Market Trends of Surgical Tourniquets Industry
Tourniquets Systems are Expected to Hold A Significant Market Share in the Surgical Tourniquets Market Over the Forecast Period
The tourniquet systems are expected to hold a significant market share due to the rising demand for joint replacement surgeries, and as they are widely used due to their ability to create a bloodless field during orthopedic surgery that helps surgeons to decrease the procedural time.
According to an article published by the scientific report in June 2022, tourniquet use was considered a standard procedure during total knee arthroplasty (TKA); it is mainly used to reduce blood loss and obtain a bloodless surgical field for soft tissue resections, osteotomies, and the implantation of prostheses in the knee. Thus, the rising usage of tourniquets in popular procedures such as total knee arthroplasty is expected to boost segment growth.
Furthermore, the rising use of surgical tourniquet systems in orthopedic surgeries is also expected to boost segment growth. For instance, according to an article published by the Journal of Experimental Orthopedics in July 2022, tourniquet use became common in orthopedics during extremity surgery. The tourniquet has been used extensively during total knee arthroplasty (TKA), with over an estimated 90% of surgeons in the United Kingdom and the United States routinely employing it for treating TKAs.
Also the launch of products also propels the growth of the market segment. For instance, in August 2022, SourceMark Medical was awarded a group purchasing agreement with Premier, Inc., for their Tourniquet Touch Pneumatic Tourniquet system.
Hence, due to the factors above, such as the rising usage of tourniquet systems in orthopedicand plastic surgeries and the rising prevalence of orthopedic diseases coupled with the rising geriatric population, the studied segment is expected to experience growth during the forecast period.
North America is Expected to Hold a Significant Share the Market Over the Forecast Period.
North America has been the primary market for surgical tourniquets, owing to the rise in the number of road traffic accident cases and cosmetic surgery cases, the rising prevalence of orthopedic diseases, the rising geriatric population, and an increase in the adoption of advanced technologies.
The growing elderly population is expected to drive the market segment's growth. For instance, according to the data published by Statistics Canada in July 2022, it is estimated that around 7,330,605 people are aged 65 years or older in Canada, accounting for 18.8% of the total population. As the geriatric population is more prone to fractures and other orthopedic diseases, it is expected to drive the market's growth.
Moreover, the rising number of road traffic accidents is also expected to boost market growth as it would increase the usage of surgical tourniquets in emergency orthopedic surgeries. For instance, according to the data updated by the Ontario Provincial Police (OPP) in February 2023, there was a 20% increase in road traffic collisions in Ontario, Canada, in 2022 compared to the previous year which was 74,172 in 2022.
Furthermore, according to the American Joint Replacement Registry (AJRR) Annual Report , 2023, 385.66 thousand hip and knee arthroplasty procedures were performed in United States in 2022. Such high number total knee arthroplasty procedures in the United States are expected to boost the market growth in the region.
Thus, due to the abovementioned factors, such as the rising total knee arthroplasty procedures and the rising geriatric population, the North American region is expected to experience growth during the forecast period of the study.
