Global Orthopedic Surgical Power Tools Market 2016-2020

Published: Feb 2016 Pages: 47 SKU: IRTNTR8738

Outlook of the global orthopedic surgical power tools market

Technavio’s market research analyst has estimated the global orthopedic surgical power tools market to grow at a CAGR of almost 3% by 2020. This market will grow moderately during the forecast period, and the prospects for its growth will be driven by the rising number of surgical procedures and recent technological advances. The recent rise in global geriatric population will lead to an increase in the incidence of orthopedic, cardiovascular, and neurological diseases, which would require surgical intervention. This increase in the need for surgical procedures that require power tools will result in the moderate growth of this market during the estimated period.

In this market study, the analysts have estimated the augmented demand for minimally invasive techniques to spur the prospects for market growth until the end of 2020. In recent times, it has been observed that minimally invasive surgeries are being increasingly used to treat many orthopedic complications related to the knee, hip, shoulder, elbow, or the spine. Such surgical procedures would necessitate the use of power tools as they will help to carry out surgeries with minimal cuts. Benefits like reduced hospital stay, reduced bleeding and recovery time, and faster recovery time will help to augment its demand during the predicted period.

Application-based segmentation of the orthopedic surgical power tools market

  • Large bone power tool
  • Small bone power tool
  • High-speed power tool

In terms of applicability, the large bone power tools segment dominated this market as it accounted for a market share of more than 61% during 2015. Large bone power tools are utilized for hip and knee reconstruction surgeries and trauma-related surgeries. Based on the preferences and the type of surgeries performed, both modular and dedicated power systems can be used.

Geographical segmentation of the orthopedic surgical power tools market

  • Americas
  • APAC
  • EMEA

At present, the Americas accounted for the largest share of the global orthopedic surgical power tools market and is envisaged to grow at a CAGR of around 2% by 2020. Factors such as the large-scale presence of hospitals and surgical centers in the region and advances in technology will lead to the steady growth of the market in this region.

Competitive landscape and key vendors

The global orthopedic surgical power tools market is extremely dynamic and fragmented owing to the presence of large, medium, and small players. At present, this market is primarily dominated by the large vendors, but extensive market research carried out by the analysts at Technavio has shown that they are continuously losing their market shares to smaller players that show strong performance in the surgical power tools market.

Key vendors in this market are -

  • CONMED
  • DePuy Synthes
  • Medtronic
  • Stryker
  • Zimmer

Other prominent vendors in this market are adeor, Arthrex, Aygun Surgical Instruments, B. Braun, De Soutter Medical, MedicMicro, MicroAire Surgical Instruments, OsteoMed, and Stars Medical Devices.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global orthopedic surgical power tools market?
  • What are the key market trends impacting the growth of the global orthopedic surgical power tools market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global orthopedic surgical power tools market?
  • What are the market opportunities and threats faced by the vendors in the global orthopedic surgical power tools market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global orthopedic surgical power tools market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Electric power tools
  • Battery-driven power tools
  • Pneumatic tools
  • Surgical drills
  • Surgical saws
  • Surgical reamers

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by application

  • Large bone power tool
  • Small bone power tool
  • High-speed power tool

PART 07: Geographical segmentation

  • Orthopedic surgical power tools market in Americas
  • Orthopedic surgical power tools market in EMEA
  • Orthopedic surgical power tools market in APAC

PART 08: Market drivers

  • Advances in technology
  • Increased incidence of orthopedic surgeries
  • Growing demand for minimally invasive techniques

PART 09: Impact of drivers

PART 10: Market challenges

  • Biofouling of orthopedic surgical power tools
  • Pricing competition among vendors
  • Lack of trained surgeons in developing economies
  • High maintenance requirement

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Increased use of single-use power tools
  • Growing importance for enhanced patient experience among hospitals
  • Rising medical tourism in emerging economies

PART 13: Vendor landscape

  • Competitive scenario
  • Key news
  • Mergers and acquisitions
  • Key vendors analysis 2015
  • CONMED
  • DePuy Synthes
  • Medtronic
  • Stryker
  • Zimmer Biomet
  • Other prominent vendors

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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