Many players operate in the global market for tourniquet, making it
highly competitive. In order to steal a march over their rivals in
such a cutthroat landscape, companies are seen focusing on growing
their product portfolio. To that end, they are coming up with
tourniquet systems and cuffs having excellent functionalities. The
market for tourniquet is likely to see intensifying competition on
the back of launch of safer and more reliable systems, having
automatic control facility.
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The market can be broadly segmented into tourniquet systems and
cuffs. The emergence of disposable tourniquet cuffs is also serving
to change the competitive dynamics in the market. With the risk of
infections increasing on account of the use of reusable tourniquets,
the disposable ones are seeing swift uptake. However, in certain
regions the reusable ones are still preferred after proper
sterilization because of their relatively cheaper price. All such
product developments and their rapid uptake are making the global
market for tourniquet dynamic as well.
Majorly fuelling the global tourniquet market is the alarming
increase in traumatic limb injuries resulting from industrial
accidents, sudden accidental falls, and road accidents. They cause
considerable blood loss, thereby necessitating the use of tourniquet
cuff to safely thwart arterial blood flow into a portion of an
extremity by exerting a uniform circumferential pressure around it at
a desired point. Hospitals and emergency units are at the forefront
of driving demand for tourniquets since they are first line of
treatment for a host of emergency orthopedic injuries resulting from
road accidents and mishaps.
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The increasing instances of life-threatening hemorrhage along with
the emergence of state-of-the-art traumatic centers, particularly in
developing economies of China, India, and Philippines, is also
expected to catalyze growth in the tourniquet market in the next
couple of years. In addition, emergence of technologically superior
systems that can conduct blood occlusion even in harsh weather, is
also predicted to spell opportunity for the market for tourniquet in
the near future.
A roadblock to the market growth, on the flipside, is the lack of
knowledge about the use of tourniquets. However, on account of
increasing allocations on healthcare in both developed and developing
nations and proliferation of trauma centers with superior blood
occlusion technologies, the demand in the market will likely remain
supported in the near future despite such challenges.
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North America is the leading region in the global tourniquet market
that accounts for over half the share in it. The increasing road
accidents resulting in severe orthopedic injuries in the region has
served to boost its market. In addition, constant efforts by the
authorities to enhance awareness about usage of technologically
superior tourniquet cuffs as an effective first line of treatment has
also upped their uptake in healthcare facilities. Europe is
considered the second-leading region in the global tourniquet market
because of its superior emergency care infrastructure.
Vis-à-vis growth rate, on the other hand, Asia Pacific is predicted
to lead the market on the back of a burgeoning middle class
population, soaring demand for technologically advanced trauma care
products, and the foray of numerous medical device companies in the
region.
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Some of the prominent companies operating in the global tourniquet
market are Zimmer Biomet Holdings, Inc., Stryker Corporation, ulrich
GmbH & Co, VBM Medizintechnik GmbH, Hammarplast Medical AB, Delfi
Medical Innovation, Inc., and Pyng Medical Corporation.
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