Tag Archives: Tourniquet Market

Tourniquet Market Segment Forecasts up to 2023, Research Reports- TransparencyMarketResearch

The global tourniquet market is characterized by the rising popularity of disposable tourniquet cuffs as concerns regarding bacterial infections from the use of reusable cuffs gather momentum. Despite having the advantage of durability and low cost, the segment of reusable tourniquet cuffs is expected to lose to disposable cuffs over 2015 to 2023.

This highly dynamic and competitive market features the presence of a large number of tourniquet suppliers. The market is driven by the demand for technologically advanced devices. Increased attempts from companies to introduce innovative products, such as the A.T.S.3000 manufactured by Zimmer Biomet Holdings, Inc., are expected to intensify the competition further, states TMR in a recent report. The top vendors in the market, Zimmer Biomet Holdings, Inc. and Stryker Corporation have their operations in North America, leading to a saturated marketplace.

This 75 page report gives readers a comprehensive overview of the Tourniquet Market. Browse through 10 data tables and 30 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/pressrelease/tourniquet-market.htm

Rising Number of Road Accidents Uphold Need for Tourniquet Systems in Emergency Healthcare Services

Besides industrial accidents, slips, and falls, road accidents are one of the most common causes of serious limb injuries across the world. The WHO states that in 2013, nearly 1.24 mn people died worldwide due to road accidents. Moreover, several millions suffer serious fractures and limb injuries from road accidents every year across the world. The WHO also mentions in a report that only 28 countries in the world, accounting for a mere 7% of the world’s population, have comprehensive and well defined road safety laws.

Lenient countries are thus highly susceptible to witnessing an increased number of accidents triggered by risk factors such as drinking and driving, speeding, and failure to use motorcycle helmets. The rising numbers of consumer vehicles entering the roads every year, especially in developing countries, also leverage the risk of road accidents in the absence of proper traffic rules and regulations.

As tourniquets form one of the first lines of treatment for emergency orthopedic injuries and accident patients, the rising numbers of road accidents will require an increased number of tourniquets in hospitals and other healthcare settings over the future. Developing countries in Asia Pacific, in a bid to improve their healthcare infrastructures and enhance the management of accident cases, will be the leading consumers of tourniquets.

Rising Healthcare Expenditures to Boost Increased Inclusion of Tourniquets at Healthcare Facilities

Rising healthcare expenditures across developed and developing countries is also boosting the demand for tourniquets across hospitals and trauma centers. The Centers for Medicare & Medicaid Services revealed that healthcare spending in the U.S. increased from 3.6% in 2013 to 5% in 2014.

Developing countries such as India, China, and Philippines are witnessing financial support from their respective governments and provisions for enhancing healthcare services to the populations.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Tourniquet Market during 2015 – 2023: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11627

North America is presently the leading regional market for the tourniquet market; it accounted for a dominant 53.3% share in the global market in 2014. A huge rise in road accidents and excellent healthcare facilities, combined with the presence of two of the world’s leading tourniquet device and systems manufacturers have worked in favor of the regional market. However, Asia Pacific will lead to the most lucrative growth opportunities for the global tourniquet market, which will exhibit a 9.9% CAGR from 2015 to 2023 in the region.

The market had an opportunity worth US$184.6 mn in 2014 and is expected to expand at a healthy 9.3% CAGR from 2015 to 2023, and rise to US$408.6 mn by 2023. Hospitals emerged as the largest end-users of tourniquet systems and cuffs in 2014, accounting for a massive 73.3% share in the global market.

The analysis has been drawn from a recent market research report published by Transparency Market Research, titled “Tourniquet Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

 

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Tourniquet Market Worldwide Market Shares, Strategies, and Forecasts 2015 to 2023

The global tourniquet market is characterized by the rising popularity of disposable tourniquet cuffs as concerns regarding bacterial infections from the use of reusable cuffs gather momentum. Despite having the advantage of durability and low cost, the segment of reusable tourniquet cuffs is expected to lose to disposable cuffs over 2015 to 2023.

This highly dynamic and competitive market features the presence of a large number of tourniquet suppliers. The market is driven by the demand for technologically advanced devices. Increased attempts from companies to introduce innovative products, such as the A.T.S.3000 manufactured by Zimmer Biomet Holdings, Inc., are expected to intensify the competition further, states TMR in a recent report. The top vendors in the market, Zimmer Biomet Holdings, Inc. and Stryker Corporation have their operations in North America, leading to a saturated marketplace.

This 75 page report gives readers a comprehensive overview of the Tourniquet Market. Browse through 10 data tables and 30 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/pressrelease/tourniquet-market.htm

Rising Number of Road Accidents Uphold Need for Tourniquet Systems in Emergency Healthcare Services

Besides industrial accidents, slips, and falls, road accidents are one of the most common causes of serious limb injuries across the world. The WHO states that in 2013, nearly 1.24 mn people died worldwide due to road accidents. Moreover, several millions suffer serious fractures and limb injuries from road accidents every year across the world. The WHO also mentions in a report that only 28 countries in the world, accounting for a mere 7% of the world’s population, have comprehensive and well defined road safety laws.

Lenient countries are thus highly susceptible to witnessing an increased number of accidents triggered by risk factors such as drinking and driving, speeding, and failure to use motorcycle helmets. The rising numbers of consumer vehicles entering the roads every year, especially in developing countries, also leverage the risk of road accidents in the absence of proper traffic rules and regulations.

As tourniquets form one of the first lines of treatment for emergency orthopedic injuries and accident patients, the rising numbers of road accidents will require an increased number of tourniquets in hospitals and other healthcare settings over the future. Developing countries in Asia Pacific, in a bid to improve their healthcare infrastructures and enhance the management of accident cases, will be the leading consumers of tourniquets.

Rising Healthcare Expenditures to Boost Increased Inclusion of Tourniquets at Healthcare Facilities

Rising healthcare expenditures across developed and developing countries is also boosting the demand for tourniquets across hospitals and trauma centers. The Centers for Medicare & Medicaid Services revealed that healthcare spending in the U.S. increased from 3.6% in 2013 to 5% in 2014.

Developing countries such as India, China, and Philippines are witnessing financial support from their respective governments and provisions for enhancing healthcare services to the populations.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Tourniquet Market during 2015 – 2023: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11627

North America is presently the leading regional market for the tourniquet market; it accounted for a dominant 53.3% share in the global market in 2014. A huge rise in road accidents and excellent healthcare facilities, combined with the presence of two of the world’s leading tourniquet device and systems manufacturers have worked in favor of the regional market. However, Asia Pacific will lead to the most lucrative growth opportunities for the global tourniquet market, which will exhibit a 9.9% CAGR from 2015 to 2023 in the region.

The market had an opportunity worth US$184.6 mn in 2014 and is expected to expand at a healthy 9.3% CAGR from 2015 to 2023, and rise to US$408.6 mn by 2023. Hospitals emerged as the largest end-users of tourniquet systems and cuffs in 2014, accounting for a massive 73.3% share in the global market.

The analysis has been drawn from a recent market research report published by Transparency Market Research, titled “Tourniquet Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

 

Presence of Top Vendors and Spike in Road Accidents to Make North America Leading Tourniquet Market

According to a new market report published by Transparency Market Research “Tourniquet Market – (By Product – Tourniquet Systems, Tourniquet Cuffs; By Application – Arm Cuffs, Leg cuffs; By End-Users: Hospitals, Physician/Clinic, Non-institutional) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023” the global tourniquet market was valued at US$ 184.6 Mn in 2014 and is estimated to reach US$ 408.6 Mn by 2023 at a CAGR of 9.3% from 2015 to 2023.

 Tourniquet device is a medical equipment which checks excessive bleeding from the affected body part by compressing the blood vessels and nerves. Tourniquet has been identified as one of the most reasonable options for controlling hemorrhages. User-friendly design, durability and low cost are some of the prime factors which increases the demand for tourniquet devices in hospitals and clinics. Increasing incidence of orthopedic injuries, military war injuries, and growing hospital admissions for surgeries are boosting the growth of the tourniquet market.

 Read Full Report: http://www.transparencymarketresearch.com/pressrelease/tourniquet-market.htm

 The global tourniquet market has been segmented into four major regions: North America, Europe, Asia Pacific, and Rest of the World, which are further categorized into various countries under each region. North America accounted for the largest market for the global tourniquet market in 2014. Dominance of North America has been attributed to increasing incidence of accidents which leads to serious limb injuries. The use of disposable tourniquet cuffs are on the rise in North America due to the product’s lower price and lesser risk of contamination. In addition, technological advancement associated with tourniquet system and cuffs would have a positive impact on the growth of the tourniquet market. North America comprises Canada and the U.S. North America was the largest market for tourniquet in 2014 primarily due to increasing incidence of road accidents leading to traumatic injuries and rapid introduction of advanced tourniquet devices. Furthermore, major players such as Zimmer Biomet and Stryker Corporation are based in North America. This is likely to boost market growth in the region.

 Europe is the second largest market for global tourniquet market in 2014 due to increasing geriatric population undergoing surgeries, high awareness about available tourniquet cuffs, and favorable reimbursement policies. Germany has the largest market share of Europe tourniquet market due to improved health care infrastructure and a developed medical technology market. Factors attributed to the rapid growth of the tourniquet market in Europe are growing trend toward adoption of disposable tourniquet cuffs and increasing incidence of traffic-related injuries, sports injuries, and occupational injuries. The forecast reveals that countries in rest of the Europe would expand at the fastest CAGR during the forecast period.

 Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11627

 Asia Pacific was the third largest market for tourniquet devices in 2014, and is anticipated to grow at the highest CAGR during the forecast period. Emerging markets in Asia Pacific hold immense growth potential due to factors such as rise in road accidents, increase in the prevalence of limb surgeries, growing health care expenditure, and improving health care infrastructure. For instance, according to the Central Bureau of Health Intelligence (India), the number of government hospitals in India has increased since year 2000 which is a strong reason for promising growth of the market in Asia Pacific region. Growth in medical tourism and market saturation from North America and Europe is one of the major factors for the increasing demand for tourniquet devices. China was the largest market for tourniquets in Asia Pacific. Presence of large population suffering from orthopedic injuries in countries such as Japan, China, and India adds to the large patient pool. This in turn increases the number of tourniquet cuffs used in surgeries.

 The global tourniquet market exhibits intense competition among the existing players. The market is consolidated, characterized by the presence of few established companies. Major players operating in the global tourniquet market are Zimmer Biomet Holdings, Inc., Stryker Corporation, Delfi Medical Innovation, Inc., Hammarplast Medical AB, Pyng Medical Corporation, ulrich Medical, and VBM Medizintechnik GmbH.

 

Presence of Top Vendors and Spike in Road Accidents to Make North America Leading Tourniquet Market

According to a new market report published by Transparency Market Research “Tourniquet Market – (By Product – Tourniquet Systems, Tourniquet Cuffs; By Application – Arm Cuffs, Leg cuffs; By End-Users: Hospitals, Physician/Clinic, Non-institutional) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023” the global tourniquet market was valued at US$ 184.6 Mn in 2014 and is estimated to reach US$ 408.6 Mn by 2023 at a CAGR of 9.3% from 2015 to 2023.

Tourniquet device is a medical equipment which checks excessive bleeding from the affected body part by compressing the blood vessels and nerves. Tourniquet has been identified as one of the most reasonable options for controlling hemorrhages. User-friendly design, durability and low cost are some of the prime factors which increases the demand for tourniquet devices in hospitals and clinics. Increasing incidence of orthopedic injuries, military war injuries, and growing hospital admissions for surgeries are boosting the growth of the tourniquet market.

Read Full Report: http://www.transparencymarketresearch.com/pressrelease/tourniquet-market.htm

The global tourniquet market has been segmented into four major regions: North America, Europe, Asia Pacific, and Rest of the World, which are further categorized into various countries under each region. North America accounted for the largest market for the global tourniquet market in 2014. Dominance of North America has been attributed to increasing incidence of accidents which leads to serious limb injuries. The use of disposable tourniquet cuffs are on the rise in North America due to the product’s lower price and lesser risk of contamination. In addition, technological advancement associated with tourniquet system and cuffs would have a positive impact on the growth of the tourniquet market. North America comprises Canada and the U.S. North America was the largest market for tourniquet in 2014 primarily due to increasing incidence of road accidents leading to traumatic injuries and rapid introduction of advanced tourniquet devices. Furthermore, major players such as Zimmer Biomet and Stryker Corporation are based in North America. This is likely to boost market growth in the region.

Europe is the second largest market for global tourniquet market in 2014 due to increasing geriatric population undergoing surgeries, high awareness about available tourniquet cuffs, and favorable reimbursement policies. Germany has the largest market share of Europe tourniquet market due to improved health care infrastructure and a developed medical technology market. Factors attributed to the rapid growth of the tourniquet market in Europe are growing trend toward adoption of disposable tourniquet cuffs and increasing incidence of traffic-related injuries, sports injuries, and occupational injuries. The forecast reveals that countries in rest of the Europe would expand at the fastest CAGR during the forecast period.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11627

Asia Pacific was the third largest market for tourniquet devices in 2014, and is anticipated to grow at the highest CAGR during the forecast period. Emerging markets in Asia Pacific hold immense growth potential due to factors such as rise in road accidents, increase in the prevalence of limb surgeries, growing health care expenditure, and improving health care infrastructure. For instance, according to the Central Bureau of Health Intelligence (India), the number of government hospitals in India has increased since year 2000 which is a strong reason for promising growth of the market in Asia Pacific region. Growth in medical tourism and market saturation from North America and Europe is one of the major factors for the increasing demand for tourniquet devices. China was the largest market for tourniquets in Asia Pacific. Presence of large population suffering from orthopedic injuries in countries such as Japan, China, and India adds to the large patient pool. This in turn increases the number of tourniquet cuffs used in surgeries.

The global tourniquet market exhibits intense competition among the existing players. The market is consolidated, characterized by the presence of few established companies. Major players operating in the global tourniquet market are Zimmer Biomet Holdings, Inc., Stryker Corporation, Delfi Medical Innovation, Inc., Hammarplast Medical AB, Pyng Medical Corporation, ulrich Medical, and VBM Medizintechnik GmbH.

 

Tourniquet Market is expected to rise to US$408.6 mn by 2023

According to a new market report published by Transparency Market Research “Tourniquet Market – (By Product – Tourniquet Systems, Tourniquet Cuffs; By Application – Arm Cuffs, Leg cuffs; By End-Users: Hospitals, Physician/Clinic, Non-institutional) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2023” the global tourniquet market was valued at US$ 184.6 Mn in 2014 and is estimated to reach US$ 408.6 Mn by 2023 at a CAGR of 9.3% from 2015 to 2023.

Tourniquet device is a medical equipment which checks excessive bleeding from the affected body part by compressing the blood vessels and nerves. Tourniquet has been identified as one of the most reasonable options for controlling hemorrhages. User-friendly design, durability and low cost are some of the prime factors which increases the demand for tourniquet devices in hospitals and clinics. Increasing incidence of orthopedic injuries, military war injuries, and growing hospital admissions for surgeries are boosting the growth of the tourniquet market.

Read Full Report: http://www.transparencymarketresearch.com/pressrelease/tourniquet-market.htm

The global tourniquet market has been segmented into four major regions: North America, Europe, Asia Pacific, and Rest of the World, which are further categorized into various countries under each region. North America accounted for the largest market for the global tourniquet market in 2014. Dominance of North America has been attributed to increasing incidence of accidents which leads to serious limb injuries. The use of disposable tourniquet cuffs are on the rise in North America due to the product’s lower price and lesser risk of contamination. In addition, technological advancement associated with tourniquet system and cuffs would have a positive impact on the growth of the tourniquet market. North America comprises Canada and the U.S. North America was the largest market for tourniquet in 2014 primarily due to increasing incidence of road accidents leading to traumatic injuries and rapid introduction of advanced tourniquet devices. Furthermore, major players such as Zimmer Biomet and Stryker Corporation are based in North America. This is likely to boost market growth in the region.

Europe is the second largest market for global tourniquet market in 2014 due to increasing geriatric population undergoing surgeries, high awareness about available tourniquet cuffs, and favorable reimbursement policies. Germany has the largest market share of Europe tourniquet market due to improved health care infrastructure and a developed medical technology market. Factors attributed to the rapid growth of the tourniquet market in Europe are growing trend toward adoption of disposable tourniquet cuffs and increasing incidence of traffic-related injuries, sports injuries, and occupational injuries. The forecast reveals that countries in rest of the Europe would expand at the fastest CAGR during the forecast period.

Download exclusive Sample of this Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11627

Asia Pacific was the third largest market for tourniquet devices in 2014, and is anticipated to grow at the highest CAGR during the forecast period. Emerging markets in Asia Pacific hold immense growth potential due to factors such as rise in road accidents, increase in the prevalence of limb surgeries, growing health care expenditure, and improving health care infrastructure. For instance, according to the Central Bureau of Health Intelligence (India), the number of government hospitals in India has increased since year 2000 which is a strong reason for promising growth of the market in Asia Pacific region. Growth in medical tourism and market saturation from North America and Europe is one of the major factors for the increasing demand for tourniquet devices. China was the largest market for tourniquets in Asia Pacific. Presence of large population suffering from orthopedic injuries in countries such as Japan, China, and India adds to the large patient pool. This in turn increases the number of tourniquet cuffs used in surgeries.

The global tourniquet market exhibits intense competition among the existing players. The market is consolidated, characterized by the presence of few established companies. Major players operating in the global tourniquet market are Zimmer Biomet Holdings, Inc., Stryker Corporation, Delfi Medical Innovation, Inc., Hammarplast Medical AB, Pyng Medical Corporation, ulrich Medical, and VBM Medizintechnik GmbH.