Global Single Bladder Pneumatic Tourniquet Market, By Type (Single bladder, Double Bladder), tourniquet, Application (Orthopedic, Intravenous Regional Anesthesia (IVRA), Others)-Industry Trends and Forecast to 2029
Single Bladder Pneumatic Tourniquet Market Analysis and Size
The Association for Safe International Road Travel (ASIRT) estimates that every year on U.S. roads, approximately 38,000 people pass away and an additional 4.4 million suffer severe injuries. The growing prevalence of orthopaedic issues among the population as a result of insufficient physical activity and sedentary lifestyles are driving up demand for pneumatic tourniquets on a global scale. Additionally, the market is being stimulated by increasing demand for pneumatic tourniquets as well as the development of novel products by industry players.
Data Bridge Market Research analyses that the single bladder pneumatic tourniquet market which was USD 355.9 billion in 2021, would rocket up to USD 649.05 billion by 2029, and is expected to undergo a CAGR of 7.80% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market coverage, market players, and market scenario, the market report curated by the Data Bridge segments, geographical Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Single bladder, Double Bladder), tourniquet, Application (Orthopedic, Intravenous Regional Anesthesia (IVRA), Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Bohua Medical (China), Hpm (U.S.), Hangzhou Zhengda (China), DS MAREF (South Korea), Ulrich Medical (Germany), SMEF (India), Huifeng Medical (China), VBM (U.S.), AneticAid (U.K.), Hema Medical (U.S.), Zimmer Biomet (U.S.), D & D (U.S.), Stryker (U.S.)
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Market Opportunities
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Market Definition
Tourniquets are frequently employed in hospitals for orthopedic surgeries. These technologies are also widely employed since they can make an area of orthopedic surgery bloodless. This shortens the length of the procedure for the surgeons. Additionally, the device is used to immediately manage respiratory and airway problems during emergencies, such as severe limb amputations or limb hemorrhages with several bleeding points. Additionally, it provides more flexibility and dependability, which increases product demand.
Single Bladder Pneumatic Tourniquet Market Dynamics
Drivers
- Rise in number of accidents
Increasing the number of orthopedic and plastic surgeries is driving this market's growth. Moreover, a surge in accidental injuries further contributes to the growth of the market.
- Rise in corporate and public spending
Pneumatic tourniquets are mostly used to control bleeding in emergency situations, such as accidents, hence there is expected to be a rise in demand for them. Additionally, rising corporate and public spending on the construction of healthcare infrastructure in emerging nations is fuelling market expansion.
- Increase in respiratory diseases
The devices are also utilised to quickly treat respiratory and airway problems in emergencies such as severe limb amputations or limb haemorrhages with several bleeding points. Additionally, it provides more flexibility and dependability, which raises product demand.
- Increase in geriatric population
Orthopedic issues are more common in older people. The rising geriatric population could be a significant driver of market expansion for single bladder pneumatic tourniquets. Furthermore, significant increase will be ensured by the rising rates of diabetes and obesity. Additionally, the growing number of sports injuries among a sizeable portion of the world's population will offer tremendous growth potential.
Opportunities
- Increase in the number of research and development activities
In addition, rising research and development activities to develop advanced products will likely create lucrative market growth opportunities. The players engage in research and development activities. These efforts produce a wide range of strategies crucial for enhancing the single bladder pneumatic tourniquet market's growth possibilities. The players are currently concentrating on creating microcomputer-based pneumatic tourniquet systems. These systems include automated pressure control as well as other security measures.
- Strategic collaborations
Strategic partnerships are essential for the commercial expansion of pneumatic tourniquets. The market participants engage in mergers, acquisitions, joint ventures, and partnerships to expand their market share and, ultimately, the growth rate of the single bladder pneumatic tourniquet market. Increased production is another critical factor in the market expansion for single bladder pneumatic tourniquets.
Restraints/Challenges
Over the forecast period, the high expenses related to installing and maintaining this equipment may potentially restrain the worldwide market's revenue growth.
This single bladder pneumatic tourniquet market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the single bladder pneumatic tourniquet market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Single Bladder Pneumatic Tourniquet Market
COVID-19 had negatively impact on the market. However, due to lockdowns and other restrictions imposed by the relevant governing bodies in response to the recent COVID-19 outbreak, the activities of several industries have either temporarily ceased or are operating with a small workforce. Similar to other markets, the worldwide single bladder pneumatic tourniquet market is expected to experience a major decline in revenue growth as a result of this aspect.
Global Single Bladder Pneumatic Tourniquet Market Scope
The single bladder pneumatic tourniquet market is segmented on the basis of type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Single-bladder
- Double-bladder
Application
- Orthopedic
- Intravenous Regional Anesthesia (IVRA)
- Others
Single Bladder Pneumatic Tourniquet Market Regional Analysis/Insights
The single bladder pneumatic tourniquet market is analysed and market size insights and trends are provided by country, type, application as referenced above.
The countries covered in the single bladder pneumatic tourniquet market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the single bladder pneumatic tourniquet market due to the increasing geriatric population across the region, healthcare infrastructure, better reimbursement policies.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Single bladder pneumatic tourniquet Market Share Analysis
The single bladder pneumatic tourniquet market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to single bladder pneumatic tourniquet market.
Some of the major players operating in the single bladder pneumatic tourniquet market are:
- Bohua Medical (China)
- Hpm (U.S.)
- Hangzhou Zhengda (China)
- DS MAREF (South Korea)
- Ulrich Medical (Germany)
- SMEF (India)
- Huifeng Medical (China)
- VBM (U.S.)
- AneticAid (U.K.)
- Hema Medical (U.S.)
- Zimmer Biomet (U.S.)
- D & D (U.S.)
- Stryker (U.S.)
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