Orthopedic Power Tools Market Future and Current Status Report
Albany, NY (PRWEB) July 02, 2014
A power tool is a key instrument in the armamentarium of the operating room for many orthopedic surgeries. The adoption rates for orthopedic power tools vary in different regions, mainly due to price sensitivity. Globally, and driven by the orthopedic industry's continued innovation in cordless battery-powered systems as well as a better understanding of corded systems downsides, the usage of pneumatic-powered tools has been declining in the past decade as surgeons adopt premium-priced electric and, more significantly, battery-powered systems.
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In contrast, in developing countries, electric and pneumatic-powered tools currently represent highly valued equipment for orthopedic surgeons; moreover, this equipment should continue to remain important, especially in light of the developing countries healthcare systems that cannot bear the substantial costs associated with capital equipment upgrades. Yet, a slow shift to battery-powered systems will still occur in these emerging economies, as players introduce the new-generation systems into these countries in the coming years and invest heavily in marketing and promotion.
The report identifies and analyzes the key companies shaping and driving the Orthopedic Power Tools market. The report provides insight into the competitive Orthopedic Power Tools landscape, including new companies entering the market and pipeline products in development. This report is built using data and information sourced from proprietary databases, secondary sources and primary research interviews and survey with leading doctors, with in-house analysis conducted by GlobalDatas team of industry experts.
-Investigation of current and future market competition for Orthopedic Power Tools.
-Competitor assessment including device approval analysis.
-Coverage of key market players and company profiles including business description, financial overview and SWOT analysis.
-Strategic assessment of the device sector through market impact analysis, future market scenario and company analysis.
-Direct quotes from Key Opinion Leaders (KOL) as well as doctors using Orthopedic Power Tools in clinical practice.
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Reasons to buy:
-Gain a high level view of the trends shaping and driving the Orthopedic Power Tools market.
-Assess competitiveness of products in market by understanding the strengths and weaknesses of current competition.
-Drive revenues, formulate effective sales and marketing strategies and gain in-depth understanding of the competitive landscape
-Take a comprehensive look at the markets device pipeline and identify promising, paradigm-shifting products.
-Create an effective counter-strategy to gain a competitive advantage against those currently in the market
MediPoint: Orthopedic Power Tools - EU Analysis and Market Forecasts
Throughout the forecast period, the sales units of orthopedic power tools are projected to rise slowly in France, primarily driven by the positive growth in spinal and orthopedic surgeries within the country. Germany has the largest orthopedic market in Europe. Due to the country's graying population and higher procedure volumes of spinal and joint reconstruction surgeries, the orthopedic market in Germany has experienced steady growth in the past. Driven by the continued procedural rise and slow growth in the number of ASCs in the country, the total sales units of power tool systems in Italy is expected to increase throughout the forecast period, with battery-powered and electric-powered small bone systems sales units growing faster. As price cuts by the Spanish government bodies that purchase products for the national healthcare system increase in the upcoming years, the revenue of a wide range of orthopedic markets will be impacted by the country's economic downturn. In the UK, austerity measures in response to struggling economies continue to put tremendous pressure on orthopedic procedure volumes, resulting in some small-sized hospitals delaying investment in capital equipment upgrades. Browse full report with TOC at: http://www.researchmoz.us/medipoint-orthopedic-power-tools-eu-analysis-and-market-forecasts-report.html.
MediPoint: Orthopedic Power Tools - US Analysis and Market Forecasts
A power tool is a key instrument in the armamentarium of the operating room for many orthopedic surgeries. The adoption rates for orthopedic power tools vary in different regions, mainly due to price sensitivity. Globally, and driven by the orthopedic industry's continued innovation in cordless battery-powered systems as well as a better understanding of corded systems downsides, the usage of pneumatic-powered tools has been declining in the past decade as surgeons adopt premium-priced electric and, more significantly, battery-powered systems. The US is the largest market for orthopedic power tools in terms of both sales units and market revenue. There are multiple drivers that contribute to the current state of the US power tools market. The primary factor for growth in the sales units has been the rise in orthopedic and spinal procedures in the past few years. However, the lingering economic concerns in the US have significantly impacted hospital budgets and have resulted in delayed capital equipment purchases and an increased usage of reprocessed consumables, diminishing the growth in sales units to some extent. Browse full report with TOC at: http://www.researchmoz.us/medipoint-orthopedic-power-tools-us-analysis-and-market-forecasts-report.html.
MediPoint: Orthopedic Power Tools - APAC Analysis and Market Forecasts
Japan is the largest medical device market outside of the US, and has a rich history of developing new technologies in orthopedics and spine, especially involving the use of minimally invasive technology. China has the second largest medical device market in Asia. The SFDA has made efforts to create a more transparent regulatory environment by streamlining the application and review process to promote the adoption of innovative medical technologies. India's medical device market has experienced rapid growth over the years, yet its market size is smaller than China's. India expects to be the most populous country in the world, overtaking China in 2020. Browse full report with TOC at: http://www.researchmoz.us/medipoint-orthopedic-power-tools-apac-analysis-and-market-forecasts-report.html.
MediPoint: Orthopedic Power Tools - South America Analysis and Market Forecasts
A power tool is a key instrument in the armamentarium of the operating room for many orthopedic surgeries. The adoption rates for orthopedic power tools vary in different regions, mainly due to price sensitivity. One of the drivers is the country's economic growth, thanks to a growing middle class and the rising investment in physical infrastructure. The medical devices market in Brazil is the largest in South America. In the past few years, a general easing of the import bureaucracy and the requirement to improve the quality and quantity of healthcare services available in Brazil, have led to an increased adoption of advanced medical technologies. Browse full report with TOC at: http://www.researchmoz.us/medipoint-orthopedic-power-tools-south-america-analysis-and-market-forecasts-report.html.
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