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 energetic medical devices that has applications during the surgeries. It is used by the surgeons to make surgeries accurate and easier. They are used to treat the most of the serious injuries. In earlier times the surgical power tools are basic need for the surgeon and the medical staff. The surgical power tool has types like reamers, drills, saws, staplers, robots, and debrides. As there is technological adoption is going in the healthcare fields the surgical power tool is gaining more attention by the surgeon and the healthcare staff.
The North America surgical tool market is witnessing rapid growth during the forecast period. The use of technical advanced surgical power tools is gaining attention as they provide ease and convenience during surgeries. The major driving factors like prevalence of osteoporosis in geriatric populations and rise in the incidences of fragile fractures of wrist, hip and spine in elderly population owing to the lack of required calcium levels in body are propelling the market growth of North America surgical power tool market. However, lack of skilled professionals to use surgical power tools and sterilization problems of surgical power tool are hindering the market growth of North America surgical power tool 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 due to that the COVID-19 has the negative impact on the surgical power tool 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 North America economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The North American 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 North America surgical tool market. The disposables segment is further sub-segmented into drills, saws, staplers, reamers, blades, burr, and shavers.
The disposable products are likely to be fastest growing segment in the market as there is increase in the adoption of use and throw tools in the region. And in addition to that they are relatively inexpensive and require low maintenance cost due to that there is a surge in the demand for disposable products in the North American region.
Technologies like electric-operated power tools, battery-driven power tools, and pneumatic power tools are analysed in the North America surgical power tool market.
The electrically operated power tools are expected to be fastest growing in the market. As it provides the consistent torque throughout the surgery even with the resistance and high load on the tool. Nowadays, surgeons are giving priority to electrically operated power tools as it includes feature to control the speed of the tools.
Application like orthopaedic surgery, ENT surgery, Neurology surgery, cardiothoracic surgery and other are comprised in the North America surgical power tool market. The orthopaedic surgical tools segment is also sub-segmented into spine, trauma, joint, craniomaxillofacial, dental and other surgeries.
The dental surgery is estimated to be the fastest growing segment in the market. The dental problems are rising owing to the changing lifestyles, changing eating habits such as consumption of sugary food and drinks, use of medicines that reduces the amount of saliva in mouth, and poor brushing habits. It is ultimately creating more demand for surgical power tools for dental surgery application. In addition, the untreated dental caries in permanent teeth is one of the common dental health conditions according to the report of global burden of diseases in 2017.
The device types like large bone power tools, medium bone power tools, small bone power tools, and high-speed drilling system are analysed in the North America surgical power tool market.
The small bone power tool is likely to be the fastest growing segment in the market as there is increase in the orthopaedic surgeries of the small fractures of bones. The rising in sports injury and increase small accidents on road are also creating more demand for small bone power tools across the region.
The countries like US, Mexico and Canada are studied in the North America surgical power tool market.
Country wise United States likely to dominate the market in 2020 owing to increasing population and increasing in the number of the hospitals and speciality clinics. The rise in technological advances and government initiative for the adoption of modern healthcare services are also propelling the growth of market. Followed by the United States, Canada and Mexico also projected to witness rapid growth of the market.
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, and Medtronic plc among others.
The study comprised of the North America 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 States 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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