Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Surgical power tools are a medical device that are used to perform surgical procedures in easy and convenient way. They help in the different surgical procedures like drilling, sawing, reaming and screwing. Which is generally used by human and veterinarian for the various surgeries like orthopaedic, traumatology, neurology, and ENT surgery. These tools are operated on electrical, battery and pneumatic manners. In Australia there are 10,156 surgeries were performed in the year of 2016 according to report of World Bank organizations.
The Asia Pacific Market is experiencing tremendous growth of the market. Growing number of surgeries across the region is propelling the growth of region since decades. The surge in adoption of surgical power tools for the surgeries, increasing trends of adopting robotic surgeries owing to technical advancement in the healthcare sectors and increasing demand of effective and easy to operate tools by the physician and surgeons are also propelling the market growth. However, high cost of surgical power tools could hinder the market growth of Asia Pacific surgical power tools.
The exclusive COVID-19 impact analysis report by axiom MRC provides a 3600 analysis of micro and macro-economic factors on the surgical power tool market. In addition, complete analysis of changes on surgical power tool expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Asia Pacific economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 pandemic has the mix impact on the healthcare sectors. As due to the lockdown circumstances the transportation chain is get hampered. And it also has impact on the sale of surgical power tool in addition to that the majority of surgical procedures are postponed due to the pandemic situations and it is also disturbing the demand and supply chain as due to that the COVID-19 has the negative impact on the surgical power tool market.
The Asia Pacific surgical power tool market is segmented by product, technology, application, device type and country.
The product like handpiece, disposables and accessories are analysed in the Asia Pacific surgical tool market. The disposables segment is further sub-segmented into drills, saws, staplers, reamers, blades, burr, and shavers. The disposable sub-segment is likely to dominate the market. The disposable surgical power tool performs the surgical procedures like drilling and reaming of bones. The surgical power tools gets contaminated after the single use and they comes under the biomedical waste and should have to discard properly as they are contaminated by blood, body fluids, secretions or excretion are considered as hazardous materials. Thus increasing demand for disposable medical devices and use and throw products is expanding the growth of the segment.
The various technologies like electric-operated power tools, battery-driven power tools, and pneumatic power tools are analysed in the APAC surgical power tool market. The battery driven segment is likely to dominate the market as they come wireless and can be operated at a high speed. The wireless technologies adoption is increasing as there is no interference of the wires and connections at the times of surgical procedures which gives a hustle free surgical experience to the surgeon.
The surgical power tool has different applications like orthopaedic surgery, ENT surgery, Neurology surgery, cardiothoracic surgery and others. The orthopaedic surgical tools are sub-segmented into spine, trauma, joint, and craniomaxillofacial, dental and other surgeries. Craniomaxillofacial surgeries is also likely to contribute to the market growth. The craniomaxillofacial surgeries are the surgeries performs for reconstructions of soft tissues and skeletal structure of skull and face. There is certain rise in the craniomaxillofacial surgeries as there is rising in the facial injuries and fractures. High demand for bone regeneration strategies and materials is also attributed to the segment growth.
The surgical power tool is comprised of various device types like large bone power tools, medium bone power tools, small bone power tools, and high speed drilling system. The medium bone power tools likely to witness rapid growth of the market. The increasing number of accidental fractures and injuries, in addition to that the growing demand for robotics surgeries are driving the growth of the medium bone power tool in the market.
The surgical power tool market is studied for the countries like Japan, India, Australia, South Korea and China. In Asia pacific region, China followed by Japan is anticipated to dominate in the surgical power tool market. The growth of the countries is seen due to the increasing technological advances in the healthcare sectors and rise in healthcare budget thereby increase in the surgical procedures in the regions. Besides shifting from conventional to minimally invasive surgeries is driving growth of the Asia pacific in the surgical power tool market. The other countries like India, Australia and South Korea are likely to contribute in the growth of Asia Pacific surgical power tool market.
The major key players of the market are DePuy Synthes (Johnson & Johnson), B. Braun Melsungen AG, iMEDICOM, DeSoutter Medical, Adeor medical AG, Shanghai Bojin Medical Instrument Co. Ltd, AlloTech Co. LTD, Stryker Corporation, Zimmer Biomet, Orthopromed, Nouvag AG, Medical Bees GmbH, MatOrtho, Exactech, Medtronic plc among others.
The study comprised of the Asia Pacific surgical power tool market. And the study analysed various segments like product, technology, applications, and device type. The study also covers the dominating segments of the market. The product segment is likely to dominate by the drills as their high applications in the orthopaedic surgeries likewise the technological segment is dominated by the battery driven power tools and application segment is leaded by the orthopaedic surgeries. Lastly the device type segment is leaded by the large bone power tools as by using these tools the surgery became easier and efficient. The study also comprised of the countries and it analyses that China is likely dominate the surgical power tools market. Besides, the study also covers the impact of the COVID-19 pandemic. The COVID-19 pandemic has the mix impact on the healthcare sectors. As due to the lockdown circumstances the transportation chain is get hampered and also has impact on the sale of surgical power tool in addition to that the majority of surgical procedures are postponed due to the pandemic situations and it is also disturbing the demand and supply chain as due to that the COVID-19 has the negative impact on the surgical power tool market. The study also analysed the major key players operating in the regions.
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