Pneumatic Tourniquet Market Expected to Reach US ~$652.09 Million and CAGR 7.2% by 2030
The global pneumatic tourniquet market size is expected to reach USD 652.09 million by 2030 according to a new study by Polaris Market Research.
Some of the prominent factors of the market are the rising occurrence of road accidents, as well as an escalating geriatric population that is more vulnerable to orthopedic problems is boosting the industry demand. Moreover, various government bodies are actively participating in encouraging orthopedic treatments is also creating various fruitful opportunities that cater to the industry demand in the approaching period around the world.
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Based on type, the single-bladder segment holds the largest revenue share in the global industry and is likely to dominate the industry in the estimated period. The segment presents standardized pressure control and compression that solely effectively works under skilled hands. Furthermore, numerous tourniquet cuffs include a single pneumatic bladder which is easily available in the industry, which, in turn, decreases pain after the surgery and presents improved clinical effectiveness.
On the other side, the double-bladder segment is the fastest-growing segment in the global industry owing to its exclusive design, which is purposely manufactured for intravenous regional anesthesia. Thereby, these characteristics of the segment provide greater comfort to the patients that may spur the pneumatic tourniquet industry demand.
Rising incidences of orthopedic problems majorly among geriatric people are positively influencing the industry growth. In addition, several factors such as the growing occurrence of obesity & diabetes as well as inadequate physical activities also lead to orthopedic problems. For instance, Agency for Healthcare Research and Quality claimed that more than 450,000 total hip replacements are annually performed in the U.S.
Also, the demand for knee arthroplasties is anticipated to grow by 673% by 2030, as per the Centers for Disease Control and Prevention (CDC). Furthermore, various governments are working to increase awareness and promote orthopedic healthcare services. For instance, the Canadian Institute for Health Information (CIHI) is enhancing its activities to be aware of the availability of hip and knee medical equipment. Therefore, these factors may create industry demand across the globe over the forecasting years.
Major participants such as VBM, DSMAREF Co. Ltd., Stryker, Anetic Aid, Ulrich Medical, and Zimmer Biomet are some of the key players operating in the global industry.
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Polaris Market Research has segmented the pneumatic tourniquet market report on the basis of type, application, and region:
Pneumatic Tourniquet, Type Outlook (Revenue – USD Million, 2018 – 2030)
- Single Bladder
- Double Bladder
Pneumatic Tourniquet, Application Outlook (Revenue – USD Million, 2018 – 2030)
- Orthopedic
- Intravenous Regional Anaesthesia
- Others
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