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IMF research predicts that the surgical tourniquet market will grow by approximately 8% CAGR through 2029, leading to an increase in the number of trauma cases over the years, along with an increasing demand for an effective device to prevent arterial hemorrhage surgical procedures. Analysts also expect automatic machines and robotic technologies to generate a paradigm shift in operating procedures, which deserve to drive brands to innovate their products and expand methods to attract and retain a new segment of customers.
Global sales of surgical tourniquets will increase 7. 5% year-over-year to ~$381 million in 2019, up from ~$355 million in 2018, according to the latest Future Market Insights (FMI) studies.
For hazards related to upper turnstile strains, brands rely on product inventions and the advent of new features, such as automatic voltage control, audio-visual alarms, virtual presentations, and the easy-to-use user interface.
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Surgical tourniquets have long been reliable in building a blood-free operating room for surgeons while maintaining a superior point of protection for patients. However, the threat of surgical infections and withers-related injuries, especially due to the application of higher stresses and higher deformation gradients to the patient, remains a potential threat to market expansion.
Sales of tourniquet bracelets will increase in 2019
According to IMF analysts, tourniquet bracelets have been a component of the modern computer-aided tourniquet system, which accounted for about 77% of overall market profits in 2018. While inflatable disposable bracelets accounted for more of the component of overall cross bracelet sales in 2018, the intake of reusable inflatable bracelets is expected to increase by up to 7. 6% in 2019.
“In terms of tourniquet systems, dual-channel systems will continue to represent a higher percentage compared to single-channel systems, with a view to allowing bilateral procedures or simultaneous surgeries of the upper and lower extremities,” the IMF analyst said.
Consumption of surgical tourniquets for knee replacement accounted for approximately 31% of sales in 2018, while the improved application in cases of amputation and limb trauma is expected to lead to an increase in the market share in the future.
“Recent advances in opposite shoulder arthroplasty, such as the advent of ‘custom’ tourniquet systems that enable the use of a variable contour design and cuffs for fast patients, will open up new avenues of expansion for market players,” said the IMF analyst.
Hospitals capture a part, North America at the forefront
In 2018, surgical tourniquets were sold for approximately $176 million in hospitals; According to IMF analysts, the growing number of hospitals, especially in emerging countries, and increased awareness of complex medical devices will continue to drive the use of surgical tourniquets in hospitals.
The immediate adoption of the “value-based” style in healthcare services has led to an increase in the number of outpatient surgery centers and specialty clinics, opening a new path of expansion for the surgical tourniquet market.
The IMF analyst predicts that North America will continue to be at the forefront of the surgical tourniquet market, accounting for 30% in 2018. Although North America will most likely be side-by-side with Europe to lead the market in the future, brands are exploiting new opportunities in the upcoming Asia-Pacific countries.
The surgical tourniquet market shows a point of fragmentation, with two leading players, joining Zimmer Biomet and Stryker Corporation, accounting for more than a third of the overall profit share. Exploring unmet desires in emerging regions and expanding their distribution through collaboration and acquisitions of local and regional brands are once again the main central themes of market players.
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Future Market Insights (market research organization qualified by ESOMAR and member of the Greater New York Chamber of Commerce) provides detailed information on the determinants that are increasing demand in the market. It shows opportunities that will drive market expansion into segments on the base of source, application, sales channel, and end-use over the next 10 years.
The post-surgical turnstile market that will grow at a CAGR of ~8% through 2029 made its first impression on Future Market Insights.