Tourniquet Market Studies Research Report 2023
View Report @ http://www.transparencymarketresearch.com/tourniquet-market.html
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.
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.
Get accurate market forecast and analysis on the Tourniquet Market. Request a sample to stay abreast on the key trends impacting this market.
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.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Tourniquet Market Studies Research Report 2023 here
News-ID: 684656 • Views: 292
More Releases from Transparency Market Research
High Purity Quartz Market - Global Industry Analysis, and Forecast 2030
Albany, NY - High Purity Quartz Market: Introduction The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,
Building-integrated Photovoltaics Market to Reach US$ 33 Bn by 2026
Albany, NY - The global building-integrated photovoltaics (BIPV) market was valued at around US$ 5 Bn in 2017 and is anticipated to expand at a CAGR of more than 23% from 2018 to 2026, according to a new research report titled 'Building-integrated Photovoltaics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018-2026,' published by Transparency Market Research (TMR). Building-integrated photovoltaics (BIPV) is a technology that integrates solar
Biochar Market To Reach US$14,751.8 thousand by 2025
Albany, NY - As reported by Transparency Market Research (TMR), the global biochar market features a highly competitive landscape with the presence of numerous market players striving to expand their revenue share. Prominent players in the biochar market include Full Circle Biochar, Genesis Industries LLC, Cool Planet Energy Systems, Earth Systems Bioenergy, and Agri-Tech Producers. These companies are emphasizing on investment in pyrolysis technology and diversifying product applications to gain
Shoe Packaging Market Extensively Used By The Majority Of Industries Forecast 20 …
Changing styles and fashion preferences of consumers are deeply observed by globally manufacturers of apparels and footwear. Shoemaking companies and retailers, both, are observing consumers' behavioral economics to decide the packages in which these footwear should be put for sale. Shoe packages are of vital importance while transporting shoes down the distribution network. Their ability to protect and store cannot be compromised as faulty packaging can damage volumes of shoes,
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the