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Published Date: 2016-05-30Number of Pages: 75

Tourniquet Market (Product TYPE - Tourniquet System, Tourniquet Cuffs, Disposable, Reusable; Application - Arm Cuffs, Leg Cuffs; End-user - Hospitals, Physician/clinic, Non-institutional) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

A rising number of road accidents and government interventions aimed at improving the healthcare infrastructure in developing regions are the major factors that will provide major impetus to the global tourniquet market in the coming years.

Technological advancements and the introduction of disposable tourniquet cuffs will also play a major role in pushing the market further in the coming years. TMR findings project that the market holds an opportunity of US$408.6 mn by 2023. The market, which valued US$184.6 mn in 2014, will expand at a favorable CAGR of 9.3% over the period between 2015 and 2023.

Rising Concerns about Infections from Disposable Cuffs Prove Beneficial for Reusable Tourniquet Cuffs

The concerns about the risk of infection through the use of reusable tourniquet cuffs on multiple patients has been a major challenge for the global tourniquet market in the past years. The concerns have fared well for disposable tourniquet cuffs. Despite the fact that these products must be disposed of after single use, slightly adding to the overall costs of a surgery, are gaining increased adoption across several regional markets.

The market for disposable tourniquet cuffs is projected to exhibit a CAGR of 9.9% from 2015 to 2023. The segment of reusable tourniquet cuffs, cashing in on its immense popularity, will still manage to grow at a rather favorable 9.1% CAGR over the same period. Durability and cost-efficiency of reusable tourniquet cuffs will help the segment sustain through the tough times. Tourniquet systems, the devices that monitor inflation time of the cuff and regulate the pressure in response, will rise to a valuation of US$240.2 mn by 2023.

 

tourniquet-market

 

North America Leads due to Presence of Top Vendors and Increased Number of Accidents

On the geographic front, North America emerged as the clear leader in the tourniquet market in 2014, accounting for a share of 53.5%. The alarming rise in the number of road accidents and traumatic orthopedic injuries in the region helped the market achieve this monumental feat. Additionally, persistent attempts of government to improve awareness about the usage of technologically advanced tourniquet cuffs as an efficient first line of treatment have also supported the increased use of tourniquets across healthcare facilities in the region.

Europe acquired the second-largest, yet a comparatively modest 18.4%, share in the overall tourniquet market in 2014. Highly advanced emergency care infrastructure in the region is the major factor making Europe a promising regional market for tourniquet systems.

However, Asia Pacific will present the most lucrative growth opportunities for the global tourniquet market from 2015 to 2023. The rising population of the middle class demographic, increased healthcare funds, and the demand for technologically advanced trauma care products will help the Asia Pacific tourniquet market exhibit a 9.9% CAGR during this period. The tourniquet market in Asia Pacific will also benefit from the rising number of hospitals and laboratory settings, and the entry of several medical device companies in the region.

The highly dynamic and competitive global market for tourniquets features the presence of a large number of vendors. Zimmer Biomet Holdings, Inc. is the leading vendor, followed by Stryker Corporation and Ulrich GmbH & Co. These companies have their businesses across all three major segments of the global tourniquet market. Other major vendors in the market are Pyng Medical Corporation, Hammarplast Medical AB, Delfi Medical Innovation, Inc., and VBM Medizintechnik GmbH.

Table of Content

1. Preface
    1.1. Report Description
    1.2. Market Segmentation
    1.3. Research Methodology

2. Executive Summary
    2.1. Global Tourniquet Market, Estimates and Forecast, By Revenue, 2013–2023 (US$ Mn)
    2.2. Global Tourniquet Market, by Product, 2014 (US$ Mn)
    2.3. Global Tourniquet Market, by Application, 2014 (US$ Mn)
    2.4. Global Tourniquet Market, by End User, 2014 (US$ Mn)
    2.5. Global Market Share by Geography, 2014 and 2023 (Value %)
    2.6. Tourniquet Market Snapshot

3. Tourniquet Market - Industry Analysis
    3.1.  Introduction
    3.2. Market Drivers
    3.3. Constant rise in road accidents globally leading to serious limb injuries
    3.4. Increased health care expenditure globally
    3.5. Restraints    
    3.6. Low adoption rate of tourniquet cuffs due to associated risk of infection
    3.7. Opportunity
    3.8. Emerging economies to offer sustained growth opportunities
    3.9. Porter’s Five Forces Analysis
    3.10. Regulatory Scenario
    3.11. Heat Map Analysis

4. Market Segmentation - By Product 
    4.1. Introduction 
    4.2. Global Tourniquet Systems Market Revenue, (US$ Mn), 2013–2023
    4.3. Global Tourniquet Cuffs Market Revenue, (US$ Mn), 2013–2023
          4.3.1. Global Disposable Cuffs Market Revenue, (US$ Mn), 2013–2023
          4.3.2. Global Reusable Cuffs Market Revenue, (US$ Mn), 2013–2023

5. Market Segmentation - By Application 
    5.1. Introduction 
    5.2. Global Arm Cuffs Market Revenue, (US$ Mn), 2013–2023
    5.3. Global Leg Cuffs Market Revenue, (US$ Mn), 2013–2023

6. Market Segmentation - By End User
    6.1. Introduction
    6.2. Global Hospitals Market Revenue, (US$ Mn), 2013–2023
    6.3. Global Physician/Clinic Market Revenue, (US$ Mn), 2013–2023
    6.4. Global Non-institutional Market Revenue, (US$ Mn), 2013–2023

7. Market Segmentation - By Region
    7.1. Introduction
    7.2. Global Tourniquet Market: Regional Overview
    7.3. North America Tourniquet Devices Market Overview
    7.4. US Tourniquet Market Overview
    7.5. Canada Tourniquet Market Overview
    7.6. Europe Tourniquet Market Overview
    7.7. Germany Tourniquet Market Overview
    7.8. UK Tourniquet Market Overview
    7.9. Rest of Europe Tourniquet Market Overview
    7.10. Asia Pacific Tourniquet Market Overview
    7.11. China Tourniquet Market Overview
    7.12. Japan Tourniquet Market Overview
    7.13. Rest of Asia Pacific Tourniquet Market Overview
    7.14. Rest of the World Tourniquet Market Overview
    7.15. Latin America Tourniquet Market Overview
    7.16. RoW Tourniquet Market Overview

8. Recommendations
    8.1. Invest in rigorous R&D initiatives
    8.2. Focus on developing economies
    8.3. Focus on inorganic growth through mergers and acquisitions

9. Company Profiles
    9.1. Delfi Medical Innovation, Inc.
    9.2. Hammarplast Medical AB
    9.3. Pyng Medical Corporation 
    9.4. Stryker Corporation
    9.5. ulrich Medical
    9.6. VBM Medizintechnik GmbH
    9.7. Zimmer Biomet Holdings, Inc.

List of Figures

FIG. 1 Market Segmentation:  Tourniquet Market
FIG. 2 Global Tourniquet Market, Estimates and Forecast, By Revenue, (US$ Mn), 2013–2023
FIG. 3 Global Tourniquet Market, by Product, (US$ Mn), 2014
FIG. 4 Global Tourniquet Market, by Application, (US$ Mn), 2014
FIG. 5 Global Tourniquet Market, by End-user, (US$ Mn), 2014
FIG. 6 Global Tourniquet Market, by Geography, 2014 and 2023 (Value %)
FIG. 7 Automatic Tourniquet Machine and Cuffs
FIG. 8 Porter’s Five Forces Analysis
FIG. 9 Global Tourniquet Systems Market Revenue, (US$ Mn), 2013–2023
FIG. 10 Global Tourniquet Cuffs Market Revenue, (US$ Mn), 2013–2023
FIG. 11 Global Disposable Cuffs Market Revenue, (US$ Mn), 2013–2023
FIG. 12 Global Reusable Cuffs Market Revenue, (US$ Mn), 2013–2023
FIG. 13 Global Arm Cuffs Market Revenue, (US$ Mn), 2013–2023
FIG. 14 Global Leg Cuffs Market Revenue, (US$ Mn), 2013–2023
FIG. 15 Global Hospitals End-user Market Revenue, (US$ Mn), 2013–2023
FIG. 16 Global Physician/Clinic End-user Market Revenue, (US$ Mn), 2013–2023
FIG. 17 Global Non-institutional End-user Market Revenue, (US$ Mn), 2013–2023
FIG. 18 U.S. Tourniquet Market Revenue, (US$ Mn), 2013–2023
FIG. 19 Canada Tourniquet Market Revenue, (US$ Mn), 2013–2023
FIG. 20 Germany Tourniquet Market Revenue, (US$ Mn), 2013–2023
FIG. 21 U.K. Tourniquet Market Revenue, (US$ Mn), 2013–2023
FIG. 22 Rest of Europe Tourniquet Market Revenue, (US$ Mn) , 2013–2023
FIG. 23 China Tourniquet Market Revenue, (US$ Mn), 2013–2023
FIG. 24 Japan Tourniquet Market Revenue, (US$ Mn), 2013–2023
FIG. 25 Rest of Asia Pacific Tourniquet Market Revenue, (US$ Mn), 2013–2023
FIG. 26 Latin America Tourniquet Market Revenue, (US$ Mn), 2013–2023
FIG. 27 Rest of the World (RoW) Tourniquet Market Revenue, (US$ Mn), 2013–2023
FIG. 28 Financial Details: (US$ Mn), 2012–2014
FIG. 29 Financial Details: (US$ Mn), 2012–2014
FIG. 30 Financial Details: (US$ Mn), 2012–2014

List of Tables

TABLE 1: Executive Summary: Tourniquet Market Snapshot
TABLE 2: Heat Map Analysis: Global Tourniquet Market, by Key Players
TABLE 3: Global Tourniquet Market Estimates and Forecast, by Product Type, (US$ Mn), 2013–2023
TABLE 4: Global Tourniquet Market, by Application, (US$ Mn), 2013–2023
TABLE 5: Global Tourniquet Market Estimates and Forecast, by End-user, (US$ Mn), 2013–2023
TABLE 6: Global Tourniquet Market Revenue, by Geography, (US$ Mn), 2013–2023
TABLE 7: North America Tourniquet Market, by Country, (US$ Mn), 2013–2023
TABLE 8: Europe Tourniquet Market, (US$ Mn), 2013–2023
TABLE 9: Asia Pacific Tourniquet Market, (US$ Mn), 2013–2023
TABLE 10: Rest of the World Tourniquet Market Revenue, (US$ Mn), 2013–2023

The report on tourniquet market analyzes the current and future scenario of the global market. Rapidly rising incidence of accidents, growing health care expenditure and demand for technological advanced devices are the major drivers for the tourniquet market. Rapid increase in the number of hospitals and research laboratories is another reason for the development of the tourniquet market.

The research is a robust combination of primary and secondary research. Primary research forms the bulk of our research efforts with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations and various international and national databases. The report provides market size in terms of US$ Mn for each segment for the period from 2014 to 2024, considering the macro and micro environmental factors. Growth rates for each segment within the global tourniquet market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.

The tourniquet market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market which is divided by product, application, end-user and geography. A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, and Porter’s Five Forces analysis providing a thorough analysis of the overall competitive scenario in the global tourniquet market.

Market revenue in terms of US$ Mn for the period between 2014 and 2024 along with the compound annual growth rate (CAGR %) from 2016 to 2024 are provided for all the segments, considering 2015 as the base year. Based on product, the tourniquet market has been segmented into tourniquet systems and tourniquet cuffs which is further segmented into disposable and reusable cuffs. Based on application, the tourniquet market has been segmented into arm and leg cuffs. Likewise, on the basis of end user, the tourniquet market has been segmented into hospitals, physician/clinics, and non-institutional. The market segments have been analyzed based on available approved products, cost-effectiveness, and preference for technologically advanced products by physicians and patients. The market size and forecast for each of these segments have been provided for the period from 2013 to 2023, along with their respective CAGRs for the forecast period from 2015 to 2023, considering 2014 as the base year.

Geographically, the tourniquet market has been categorized into four major regions and various key countries in those respective regions: North America (the U.S., Canada), Europe (the U.K., Germany, and Rest of Europe), Asia Pacific (Japan, China, and Rest of Asia Pacific), and Rest of the World (Latin America and rest of the World). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2013 to 2023, along with their respective CAGRs for the forecast period from 2015 to 2023, considering 2014 as the base year. Rapid increase of hospitalization and growing demand for tourniquet devices would positively impact the growth of tourniquet market globally.

The report also profiles major players in the global tourniquet market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major players profiled in this report include Zimmer Biomet Holdings, Inc., Delfi Medical Innovation, Inc., Hammarplast Medical AB, Pyng Medical Corporation, Stryker Corporation, ulrich Medical, and VBM Medizintechnik GmbH.

 The global tourniquet market has been segmented as follows:

Global Tourniquet Market, by Product

  • Tourniquet System
  • Tourniquet cuffs
    • Disposable
    • Reusable

Global Tourniquet Market, by Application

  • Arm cuffs
  • Leg cuffs

Global Tourniquet Market, by End-User

  • Hospitals
  • Physician/clinic
  • Non-institutional

Global Tourniquet Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Europe
    • Rest of Europe
  • Asia Pacific
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Rest of the World 


 
 
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