The global Surgical Tourniquets Market is estimated to be valued at Us$ 481.0 Mn in 2022 and is expected to exhibit a CAGR Of 7.8% over the forecast period 2023-2032, as highlighted in a new report published by Coherent Market Insights.
Surgical tourniquets are medical devices that help control blood flow by mechanically blocking the venous and arterial blood flow in limbs during surgeries. They provide a Bloodless field during various orthopedic, reconstructive and limb-sparing procedures. Their use aids in clear visualization without excessive blood loss and help complete complex procedures in less time with improved safety.
Market key trends:
The growing number of surgeries such as joint replacement, limb amputation and reconstructive procedures is driving the demand for surgical tourniquets. According to the American Academy of Orthopaedic Surgeons, over 1.5 million knee and hip replacements are performed each year in the United States. Rise in sports related injuries, obesity cases and aging population have increased the risk of orthopedic conditions, thus propelling the need for surgical procedures. This in turn is augmenting the surgical tourniquets market growth.
The global surgical tourniquets market is segmented by type into pneumatic tourniquets, non-pneumatic tourniquets and others. The non-pneumatic tourniquets segment dominates the market with over 35% share due to advantages such as easy applicability, minimal complications and cost-effectiveness compared to pneumatic tourniquets.
The global surgical tourniquets market is expected to witness high growth, exhibiting CAGR of 7.8% over the forecast period, due to increasing number of surgical procedures.
North America holds the largest share in the surgical tourniquets market, accounting for over 35% share due to developed healthcare infrastructure and presence of key players in the region. Asia Pacific is expected to witness fastest growth over the forecast period owing to rising medical tourism, increased healthcare spending and growing aging population.
Key players operating in the Surgical Tourniquets Market are Anetic Aid, Zimmer Biomet, Stryker Corporation, Hammarplast Medical AB, Delfi Medical Innovation, Ulrich Medical, Riester, Hangzhou Keyu, Medic Instrument, Bohua Medical, Pyng Medical Corporation and Others. Stryker Corporation dominates the global market due to widespread product portfolio and strong distribution network across major markets.