Global Tourniquet Systems Market, By Component (Tourniquet Instrument, Tourniquet Cuffs, Pneumatic, Disposable, Reusable, Non-Pneumatic), End-Use (Hospitals, Ambulatory Setting, Non-Institutional Use), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Tourniquet Systems Market
Tourniquet systems market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 921.73 million and grow at a CAGR of 6.29% in the above-mentioned forecast period. Increased incidence of road accidents and falls drives the tourniquet systems market.
Tourniquet is also defined as a compressing or constricting device, which is used to control arterial and venous blood flow during surgeries. This device is generally used in those surgeries where external hemorrhage cannot be controlled by direct pressure during emergency conditions.
Rising prevalence of musculoskeletal disorders, accidents, and injuries is the vital factor escalating the market growth, also rising need for surgeries, rising greater flexibility and reliability has led to higher demand for cuffs in hospitals, increasing awareness about surgeries in patients, rising geriatric population, increasing growth in foreign investments in developing regions, rising adoption rate of tourniquet systems in hospitals in order to control external hemorrhage, increasing application of tourniquets cuffs in military settings and war sites and increased adoption rate of technologically advanced systems are the major factors among others driving the tourniquet systems market. Moreover, rising technological advancements and modernization in the healthcare industry, rising research and development activities in the healthcare sector and rising emerging markets with increasing geriatric population base will further create new opportunities for tourniquet systems market in the forecasted period of 2021-2028.
However, rising dearth of trained professionals is the major factor among others which will obstruct the market growth, while increasing complications associated with the use of surgical tourniquets and increasing risk of infection transmission associated with the use of reusable tourniquets will further challenge the growth of tourniquet systems market in the forecast period mentioned above.
This tourniquet systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on tourniquet systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Tourniquet Systems Market Scope and Market Size
Tourniquet systems market is segmented on the basis of component and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of component, the tourniquet systems market is segmented into tourniquet instrument, tourniquet cuffs, pneumatic, disposable, reusable and non-pneumatic. Tourniquet cuffs have been further segmented into pneumatic tourniquet cuffs and non-pneumatic tourniquet cuffs. Pneumatic tourniquet cuffs have been further segmented into single-use and reusable.
- The tourniquet systems market is also segmented on the basis of end-use into hospitals, ambulatory setting and non-institutional use.
Global Tourniquet Systems Market Country Level Analysis
Tourniquet systems market is analysed and market size insights and trends are provided by country, component and end-use as referenced above.
The countries covered in the tourniquet systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the tourniquet systems market due to increasing well-established healthcare infrastructure, high adoption rate of technologically advanced systems, and large target population in this region. Asia-Pacific is the expected region in terms of growth in tourniquet systems market due to hiking adoption rate of tourniquet systems in hospitals in order to control external haemorrhage, increasing application of tourniquets cuffs in military settings and war sites rising number of laboratory settings and hospitals and increasing number of road accidents and injuries due to various reasons in this region.
The country section of the tourniquet systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Tourniquet systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for tourniquet systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the tourniquet systems market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Tourniquet Systems Market Share Analysis
Tourniquet systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to tourniquet systems market.
The major players covered in the tourniquet systems market report are VBM Medizintechnik GmbH, OHK Medical Devices, Stryker, ulrich GmbH & Co. KG, Delfi Medical, CAT Resources, LLC, Huaxin Medical Equipment Factory, Hammarplast Medical AB, Zimmer Biomet, SAM Medical, AneticAid Ltd, Üzümcü Tibbi Cihaz ve Medikal Gaz Sistemleri San. ve Tic. A.S., Pyng Medical., Changzhou Yanling Electronic Equipment Co.,Ltd, MEDICAINSTRUMENT, and wysengine. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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