Technavio Announces the Publication of its Research Report Global Surgical Power Tools Market 2016-2020
Technavio recognizes the following companies as the key players in the global surgical power tools market: CONMED, DePuy Synthes, Medtronic, Stryker, and Zimmer Biomet.
Other Prominent Vendors in the market are: Adeor Medical, Aesculapius, Anthrax, Aygun Surgical Instruments, B. Braun, Ceterix Orthopaedics, De Soutter Medical, DSM Biomedical, Ermis, Gordian Surgical, Insurgical, InTech Medical, KLS Martin, MARIOTTI & C, Mazor Robotics, MedicMicro, MicroAire, Nouvag, OsteoMed, Peter Brasseler Holding, Portescap, Pro-Dex, Shangai Bojin Medical Instrument, Smith & Nephew, and Stars Medical Devices.
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Commenting on the report, an analyst from Technavios team said: Medical tourism in Asia is increasing because of the availability of skilled surgeons, advanced hospitals, modern medical equipment, and all at low costs. Malaysia, Singapore, and India are the major countries that provide advanced surgeries. The rising quality of surgical power tool and infrastructure improvements are some of the reasons for the increase in medical tourism in developing countries. Individuals from developing countries are moving to prestigious hospitals in the UK for orthopedic surgeries. This has become an emerging trend and is expected to have a significant impact on market growth during the forecast period.
According to the report, one of the key drivers for market growth will be increasing adoption of battery-driven cordless surgical power tools. There is an increased adoption of battery-driven cordless surgical power tools owing to its advantages over conventional surgical tools. The use of Li-ion batteries in surgical tools is expected to improve the workflow efficiency of surgeons. These batteries offer greater energy density, improved reliability, longer life cycle, and higher performance. The market for Li-ion batteries is expected to double within the next few years. The technological competitiveness in the market has driven the vendors to offer more battery-powered surgical instruments in their product portfolios. Vendors are focusing on developing powered surgical instruments that are lighter in size and ergonomically designed. The conventional surgical tools have limitations in sterilization methods. However, the battery packs can be sterilized by various methods such as hydrogen peroxide gases, ethylene oxide gases, and gamma rays.
Further, the report states that biofouling of surgical power tools poses several challenges and may affect the market growth. Surgical power tools such as drills, saw, and reamers are used in many applications such as orthopedic, dentistry, neurology, and ophthalmology. These tools have complex designs that restrict the access of cleaning and sterilization. Due to repeated use, they become contaminated with microbial and tissue residues and increases the risk of infections to skin and soft tissues. Surgical power tools such as power drills do not have the option for autoclave, and the probability of contamination is very high from such devices. The infection rate ranges from 10%-70% and may also increase long-term complications in individuals. Healthcare professionals should be aware of the complications associated with contamination and should review manufacturer’s reprocessing instructions before purchase.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Surgical Power Tools
Surgical power tools are specially manufactured devices that utilize different sources of energy for carrying out a particular action such as drilling or fixing implants during surgeries. Many surgical power tools such as drills, saws, and reamers are available in the market. These devices use different energy sources such as electricity, battery, or compressed gases like carbon dioxide, nitrogen, or compressed air, a used in pneumatic devices. These power tools are used in orthopedic; thoracic; oral; neurology; and ear, nose, and throat (ENT) surgeries.
Technavios analysts forecast the global surgical power tools market to grow at a CAGR of 3.2% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global surgical power tools market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales of the surgical power tools.
The market is divided into the following segments based on geography:
Technavio’s report, Global Surgical Power Tools Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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