What is Orthopedic Power Tool?
Orthopedic power tools are powered instruments and accessories used to cut, shape, fixate and dissect bone. It helps surgeons to perform surgeries on a faster pace and with more precision. These power tools assist surgeons at various levels while the person is being operated for orthopedic surgeries. These tools can be battery operated, pneumatic or electrical. They are used in all aspects of surgery ranging from use in wound management through pulse lavage, to the use of drilling and reaming in long bone fractures.
The market study is broken down by Type (Reamers, Drills, Saws, Shavers, Staplers and Others), by Application (Hospitals and Ambulatory Surgical Centers) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microaire Surgical Instruments, Inc. (United States), Zimmer Biomet (United States), Peter Brasseler Holdings, LLC. (United States), Stryker Corporation (United States), Johnson and Johnson (DePuy Synthes) (United States), CONMED Corporation (United States), Medtronic plc (Ireland), B. Braun Melsungen AG (Germany), Desoutter Medical Ltd. (United Kingdom) and Smith and Nephew plc. (United Kingdom) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Orthopedic Power Tool market by Type, Application and Region.
On the basis of geography, the market of Orthopedic Power Tool has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Pneumatic-Powered Systems will boost the Orthopedic Power Tool market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online Channel will boost the Orthopedic Power Tool market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In December 2019, Johnson & Johnson has announced an agreement to acquire the remaining stake in Verb Surgical Inc. following a successful strategic collaboration with Verily, an Alphabet company. Verb Surgical's world-class robotics and data science capabilities combined with Johnson & Johnson's health care leadership and global reach advance the company's vision to make medical interventions smarter, less invasive and more personalized.
- Technological Advancements in the Orthopedic Power Tools
- Increased Number of Surgeries Worldwide
- Robust Increase in the Distribution Channels
- Rise in the Number of Hospitals and Clinics
- Increasing Geriatric Population around Globe
- Growth in the Healthcare Industry
- Cost Associated with Orthopedic Power Tools
- Technical Issues Associated with these Power Tools
Key Target AudienceDistributors, Emerging Countries, Research Professionals and End-users
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.