What is Global Tourniquet Market?
The Global Tourniquet Market is a vast and dynamic field that encompasses a wide range of products and applications. A tourniquet is a compressing device used to control venous and arterial circulation to an extremity for a period of time. It is generally used in emergency situations or during surgeries to limit the loss of blood. The market for these life-saving devices is global, with demand and supply chains spread across the world. The market is driven by various factors such as advancements in technology, increasing number of surgeries, and rising awareness about the importance of tourniquets in controlling blood loss during surgeries. However, the market also faces certain challenges such as the risk of complications associated with tourniquet use and the lack of trained professionals. Despite these challenges, the Global Tourniquet Market continues to grow, driven by the increasing demand for effective and efficient blood loss control methods in the medical field.
Latex Tourniquet, TPE Tourniquet, Other in the Global Tourniquet Market:
The Global Tourniquet Market is segmented based on the type of material used in the tourniquets. These include Latex Tourniquets, TPE Tourniquets, and others. Latex Tourniquets are made from natural rubber and are commonly used due to their elasticity and durability. However, they can cause allergic reactions in some individuals. TPE (Thermoplastic Elastomer) Tourniquets, on the other hand, are latex-free and are gaining popularity due to their hypoallergenic properties. Other types of tourniquets include those made from silicone, polyisoprene, and other synthetic materials. Each type of tourniquet has its own advantages and disadvantages, and the choice of tourniquet depends on various factors such as the patient's condition, the type of surgery, and the surgeon's preference.
General Medical tourniquets, Emergency tourniquets in the Global Tourniquet Market:
The Global Tourniquet Market also varies based on the area of application. General Medical Tourniquets are used in a wide range of medical procedures such as surgeries, blood draws, and intravenous infusions. They are designed to control blood flow and minimize blood loss during these procedures. Emergency Tourniquets, on the other hand, are used in emergency situations such as accidents and trauma cases. They are designed to be easy to use and quick to apply, allowing first responders to control bleeding and save lives. Both types of tourniquets play a crucial role in the medical field, and the demand for these devices is expected to increase in the future due to the rising number of surgeries and emergency cases.
Global Tourniquet Market Outlook:
The Global Tourniquet Market is expected to witness significant growth in the coming years. In 2022, the market was valued at US$ 936.6 million and is projected to reach US$ 1115.6 million by 2029, growing at a CAGR of 2.5% during the forecast period 2023-2029. North America holds the largest share of the market, followed by Europe. The market is dominated by key players such as BD, 3M, Fisher Scientific, Covidien, and Zimmer, who collectively hold about 10% of the market share. The growth of the market is driven by advancements in technology, increasing number of surgeries, and rising awareness about the importance of tourniquets in controlling blood loss. However, the market also faces certain challenges such as the risk of complications associated with tourniquet use and the lack of trained professionals. Despite these challenges, the Global Tourniquet Market is expected to continue its upward trajectory in the coming years.
| Report Metric | Details |
| Report Name | Tourniquet Market |
| Accounted market size in 2023 | US$ 936.6 million |
| Forecasted market size in 2030 | US$ 1115.6 million |
| CAGR | 2.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | BD, 3M, Fisher Scientific, Covidien, Zimmer, Medline, Cardinal Health, Paul Hartmann, Alimed, Avcor Health Care, Tetra Medical Supply Corp, JIEAN, KeHua, Yancheng Senolo Medical, Xingtong Biotechnology, JSYH Medical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
