Pneumatic Tourniquet Market
Number of pages: 100 | Report Format: PDF | Published date: May 18, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023 to 2031
|
Report Attribute |
Details |
|
Market Size Value in 2022 |
US$ 405.6 million |
|
Revenue Forecast in 2031 |
US$ 783.43 million |
|
CAGR |
7.6% |
|
Base Year for Estimation |
2022 |
|
Forecast Period |
2023 to 2031 |
|
Historical Year |
2021 |
|
Segments Covered |
Type, Application, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global pneumatic tourniquet market was valued at US$ 405.6 million in 2022 and is expected to register a revenue CAGR of 7.6% to reach US$ 783.43 million by 2031.
Pneumatic Tourniquet Market Fundamentals
A pneumatic tourniquet is a medical device used to temporarily occlude blood flow to a specific area of the body, typically an extremity such as an arm or leg. It consists of an inflatable cuff or band placed around the limb and connected to a compressed air source. The primary purpose of a pneumatic tourniquet is to create a bloodless field during surgical procedures or other medical interventions, such as intravenous regional anesthesia. The primary purpose of a pneumatic tourniquet is to create a bloodless field during surgical procedures or other medical interventions, such as intravenous regional anesthesia. Pressure is applied to the underlying blood vessels by inflating the cuff, temporarily stopping the blood flow beyond the cuff. This allows healthcare professionals to work in a controlled environment with reduced bleeding. The pneumatic tourniquet market has been witnessing growth in emerging economies, driven by increasing healthcare infrastructure, rising disposable incomes, and a growing focus on improving healthcare standards.
The global pneumatic tourniquet industry analysis report comprehensively analyzes the market, with the factors that either aid or impede the market growth, such as its drivers, restraints, and opportunities. The research provides insight into the companies that operate in the Pneumatic Tourniquet market and their efforts to position themselves as key players through expansion strategies and innovations. It also highlights recent developments that contribute to the Pneumatic Tourniquet market growth. The research also analyzes the impact of the COVID-19 pandemic.
This research is valuable for businesses seeking insights into the market, customers, and competition. The research provides special insights into the segmentation, regions, market size & projection, revenue CAGRs, and other important information that may help clients make the right decisions. The report assembles data from market players and professionals across the industrial value chain. The study also incorporates qualitative and quantitative assessments from industry professionals. Secondary research, surveys and interviews, and statistical modeling are all used in our research to estimate market size and projection. Our reports deliver the most reliable market data because of our specialized research methods.
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Pneumatic Tourniquet Market Dynamics
The growing prevalence of orthopedic issues among the populace due to insufficient physical activity is driving up the need for pneumatic tourniquets, and a sedentary lifestyle is speeding the market demand globally. Additionally, the market is being stimulated by increasing demand for pneumatic tourniquets and the development of novel products by industry players. Additionally, pneumatic tourniquets are often and securely utilized worldwide during limb procedures. These tourniquets change normal physiology when they are applied. These tourniquets are frequently used for orthopedic and cosmetic procedures. The market for intravenous regional anesthesia (IVRA) is expected to develop due to the rise in plastic surgery and other augmentation operations. Moreover, the need for pneumatic tourniquets is rising due to recent acquisitions and strategic moves by significant firms. For instance, Dessillions & Dutrillaux purchased Electro Concept Medical in 2020 to combine their production, distribution, research, and development expertise. Significant competitors' strategic actions are projected to propel the market's growth under study.
However, the lack of skilled professionals to handle the systems during the surgery is anticipated to hinder the growth of the global pneumatic tourniquets market over the forecast period.
Pneumatic Tourniquet Market Ecosystem
Pneumatic Tourniquet Market, by Type
Pneumatic Tourniquet Market, by Application
Pneumatic Tourniquet Market by Application
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The orthopedic surgery segment is anticipated to witness growth over the forecast period. This is due to the rise in orthopedic problems and other bone illnesses that cause bone degeneration. Arthroscopic surgeries are commonly performed in orthopedic procedures. According to a study published in the Journal of Arthroscopy in 2019, the global prevalence of knee arthroscopy procedures was estimated to be around 2.2 million annually. Better surgical care, which can offer a dry operating area and reduce intraoperative blood loss during extremity surgery, is anticipated to be required due to the prevalence of both conditions.
Consequently, this is anticipated to fuel the study market's expansion. The increasing prevalence of target illnesses, including osteoarthritis, and the increasing number of knee and hip replacement procedures will likely drive this market's expansion. According to revised health statistics from the Organization for Economic Co-operation and Development (OECD) released in November 2021, Italy had over 193.9 hip replacements completed per 100,000 people.
The market segmentation sections provide the pneumatic tourniquet market outlook in terms of the demarcation of different consumer groups. Market segmentation is the split of industry into subgroups depending on characteristics such as type, application, and other factors. Market segmentation data helps organizations understand the preferences and distinctive demands of different customer groups and implement targeted marketing strategies. This data additionally helps in identifying potential Pneumatic Tourniquet market demand opportunities.
Pneumatic Tourniquet Market by Region
North America accounts for the largest revenue share of 40% in the global pneumatic tourniquets market. The market is expected to increase due to factors such as the rising elderly population in the region, improved healthcare infrastructure, better reimbursement policies, and the rising burden of orthopedics and other disorders. When providing regional anesthesia during surgery or to produce a bloodless procedure and an ideal operating field, pneumatic tourniquets are frequently employed in orthopedic surgeries. The Centers for Disease Control and Prevention (CDC) revealed that approximately 1 in 4 adults (23.7%), or 58.5 million people in the United States (US), have arthritis that has been diagnosed by a doctor. Moreover, the expenditure on hospital construction and expansion is increasing in the United States. For instance, in October 2021, Massachusetts General Hospital received approval from the Boston Planning and Development Agency board for a one-million-square-foot with USD 2 billion expansion.
Based on the regions, the global pneumatic tourniquet market is segmented into:
The industry's regional segmentation provides insights into geographic pockets in terms of pneumatic torniquet industry trends, market size, share, and growth rate. This information helps organizations assess potential growth opportunities in new regional markets, understand competitive threats, and develop localized sales and expansion strategies. This section also offers deeper insights into the regional and country-level pneumatic torniquet market overview.
Key Components of the Report
Pneumatic Tourniquet Market Competitive Landscape
The market competitive landscape analysis is performed by gathering and evaluating data about the key competitors, industry trends, and market dynamics. It involves collecting and analyzing data on factors such as products, pricing, geographic reach, customer demographics, marketing tactics, and recent developments. Competitive landscape analysis can help organizations identify present or prospective opportunities and risks in the market.
Pneumatic Torniquet Market Strategic Developments
Reasons To Buy This Report
Key Strengths of Our Report
Target Audience to Benefit from this Report.
A pneumatic tourniquet is a medical device used to temporarily occlude blood flow to a specific area of the body, typically an extremity such as an arm or leg. It consists of an inflatable cuff or band placed around the limb and connected to a compressed air source.
North America will continue to account for the largest revenue share in the global Pneumatic Tourniquet market size during the forecast period from 2023 to 2031.
The global pneumatic tourniquet is expected to grow at a 7.6% revenue CAGR during the forecast period from 2023-2031.
Traditional pneumatic tourniquet systems often have manual controls and analog pressure gauges. However, there has been a move towards digital interfaces that provide precise control and monitoring capabilities. These interfaces allow healthcare professionals to digitally set and adjust pressure levels, providing more accurate and consistent pressure control.
The total pneumatic tourniquet market size worldwide 2022 was around US$ 405.6 million.
The global pneumatic tourniquet market size in 2031 is expected to reach US$ 783.43 million.
The pneumatic tourniquet market faces competition from alternative techniques and technologies used for blood control during surgeries. For example, some surgeons may prefer surgical tourniquets or hemostatic agents. Additionally, advancements in surgical procedures, such as minimally invasive or robotic-assisted surgeries, may sometimes reduce the need for tourniquet use.
The global rise in surgical procedures, including orthopedic, vascular, and plastic surgeries, has contributed to the growth of the pneumatic tourniquet market. Surgical procedures often require tourniquets to create a bloodless surgical field.
Zimmer Biomet Holdings Inc., Ulrich Medical, Stryker Corporation, Shanghai Huifang Medical Instrument Co. Ltd., and Medion Healthcare are some of the key players in the global pneumatic tourniquet market.
*Insights on financial performance are subject to the availability of information in the public domain