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.
The surgical power tool is a type of medical device which is used for the particular actions or perform some required procedures like drilling, reaming at the time of surgery. Technical advances are increasing in healthcare sector thus the implementation or adoption of surgical tool is also increasing in Europe region. The adoption of surgical power tools made the revolutionary changes in the field of the surgeries of orthopaedic, dental and ENT surgeries. They provide an efficient and accurate working facility for surgeon at the time of surgery.
The surgical power tool market is witnessing great growth in Europe from the past few years. The major factors of the market such as the demand for technologically advanced medical devices for the ease and convenience during the surgical procedures, introduction of highly developed tools for the surgeons and healthcare staff in the healthcare sectors, increase in the R&D activities to design of cost-effective surgical power tools is driving the growth of market in Europe. However, the factors like problem in sterilization and lack of skilled operator is hampering the market growth.
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 Europe 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 is get hampered. And it 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 du to that the COVID-19 has the negative impact on the surgical power tool market
The Europe surgical power tool market is segmented by product, technology, application, device type and country.
The product like handpiece, disposables and accessories are analysed in the Europe surgical tool market. The disposables segment is further sub-segmented into drills, saws, staplers, reamers, blades, burr, and shavers.
The handpiece is likely to be the second fastest growing segment in the market as they are light in weight and can perform powerful surgical procedures like drilling, reaming and sawing. The handpiece surgical power tool are also used to dissect the bones as well as to fragment, emulsify and soft tissues from the body in all surgical procedures like reconstructive, sports injuries and also in complex surgeries like neurosurgery, spine and ENT.
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 pneumatic power tools are expected to be the second largest growing segment in the market as they are operated by the compressed gases like nitrogen, carbon dioxide and others. They are used for the surgeries of spine, cranial, ENT and orthopaedic surgeries.
Application like orthopaedic surgery, ENT surgery, neurology surgery, cardiothoracic surgery and other are comprised in the Europe surgical power tool market. The orthopaedic surgical tools are sub-segmented into spine, trauma, joint, craniomaxillofacial, dental and other surgeries.
The ENT surgeries segment dominated the market in 2020 as there is increase in the prevalence of ENT disorders. The ENT surgery means the surgical procedures performed of the ear, nose and throat. There are nearly 2.5 billion peoples worldwide or 1 out of 4 will going to live with some degree of the hearing loss by 2050, as per the report provided by the WHO.
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 high-speed drilling systems are likely to be the second largest growing segment. The high-speed drilling systems provides a spindle that can be operated at high speeds, that allows to permit penetration rates three to ten times more than the conventional rates. The bones are the thickest part and to perform the surgeries on bones there is requirement for the high speed drills to perform surgeries on bone. This is ultimately propelling the segment growth.
Surgical power tool market in Europe is studied for the countries including UK, Germany, France, Italy, Spain and rest of the Europe.
In Europe region U.K. is anticipated to dominate in the surgical power tool market. The growth is due to increasing number of cases of accidental injury and rising surgical procedure of various disease like dental, orthopaedic, ENT and other propelling the growth of the market in the region. Besides presence of key players and new product launches is driving the market growth of Europe region. The other countries like Germany, France, Italy, and Spain are also contributing to the market growth.
The major key players of the 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, Medtronic plc among others.
The study comprised of the Europe 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 the 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 countries and it analyses that the United Kingdom 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.
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