Surgical Power Tools Market is growing with factors such as increased geriatric population and neurological disorders, along with the rising orthopedic surgeries are driving the market. However, the stringent regulatory laws, high prices of the products may obstruct the growth of the market in the given forecast period.
Global Surgical Power Tools Market Scenario
According to Data Bridge Market Research, the market for surgical power tools in North America region has the highest market share. Market leader is DePuy Synthes (The Orthopedic Company of Johnson & Johnson Services, Inc.) which accounts an estimated market share of approximately 30.62%. The company has gained outstanding sale through providing innovative and advanced surgical power tools to all the countries and rapid product approvals.
- In October 2019, Johnson & Johnson Services Inc. announced that DePuy Synthes* has launched the 2.7 mm Variable Angle Locking Compression Plate (VA LCP ) Clavicle Plate System for the treatment of lateral, shaft and medial fractures for small, medium and large clavicles. This will account more data for engineer to produce further products and increase product pipeline.
Now the question is which other regions is DePuy Synthes (The Orthopedic Company of Johnson & Johnson Services, Inc.), Stryker and Zimmer Biomet are targeting? Data Bridge Market Research has estimated a large growth in North America surgical power tools market and the market leaders targeting U.S., and Canada to be their next revenue pockets for 2021.
The surgical power tools market is becoming more competitive with companies such as DePuy Synthes (The Orthopedic Company of Johnson & Johnson Services, Inc.), Stryker and Medtronic as they are the top dominating companies in surgical power tools having maximum number of products and services. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global surgical power tools market.
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Global Surgical Power Tools Market Development
- In December 2020, Medtronic received the U.S. FDA approval for Midas Rex high-speed drills with the Mazor Robotic Guidance System. The new integrated system offered high predictability and enhanced the precision of a broader range of procedures leading to better patient outcomes. This approval allowed the company to penetrate its roots in the global surgical power tools market by allowing surgeons to quickly visualize spinal structures and anatomy structures with each other in 3D
Scope of the Global Surgical Power Tools Market
Surgical power tools market is segmented on the basis of geography into the North America, Europe, Asia-Pacific, South America, Middle East and Africa and according to the countries such as, U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Netherlands, Russia, Turkey, Belgium, Switzerland, Rest of Europe, Japan, China , Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, South Africa, UAE, Israel, Egypt, Rest of Middle East and Africa.
- All country-based analysis of global surgical power tools market is further analyzed based on further segmentation. On the basis of product, the surgical power tools market is segmented into hand piece, disposables and accessories. On the basis of technology, the surgical power tools market is segmented into electric-operated power tools, battery-driven power tools, pneumatic power tools, others. On the basis of device type, the surgical power tools market is segmented into large bone power tools, small bone power tools, medium bone power tools, others. On the basis of application, the surgical power tools market is segmented into orthopaedic surgery, ENT surgery, neurology surgery, dental surgery, cardiothoracic surgery, others. On the basis of end user, the surgical power tools market is segmented into hospitals, ambulatory surgical centres (ASC), clinics, others. On the basis of distribution channel, the surgical power tools market is segmented into direct tenders and third party distribution
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Key Pointers Covered in Global Surgical Power Tools Market Industry Trends and Forecast to 2028
- Market Size
- Top to Bottom Market Analysis
- Recent Developments for Market Competitors
- Recent Market Value for Different Countries
Key Market Competitors Covered in the Report
- Zimmer Biomet
- NOUVAG AG
- Medical Bees Gmbh
- Exactech, Inc
- DePuy Synthes (The Orthopedic Company of Johnson & Johnson Services, Inc.)
- B. Braun Melsungen AG
- CONMED Corporation
- Adeor Medical AG
- Arthrex, Inc.
- Shanghai Bojin Medical Instruments CO., Ltd
- Chongqing Xishan Science & Technology Co., Ltd.
- Sharma Orthopedic India Pvt Ltd
- NSK LTD.
- Sharplinegroup, MatOrtho Limited
- PUSM MEDICAL
- Komet Medical
- Wuhu Ruijin Medical Instrument & Device Co., ltd.
- Aygun co., Inc.
- De Soutter Medical
- AlloTech Co., LTD
Above are the key players covered in the report, to know about more and exhaustive list of surgical power tools market companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-surgical-power-tools-market
Research Methodology: Global Surgical Power Tools Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
- Demand Side: Chief Level Officers, Product and Marketing Manager, Distributors, Buyers.
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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