The global tourniquet market accounted for over US$ 345 million in 2019. It is anticipated to grow at a CAGR of 7.8% from 2020 to 2030.
The increasing number of road accidents worldwide is among the primary factors driving growth of the tourniquet market. According to the 2018 annual report on “Reported road casualties in Great Britain,” in 2016, there were around 24,101 casualties reporting serious injuries from road traffic accidents and the number increased to 25,511 in 2018. Moreover, the increasing cases of patients that require orthopedic surgeries, such as knee replacements, and Anterior Cruciate Ligament (ACL) reconstruction surgeries, will further drive market growth. According to the 2018 annual meeting of the American Association of Orthopaedic Surgeons (AAOS), by 2030, the total knee replacements will increase by 189 percent. Tourniquets are widely used in orthopedic surgeries to minimize intraoperative blood loss, provide a clear operating field, and to obtain drier bone surfaces for better interdigitation of bone cement.
Some of the Prominent Players are:
Players in the global tourniquet market are Zimmer Biomet, ulrich GmbH & Co. KG, Stryker, Delfi Medical, VBM Medizintechnik GmbH, Pyng Medical, Huaxin Medical Equipment Factory, Hammarplast Medical AB, CAT Resources, LLC, and SAM Medical, among others.
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