Surgical Tourniquets Market Size, Share, Industry Trends and Forecast to 2030

Surgical Tourniquets Market Size & CAGR in 2021

The global surgical tourniquets market is estimated to have a compound annual growth rate (CAGR) of 4.5% in 2021. This growth is expected to result in the market reaching a value of USD 550 million by the end of the year.

COVID-19 Impact on the Surgical Tourniquets Market

The COVID-19 pandemic has had a significant impact on the surgical tourniquets market. With numerous elective surgeries being postponed or canceled during the peak of the pandemic, the demand for surgical tourniquets decreased. However, as healthcare systems begin to recover, the market is expected to bounce back with increased demand for surgical procedures.

Surgical Tourniquets Dynamics

The surgical tourniquets market is driven by the increasing prevalence of chronic diseases that require surgical interventions. Additionally, advancements in tourniquet technology, such as the development of digital tourniquet systems, are contributing to market growth. However, challenges such as the risk of complications associated with tourniquet use and the availability of alternative surgical techniques may hinder market expansion.

Segments and Related Analysis

Types of Surgical Tourniquets

The surgical tourniquets market is segmented based on the type of tourniquets, including pneumatic tourniquets, non-pneumatic tourniquets, and disposable tourniquets. Pneumatic tourniquets are expected to dominate the market due to their precise pressure control and widespread usage in surgical procedures.

End Users

The end users of surgical tourniquets include hospitals, ambulatory surgical centers, and specialty clinics. Hospitals account for the largest market share, given the high volume of surgical procedures performed in these settings.

By Region Analysis

The global surgical tourniquets market is segmented into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America currently holds the largest market share due to the presence of advanced healthcare infrastructure and a high prevalence of chronic diseases.

Key Market Players and Competitive Landscape

Key players in the surgical tourniquets market include Stryker Corporation, Zimmer Biomet Holdings, Inc., Ulrich Medical, Delfi Medical, and Hammarplast Medical AB. These companies are focusing on product innovation and strategic partnerships to maintain their competitive edge in the market.

Recent Happenings in the Surgical Tourniquets Market

In a recent development, Stryker Corporation launched a new digital tourniquet system that offers real-time pressure monitoring and automated pressure adjustment. This innovation aims to improve patient outcomes and streamline surgical procedures. Additionally, Zimmer Biomet Holdings, Inc. announced a collaboration with a leading research institution to develop advanced tourniquet technology for enhanced patient safety.