Surgical Tourniquets Market: Approach Discussed In Report By Industry Experts will Drive the Rapid Evolution of the Mark

The global surgical tourniquets market is estimated to be valued at US$ 518.52 Mn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview

Surgical tourniquets are medical devices that are used during surgical procedures to temporarily stop blood flow to an extremity or organ. They help provide a bloodless field for the surgeon to work and visualize anatomical structures more clearly. By constricting blood flow, tourniquets reduce blood loss in the operative field. This improves surgical site visibility and allows for more precise surgical techniques. They offer advantages like shorter operating and recovery times.

Market key trends

One of the key trends in the surgical tourniquets market is the growing adoption of tourniquets for use in telemedicine. With the rapid advancements in technologies enabling remote surgery and care, tourniquets are increasingly being used to monitor patients and facilitate procedures from a distance during telehealth consultations and Virtual Reality (VR)-assisted surgeries. Their ability to temporarily restrict blood flow remotely aids in examination and diagnosis of sites through virtual platforms. This increases access and quality of care for patients in remote locations.

Segment Analysis

The global surgical tourniquets market is segmented into three major types: tourniquet systems, tourniquet cuffs, and tourniquet accessories. Among these, the tourniquet cuffs segment dominated the market in 2022 with a market share of over 50%. This is because tourniquet cuffs are single-use disposable medical devices that require frequent replacement, driving their higher demand compared to other segment types.

Key Takeaways

The global surgical tourniquets market is expected to witness high growth, exhibiting CAGR of 7.8% over the forecast period, due to increasing number of surgical procedures worldwide. The market was valued at US$ 518.52 Mn in 2023 and is projected to reach US$ 973.75 Mn by 2030.

North America dominated the global surgical tourniquets market in 2022 and is expected to continue its dominance over the forecast period. This is attributed to factors such as rising prevalence of chronic diseases, increasing demand for advanced healthcare facilities, and growing number of surgical procedures in the region. Asia Pacific is anticipated to witness the highest growth rate during the forecast period owing to rapidly increasing healthcare expenditure and developing medical infrastructure in major Asian countries.

Key players operating in the surgical tourniquets market are Zimmer Biomet, Stryker Corporation, Delfi medical innovations inc., Hammarplast Medical AB, OHK Medical Devices Inc., Pyng Medical Corp., Beijing Jinxinxing Medical Device Factory, SourceMark, and AneticAid. These companies have strong geographical presence and provide innovative tourniquet systems and cuffs to meet the rising demand from end users.