Global Surgical Tourniquets Market to Reach $952 Million by 2030
The global market for Surgical Tourniquets estimated at US$580 Million in the year 2023, is expected to reach US$952 Million by 2030, growing at a CAGR of 7.3% over the period 2023-2030. Tourniquet Cuffs, one of the segments analyzed in the report, is expected to record 7.8% CAGR and reach US$776.4 Million by the end of the analysis period. Growth in the Tourniquet Instrument segment is estimated at 5.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $152.7 Million, While China is Forecast to Grow at 10.7% CAGR
The Surgical Tourniquets market in the U.S. is estimated at US$152.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$226.6 Million by the year 2030 trailing a CAGR of 10.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
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