Tourniquets Market is expected to grow at 8.20% CAGR over the forecast period; Rising Prevalence of chronic diseases to Propel Market Growth

Published Date: March 2024

Tourniquets is a medical device used to control bleeding by compressing a limb or extremity. It is typically used in emergency situations, such as in trauma, surgery, or accidents, to prevent excessive blood loss and potentially save a person's life. Tourniquets can be made of various materials, including elastic, cloth, or rubber. They are applied to the affected limb or extremity, typically above the site of bleeding, and tightened to a degree that will restrict blood flow but not completely cut off circulation

Wide applications of Tourniquets in emergency medicines, surgery to military, law enforcement, sports medicine, veterinary medicine, industrial settings and remote medicine that has become a key factor in target market growth. Rapid growth of Tourniquets has been driven by a combination of increased awareness of the importance of hemorrhage control, advances in tourniquet design and rise in trauma incidents that has further facilitated the demand for Tourniquets Market growth.

The report “Tourniquets Market, By Type (Buckle, Manual, and Electronic), By Application (Hospitals, Clinics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

  • In March 2022, members of the Open Dialogue Foundation team launched a prototype tactical tourniquet under the supervision of experts from the US Special Forces. The tourniquet is almost four times more affordable per unit than the competition.
  • In September 2022, Boon Edam launched “BE Secure” new tourniquet with secure aerial detection system for use with turnlock full-height torniquets. This novel approach is intended exclusively for the identification and avoidance of connections within the reach of Boon Edam's full-height tourniquets. Along with the company's assortment of further security input items, the Turnlock 100 full-height tourniquet with the integrated BE Secure superior sensing technology will be on show at the GSX stand.

Analyst View:

Tourniquets market is expected to experience significant growth in the coming years. The Asia-Pacific region is expected to experience the highest growth rate in the tourniquets market due to the increasing prevalence of chronic diseases and the rising number of surgical procedures being performed in the region. The rise in demand for tourniquets is also being driven by the growing prevalence of chronic diseases such as diabetes, obesity, and cardiovascular diseases, which can increase the risk of vascular complications that require surgical intervention. Furthermore, technological advancements in Tourniquet devices such as the development of portable and disposal tourniquets are expected to fuel Tourniquets Market growth.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Tourniquets Market, By Type (Buckle, Manual, and Electronic), By Application (Hospitals, Clinics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Tourniquets Market accounted for US$ 0.5 Billion in 2024 and is estimated to be US$ 1.1 Billion by 2034 and is anticipated to register a CAGR of 8.20%. Tourniquets Market is segmented based on Type, Application and Region.

  • Based on Type, Tourniquets Market is segmented into Buckle, Manual, and Electronic.
  • Based on Application, Tourniquets Market is segmented into Hospitals, Clinics, and Others.
  • By Region, the Tourniquets Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Tourniquets Market:

The prominent players operating in the Tourniquets Market includes, Medseven Sp. z o.o., Riester Corporation, HUM, Inc., Technomed Medical Systems S.A., Anetic Aid, OMNA, Inc., B.E.R. Group NV, Olberon Medical Innovation SAS, Elite Depot Limited , ADC SAS and others.

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