North America to Account for Largest Revenue Share of Orthopedic Power Tools Market | Misonix, CONMED Corporation, B Braun, Zimmer Biomet, Johnson & Johnson
For the forecast period, 2017 to 2026, Fact.MR has projected a moderate expansion for the global orthopedic power tools market in its recent report. Global sales of orthopedic power tools are estimated to reach approximately US$ 2,500 Mn in revenues by 2026-end.Prominent Manufacturers Engaging in Orthopedic Power Tools’ Safety & Ergonomics
Recent increase in the global geriatric population has led toward a rise in incidences of orthopedic diseases, which require surgical intervention, thereby fuelling demand for orthopedic power tools. The advent of modern electronic technologies including power-assisted, robotic, and minimally invasive orthopedic surgery equipment have further escalated adoption of orthopedic power tools. Although orthopedic power tools offer inherent benefits, surgeons are exposed to risks related to the prolonged use of vibrating tools, hazards pertaining to aerosol/ droplet infection from patients, and protracted exposure to loud noise. Prominent manufacturers have therefore been actively engaging in aspects of orthopedic power tools’ safety and ergonomics, in a bid to develop a range of power-assisted equipment tailored to the precision of the procedure’s nature, while addressing efficacy and safety of surgeons.
This Press Release will help you to understand the market Statistics of US Region.Click HERE To get SAMPLE PDF (Including Full TOC, Table & Figures) at >>> https://www.factmr.com/connectus/sample?flag=S&rep_id=334
Leading companies in the market are frequently launching innovative and advanced technology-based orthopedic power tools, which has created entrance barriers for new market players. An extremely competitive scenario is being observed in the market, compelling well-established players to enhance their efforts for retaining their position. Ongoing research activities associated with orthopedic power tools are focused toward possibilities of using more efficient & novel energy resources for powering tools, and hand pieces’ interchangeability for better convenience and modulation.
6 Key Takeaways from Fact.MR’s Report on Orthopedic Power Tools Market for Forecast Period 2017-2026
North America is anticipated to remain the largest market for orthopedic power tools, in terms of revenues. Factors such as large-scale presence of surgical centers and hospitals, along with rapid technological advancements are expected to retain North America’s dominance in the market. The market in Europe will also account for a major portion of the market’s revenue share during 2017 to 2026.
Asia-Pacific excluding Japan (APEJ) will witness a robust expansion in the market through 2026. This growth can be primarily attributed to increased prevalence of osteoporosis in APEJ countries such as China and India, along with rising prevalence of medical tourism in the region owing to availability of low-cost modern medical equipment, advanced hospitals, and skilled surgeons.
Based on modality, revenues from reusable orthopedic power tools’ worldwide sales will account for nearly three-fourth share of the market by 2026-end. However, reusable or disposable tools are expensive, require high maintenance costs, and are associated with risks regarding infection from patient. This has led surgeons toward adoption of single-use orthopedic power tools, which are convenient and cost-effective. Reusable orthopedic power tools will register the fastest expansion in the market through 2026.
Accounting for the largest market revenue share during 2017 to 2026, hospitals will remain the largest end-users of orthopedic power tools market. However, orthopedic clinics are projected to register the highest CAGR in the market through 2026. Revenues from ambulatory surgical centers will increase at a CAGR lower than those from orthopedic clinics, and higher than those from hospitals through 2026.
Although small bone power tools will account for the lowest revenue share of the market, their sales will reflect a relatively faster expansion than sales of large-bone power tools through 2026. In addition, sales of high-speed power tools will ride on the highest CAGR in the market, to become the second most lucrative product by 2026-end.
Key market participants profiled by Fact.MR’s report include Stryker Corporation, Johnson & Johnson, Zimmer Biomet, B Braun, CONMED Corporation, and Misonix.
Pre-Book Right Now for Exclusive Analyst Support >>> https://www.factmr.com/checkout/334/S
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release North America to Account for Largest Revenue Share of Orthopedic Power Tools Market | Misonix, CONMED Corporation, B Braun, Zimmer Biomet, Johnson & Johnson here
News-ID: 2251773 • Views: …
More Releases from Fact.MR
Deception Technology Market Set for Remarkable Growth, Expected to Surpass US$ 7 …
By 2033, the global deception technology market is projected to have grown from US$ 2 billion in 2023 to US$ 7.5 billion, with a startling compound annual growth rate (CAGR) of 14.1%.
By creating realistic-looking but phony assets-such as domains, databases, servers, files, credentials, apps, cookies, and more-that are inserted into a network alongside actual assets, deception technology plays a significant role in protecting an organization's sensitive data.
Download a Sample Copy…
Low-Alcohol Beverages Market Is Anticipated To Reach A Value Of US$ 1.2 Billion …
In 2023, the global market for low-alcohol beverages is projected to achieve a valuation of US$ 800 million. Moreover, by the end of 2033, the global sales of beverages featuring low alcohol content are anticipated to soar to US$ 1.2 billion. This growth trajectory is expected to be sustained, with a compound annual growth rate (CAGR) of 4.5% forecasted through to 2033.
The Low-alcohol Beverages Industry sales study offers a comprehensive…
Future Outlook: Pet Sitting Services Market Poised for 8.3% CAGR Growth, Targeti …
In 2022, the global pet sitting services market was valued at US$ 1.6 billion. Looking ahead, the market is projected to grow at a robust compound annual growth rate (CAGR) of 8.3%, reaching a valuation of US$ 3.6 billion by the conclusion of 2032.
The Pet Sitting Services Industry sales study offers a comprehensive analysis on diverse features including production capacities, Pet Sitting Services demand, product developments, sales revenue generation and…
Hyperspectral Imaging Market Is Forecasted To Reach US$ 2.34 Billion By 2034: Fa …
According to the latest industry analysis by Fact.MR, the global hyperspectral imaging market is projected to grow at a compound annual growth rate (CAGR) of 10.6%. This growth trajectory is anticipated to elevate the market value from US$ 856.3 million in 2024 to reach US$ 2.34 billion by the conclusion of 2034.
The Hyperspectral Imaging Industry sales study offers a comprehensive analysis on diverse features including production capacities, Hyperspectral Imaging demand,…
More Releases for North
North America Epoxy Composites Market
North America Epoxy Composites Market, By Type (Glass Fiber, Cotton Fiber, Paper Fiber), Resin Type (Epoxy Resin, Phenolic Resin, Melamine Resin), Manufacturing Process (Layup Process, Compression Molding Process, Resin Injection Molding Process, Resin Transfer Molding Process, Filament Winding Process, Pultrusion Process), End User (Wind Energy, Aerospace and Defense, Sporting Goods, Automotive and Transportation, Electrical and Electronics, Pipe and Tank, Marine, Others), Country (U.S., Mexico, Canada) Industry Trends and Forecast to…
North America Drone Simulator industry report - North America Drone Simulator Ma …
The drone simulator market in North America is expected to reach US$ 535.17 million by 2028 from US$ 251.38 million in 2021; it is estimated to grow at a CAGR of 11.4% from 2021 to 2028.
The latest North America Drone Simulator Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis…
UberJets Helping People Get North!
In 2022 consumers have the freedom to purchase, order, or reserve, practically anything with a click of a button. Buying has never been more transparent through the utilization of mobile app technology. Typically, users can perform tasks such as book a hotel or purchase game tickets all from an app; so it only makes sense that one can order a private aircraft to get to anywhere, and anytime using the…
North America Apnea Monitors Market : North America Opportunity Analysis and Ind …
CRIFAX has recently announced its latest research report on 'North America Apnea Monitors Market, 2020-2028' to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market are also stated…
North America Footwear Market -Consumers In North America Are More Inclined Towa …
In the last couple of years, North America has emerged at the forefront of the fashion and sports apparel industry. Not only has easy and uninterrupted internet access bolstered consumer awareness regarding the latest buzz in the fashion scenario, but it has also helped them shop for the products they want with a simple touch of their fingers on their smartphones or tablets. The developed countries in the region such…
Electrical Fuses Market: Production Enterprise To Become Main Application Phase …
The North America electrical fuses market is likely to witness the advent of more compact and slimmer electronics with leading players vying to cater to ever-changing consumer preferences. The development of the latest technologies and innovation have thus emerged as the most defining trends in the market. The electrical fuses market in North America is primarily driven by the rising demand for electricity and efficient power delivery systems. Besides this,…