Global Tourniquets Device Market 2017-2021

Overview of the global tourniquets device market

Technavio’s market research report predicts that the global tourniquets device market will grow at a CAGR of nearly 9% during the forecast period. The growing demand for tourniquets in military applications is one of the primary drivers of market growth. It has been observed that exsanguination is the main reason for the death of wounded warfighters and the governments are taking initiatives to bring in new tourniquets to lower the death rates in military operations. The US Army introduced a junctional tourniquet with more advantages than a traditional tourniquet. Such a rise in initiatives from governments regulating the use of tourniquets will fuel the growth of the market over the next four years.

Tourniquets device market

In terms of geography, the Americas led the global tourniquets device market during 2016 and is expected to continue the domination during the forecast period. The rising number of road accidents, an increase in emergency applications in the military during surgeries and growing occurrences of intestinal-related disorders drive the demand for tourniquets in this region.    

Tourniquets device market growth: Competitive analysis and key vendors

The global tourniquets device manufacturers develop and bring in innovative products to offer and increase patient satisfaction. Largely dominated by Tier 1 players, the market competition is significantly rising between Tier 1, Tier 2 and Tier 3 and the large players are losing their shares to developing and local players. Technology enhancements and product improvements will raise the competition among tourniquet manufacturers in the medical tourniquets market and global players will start adopting innovative technologies to improve the product offerings and lower the market competition.

 Key vendors in the tourniquets device market

• Stryker
• Zimmer Biomet
• ulrich medical
• VBM Medizintechnik
• Delfi Medical

Tourniquets device market segmentation by product type

• Pneumatic tourniquets
• Non-pneumatic tourniquets

During 2016, the pneumatic tourniquets market led the product type segment and is expected to continue the lead over the next four years. Factors like increase in orthopedic surgeries, road accidents, and sports-related injuries drive the growth of the market. Furthermore, lesser infection-associated issues, M&A activities, and training programs for the utilization of tourniquets also accelerate market growth.

Tourniquets device market segmentation by end-user

• Hospitals
• ASCs
• Military

As per Technavio’s market research report, hospitals dominated the end-user segment in the global tourniquets device market during 2016. The main contributor to the segment’s growth is the investment for surgeries using tourniquets as supportive devices in hospitals. This will lead to the growth of medical tourniquets market. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global tourniquets device market?
• What are the key market trends impacting the global tourniquets device market?
• What are the challenges to market growth?
• Who are the key vendors in the global tourniquets device market?
• What are the market opportunities and threats faced by the vendors in the global tourniquets device market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global tourniquets device market?

Technavio also offers customization on reports based on specific client requirement.