Title: Surgical Tourniquets Market Analysis Market is Anticipated to Register at a Healthy CAGR of ~8% During the Forecast Period 2019- 2029
1Healthcare, Pharmaceuticals Medical Devices
Report Id REP-GB-2254 Published On
Aug-2019 Category Healthcare, Pharmaceuticals
Medical Devices
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4Surgical 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.
5Surgical 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.
6Surgical 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.
7Surgical 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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8Surgical Tourniquets Market Analysis
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