Luton, Bedfordshire, United Kingdom, September 23, 2022 (GLOBE NEWSWIRE) — Exactitude Consultancy, the market research and advisory arm of Ameliorate Digital Consultancy Private Limited, has completed and published the final copy of the detailed research report on the Latex Tourniquet market.
The global latex tourniquet market is expected to reach $815.2 million at a CAGR of 7.5% during the forecast period 2022-2029.
ALREADYatex turnstile is a tool to compress or restrict. It is used to short-term limit venous and arterial blood flow to part of an extremity. It is tied in a specific place around a part of the limb so that pressure is applied to the blood vessel walls. As a result, they briefly restrict or stop blood flow. This is often used in surgical settings to reduce blood loss and block arterial blood flow, resulting in a treatment that is largely bloodless. Tourniquets help block blood flow in emergency situations where there is a risk of significant blood loss, such as acute bleeding or when an artery is severed.
In typical medical contexts, latex tourniquets are used to treat patients who have lost too much blood and need to temporarily stop blood flow. The presence of a sizeable patient pool, increasing use in a range of end-user sectors, including healthcare and military, and increased urbanization are expected to drive market expansion.
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North America Takes Largest Market Share in Latex Tourniquet Market
North America took the top spot in the region for Latex Tourniquet Market, accounting for the largest share of revenue. The increase in bowel-related diseases and the frequency of traffic accidents in countries such as the United States are largely responsible for the sales increase of the North American market. Another key element that is expected to favorably influence the market revenue growth in the area is its increasing use in urgent applications such as operations.
Recent Development of the Latex Tourniquet Market:
- In a press statement, Scottsbluff police said they were called to the 700 block of East 18th Street shortly after 5 p.m. Wednesday in connection with a man who had been shot in the right leg. Officers located the man and provided first aid, including the use of a tourniquet, when they arrived
|The revenue forecast in 2029||1,760 million|
|Growth rate||CAGR of 7.5% from 2022 to 2029|
|The base year for estimate||2021|
|Forecast Period||2022 – 2029|
|Quantitative Units||Revenue in USD Billion and CAGR from 2022 to 2029|
|Reporting coverage||Revenue forecast, business ranking, competitive landscape, growth drivers and trends|
|Covered segments||By type, by application|
|Regional reach||North America; Europe; Asia-Pacific; Latin America; Middle East and Africa|
|Country range||U.S; Canada; UK; Germany; China; Japan; india; South Korea; Brazil|
|Key companies profiled||BD, 3M, Fisher Scientific, Covidien, Zimmer, Medline|
Latex Turnstile Market – Competitive landscape
Due to the presence of prominent competitors in the oncology market and their wide product selection of oncology drugs, the competitive landscape in the Latex Tourniquet market presents rather intense competition. Numerous key industry players include: BD, 3M, Fisher Scientific, Covidien, Zimmer, Medline
Factors Restraining the Growth of the Latex Tourniquet Market:
The expansion of the global latex tourniquet market is being significantly constrained by a number of adverse aspects. One of the major factors expected to negatively impact the market’s revenue growth over the projected period is the ill effects of tourniquet wearing, including pain, hyperemia, and hyperthermia. In addition, a factor contributing to a somewhat future slowdown in market development is lower penetration in undeveloped countries.
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Key Market Segments: Latex Tourniquet Market:
By type, it is segmented into:
By application it is segmented into:
- General Medical Tourniquets
- Emergency turnstiles
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