U.S. Orthopedic Power Tools Market 2018 Size, Competitive Research by Stryker Inc., Zimmer Holdings Inc., Misonix Inc., Arthrex, Aesculap, ConMed Corporation, DePuy Synthes

According to Optima Insights, the U.S. Orthopedic Power Tools Market is estimated to be valued at US$ XX million in 2017 and is projected to exhibit a CAGR of 4.1% over the forecast period (2019 – 2023).

Key Trends and Analysis of the U.S. Orthopedic Power Tools Market:

Orthopedic Power Tolls are the devices which are used in the operating room to drill, cut or puncture the bones during or when required in the orthopedic surgeries. Orthopedic power tools ease the surgical performance for drilling and sawing the bone. Light-weight, highly modular, integrated, and user-friendly orthopedic power tools are easy to handle when compared to conventional power tools. Such possessions of orthopedic power tool are expected to showcase positive growth of the orthopedic power tools market. Increased orthopedic surgeries is one of the major causes for the use of orthopedic power tools. During orthopedic surgeries or procedures, the bones are drilled with the orthopedic power tools in order to fix the bones with plates, screws, nails or other fixators etc., For instance, according to American Joint Replacement Registry, 2016, the total number of procedures performed in the year 2012-2015 are around 427,181 procedures from 416 hospitals and 3,170 surgeons. Overall, this is an increase of procedures by 102%, a 75% increase in reporting hospitals, and a 41% increase in surgeons.

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Additionally, with technology advancement and increasing geriatric population is expected to propel the orthopaedic power tool market over the forecast period. For instance, in March 2017, Stryker Corporation commercially developed a range of instruments under the brand name called System 8 Power Tool. This tool is used for orthopaedic procedures which includes System 8 SABO sagittal saw and System 8 cordless drivers that offer better accuracy and are more efficient.

However, high cost, early contamination of the devices, increasing manufacturing costassociated with orthopaedic power tools, and stringent regulatory guidelines are the factors hindering orthopaedic power tools market growth. In general, the registration fees by Food and Drug Administration for major medical devices manufacturing companies has increased by 33% in 2018 with the 510(k) application fees rising by 125%.

Surgical infection is one of the major concerns in U.S. hospitals as that leads to post-operative surgical infection and around 30-35% of cases leads to inpatient surgery. For instance, according to Epidemiology of Surgical Site Infection, it has been estimated that 1 out of 24 patients undergoing inpatient surgery in the U.S.

Key Market Takeaways:

• The U.S. Orthopedic Power Tool Market is expected to exhibit a CAGR of 4.1% during the forecast period (2019 – 2023), with the increase in U.S. orthopedic cases requiring fixation of screws or plates for Hip and Knee procedures, specially

• Among the device type, the large bone power tool segment is expected to exhibit a significant CAGR of 5.1%, owing to technological advancement in the orthopedic power tools market.

• A fewkey competitors operating in the U.S. Trauma Fixation Devices Market include Stryker Inc., Zimmer Holdings Inc., Misonix Inc., Arthrex, Aesculap, ConMed Corporation, DePuy Synthes, Brasseler, Medtronic, MedicMicro, B. Braun, OsteoMed, and Aygun Surgical Instruments.

Optima Insights has a geographical/regional coverage on five major regions, include, North America, Latin America, Europe, Asia Pacific,and Middle East & Africa. This extensive regional coverage also deep dives into major 26 countries, include, U.S., Canada, Brazil, Mexico, Argentina, Rest of Latin America, U.K., Germany, France, Italy, Spain, Russia and Rest of Europe, India, China, Japan, Australia, South Korea, Australia, ASEAN, Rest of Asia Pacific, Israel, GCC, Rest of Middle East, North Africa, Central Africa and South Africa.

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