
Region:Global
Author(s):Vijay Kumar
Product Code:KROD1584
December 2024
92

The Global Surgical Tourniquet Market can be segmented based on Product Type, Application, and Region.
By Product Type: The market is segmented by product type into pneumatic tourniquets, manual tourniquets, and electronic tourniquets. In 2023, pneumatic tourniquets held the dominant market share due to their widespread use in orthopedic surgeries. The preference for pneumatic tourniquets stems from their ability to maintain consistent pressure, reducing the risk of complications.

By Application: The market is further segmented by application into orthopedic surgeries, trauma surgeries, and emergency care. In 2023, the orthopedic surgeries segment accounted for the largest market share due to the high number of knee and hip replacement procedures globally. The demand for tourniquets in orthopedic surgeries is driven by the need to create a bloodless surgical field, which is essential for the precision and success of these procedures.

By Region: Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA. In 2023, North America dominated the market, driven by a high concentration of key players, advanced healthcare infrastructure, and strong demand for surgical procedures. The regions regulatory environment and significant R&D investments have also contributed to its leadership position.
|
Company |
Headquarters |
Establishment Year |
|
Zimmer Biomet |
Warsaw, Indiana, USA |
1927 |
|
Stryker Corporation |
Kalamazoo, Michigan, USA |
1941 |
|
Ulrich Medical |
Ulm, Germany |
1912 |
|
Delfi Medical |
Vancouver, Canada |
1988 |
|
Hammarplast Medical |
Lidkping, Sweden |
1967 |
|
By Product |
Pneumatic Tourniquets Manual Tourniquets Electronic Tourniquets |
|
By End-User |
Hospitals Ambulatory Surgical Centers (ASCs) Military and Emergency Services |
|
By Region |
North America Europe APAC Latin America MEA |
|
By Application |
Orthopedic Surgeries Trauma Surgeries Emergency Care |
1.1. Definition and Scope
1.2. Market Taxonomy
1.3. Market Growth Rate
1.4. Market Segmentation Overview
2.1. Historical Market Size
2.2. Year-on-Year Growth Analysis
2.3. Key Market Developments and Milestones
3.1. Growth Drivers
3.1.1. Rising Number of Orthopedic Surgeries
3.1.2. Adoption of Advanced Tourniquet Systems
3.1.3. Increasing Awareness and Training
3.2. Challenges
3.2.1. High Cost of Advanced Systems
3.2.2. Regulatory Compliance
3.2.3. Supply Chain Disruptions
3.3. Opportunities
3.3.1. Technological Advancements and AI Integration
3.3.2. Expansion in Emerging Markets
3.3.3. Increased Demand for Disposable Tourniquets
3.4. Trends
3.4.1. Surge in Adoption of Smart Tourniquet Systems
3.4.2. Shift Towards Single-Use Tourniquets
3.4.3. Growth in Ambulatory Surgical Centers
3.5. Government Regulations
3.5.1. U.S. FDAs Updated Guidelines (2023)
3.5.2. Indias National Medical Devices Policy (2024)
3.5.3. European Unions MDR Implementation (2023)
3.6. SWOT Analysis
3.7. Stakeholder Ecosystem
3.8. Competition Ecosystem
4.1. By Product Type (in Value %)
4.1.1. Pneumatic Tourniquets
4.1.2. Manual Tourniquets
4.1.3. Electronic Tourniquets
4.2. By Application (in Value %)
4.2.1. Orthopedic Surgeries
4.2.2. Trauma Surgeries
4.2.3. Emergency Care
4.3. By End-User (in Value %)
4.3.1. Hospitals
4.3.2. Ambulatory Surgical Centers (ASCs)
4.3.3. Military and Emergency Services
4.4. By Region (in Value %)
4.4.1. North America
4.4.2. Europe
4.4.3. Asia-Pacific
4.4.4. Latin America
4.4.5. MEA
5.1. Detailed Profiles of Major Companies
5.1.1. Zimmer Biomet
5.1.2. Stryker Corporation
5.1.3. Ulrich Medical
5.1.4. Delfi Medical
5.1.5. Hammarplast Medical
5.2. Cross Comparison Parameters (No. of Employees, Headquarters, Inception Year, Revenue)
6.1. Market Share Analysis
6.2. Strategic Initiatives
6.3. Mergers and Acquisitions
6.4. Investment Analysis
6.4.1. Venture Capital Funding
6.4.2. Government Grants
6.4.3. Private Equity Investments
7.1. Medical Device Safety Standards
7.2. Compliance Requirements
7.3. Certification Processes
8.1. Future Market Size Projections
8.2. Key Factors Driving Future Market Growth
9.1. By Product Type (in Value %)
9.2. By Application (in Value %)
9.3. By End-User (in Value %)
9.4. By Region (in Value %)
10.1. TAM/SAM/SOM Analysis
10.2. Customer Cohort Analysis
10.3. Marketing Initiatives
10.4. White Space Opportunity Analysis
Ecosystem creation for all the major entities within the global surgical tourniquet market by referring to multiple secondary and proprietary databases. This step involves performing desk research to collate industry-level information and identify key trends and factors influencing the market.
Collating statistics on the global surgical tourniquet market over the years, including the penetration of product types and service providers, to compute the revenue generated within the market. This process also involves reviewing service quality statistics to ensure the accuracy and reliability of the data points shared, providing a robust understanding of market revenue dynamics.
Building market hypotheses and conducting Computer Assisted Telephone Interviews (CATIs) with industry experts from various companies within the surgical tourniquet market. These interviews are designed to validate the collected statistics, refine market forecasts, and obtain operational and financial insights directly from company representatives.
Our team will engage with multiple key surgical tourniquet companies to understand the nature of product segments, sales patterns, consumer preferences, and other relevant parameters. This approach will support the validation of statistics derived through a bottom-up approach, ensuring that the final research output accurately reflects the market conditions and supports strategic decision-making.
The global surgical tourniquet market reached a valuation of USD 475.13 million in 2023, driven by the increasing prevalence of orthopedic surgeries, trauma cases, and the adoption of advanced surgical technologies.
Challenges in the global surgical tourniquet market include the high cost of advanced tourniquet systems, stringent regulatory compliance requirements, and supply chain disruptions affecting the availability of key components necessary for manufacturing.
Key players in the global surgical tourniquet market include Zimmer Biomet, Stryker Corporation, Ulrich Medical, Delfi Medical, and Hammarplast Medical. These companies lead the market due to their innovative product offerings, extensive distribution networks, and strong focus on research and development.
The market is driven by the rising number of orthopedic surgeries, increasing adoption of advanced tourniquet systems, and growing awareness and training on the proper use of surgical tourniquets, particularly in developing regions.
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