Global Orthopedic Power Tools Industry Growth Analysis and Development, Drivers, Capacities, Till 2025
New Study on “Orthopedic Power Tools Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis and Forecast, 2018-2025” Added to Coherent Market Insights Reports Database.
Orthopedics is the branch of science that deals with fractures, injuries, and disorders related to the skeletal system of the body. It also includes associated muscles, joints, and ligaments. Powered instruments and accessories are used to dissect, fixate, shape, cut, and fragment in orthopedic procedures. These tools are powered with electricity or are pneumatic powered. Pneumatic devices are powered using nitrogen or compressed air. The pneumatic powered instruments are small, vibration free, and light in weight that makes it easy to handle. Orthopedic power tools enables surgeons to perform orthopedic surgeries with high accuracy, speed, and more precision. Orthopedic power tools are been made into light weight devices, which are easier to handle as compared to conventional heavy tools. Power tools are highly modular, easy-to-assemble and user friendly, and owing to these properties orthopedic surgical tools are gaining popularity, globally.
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The ‘Orthopedic Power Tools Market Research Report 2018-2025’ is an efficient and detailed study on the present situation by focusing on the global market. Study report offers key statistical information on the market situation of the manufacturers and is a beneficial source of advice and guidance for companies and persons involved in the industry. At the start, the study report offers a basic outlook of the industry containing its introduction, applications, and manufacturing technology. Also, the report scrutinizes the international key market players in-depth.
One of the latest trends gaining significant traction in the market is the increase in R&D activities and the launch of novel Orthopedic Power Tools by the market vendors. Due to the highly competitive nature of the market and the presence of various players, companies are increasingly focusing on advanced technologies to manufacture innovative Orthopedic Power Tools.
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Powered orthopedic instruments are utilized in knee, shoulder, wrist and joint replacement surgeries, and other orthopedic procedures. The accessories used in such procedures use three power sources, which include electric powered devices that are operated through electrical supply (wall mount); battery powered devices, which use lithium ion batteries; and pneumatic powered devices that are operated through air pressure generated through an air reservoir attached to the device.
Major factors responsible for growth of orthopedics power tools market include increasing number of orthopedic surgeries coupled with shortage of skilled and trained surgeons. According to Becker’s Ambulatory Surgical Centre Review, in 2011, total of 5.3 million orthopedic surgeries were performed and this number was projected to rise to 6.6 million by 2020. This high prevalence rate is expected to fuel demand for orthopedic power tools for orthopedic surgical procedures in the near future.
Other factors such as new product launches and advancement in technology in these devices is also contributing to the market growth. For instance, in March 2017, Stryker Corporation introduced range of instruments under brand name System 8 Power Tool. The tool has advanced System 8 SABO sagittal saw and System 8 cordless drivers for better accuracy and efficiency.
However, contamination in the reusable devices, pricing pressure on manufacturers, and unfavorable reimbursement scenario are expected to restrain the market growth. For instance, according to CDC in 2011, the prevalence of healthcare associated infection were estimated at 157,500 surgical site infections in inpatient surgeries.
Key companies covered as a part of this study include Stryker Inc., Zimmer Holdings Inc., Misonix Inc., Arthrex, Aesculap, ConMed Corporation, DePuy Synthes, Brasseler, Medtronic, MedicMicro, B. Braun, OsteoMed, and Aygun Surgical Instruments.
This study report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
Reasons to Buy this Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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