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Top 4 Emerging Trends Impacting the Surgical Power Tools Market Until 2020: TechnavioTechnavio's latest report on the global surgical power tools market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline. Barath Palada, a lead analyst from Technavio, specializing in research on orthopedics and medical devices sector, says, "Surgical power tools form an integral part of orthopedic, cardiovascular, spine, ENT, and neurological surgeries. Power tools are now used in all aspects of surgeries, ranging from use in wound management to the use of drilling, sawing, and reaming in long bone fractures using screws and nails." The global surgical power tools market is witnessing a shift in demand from pneumatic surgical power tools to electric and battery-driven surgical power tools, owing to the increased advantages of these tools over conventional surgical power systems. Some of the advantages include increased reliability, durability, and ease of sterilization. Request a sample report: http://www.technavio.com/request-a-sample?report=52541 Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. The top four developing trends driving the global surgical power tools market according to Technavio healthcare and life sciences research analysts are:
Advent of robotic surgery driving demand for surgical power tools The increased demand for robotic surgery has fuelled the market for surgical power tools. The limited availability of surgeons worldwide has driven the demand for robotic surgery, including minimally invasive surgeries. Surgical robots work with multiple arms, increasing the demand for various surgical power tools. For instance, the University of Washington has developed a surgical robot that can use multiple surgical tools during operations. Surgical robots are self-powered, computer-controlled devices that can be programmed to support the positioning and manipulation of surgical instruments including surgical power tools. "Surgical robotic systems involve less post-surgical complications and help in reducing labor cost. Due to this, large-scale hospitals in developed and developing economies now prefer automated surgical robots that can be integrated with various surgical power tools," according to Barath. For instance, about 30 healthcare facilities in India have already adopted surgical robots to provide better patient care. In 2015, nearly 190 robotic surgeons performed 4,000 surgical procedures in India. Paradigm shift toward the adoption of single-use power tools There has been significant shift in the global surgical power tools market toward the use of single-use or disposable surgical power tools compared with the traditional reusable surgical power tools. The conventional power tools are reused on several individuals and reprocessed at the hospital after each surgery. This increases the risk of infection in an individual. Further, the use of conventional power tools impacts workflow efficiency adversely. On the other hand, single-use power tools are delivered to the hospital pre-sterilized, in a single-use format. Single-use power tools are a cost-effective alternative to expensive reusable power tool used in hospitals worldwide. The single-use tools powered by rechargeable Li-ion batteries cost USD 100. Increase in demand for minimally invasive surgeries The market has been witnessing a trend of minimally invasive surgeries, which is expected to have a positive impact in the future. Minimally invasive surgeries can be performed as an outpatient procedure. Over the years, minimally invasive surgeries have gained popularity. Spinal, neurosurgical, and orthopedic diseases are the segments where the maximum number of minimally invasive surgeries are conducted. Minimally invasive surgeries use surgical power tools that conduct surgeries with a small incision, involve shorter hospital stay after surgery, less danger of bleeding, and shorter recovery time. The growing advances in this procedure are expected to fuel the surgical power tools market. For instance, in March 2016, the Brigham Young University developed tiny origami-inspired devices, which are small tools that operate through small incisions that also heal very quickly. New research will enable the vendors to develop smaller surgical tools thereby improving the patient care. Rise in medical tourism in emerging countries Medical tourism in Asia is increasing because of the availability of skilled surgeons, advanced hospitals, modern medical equipment, and all at low costs. Malaysia, Singapore, and India are the major countries that provide advanced surgeries. The rising quality of surgical power tool and infrastructure improvements are some of the reasons for the increase in medical tourism in developing countries. Individuals from developing countries are moving to prestigious hospitals in the UK for orthopedic surgeries. This has become an emerging trend and is expected to have a significant impact on market growth during the forecast period. The top vendors are as follows:
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Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected]. View source version on businesswire.com: http://www.businesswire.com/news/home/20160923005194/en/ |
