Vanguard
  • In 2018, surgical tourniquets worth US 176
    million were sold in hospitals according to the
    FMI analysts, growing number of hospitals,
    especially in developing countries, and greater
    awareness of advanced medical devices will
    continue to drive the consumption of surgical
    tourniquets in hospitals.
  • Rapid adoption of 'value-based' model in health
    care settings have led to a surge in the number
    of ambulatory surgical centers and specialized
    clinics, thereby paving a new way of growth for
    the surgical tourniquets market.
  • The FMI analyst forecasts that North America will
    continue to remain at the forefront of surgical
    tourniquets market, representing 30 share in
    2018. While North America is likely to be
    neck-and-neck with Europe to lead the market in
    future, manufacturers are tapping into new
    opportunities in developing countries in Asia
    Pacific.
  • The surgical tourniquets market shows a fair
    level of fragmentation, with two prominent
    players including Zimmer Biomet and Stryker
    Corporation accounting for more than one-third of
    the total revenue share. Exploring unmet needs in
    developing regions and expanding their
    distribution through collaboration and
    acquisitions of local and regional manufacturers
    remain key focal points of the market players.

7
Surgical Tourniquets Market Analysis
  • Press-release Source - https//www.prnewswire.com/
    news-releases/surgical-tourniquets-market-is-expec
    ted-to-grow-at-a-cagr-of--8-over-2019-to-2029--fut
    ure-market-insights-300905706.html
  • More Related Press-release
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    Grow at a CAGR of 10 During the Forecast Period
    of 2019 to 2029
  • MRI Pulse Oximeters Market is Expected to Grow at
    a CAGR of 2 During the Forecast Period of 2019
    to 2029
  • HDL Cholesterol Kits Market to Witness an
    Opportunity Worth US 790 Mn by 2029

8
Surgical Tourniquets Market Analysis
  • About Us
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    intelligence and consulting firm. We deliver
    syndicated research reports, custom research
    reports and consulting services which are
    personalized in nature. FMI delivers a complete
    packaged solution, which combines current market
    intelligence, statistical anecdotes, technology
    inputs, valuable growth insights and an aerial
    view of the competitive framework and future
    market trends.
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    Way, Suite 2-9018Valley Cottage, NY 10989United
    StatesT 1-347-918-3531F 1-845-579-5705T
    (UK) 44(0)20-7692-8790Sales sales_at_futuremarket
    insights.com

9
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