DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7clmdn/medipoint) has announced the addition of the "MediPoint: Orthopedic Power Tools - Global Analysis and Market Forecasts" company profile to their offering.
Orthopedic Power Tools Market to Witness Moderate Growth Despite Austerity Measures
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%, according to the research and consulting firm authors.
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.
Analyst Linda Tian says: 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, the authors expect revenues to grow fastest in China and India, as these markets offer a multitude of opportunities for power tool manufacturers seeking international expansion.
While the high cost of battery-powered systems will hinder their widespread adoption in the developing world, the improving healthcare infrastructures and anticipated increase in procedure volumes in China and India will help to drive the market in these countries, states the analyst.
Key Topics Covered:
1 Tables & Figures
3 Industry Overview
4 Market Drivers
5 Market Opportunities
6 Market Barriers
7 Unmet Needs
8 Competitive Assessment
9 Current and Future Players
10 Market Outlooks
- Brasseler USA (Tava Surgical in Outside US markets)
- ConMed Linvatec
- DePuy Synthes
- De Soutter Medical
- Zimmer Holdings
For more information visit http://www.researchandmarkets.com/research/7clmdn/medipoint.