Healthcare

Tourniquet Systems Industry Outlook 2019: Worldwide Industry Analysis by Key Players and Growth Opportunities Till 2025

8 July 2019: Global Tourniquet Systems Market is expected to reach USD 594.8 million by 2025. Tourniquet Systems is a compressing device mainly used to control venous and arterial blood circulation to the lower or upper extremity for a period. Pressure is applied circumferentially on the skin and basic tissues of a limb. Further, this pressure is transported to the walls of vessels, causing them to become shortly choke. In surgical settings, the function of a Tourniquet is to apply adequate pressure on the arterial blood flow in a limb following exsanguinous to produce a comparatively bloodless operative field. The Tourniquet System Market is estimated to grow at a significant CAGR of 7.7% over the forecast period as the scope and its applications are rising enormously across the globe.

Tourniquet Systems

Growing geriatric population, increasing patient awareness regarding tourniquet system, and higher flexibility and consistency of tourniquet systems are documented as major factors of Tourniquet Systems Market that are estimated to enhance the growth in the years to come. However, high chances of disease caused by reusable cuffs and high hospital charges are the factors that may restrain overall market growth in the coming years. Tourniquet System Market is segmented based on product type, application, end user, and region.

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Tourniquet cuffs and tourniquet instrument are the product types that could be explored in Tourniquet Systems in the forecast period. Tourniquet cuffs comprise non-pneumatic and pneumatic. Tourniquet cuffs sector accounted for the significant market share of Tourniquet System and is estimated to lead the overall market in the coming years, as rising awareness among customers and high demand in emergency, orthopedics, and trauma settings. In addition, pneumatic cuffs sector is estimated to grow at fastest pace with highest CAGR in the coming years.

The market may be categorized based on applications like leg cuffs, arm cuffs, and others that could be explored in the forecast period. Several end users like non-institutional, hospitals, physician/clinic, and others could be explored in Tourniquet Systems in the forecast period. Hospital sector accounted for the substantial market share of Tourniquet System and is estimated to continue its dominance in the coming years. Also, non-institutional sector is estimated to grow at fastest pace in the coming years.

Globally, North America accounted for the substantial market share of Tourniquet System and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be presence of developed and well-equipped healthcare infrastructure and presence of huge target population. The United States is a major consumer of Tourniquet Systems in the region.

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Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise rising number of road accidents, developing healthcare infrastructure, and growing population in the region. The developing countries like Indonesia, India, and Thailand are the major consumer of Tourniquet Systems in the region.

The key players of tourniquet systems industry are Rudolf Riester GmbH, Delfi Medical, Ulrich Medical, Zimmer Biomet, Stryker, Hammarplast Medical AB, and VBM Medizintechnik GmbH. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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