Market Industry Reports (MIR) has published a new report titled “Tourniquet Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global tourniquet market accounted for over US$ 345 million in 2019. It is anticipated to grow at a CAGR of 7.8% from 2020 to 2030.
The increasing number of road accidents worldwide is among the primary factors driving growth of the tourniquet market. According to the 2018 annual report on “Reported road casualties in Great Britain,” in 2016, there were around 24,101 casualties reporting serious injuries from road traffic accidents and the number increased to 25,511 in 2018. Moreover, the increasing cases of patients that require orthopedic surgeries, such as knee replacements, and Anterior Cruciate Ligament (ACL) reconstruction surgeries, will further drive market growth. According to the 2018 annual meeting of the American Association of Orthopaedic Surgeons (AAOS), by 2030, the total knee replacements will increase by 189 percent. Tourniquets are widely used in orthopedic surgeries to minimize intraoperative blood loss, provide a clear operating field, and to obtain drier bone surfaces for better interdigitation of bone cement.
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Top Players Tourniquet Market:
Zimmer Biomet, ulrich GmbH & Co. KG, Stryker, Delfi Medical, VBM Medizintechnik GmbH, Pyng Medical, Huaxin Medical Equipment Factory, Hammarplast Medical AB, CAT Resources, LLC, and SAM Medical, among others.
Industry Insights:
The industrial research report on ‘Tourniquet Market’ offers in depth analysis on the crucial factors like market share, size, growth factors, drivers, and challenges. The report delivers actionable insights on these factors to help the business players, manufacturers, and marketing executives to plan operational strategies for the forecast period 2020 – 2025. Market Industry Reports also studies the market from 360 degree perspective to offer other impactful factors, such as restraints, ongoing trends, market strengths and weaknesses, and the external factors like government regulations.
In addition to these factors, the report also delivers details on the impact of the ongoing pandemic of COVID-19 on the market. Experts have studied different segments of the industry to offer the crucial impacting domains like production, supply and delivery, technological improvements, change in consumer demand, pricing factors, and others. This also includes the influence on the overall healthcare industry, on the global scale. Thorough analysis on the COVID affected market is also well-explained by the researchers that highlights key opportunities and threats for the business owners and producers after the end of pandemic.
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Major Types of Tourniquet covered are:
Tourniquet Systems,
Tourniquet Cuffs,
and Tourniquet Accessories
Major Applications of Tourniquet covered are:
Lower-Limb and
Upper-Limb
Market Segmentation:
The report is further divided into key categories including product type, applications, end users, and geography. These categories are further divided into sub-segments to offer clearer picture of the market to the readers. Every segment is well-studied and examined by the researchers to offer impactful information to the buyers, manufacturers, and the industry vendors, which will assist them in understanding the consumers’ demand more accurately, planning key policies for future, and growth strategies for near future.
Region-wise Analysis:
Experts have divided the Tourniquet Market in key regions including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Geographic information also includes factors like demographic details, list of industry players in the regions, highly demanded products, key application segments, and details on consumers buying behavior. Demographic information like income, gender, age, and family is offered that will help the manufacturers to plan their production accordingly without compromising on wastage and considering optimal use of resources.
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This Tourniquet market report holds answers to some important questions like:
1. What is the size of occupied by the prominent leaders for the forecast period, 2020 – 2030? What will be the share and the growth rate of the Tourniquet market during the forecast period?
2. What are the future prospects for the Tourniquet industry in the coming years?
Which trends are likely to contribute to the development rate of the industry during the forecast period, 2020 – 2030?
3. What are the future prospects of the Tourniquet industry for the forecast period, 2020 to 2030?
4. Which countries are expected to grow at the fastest rate?
5. Which factors have attributed to an increased sale worldwide?
6. What is the present status of competitive development?
Table of Content
1 Introduction of Tourniquet Market
1.1 Industry Overview
1.2 Scope of the Report
1.3 Assumptions
2 Executive Summary
3 Research Framework by Market Industry Reports
3.1 Data Mining
3.2 Data Validation
3.3 Primary Interviews
3.4 Data Sources List
4 Tourniquet Market Overview
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Limitations
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Tourniquet Market, By Product Type
Overview of Tourniquet Market
6 Tourniquet Market, By Application
Overview of Tourniquet Market
7 Tourniquet Market, By End User
Overview of Tourniquet Market
8 Tourniquet Market, By Geography
8.1 North America
8.2 Europe
8.3 Asia -Pacific
8.4 Latin America
8.5 Middle East and Africanters
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