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
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.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Five forces analysis
PART 06: Market segmentation by product type
- Pneumatic tourniquets
- Non-pneumatic tourniquets
PART 07: Market segmentation by end-user
- Hospitals
- ASCs
- Military
- Others
PART 08: Geographical segmentation
- Tourniquets market in Americas
- Tourniquets market in EMEA
- Tourniquets market in APAC
PART 09: Decision framework
PART 10: Drivers and challenges
- Market drivers
- Impact of drivers on key customer segments
- Market challenges
- Impact of challenges on key customer segments
PART 11: Market trends
- Focus on development of latex-free tourniquets
- Rise in research activities
- Growing demand for tourniquets in new applications
- Increased training programs and initiatives
PART 12: Vendor landscape
- Competitive scenario
- Key news
- Others
PART 13: Key vendor analysis
- Stryker
- Zimmer Biomet
- ulrich medical
- VBM Medizintechnik
- Delfi Medical
- Other prominent vendors
PART 14: Appendix