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
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 urgeries.
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
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
For more information visit http://www.researchandmarkets.com/research/7clmdn/medipoint.
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