Increased Adoption of Robotic Surgery to Propel Growth of Orthopedic Power Tools
Posted by Arslan on April 15th, 2019
Global orthopedic power tools market will remain influenced by several factors including the rise in geriatric population, surging orthopedic procedures volume, increasing standardization in operating room supply, and rising innovations driven by competition among businesses. This Fact.MR report analyzes the expansion of global orthopedic power tools market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026.
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.
The report commences with a brief information of the global orthopedic power tools market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global orthopedic power tools market.
Browse Full Report on Orthopedic Power Tools Market with TOC-
Based on modality, revenues from reusable orthopedic power tools’ worldwide sales will account for nearly three-fourth share of the market by 2026-end. However, reusable or disposable tools are expensive, require high maintenance costs, and are associated with risks regarding infection from patient. This has led surgeons toward adoption of single-use orthopedic power tools, which are convenient and cost-effective. Reusable orthopedic power tools will register the fastest expansion in the market through 2026.
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.
Accounting for the largest market revenue share during 2017 to 2026, hospitals will remain the largest end-users of orthopedic power tools market. However, orthopedic clinics are projected to register the highest CAGR in the market through 2026. Revenues from ambulatory surgical centers will increase at a CAGR lower than those from orthopedic clinics, and higher than those from hospitals through 2026.
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