Swiss Orthopedic Power Tools Market, By Product (Handpieces and Accessories), Technology (Electric Powered Device, Battery Powered Device and Pneumatic Powered Device), Usage (Reusable and Disposable), Site (Lower Extremities and Upper Extremities), Application (Joint Replacement, Spinal and Neuro, Orthopedic Trauma Injuries, Maxillofacial & Dental, Osteoarthritis & Degenerative Arthritis, Rheumatoid Arthritis, Soft Tissue Injuries and Others), End User (Hospital, Ambulatory Surgical Centers (ASC), Clinics, and Others), Distribution Channel (Direct Tender and Third Party Sales) Industry Trends and Forecast to 2029.
Market Definition: Swiss Market
An orthopedic power tool is an equipment used to perform surgery on bone or bone fragments. These tools help in sawing, drilling, screwing, and reaming. Human or veterinary orthopedic surgery, neurology, ENT surgery, and traumatology are the main application areas of these tools. The invention of power tools has revolutionized modern orthopedic surgery. This power equipment makes surgeries perfectly efficient and flawless.
In almost all aspects of orthopedic surgery, these power tools are indispensable. They are used in wound management through pulse lavage, drilling, and reaming in long bone fractures using screws and intramedullary nails.
Swiss Market Analysis and Insights
Swiss orthopedic power tools market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.3% in the forecast period of 2022 to 2029 and is expected to reach USD 19.82 million by 2029 from USD 14.42 million in 2021.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Product (Handpieces and Accessories), Technology (Electric Powered Device, Battery Powered Device and Pneumatic Powered Device), Usage (Reusable and Disposable), Site (Lower Extremities and Upper Extremities), Application (Joint Replacement, Spinal and Neuro, Orthopedic Trauma Injuries, Maxillofacial & Dental, Osteoarthritis & Degenerative Arthritis, Rheumatoid Arthritis, Soft Tissue Injuries and Others), End User (Hospital, Ambulatory Surgical Centers (ASC), Clinics, and Others), Distribution Channel (Direct Tender and Third Party Sales)
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Countries Covered
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Swiss
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Market Players Covered
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The major companies which are dealing in the market are Stryker, DePu Synthes (A subsidiary of Johnson and Johnson Inc.), CONMED Corporation, Medtronic, Smith+ Nephew, B.Braun Melsungen AG, Olympus Corporation, Nouvag AG, NAKANISHI INC., Zimmer Biomet, Gomina AG, and Arthrex Inc. among others.
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Orthopedic Power Tools Market Dynamics
Drivers
- Increasing prevalence of osteoporosis
Osteoporosis is a chronic condition in which the bones turn brittle and fragile due to a deficiency of vitamin D. If an individual has osteoporosis, the individual will be at a greater risk for sudden and unexpected bone fractures. In 2020, the World Health Organization (WHO) data stated that about 200 million people are predicted to have osteoporosis. Though osteoporosis affects both males and females, females are more likely to develop osteoporosis than men. Thereby, the prevalence of osteoporosis has increased in recent times, and the disease has been widely recognized as a major clinical problem in the country as well as worldwide, which carries high morbidity and mortality burden.
- Rise in incidence of sports and trauma injuries
Maximum injuries occur while playing outdoor sports, such as basketball and bicycling. According to the data by National Safety Council (NSC), in 2020, around 426,000 injuries were reported while playing basketball. The injuries from trauma accidents occur due to sudden onset and sternness which require immediate medical attention. Out of the 2884 adults, 620 individuals have reported sports injuries, which is equal to a prevalence of 21.5%. Thereby, as the incidence of sports and traumatic injuries is increasing in the region, the use of orthopedic power tools has also increased. This resulted in one of the opportunity for the key market players to launch new products in the market
- Technological advancements in orthopedic power tools
The technological advancements in the orthopedic power tools are engineered to provide less pain after surgery, which gives the orthopedic power tools an edge over other existing and devices in the market. The majority of the manufacturers are currently focusing on increasing investment in research and development for introducing innovative devices in the market. Hence, the technological developments would simplify the complex procedures used during the joint and hip replacement surgical treatment. Technological development would be of crucial importance in orthopedic treatments
Opportunities
- Strategic initiatives by market players
The demand for orthopedic devices has boosted in the region as well as globally, due to the growth in the technological advancements in the machines and the rise in orthopedic surgeries. These favourable factors accomplishing enhance the need for orthopedic devices, and to accomplish the market demand, minor and major market players are utilizing various strategies
Also, the rise I healthcare expenditure by the government in the region will provide structural integrity and future opportunities for the orthopedic power tools market in the forecast period of 2022-2029.
Restraints/Challenges
However, the high cost associated with the orthopedic power tools and some technical issues seen in the tools may hamper the growth of the market. Additionally, stringent rules and regulations will further challenge the market in the forecast period mentioned above.
This orthopedic power tools market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on arthritis market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post COVID-19 Impact on Orthopedic Power Tools Market
The COVID-19 has not that much affected in the growth of the market. As there is rise in the prevalence of orthopedical diseases in the region such as osteoporosis, trauma injuries and among others lead to various surgeries. Hence the need for the orthopedic power tools keep rising in the COVID period as well.
Recent Development
- In March 2019, Stryker launched the 1688 Advanced Imaging Modalities (AIM) 4K Visualization Platform, Hip Check. The platform was aimed to offer an enhanced visualization platform while performing orthopedic surgical procedures
Swiss Orthopedic Power Tools Market Scope
Swiss orthopedic power tools market is segmented into product, technology, usage, site, application, end user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Product
- Handpieces
- Accessories
On the basis of product, the Swiss orthopedic power tools market is segmented into handpieces and accessories.
Technology
- Electric Powered Device
- Battery Powered Device
- Pneumatic Powered Device
On the basis of technology, the Swiss orthopedic power tools market is segmented into electric powered device, battery powered device and pneumatic powered device.
Usage
- Reusable
- Disposable
On the basis of usage, the Swiss orthopedic power tools market is segmented into reusable and disposable.
Site
- Lower Extremities
- Upper Extremities
On the basis of site, the Swiss orthopedic power tools market is segmented into lower extremities and upper extremities.
Application
- Joint Replacement
- Spinal And Neuro
- Orthopedic Trauma Injuries
- Maxillofacial & Dental
- Osteoarthritis & Degenerative Arthritis
- Rheumatoid Arthritis
- Soft Tissue Injuries
- Others
On the basis of application, the Swiss orthopedic power tools market is segmented into joint replacement, spinal and neuro, orthopedic trauma injuries, maxillofacial & dental, osteoarthritis & degenerative arthritis, rheumatoid arthritis, soft tissue injuries, and others.
End User
- Hospitals
- Ambulatory Surgical Centers (ASC)
- Clinics
- Others
On the basis of end user, the Swiss orthopedic power tools market is segmented into hospital, ambulatory surgical centers (ASC), clinics, and others.
Distribution Channel
- Direct Tender
- Third Party Sales
On the basis of distribution channel, the Swiss orthopedic power tools market is segmented into direct tender and third party sales.
Orthopedic Power Tools Market Regional Analysis/Insights
The orthopedic power tools market is analysed and market size insights and trends are provided by country, product, technology, usage, site, application, end user, and distribution channel as referenced above.
Swiss dominates the orthopedic power tools market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the rise in prevalence of osteoporosis and research and development in the advanced technologies for the orthopedic power tools in the Switzerland region further improves this market growth.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of global brands and their challenges faced due to high competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Market Share Analysis
The orthopedic power market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on orthopedic power tools market.
Some of the major players operating in the orthopedic power tools market are Stryker, DePu Synthes (A subsidiary of Johnson and Johnson Inc.), CONMED Corporation, Medtronic, Smith+ Nephew, B.Braun Melsungen AG, Olympus Corporation, Nouvag AG, NAKANISHI INC., Zimmer Biomet, Gomina AG, and Arthrex Inc. among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs. Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
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