Increasing Number of Accidents and Emergency Surgeries to Augment Growth of Surgical Tourniquets Market

Surgical Tourniquets Market

 Surgical tourniquet is designed for short and long term application and can be used in conjunction with various skin grafting techniques for the correction of burn patients or any other medical wounds such as fractures and hernias. A tourniquet has both a cover and a clip for ease of application and removal after surgery. This ensures that you do not lose the protective cover of your surgical tourniquet in the post-operatory phase. It also has an adjustable pressure support band that can be adjusted according to the patient's need for immediate pressure support and relief from pain or swelling and can be used as an aid to the wound bed, dressing or underlying bones for the fast healing of these areas.

Market Dynamics

Increasing number of accidents is expected to propel growth of the surgical tourniquets market. For instance, according to National Crime Records Bureau, India, the rate of deaths per thousand vehicles in 2019 increased to 0.61 in 2019. 437,396 road accidents caused 154,732 deaths and injuries to 439,262 persons during 2019. Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.        

Increasing number of emergency surgeries is expected to offer lucrative growth opportunities for players in the global surgical tourniquets market. For instance, according to Australian Institute of Health and Welfare’s Hospitals at a glance 2017–18 report updated in August 2019, admissions for emergency surgery increased between 2016-2017 and 2017-2018 by 2.9% in public hospitals and by 5.1% in private hospitals in Australia. Moreover, increasing number of hospitals is also expected to aid in growth of the global surgical tourniquets market. For instance, according to the American Hospital Association, the total number of hospitals in the U.S. increased from 6200 in 2017 to 6210 in 2019.

However, use of a tourniquet in knee replacement surgery may increase the risk for serious adverse events and may be associated with higher postoperative pain. Such side effects are expected to hinder growth of the global surgical tourniquets market.

Competitive Analysis

Major players operating in the surgical tourniquets market include, Anetic Aid, Zimmer Biomet, Stryker Corporation, Hammarplast Medical AB, Delfi Medical Innovation, Ulrich Medical, Riester, Hangzhou Keyu, Medic Instrument, Bohua Medical, Pyng Medical Corporation, and Others.

Major players operating in the surgical tourniquets market are focused on adopting various marketing strategies to enhance their market share. For instance, in December 2020, Zimmer Biomet Holdings, Inc. announced to present its product portfolio at the 39th Annual J.P. Morgan Healthcare Conference.

Location: India

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