Abstract
Summary
Global Surgical Tourniquets Market is valued approximately USD 444.5 million in 2023 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2024-2031. Surgical tourniquets are used during accidents for averting death caused as a result of blood loss. Tourniquets are broadly applicable in orthopedic surgeries, limb surgeries and even in plastic surgeries. The Surgical Tourniquets market is expanding because of factors such as rising incidence of road accidents and growing geriatric population.
Surgical tourniquets are often required whenever there is a medical surgery being performed. Its prevalence has progressively increased during the last few decades. According to the Statista On the Indian subcontinent, traffic accidents have been a major source of concern. The nation reported about 132 thousand fatalities from traffic accidents in 2022. Moreover, 3 to 5 % of the nation's GDP is spent on traffic accidents annually.it also accounted for about 6% of the global road traffic incidents. Almost 70% of the accidents involved young Indians. Furthermore, geriatric, and obese populations are predisposed to chronic diseases. According to the World Bank Group, the world old population was 727 million in 2022, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. Another important component driving space growing demand for tourniquets in military medical applications. In 2023, 3.5% of all people in the United States were covered through military health care. In addition, in 2022, the U.S. government spent more on healthcare than any other country, at 16.8 % of GDP. In the same year, U.S. military expenditure was 3.7% of GDP. This statistic shows the healthcare and military expenditure as a percentage of GDP in select countries in 2022. However, lack of skilled professionals’ stifles market growth throughout the forecast period of 2024-2031.
The key regions considered for the Global Surgical Tourniquets Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the owing to the enormous rise in the number of road crashes and improvement observed in the emergency medical treatment. According to the Statista, Revenue in the Medical Devices segment in the United States is projected to reach USD 163.70 billion in 2025.The market's largest segment is Cardiology Devices with a projected market volume of USD 22.47 billion in 2025.Furthermore, Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, an increasing number of joint replacement surgeries, and active participation of government and nonprofit organizations in the market space.
Major market player included in this report are:
Zimmer Biomet
Stryker Corporation
Delfi Medical Innovation
Hammarplast Medical
VBM Medizintechnik
Ulrich Medical
Pyng Medical (Part of Teleflex)
OHK Medical Devices
Huaxin Medical Equipment Factory
Sam Medical
Recent Developments in the Market:
In Jan 2025, Zimmer Biomet Holdings, Inc. announced a definitive agreement to acquire Embody, Inc., a privately held medical device company focused on soft tissue healing, for $155 million at closing and up to an additional $120 million subject to achieving future regulatory and commercial milestones over a three-year period. The acquisition is expected to be accretive to overall revenue growth and slightly dilutive to adjusted earnings per share in 2025.
Global Surgical Tourniquets Market Report Scope:
Historical Data 2021-2022-2023
Base Year for Estimation 2023
Forecast period 2024-2031
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, Type, End user, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Tourniquets Systems
Tourniquets Cuffs
Tourniquets Accessories
By Application:
Lower-Limb Surgery
Upper-Limb Surgery
By End-User:
Hospitals and Trauma Centers
Ambulatory Surgery Centers
Military
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Table of Contents
1 Executive Summary
1.1 Market Snapshot
1.2 Global & Segmental Market Estimates & Forecasts, 2021-2031 (USD Million)
1.2.1 Surgical Tourniquets Market, by Region, 2021-2031 (USD Million)
1.2.2 Surgical Tourniquets Market, by Type, 2021-2031 (USD Million)
1.2.3 Surgical Tourniquets Market, by Application, 2021-2031 (USD Million)
1.2.4 Surgical Tourniquets Market, by End User, 2021-2031 (USD Million)
1.3 Key Trends
1.4 Estimation Methodology
1.5 Research Assumption
2 Global Surgical Tourniquets Market Definition and Scope
2.1 Objective of the Study
2.2 Market Definition & Scope
2.2.1 Scope of the Study
2.2.2 Industry Evolution
2.3 Years Considered for the Study
2.4 Currency Conversion Rates
3 Global Surgical Tourniquets Market Dynamics
3.1 Surgical Tourniquets Market Impact Analysis (2021-2031)
3.1.1 Market Drivers
- 3.1.1.1 Rising incidence of road accidents
- 3.1.1.2 Growing Geriatric Population
3.1.2 Market Challenges
- 3.1.2.1 Lack of skilled professionals
3.1.3 Market Opportunities
- 3.1.3.1 Growing demand for tourniquets in military medical applications
4 Global Surgical Tourniquets Market Industry Analysis
4.1 Porter’s 5 Force Model
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitutes
4.1.5 Competitive Rivalry
4.2 Futuristic Approach to Porter’s 5 Force Model (2021-2031)
4.3 PEST Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.4 Top investment opportunity
4.5 Top winning strategies
4.6 Industry Experts Prospective
4.7 Analyst Recommendation & Conclusion
5 Risk Assessment: COVID-19 Impact
5.1 Assessment of the overall impact of COVID-19 on the industry
5.2 Pre COVID-19 and post COVID-19 Market scenario
6 Global Surgical Tourniquets Market, by Type
6.1 Market Snapshot
6.2 Global Surgical Tourniquets Market by Type, Performance - Potential Analysis
6.3 Global Surgical Tourniquets Market Estimates & Forecasts by Type 2021-2031 (USD Million)
6.4 Surgical Tourniquets Market, Sub Segment Analysis
6.4.1 Tourniquet Systems
6.4.2 Tourniquet Cuffs
6.4.3 Tourniquet Accessories
7 Global Surgical Tourniquets Market, by Application
7.1 Market Snapshot
7.2 Global Surgical Tourniquets Market by Application, Performance - Potential Analysis
7.3 Global Surgical Tourniquets Market Estimates & Forecasts by Application 2021-2031 (USD Million)
7.4 Surgical Tourniquets Market, Sub Segment Analysis
7.4.1 Lower-Limb Surgery
7.4.2 Upper-Limb Surgery
8 Global Surgical Tourniquets Market, by End User
8.1 Market Snapshot
8.2 Global Surgical Tourniquets Market by End User, Performance - Potential Analysis
8.3 Global Surgical Tourniquets Market Estimates & Forecasts by End User 2021-2031 (USD Million)
8.4 Surgical Tourniquets Market, Sub Segment Analysis
8.4.1 Hospitals and Trauma Centres
8.4.2 Ambulatory Surgery Centres
8.4.3 Military
8.4.4 Others
9 Global Surgical Tourniquets Market, Regional Analysis
9.1 Surgical Tourniquets Market, Regional Market Snapshot
9.2 North America Surgical Tourniquets Market
9.2.1 U.S. Surgical Tourniquets Market
- 9.2.1.1 Type breakdown estimates & forecasts, 2021-2031
- 9.2.1.2 Application breakdown estimates & forecasts, 2021-2031
- 9.2.1.3 End User breakdown estimates & forecasts, 2021-2031
9.2.2 Canada Surgical Tourniquets Market
9.3 Europe Surgical Tourniquets Market Snapshot
9.3.1 U.K. Surgical Tourniquets Market
9.3.2 Germany Surgical Tourniquets Market
9.3.3 France Surgical Tourniquets Market
9.3.4 Spain Surgical Tourniquets Market
9.3.5 Italy Surgical Tourniquets Market
9.3.6 Rest of Europe Surgical Tourniquets Market
9.4 Asia-Pacific Surgical Tourniquets Market Snapshot
9.4.1 China Surgical Tourniquets Market
9.4.2 India Surgical Tourniquets Market
9.4.3 Japan Surgical Tourniquets Market
9.4.4 Australia Surgical Tourniquets Market
9.4.5 South Korea Surgical Tourniquets Market
9.4.6 Rest of Asia Pacific Surgical Tourniquets Market
9.5 Latin America Surgical Tourniquets Market Snapshot
9.5.1 Brazil Surgical Tourniquets Market
9.5.2 Mexico Surgical Tourniquets Market
9.5.3 Rest of Latin America Surgical Tourniquets Market
9.6 Rest of The World Surgical Tourniquets Market
10 Competitive Intelligence
10.1 Top Market Strategies
10.2 Company Profiles
10.2.1 Zimmer Biomet
- 10.2.1.1 Key Information
- 10.2.1.2 Overview
- 10.2.1.3 Financial (Subject to Data Availability)
- 10.2.1.4 Product Summary
- 10.2.1.5 Recent Developments
10.2.2 Stryker Corporation
10.2.3 Delfi Medical Innovation
10.2.4 Hammarplast Medical
10.2.5 VBM Medizintechnik
10.2.6 Ulrich Medical
10.2.7 Pyng Medical (Part of Teleflex)
10.2.8 OHK Medical Devices
10.2.9 Huaxin Medical Equipment Factory
10.2.10 Sam Medical
11 Research Process
11.1 Research Process
11.1.1 Data Mining
11.1.2 Analysis
11.1.3 Market Estimation
11.1.4 Validation
11.1.5 Publishing
11.2 Research Attributes
11.3 Research Assumption