(PharmaNewsWire.Com, February 21, 2019 ) In its new report, Fact.MR has projected the orthopedic power tools market to register an average expansion throughout the forecast period, 2017 to 2026. Roughly US$ 2,500 Mn revenues will be reaped from the orthopedic power tools market by 2026-end.
Increased Adoption of Robotic Surgery to Propel Growth of Orthopedic Power Tools Market
Orthopedic power tools market remains influenced by prevalence of minimally invasive surgeries, which create demand for treating various disorders such as neurosurgical, spinal and orthopedic diseases. Minimally invasive surgeries require orthopedic power tools, which carry out surgeries with a miniscule incision, lower the risk of bleeding, have shorter hospital stay post-surgery, and offer faster recovery. Growth of orthopedic power tools market is driven by increased adoption of robotic surgery, owing to limited availability of skilled surgeons worldwide. Surgical robots with multiple arms are foraying into healthcare sector with their high surgical efficiency, with the capability of handling various equipment at the same time, thereby driving growth of orthopedic power tools market. However, hospital consolidation, cost-containment pressures, medical device excise taxes, and unfavorable reimbursement policies are some factors expected to restrain expansion of orthopedic power tools market.
Fact.MR’s report provides a competitive landscape of the orthopedic power tools market, identifying key players in the market that include Misonix, CONMED Corporation, B Braun, Zimmer Biomet, Johnson & Johnson, and Stryker Corporation.
North America to Account for Largest Revenue Share of Orthopedic Power Tools Market
Rapid technological advancements, and increasing volume of orthopedic procedures have accelerated growth of orthopedic power tools market in North America. In terms of revenues, the largest share of the orthopedic power tools market will be accounted by North America during 2017 to 2026. Europe and Asia-pacific excluding Japan (APEJ) will also remain lucrative regions for growth of the orthopedic power tools market.
A paradigm shift is being observed in the orthopedic power tools market from conventional reusable orthopedic power tools toward use of disposable or single-use orthopedic power tools. This is mainly to prevent the risk of infection in individuals caused by reusing & reprocessing the same orthopedic power tools on many individuals. In addition, single-use orthopedic power tools are cost-effective, and are pre-sterilized prior to their delivery to hospitals in a single-use format. Owing to these factors, sales of single-use power tools are projected to register the fastest expansion in the orthopedic power tools market through 2026, based on modality.
Large Bone Power Tools – Most Lucrative among Products in Orthopedic Power Tools Market
Large bone power tools will remain most lucrative product in orthopedic power tools market, followed by high-speed power tools. These power tools find huge application in trauma-related surgeries, and knee & hip reconstruction surgeries. Compared to large bone and high-speed power tools, small bone power tools will account for a significantly lower revenue share of the market throughout the forecast period.
Orthopedic clinics and ambulatory surgical centers are projected to be the fastest expanding end-users in orthopedic power tools market. On the other hand, sales of orthopedic power tools in hospitals will register a relatively lower CAGR than that in orthopedic clinics and ambulatory surgical centers through 2026.
Chapter 2 Global Orthopedic Power Tools Market - Executive Summary
Chapter 3 Global Orthopedic Power Tools Market Overview 3.1 Introduction 3.1.1 Global Orthopedic Power Tools Market Taxonomy 3.1.2 Global Orthopedic Power Tools Market Definition 3.2 Global Orthopedic Power Tools Market Size (US$ Mn) and Forecast, 2012-2026 3.2.1 Global Orthopedic Power Tools Market Y-o-Y Growth 3.3 Global Orthopedic Power Tools Market Dynamics 3.4 Supply Chain 3.5 Cost Structure 3.6 Pricing Analysis 3.7 Procedure Numbers by Region 3.8 Key Regulations 3.9 PESTL Analysis 3.10 Product Lifecycle 3.11 Service Provider List 3.12 Key Participants Market Presence (Intensity Map) By Region
Chapter 4 Global Orthopedic Power Tools Market Analysis and Forecast 2012-2026 4.1 Global Orthopedic Power Tools Market Size and Forecast by Product Type, 2012-2026 4.1.1 Large Bone Power Tools Market Size and Forecast, 2012-2026 4.1.1.1 Revenue (US$ Mn) Comparison, By Region 4.1.1.2 Market Share Comparison, By Region 4.1.1.3 Y-o-Y growth Comparison, By Region 4.1.2 Small Bone Power Tools Market Size and Forecast, 2012-2026 4.1.2.1 Revenue (US$ Mn) Comparison, By Region 4.1.2.2 Market Share Comparison, By Region 4.1.2.3 Y-o-Y growth Comparison, By Region 4.1.3 High Speed Power Tools Market Size and Forecast, 2012-2026 4.1.3.1 Revenue (US$ Mn) Comparison, By Region 4.1.3.2 Market Share Comparison, By Region 4.1.3.3 Y-o-Y growth Comparison, By Region 4.2 Global Orthopedic Power Tools Market Size and Forecast by End User, 2012-2026 4.2.1 Hospitals Market Size and Forecast, 2012-2026 4.2.1.1 Revenue (US$ Mn) Comparison, By Region 4.2.1.2 Market Share Comparison, By Region 4.2.1.3 Y-o-Y growth Comparison, By Region 4.2.2 Ambulatory Surgical Centers Market Size and Forecast, 2012-2026 4.2.2.1 Revenue (US$ Mn) Comparison, By Region 4.2.2.2 Market Share Comparison, By Region 4.2.2.3 Y-o-Y growth Comparison, By Region 4.2.3 Orthopedic Clinics Market Size and Forecast, 2012-2026 4.2.3.1 Revenue (US$ Mn) Comparison, By Region 4.2.3.2 Market Share Comparison, By Region 4.2.3.3 Y-o-Y growth Comparison, By Region 4.3 Global Orthopedic Power Tools Market Size and Forecast by Modality, 2012-2026 4.3.1 Single Use Power Tools Market Size and Forecast, 2012-2026 4.3.1.1 Revenue (US$ Mn) Comparison, By Region 4.3.1.2 Market Share Comparison, By Region 4.3.1.3 Y-o-Y growth Comparison, By Region 4.3.2 Reusable Power Tools Market Size and Forecast, 2012-2026 4.3.2.1 Revenue (US$ Mn) Comparison, By Region 4.3.2.2 Market Share Comparison, By Region 4.3.2.3 Y-o-Y growth Comparison, By Region
Chapter 5 North America Orthopedic Power Tools Market Size and Forecast, 2012-2026 5.1 Regional Outlook 5.2 Revenue (US$ Mn) Comparison, By Country 5.3 Revenue (US$ Mn) Comparison, By Product Type 5.4 Revenue (US$ Mn) Comparison, By End User 5.5 Revenue (US$ Mn) Comparison, By Modality
Chapter 6 Latin America Orthopedic Power Tools Market Size and Forecast, 2012-2026 6.1 Regional Outlook 6.2 Revenue (US$ Mn) Comparison, By Country 6.3 Revenue (US$ Mn) Comparison, By Product Type 6.4 Revenue (US$ Mn) Comparison, By End User 6.5 Revenue (US$ Mn) Comparison, By Modality
Chapter 7 Europe Orthopedic Power Tools Market Size and Forecast, 2012-2026 7.1 Regional Outlook 7.2 Revenue (US$ Mn) Comparison, By Country 7.3 Revenue (US$ Mn) Comparison, By Product Type 7.4 Revenue (US$ Mn) Comparison, By End User 7.5 Revenue (US$ Mn) Comparison, By Modality
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