Global Surgical Power Tools Market to Grow 3.2% by 2020 - Limitations in Hand-Powered Drills Driving Demand for Surgical Power Tools - Research and Markets
DUBLIN, September 22, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Surgical Power Tools Market 2016-2020" report to their offering.
The report forecasts the global surgical power tools market to grow at a CAGR of 3.2% during the period 2016-2020.
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.
Key vendors:
- CONMED
- DePuy Synthes
- Medtronic
- Stryker
- Zimmer Biomet
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by power source
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/v4qlz9/global_surgical
Related Topics: Surgical Devices
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