Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Surgical power tools are medical equipment which are used as the additional power source. The surgical power tools help in various application such as in surgeries to improve tissues or to improve access for the imaging of the organ. These tools are significant part of the modern operative procedures. Surgeon use this electrically operated devices at the time of surgery for drilling through the bones and insert implants at the respective places. The significant advantage of the surgical power tool is that the surgeon can operate surgical procedure with peace, accuracy and higher precision.
The surgical power tools are witnessing a tremendous growth from the past few decade as there is significant adoption of technological advances in the healthcare sectors, the significant adoption of the surgical power tools is providing ease of use and convenience to the surgeons or the operators. The surgical power tool market is experiencing growth by the factors like high adoption of surgical power tool, advantages these tools such as higher performance, improved reliability, longer life cycle and rising prevalence of neurological disorders are driving the market growth. However, shortfall of skilled professionals is hampering the growth of the market.
The exclusive COVID-19 impact analysis report by axiom MRC provides a 3600 analysis of micro and macro-economic factors on the surgical power tool market. In addition, complete analysis of changes on surgical power tool expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 pandemic has the mix impact on the healthcare sectors. As due to the lockdown circumstances the transportation chain get hampered. The pandemic also impacted sales and production of surgical power tools. In addition to that the majority of surgical procedures were postponed due to the pandemic situations and disturbed the demand and supply chain. Thus, the COVID-19 pandemic has the negative impact on the surgical power tool market.
The global surgical power tool market is segmented by product, technology, application, device type and geography.
Based on the product the surgical power tool market is segmented into handpiece, disposables and accessories. The disposables segment is further sub-segmented into drills, saws, staplers, reamers, blades, burr, and shavers.
The drill sub-segment is likely to dominate the market as its applications in the orthopaedic surgery and the plastic surgeries is increasing. By using drills, the orthopaedic surgeries became more efficient and easier. Besides increase in number of orthopaedic surgeries across the globe is also propelling the growth of market.
Based on the technologies the surgical power tool market is segmented into electric-operated power tools, battery-driven power tools, and pneumatic power tools.
The battery driven power tools are expected to lead the market as it can be easily handled and operated. As there are no wired connections are required in the battery driven power tools, the proficiency of the surgery is ultimately increasing. Due to this there is surge in the use of battery driven power tools. This is in turn expanding the market growth. The battery driven surgical tools are suitable for all types of orthopaedic surgeries, traumatology, cardiothoracic surgeries and dermatology. The battery driven power tools have the fast attachment system and are light in weights and provides reliable performance with new generation powerful motor.
Based on the applications the surgical power tool market is segmented into orthopaedic surgery, ENT surgery, neurology surgery, and cardiothoracic surgery and other.
The orthopaedic surgeries are likely to dominate the market as they have significant applications of surgical tools in the orthopaedic surgeries. The orthopaedic surgeries are the surgery of the musculoskeletal systems. That includes the bones, joints, ligaments, tendons, muscles and nerves. The rise in the incidences of accidents is driving the market growth. The orthopaedic surgeries are further sub-segmented into the spine, trauma, joint, craniomaxillofacial, dental and other surgeries.
Based on the devices the surgical power tool market is segmented into large bone power tools, medium bone power tools, small bone power tools, and high-speed drilling system.
The large bone power tools are likely to dominate the market due to increase in the numbers of injuries of large bones such as femur, tibia, fibula, humerus. The rising use of power tools in the orthopaedic surgeries is also refuelling the market growth. The surgical power tools have major application of drilling and reaming of the large bone fractures in long bones fractures using screws and intramedullary nails. And they are made light weight for ease in their usage and due to that long bone power tools are propelling the market growth.
The surgical power tool market is analysed for the geographical regions like North America, Europe, Asia Pacific and rest of the world.
The North America is likely to dominate the market of surgical power tools owing to the rising healthcare sector funding and increase in the number of surgeries. In addition, growing technical advances in the healthcare field is also propelling the growth of the market. Alternatively, Asia Pacific region is projected to witness fastest growth the region as the region has high demand for the minimally invasive devices, rising in geriatric populations and growing incidences of geriatric surgeries.
The major key players of surgical power tool market are DePuy Synthes (Johnson & Johnson), B. Braun Melsungen AG, iMEDICOM, DeSoutter Medical, Adeor medical AG, Shanghai Bojin Medical Instrument Co. Ltd, AlloTech Co. LTD, Stryker Corporation, Zimmer Biomet, Orthopromed, Nouvag AG, Medical Bees GmbH, MatOrtho, Exactech, and Medtronic plc among others.
The study comprised of the global surgical power tool market. And the study analysed various segments like product, technology, applications, and device type. The study also covers the dominating segments of market. The product segment is likely to dominate by the drills as their high applications in the orthopaedic surgeries likewise the technological segment is dominated by the battery driven power tools and application segment is leaded by the orthopaedic surgeries. Lastly the device type segment is leaded by the large bone power tools as by using these tools the surgery became easier and efficient. The study also comprised of the geographical section of the and it analyses that the North America is likely dominate the surgical power tools market. Besides the study also covers the impact of the COVID-19 pandemic. The COVID-19 pandemic has the mix impact on the healthcare sectors. As due to the lockdown circumstances the transportation chain is get hampered and also has impact on the sale of surgical power tool in addition to that the majority of surgical procedures are postponed due to the pandemic situations and it is also disturbing the demand and supply chain as due to that the COVID-19 has the negative impact on the surgical power tool market. The study also analysed the major key players operating in the regions.
Why to buy this report
• The report offers changing market dynamics in the surgical power tool markets industry, presenting historical, current and projected market size in terms of value (USD Million)
• The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of the surgical power tool market
• It presents a comprehensive assessment of region exhibiting promising growth, potential and niche segments and a neutral perspective of the surgical power tool market
• The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of surgical power tool market
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