Tourniquet Systems Market Analysis By Component (Tourniquet Instrument, Tourniquet Cuffs [Pneumatic {Disposable, Reusable}, Non-Pneumatic]), By Application, And Segment Forecasts, 2018 - 2025

Industry Insights

The global tourniquet systems market size was valued at USD 304.2 million in 2016 and is expected to grow with CAGR of 7.7% over the forecast period. The rise in geriatric population, which is highly susceptible to orthopedic conditions, coupled with increasing patient awareness is expected to drive the growth over the forecast period. In addition, greater flexibility and reliability of tourniquet systems has led to an increasing demand for cuffs in the recent years, hence increasing the application of such devices effectively.

In hospitals, tourniquets are specifically used during orthopedic surgeries, where external hemorrhage cannot be controlled by direct pressure. In addition, the device is also used during emergencies and life‐threatening limb hemorrhages or limb amputation with multiple bleeding points, for immediate management of breathing & airway problems. However, restraints such as transmission of infection due to reusable cuffs might consequently increase the hospital costs and hinder the growth of market during the forecast period.

U.S. tourniquet market, by component, 2014 - 2025 (USD Million)

In developing countries such as India, Mexico, and Brazil, governments are continuously investing huge amount of funds to improve hospital care. Increasing number of accidents, rising prevalence of orthopedic injuries, and rapid growth in foreign investments in developing nations of Asia Pacific, Latin America, and Middle East is expected to boost the market growth in these regions.

Component Insights

Tourniquet cuffs dominated the overall space in 2016 owing to their growing applications in orthopedics, trauma, and emergency settings. Tourniquet cuffs are also available in various sizes, hence, they can be used in a number of orthopedic surgeries.

The pneumatic cuffs segment occupied the largest share in 2016. The segment is also expected to grow at the highest CAGR during the forecast period as pneumatic cuffs provide a standardized pressure which can be easily controlled and the compression is independent of the position and strength of the medical expert’s hand.

Application Insights

The global demand for tourniquets has seen a paradigm shift due to rising awareness amongst consumers. The hospital segment accounted for more than 42% of the total revenue share in 2016. Tourniquet systems are being used extensively as an essential tool for the management of life‐threatening external hemorrhage caused due to lower limb injury.

In addition, the noninstitutional application segment is expected to witness highest growth from 2017 to 2025 due to increasing application of tourniquets in military settings and war sites. Limb hemorrhages are one of the most common injuries caused by military wars. According to the National Center for Biotechnology Information, “point of significant hemorrhage from limb is not peripherally accessible due to entrapment” (during times when simple methods of hemorrhage control such as direct pressure cannot be adopted. In such cases, tourniquets can prove to be lifesaving without resulting in complications.

Global tourniquet systems market revenue, by component, 2016 (%)

Regional Insights

North America dominated the tourniquet industry with the largest revenue share in 2016. The dominance of this region is mainly attributed to factors such as presence of a well-established healthcare infrastructure, large target population and high adoption rate of technologically advanced systems.

On the other hand, Asia Pacific was the fastest growing region and accounted for around 16% of the total revenue in 2016. Emerging economies in the region including India, Thailand, and Indonesia have been experiencing strong economic growth. Growing population and increasing number of major falls & road accidents have spurred the demand for tourniquet systems in the region. The Asia Pacific region will also benefit from the growing number of hospitals and laboratory settings, wherein the application of tourniquet system is maximum.

Competitive Insights

The global tourniquet system sector is highly competitive and fairly concentrated, with a few companies accounting for maximum share of the global market in 2015. Some of the major companies are Delfi Medical, Zimmer Biomet, Hammarplast Medical AB, VBM Medizintechnik GmbH, Stryker, ulrich medical, and Rudolf Riester GmbH.

However, some of the new entrants are expected to witness greater developments with better product offerings and technological advancements in the near future due to frequent mergers & acquisitions being undertaken as an attempt to maximize their share, which would eventually lead to greater market revenue.

Report Scope

Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global tourniquet systems market on the basis of component, application and region:

• Component Outlook (Revenue, USD Million, 2014 - 2025)

  • Tourniquet instrument

  • Tourniquet cuffs

    • Pneumatic

      • Disposable

      • Reusable

    • Non-pneumatic

• Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Hospitals

  • Ambulatory setting

  • Non-institutional use

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • South Africa