This market research report includes a detailed segmentation of the orthopedic surgical power tools by applications (large bone power tools, small bone power tools and high-speed power tools) and by geography (Americas, EMEA and APAC). The key vendors analysed in this research report include Conmed, DePuy Synthes, Medtronic, Stryker and Zimmer Biomet.
Technavio’s market research analysts estimate the global orthopedic surgical power tools market, to grow at a CAGR of around 3% by 2020. Orthopedic surgical power tools are specially designed devices, which use different power sources for their operation and can be electric, battery-driven, or pneumatic. Also, increased preference for minimally-invasive surgeries has boosted the demand for improved surgical tools. The Americas occupy 54% of the overall market share, owing to rise in surgeries and a large number of hospitals and surgical centers in the region.
Product segmentation of orthopedic surgical power tools market
“Of late, the market is witnessing increasing use of disposable surgical power tools. Single-use power tools are cost-effective alternatives to expensive reusable power tools because these power tools are supplied to the hospitals pre-sterilized and in a single-use format. Also, the use of single-use power tools prevents infection caused by devices,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
The new market research report from Technavio provides a breakdown and analysis of the surgical tools segments by technology.
Large bone power tools is the largest segment in the surgical power tools market, accounting for 61% of the total market share. Large bone power tools are used in hip and knee reconstruction surgeries, and trauma surgeries. Depending on preferences and the type of surgery performed, both modular and dedicated power systems can be used.
The key vendors in the orthopedic surgical power tools market are Conmed, DePuy Synthes, Medtronic, Stryker and Zimmer Biomet. The market is extremely dynamic and fragmented with the presence of large, medium, and small players. The vendors adopt price premium to stay competitive in the market. Stryker is a leading player in the global orthopedic surgical power tools market, especially in the large and small bone segments.
A more detailed analysis is available in the Technavio report, Global Orthopedic Surgical Power Tools Market 2016-2020.
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