ID: MRFR/HC/6897-HCR | February 2023 | Region: Global | 111 Pages
The Medical Tourniquets Market is expected to reach USD 687.21 Million by 2030 at 12.4% CAGR during the forecast period 2022-2030. The rising aging population, increasing road accidents, and the growing number of joint replacement surgeries is set to drive the demand for medical tourniquets during the forecast period.
Medical tourniquets are commonly used in medical procedures and high-risk or emergencies to control excess bleeding. It regulates blood flow by compressing blood vessels and helps medical professionals to carry out procedures without further blood loss. Surgical tourniquet, tactical tourniquet, pediatric tourniquet, military tourniquet, emergency medical tourniquet, and emergency medical tourniquet are the various types of tourniquets used to control arterial blood flow.
Strategic mergers & acquisitions are also projected to boost market growth with companies looking to strengthen their market positions, expand their product portfolios, and improves their brand images.
For instance, in April 2017, Teleflex announced the acquisition of Pyng Medical for approximately USD 8.6 million. Pyng Medical operates as a subsidiary of Teleflex Canada and acquisition helped Teleflex strengthen its position in the medical tourniquets market.
Market Influencer
Accidents significantly impact the growth of the medical tourniquets market in industrial settings and on the roads as they are extensively used in such emergencies to control bleeding of the person affected.
Market Drivers
Market Restraints
Segmentation
Medical Tourniquets Market, By Type
Medical Tourniquets Market, By ApplicationÂ
Medical Tourniquets Market, By End-User
Medical Tourniquets Market, By Region
Medical Tourniquets Market Key Players
Report Attribute/Metric | Details |
---|---|
Market Size | USD 687.21 Million |
CAGR | 12.4% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Application, End-User |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Zimmer Biomet, Stryker Corporation, Delfi Medical Innovation, OHK Medical Devices, Huaxin Medical Equipment Factory, Sam Medical, Hammarplast Medical AB, VBM Medizintechnik, Ulrich Medical, Pyng Medical (Part of Teleflex), C.A.T Resources, Rudolf Riester GmbH, Anetic Aid, Dessillons & Dutrillaux, and Hangzhou Zhengda Medical Co. |
Key Market Opportunities |
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Key Market Drivers |
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medical tourniquets market is expected to be valued at USD 687.21 Million by 2030.
The global market is expected to exhibit a strong 12.4% CAGR over the forecast period till 2030.
Increasing demand for joint replacement surgeries is likely to be the major driver for the medical tourniquets market.
The Americas are the largest regional market for medical tourniquets.
Leading players in the market include Zimmer Biomet, Sam Medical, and Anetic Aid, among others.