Global Pneumatic Tourniquets Market - 2022-2029

Global Pneumatic Tourniquets Market - 2022-2029

Market Overview

Pneumatic tourniquets market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

Pneumatic tourniquets are single or dual-bladder inflatable cuffs designed to apply pressure on the arterial blood flow in a limb to create a bloodless surgical field. A pneumatic tourniquet can be used for vascular control in the extremities.

Market Dynamics

The growth of the pneumatic tourniquets market can be attributed to the increasing number of orthopedic and plastic surgeries performed, surge in accidental injuries and falls and subsequent rise in the prevalence of degenerative bone diseases.

Increasing number of orthopedic and plastic surgeries performed is expected to hold the largest share in this market segment

For instance, ""Hospital Accident & Emergency Activity, 2019-20"", provided by National Health Services (NHS), states that in the year 2019-20, there were 25 million attendances in Accident and Emergency (A&E) departments in NHS hospitals, which increased by 1% as compared to the previous year in 2018-19 and increased 17% than the year 2010-11. This increasing burden of accident emergency admissions is anticipated to increase the demand for wound care surgeries, hence driving the demand for pneumatic tourniquets for bloodless and dry surgical procedures. This is expected to boost the growth of the studied market.

Furthermore, pneumatic tourniquets are routinely and safely used in limb surgeries worldwide. The application of these tourniquets alters normal physiology. These tourniquets are a common practice in orthopedic and plastic surgeries. The increase in plastic surgery and other augmentation procedures is anticipated to drive the intravenous regional anesthesia (IVRA), driving the growth of the studied market.

Moreover, major players' recent acquisitions and strategic steps are increasing the demand for pneumatic tourniquets. For instance, in 2020, Dessillions & Dutrillaux acquired Electro Concept Medical to pool research and development skills, production, and distribution. These strategic activities by major players are anticipated to drive the growth of the studied market.

Lack of skilled professional to handle the systems during the surgery are likely to hamper the market growth

Pneumatic tourniquets used by qualified medical professionals to temporally occlude blood flow in patient’s extremities during surgical procedures.

COVID-19 Impact Analysis

COVID-19 has created a global public health emergency that has affected almost every business and industry. The long-term effects are projected to have an impact on the industry growth during the forecast period. Limitations on the elective surgical procedures and disruption of the supply chain during lockdown have affected the market for the surgical procedures worldwide and impacted the market negatively.

An article published in December 2021 titled “WALANT technique versus locoregional anesthesia in the surgical management of metacarpal and phalangeal fractures: Lessons from the Covid-19crisis the Covid-19 pandemic” mentioned that Wide Awake Local Anesthesia No Tourniquet (WALANT) is an anesthetic method that enables the use of a local injection of anesthetic and epinephrine, avoiding the use of a tourniquet. This WALANT proved to be a safe and effective method in hand fracture surgery, ensuring access to surgical care in the Covid-19 perspective. To avoid the spread of the virus, care centers have approached towards alternatives which impacted the studied market negatively.

Segment Analysis

The orthopedic surgery segment is expected to hold the largest share in this market segment

The pneumatic tourniquets allow for minimal exposure, dissection, and handling of the arteries, and it may decrease the risk of spasms or injury caused by clamping of the tibial vessels. These tourniquets are generally used in limb surgeries, be it orthopedic or plastic surgeries. The orthopedic surgery by application segment is anticipated to witness growth over the forecast period owing to increasing orthopedic conditions and other degenerative bone diseases. Both the prevalence is expected to demand better surgical care which can provide a dry operative field and limit intraoperative blood loss during extremity surgery. Hence, this is expected to drive the growth of the studied market.

The growth of the segment is likely to be fueled by the rising prevalence of target conditions such as osteoarthritis, and the growing number of knee and hip replacement surgeries. The Organization for Economic Co-operation and Development (OECD) Health statistics data updated in November 2021 shows that there were over 193.9 hip replacements surgeries performed per 100,000 population in Italy in 2019. While over 294.9, 312.9, and 283.3 hip replacements surgeries were performed per 100,000 population in Austria, Switzerland, and Belgium, respectively in the same year.

In addition to that, the Canadian Institute for Health Information's 2020 report shows that, more than 62,000 hip replacements and over 75,000 knee replacements were performed in Canada during 2018–2019, which represented an increase of 20.1% and 22.5%, respectively, over the last five years. This rising prevalence of orthopedic conditions worldwide is anticipated to drive the growth of the segment.

Geographical Analysis

North America region holds the largest market share of global pneumatic tourniquets market

Factors, such as the increasing geriatric population across the region, healthcare infrastructure, better reimbursement policies, and the increasing burden of orthopedics and other diseases are anticipated to drive the growth of the North American pneumatic tourniquet market.

The pneumatic tourniquets are commonly used in orthopedic surgeries to achieve a nearly bloodless surgery and an optimal operating field or when administering regional anesthesia during surgery. The National Arthritis Data and Statistics updated in October 2021 by the Centre for Disease Control and Prevention (CDC) reported that about 1 in 4 adults (23.7%) or about 58.5 million people have doctor-diagnosed arthritis in the United States (US). The source also stated that, by the year ended 2040, 78.4 million adults aged 18 years and older (25.9% of the projected total adult population) is expected to have doctor-diagnosed arthritis in the US. This is expected to create opportunities for more orthopedic surgeries, driving the growth of the studied market in the country.

Moreover, the expenditure on hospital construction and expansion is increasing in the United States. For instance, in October 2021, Massachusetts General Hospital received approval from the Boston Planning and Development Agency board for a 1 million-square-foot with USD 2 billion expansion. In addition to that, in October 2021, Penn Medicine opened a hospital in Philadelphia worth USD 1.6 billion which marked the completion of one of the largest hospital projects in the United States. These, rising expenditure on expansion and construction of hospitals is expected to generate demand for medical devices and anticipated to drive the growth of the studied market in the country.

Furthermore, Osteoarthritis is a degenerative disease that worsens over time, often results in chronic pain. The Arthritis Facts and Figures updated in September 2021, published by the Arthritis Society reported that, Osteoarthritis is the most common form of arthritis, and more than 4 million Canadians have osteoarthritis (OA) and about 1 in 7 Canadian adults live with this progressive and painful disease. The source also mentioned that, more than 30% target population diagnosed with a mood or anxiety disorder as well as OA. This prevalence of the degenerative bone disease is anticipated to drive the demand for orthopedic surgeries for treatment. As the pneumatic tourniquets have the primary application in orthopedic surgeries, the increase in orthopedic surgeries is expected to increase demand for the pneumatic tourniquets. Hence, it is anticipated to drive the growth of the studied market in Canada. Therefore, owing to the aforementioned factors the north America region is expected to witness a strong growth over the forecast period driving the growth of the studied market.

Competitive Landscape

The global pneumatic tourniquets market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Stryker, Zimmer Biomet, ulrich medical, AneticAid, VBM Medizintechnik GmbH, Dessillions & Dutrillaux (D&D) and DSMAREF Co.Ltd. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Pneumatic Tourniquets globally. For instance, In April 2022, Food and Drug Administration (FDA) updated the Product Classification page for pneumatic tourniquets and notified that, if a manufacturer's device falls into a generic category of exempted class I devices (as defined in 21 CFR Parts 862-892), a premarket notification application and FDA clearance is not required before marketing the device in the United States, however, these manufacturers are required to register their establishment.

Key Companies to Watch

Stryker

Overview: Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Stryker offers innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes.

Products: SmartPump Tourniquet System- It is reliable and intuitive, complete with multiple built-in safety checks.

Why Purchase the Report?
• Visualize the composition of the pneumatic tourniquets market segmentation by type, application, and region highlighting the key commercial assets and players.
• Identify commercial opportunities in pneumatic tourniquets market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of pneumatic tourniquets market - level 4/5 segmentation.
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The global pneumatic tourniquets market report would provide an access to an approx. 41 market data table, 38 figures and 180 pages.

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