Press release
Tourniquet Cuffs Market 2024-2033: Future Outlook, Global Trends, Industry Share And Top Key Players
Tourniquet Cuffs Market
The Business Research Company presents an extensive market research report on the Tourniquet Cuffs Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The tourniquet cuffs market size has grown strongly in recent years. It will grow from $3.38 billion in 2023 to $3.63 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to rising frequency of slips, rising prevalence of lower limb injuries aids, increasing prevalence of traumatic injuries, increasing focus on patient safety, rise in military and defense applications.
The tourniquet cuffs market size is expected to see steady growth in the next few years. It will grow to $4.61 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to rising demand for joint replacement procedures, growing surgical procedures, advancements in healthcare infrastructure, increasing prevalence of chronic diseases, increasing awareness and training. Major trends in the forecast period include development of digital tourniquets, advancements in healthcare infrastructure, 3D printing technology.
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Key Market Players:
Major companies operating in the tourniquet cuffs market report are Stryker Corporation, Zimmer Biomet Holdings Inc., Smith & Nephew plc , Getinge Group AB , Fukuda Denshi Co. Ltd. , Aesculap AG, Ethicon Inc. , B. Braun Melsungen AG , ulrich medical, Rudolf Riester GmbH, Hammarplast Medical AB, Sam Medical, ME.BER. srl, Anetic Aid Ltd., C.A.T Resources, Covidien , Delfi Medical Innovations Inc. , Innovative Trauma Care Inc., Nouvag AG, OHK Medical Devices, Pyng Medical Corp., VBM Medizintechnik GmbH, Hill-Rom Holdings Inc., Premier Tourniquet Cuffs, AT4 Surgical Pneumatic Tourniquet, Maquet Holding B.V. & Co. KG, Terumo Corporation , Zhangjiagang Huaxin Medical Equipment Factory
Market Drivers:
The rising demand for joint replacement procedures is expected to propel the growth of the tourniquet cuff market going forward. A joint replacement procedure is a surgical procedure in which a surgeon removes a damaged joint and replaces it with a new, artificial part. Tourniquet cuffs are used in joint replacement procedures, particularly for hip and knee replacements, to allow for better visualization of anatomical structures, potentially improving surgical accuracy and reducing the risk of complications. For instance, in November 2023, according to the American Association of Hip and Knee Surgeons, a US-based organization for advancing hip and knee patient care, the total hip replacement procedures in the US increased by 3.8% from 737,503 in 2021 to 765,558 in 2021, and the total knee replacement procedures increased by 5.1% from 1,235,835 in 2021 to 1,299,084 in 2022. Therefore, the rising demand for joint replacement procedures is driving the growth of the tourniquet cuff market.
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https://www.thebusinessresearchcompany.com/report/tourniquet-cuffs-global-market-report
The tourniquet cuffs market covered in this report is segmented -
1) By Type: Reusable, Disposable
2) By Application: Arm Cuffs, Leg Cuffs
3) By End User: Hospitals, Clinics, Other End Users
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