In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Orthopedic Surgical Power Tools market for 2018-2023.
This report studies the Orthopedic Surgical Power Tools market. The power tools are required to perform orthopedic surgeries. These power tools assist at various levels while the person is being operated for orthopedic surgeries. The different types of bone drills manufactured by GPC are powerful, reliable, and durable, with the right intrusion power to assist the surgeons to perform their surgeries successfully.
North America (with a revenue market share 41%) accounted for the largest share in the global orthopedic power tools market, followed by Europe in 2017. This is mainly attributed to increase in healthcare expenditure and large number of skilled healthcare professionals in North America.
By technology, the market is segmented into pneumatic powered, battery operated and electric powered. And the electric powered type cover a revenue market share of 52%.
Global players in the industry are partnering with companies and organization based in Asia, in order to expand their geographic presence in this highly lucrative market. This is expected to increase the availability of advanced equipment such as orthopedic power tools in the region. Key players operating in the global orthopedic power tools market include DePuy Synthes, Stryker, Medtronic, CONMED, Zimmer Biomet, B. Braun, Arthrex, OsteoMed, Smith & Nephew, Brasseler USA, De Soutter Medical, Adeor, MicroAire and etc.
Over the next five years, LPI(LP Information) projects that Orthopedic Surgical Power Tools will register a 2.8% CAGR in terms of revenue, reach US$ 1540 million by 2023, from US$ 1300 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Orthopedic Surgical Power Tools market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
Ambulatory Surgery Centers (ASC)
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Smith & Nephew
De Soutter Medical
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Orthopedic Surgical Power Tools consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Orthopedic Surgical Power Tools market by identifying its various subsegments.
Focuses on the key global Orthopedic Surgical Power Tools manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Orthopedic Surgical Power Tools with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Orthopedic Surgical Power Tools submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.