Surgical Tourniquets Market Share, Development by Companies Outlook, Growth Prospects and Key Opportunities by 2029 | Says FMI Analyst
A surgical tourniquet is used by surgeons to work on a body part in a far more efficient manner since it prevents blood flow to that particular limb. This improves the surgeons speed and precision while it is also much safer from the patient’s perspective. It can also be used during a major accident to prevent death due to exsanguination. Major surgical tourniquet markets include hospitals, medical camps, and research units.
The surgical tourniquet market was revolutionized in the late 1980’s by James McEwen, a Canadian engineer who invented microprocessor- controlled pneumatic tourniquets. They have significantly increased the safety of surgical procedures and are now ubiquitous across the world. The word tourniquet is derived from the French word tourner which means “to turn”.
Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2254
Surgical Tourniquets Market Drivers
Since tourniquets are required whenever there is any medical emergency, a rising global population can be expected to increase the size of the surgical tourniquet market. They are required for dealing with any kind of industrial accidents, falls or road accidents. Road accidents in particular are either the leading or one of the leading causes of deaths throughout the world. According to WHO data, 1.25 million people die every year because of them. They are the leading cause of death for youngsters between the age of 15-30 years and 90% of the fatalities occur in low and middle income countries.
The report also mentions that only 28 countries in the world have comprehensive, well-defined road safety laws. Hence, manufacturers would be well advised to focus on the Asia Pacific, Middle East – North Africa and also Latin America for continued growth of the surgical tourniquet market. These countries have comparatively less stringent laws as compared to their developed world counterparts and also a rising number of both two and four wheelers coming on the road for the first time. Such a deadly combo is bound increase the risk of commuting by road and surgical tourniquets are very often the first form of treatment used in these cases. Even the developed world with its larger focus on healthcare and social security can be expected to be a continued driver for the surgical tourniquet market.
Surgical Tourniquets Market Restraints
There are a few factors which pose a challenge for the growth of the surgical tourniquet market in the near future. Infections can spread through reusable tourniquet cuffs which are not properly sterilized. These concerns are mainly for the disposable ones though as they must be discarded after a single use. In addition, this also leads to increased costs for hospitals and medical practitioners.
Surgical Tourniquets Market Key Regions
North America is the largest surgical tourniquet market at present due to several reasons. It has the highest automobile density in the world, developed infrastructure like four lane highways which enable people to travel at a greater speed and thus a large number of road accidents and resultant traumatic injuries. The government has also consistently strived to encourage the use of advanced tourniquet cuffs as a first line of emergency medical treatment before the patient can be transported to a hospital.
Europe follows North America as the second largest market due to the same reasons mentioned above. Asia Pacific can be expected to record the highest growth for the surgical tourniquet market due to a rising population, increasing disposable income among the middle class and affluent to purchase scooters and automobiles respectively and also a demand for advanced medical procedures of the kind found in developed nations. The rising number of hospitals and pathological laboratories will also help the surgical tourniquet market in no small measure.
Surgical Tourniquets Market Key Market Players
The surgical tourniquet market major players are Zimmer Biomet (UK), Anetic Aid (UK), Stryker Corporation (U.S.),Delfi Medical Innovation Inc (Canada),Hammarplast Medical AB (Sweden),Riester (Germany), VBM (Germany), Ulrich Medical (Germany), uZuMCu (Turkey), Beijing Jinxinxing (China), Beijing Xintian (China), Changzhou Yanling (China), Hangzhou Keyu (China), Medic Instrument (China), Shanghai Huifeng (China), Bohua Medical (China). There is immense competition amongst the established players but significant barriers to entry for newcomers.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
Request for Report Ask A Question @ https://www.futuremarketinsights.com/ask-question/rep-gb-2254
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Explore Wide-ranging Coverage of FMI’s Healthcare Landscape
Centrifugal Blood Pump Market – A slew of cardiovascular products were launched for the management of cardiac disorders over the last decade and development of more are currently underway. With leading manufacturers expecting the demand to surge amid COVID-19, centrifugal blood pump sales are set to grow steadily through 2030.
Pharmaceutical Intermediates Market – The global diabetes prevalence in 2019 is estimated to be 9.3% (463 million people), rising to 10.2% (578 million) by 2030, and the number is rising rapidly. Pharmaceutical drugs have remained key to management of chronic diseases and other diseases.
Respiratory Inhaler Devices Market – A slew of new drugs were launched for the management of asthma and COPD over the last decade and development of more are currently underway. With leading drug manufacturers expecting the demand to surge amid COVID-19, respiratory inhaler sales are set to grow steadily through 2030.
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: email@example.com
For Media Enquiries: firstname.lastname@example.org