Orthopedic Power Tools Market worth $1.7B by 2020: Robotic and Computer-Assisted Devices Struggling to Win Over Global Orthopedic Surgeons

DALLAS, September 17, 2014 /PRNewswire/ --

Despite austerity measures, the global orthopedic power tools market will experience moderate growth from $1,406 million in 2013 to $1,674 million by 2020, at a Compound Annual Growth Rate (CAGR) of 2.5%. While marketing drivers will continue to enhance the existing growth trend in the global computer-assisted devices space, computer-assisted and robotic surgery is expected to remain the reserve of top-tier hospitals, mostly in developed countries. This, as per the research report titled "MediPoint: Orthopedic Power Tools - Global Analysis and Market Forecasts", available with MarketOptimizer.org at http://www.marketoptimizer.org/medipoint-orthopedic-power-tools-global-analysis-and-market-forecasts.html .

This orthopedic power tools industry analysis report states that the rising utilization of robotic surgeries will have a minimal impact on the orthopedic power tools market, which is forecast to be worth almost $1.7 billion by 2020. The cost-effectiveness of robotic devices for high-volume surgeries, such as large joint reconstruction and spinal fusion, remains to be justified. Furthermore, the research says that the current economic climate and reimbursement hindrance for computer-assisted joint replacements have resulted in many hospitals feeling reluctant to embrace these modern technologies, as a long delay for the equipment to recoup the extensive capital output is very visible. The research says that while all ten major markets (10MM: the US, France, Germany, Italy, Spain, the UK, Japan, Brazil, China, and India) are expected to grow in sales, western countries will be experiencing stronger pricing pressures and delayed capital equipment upgrades thanks to their governments' healthcare budget constraints for high-volume orthopedic surgeries. Companies like Aesculap, Arthrex, Brasseler USA (Tava Surgical in Outside US markets), ConMed Linvatec, DePuy Synthes, MicroAire, Misonix, Medtronic, OsteoMed, Stryker, Zimmer Holdings and other emerging players are discussed in this research report.

The analyst covering these orthopedic devices market says "Computer-assisted navigation provides an alternative method to improving precision in alignment, and has been recognized as a useful technique in patients with bone deformity. While navigation has earned increased enthusiasm from the orthopedic community over the past few years, with applications now evolving for use in hips and knees with less deformity in routine joint replacement surgeries, cost-effectiveness remains a significant barrier to the widespread adoption of these devices. In western economies, sales of pneumatic-powered tools will be declining as a proportion of the overall market, as surgeons adopt new-generation battery-powered systems. The adoption of these new technologies will be one of the key drivers of growth during the forecast period. However, cost-containment efforts by cash-strapped hospitals will continue to result in pricing erosion in nearly every segment of the orthopedic power tools market, particularly with large bone power tools, as the whole orthopedic community is now placing appreciable emphasis on austerity measures in hip and knee procedures."

Of the 10MM, this orthopedic power tools market research expects revenues to grow fastest in China and India, as these markets offer a multitude of opportunities for power tool manufacturers seeking international expansion. Stryker, currently the world's leading manufacturer of orthopedic power tools with 35% of the global market in 2013, will continue to dominate for the next few years. However, the competitive landscape is expected to evolve. Alongside financial considerations, key opinion leaders interviewed by the research team for this report, expressed concerns that computer navigation tends to lengthen operation times and does not necessarily promise statistically significant clinical superiority. Order a copy of MediPoint: Orthopedic Power Tools - Global Analysis and Market Forecasts 2014 research report at http://www.marketoptimizer.org/contacts/purchase?rname=8240 (US$ 6495 for a single user PDF).

Adding to the earlier comments, the analyst working on the orthopedic devices market says "Although the surgical protocol of robotic-assisted procedures is well-established, the technology has been slow to gain general acceptance. As with computer-assisted devices, the lingering issue is the cost of robotic systems, as orthopedic surgeons often question whether the clinical benefits offered by this equipment can outweigh the extra expenditure. The bar for effective competition has been raised again and again in the power tools field, making it very difficult for small- to mid-sized companies to navigate the competitive landscape. How the tier-two companies will leverage their platform technologies, in order to diversify their current portfolios and enhance their competitive edges against Stryker, will be the most interesting development to follow in the coming years."

This research analyzes large bone, small bone, and high-speed power tools segments. Within each segment, the adoption level and sales unit of battery-, electric-, and pneumatic-powered systems, and the revenue stream from capital equipment sales, consumables sales, and repair service are tracked and estimated based on primary as well as secondary research. The "What Do Physicians Think" quotes part of this orthopedic power tools market research provides a unique insight into how healthcare professionals are reacting to events within the industry, and what their responses could mean for industry strategists. This information is essential for all strategic decision makers in every organization allowing them to act on high quality information.

Explore more reports on medical devices industry and other life sciences segments at http://www.marketoptimizer.org/category/life-sciences .

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