Surgical Power Tools Market Research Report 2021-2031
The Surgical Power Tools Market is expected to register a CAGR of 5.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Handpiece, Disposables, Accessories). The report further presents analysis based on Technology (Electric-operated Power Tools, Battery-driven Power Tools, Pneumatic Power Tools). The report is further segmented based on Device Type (Large Bone Power Tools, Medium Bone Power Tools, Small Bone Power Tools, High Speed Drilling Systems). Futher, it is segmented based on Application (Orthopedic Surgery, Dental Surgery, ENT Surgery, Neurology Surgery, Cardiothoracic Surgery, Others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Surgical Power Tools Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Surgical Power Tools Market Segmentation
Product- Handpiece
- Disposables
- Accessories
- Electric-operated Power Tools
- Battery-driven Power Tools
- Pneumatic Power Tools
- Large Bone Power Tools
- Medium Bone Power Tools
- Small Bone Power Tools
- High Speed Drilling Systems
- Orthopedic Surgery
- Dental Surgery
- ENT Surgery
- Neurology Surgery
- Cardiothoracic Surgery
- Others
- Orthopedic Surgery
- Dental Surgery
- ENT Surgery
- Neurology Surgery
- Cardiothoracic Surgery
- Others
Strategic Insights
Surgical Power Tools Market Growth Drivers- Increased Orthopedic Conditions: The need for surgical power tools is being driven by the continuously growing incidence of orthopedic conditions, for example, fractures and joint replacements. As surgical activities increase, the demand for these professional tools in surgery also grows, due to improvement in surgical excellence and results.
- Technological Improvements in Tools: Innovations in surgical power tools, which include longer battery life, better ergonomic design and incorporation of smart technologies, are driving the growth of the market. These advancements result in greater efficiency of surgery and patient safety, as well as a faster recovery time.
- Surgical Procedures Increasing: Overall, increasing surgical procedures and rising demand for minimally invasive surgeries have fueled the growth of the surgical power tools market. Increasing adoption of these techniques by healthcare providers is likely to be followed by an increase in the demand for specialized power tools that facilitate such surgeries.
- Advanced Training and Simulation: The demand for advanced training and simulation technologies for surgical power tools is on the rise. Advanced training and simulation tools help surgeons train better and with increased preparedness to manage complex procedures; hence, the higher quality of surgery.
- Integration of Robotics: This is the trend where robotic systems are merged with power surgical tools. This merges all aspects of precision and control during surgeries, which leads to better outcomes for the patient while offering minimized recovery times. This is a focal point for the future.
- Sustainability Focus: The surgical power tools market is increasingly sustainable. More manufacturers are adopting sustainable materials and practices in order to minimize the production of waste and reduce negative effects on the environment while maintaining high performance and safety levels.
- Development of Hybrid Tools: Hybrid power surgical tools, therefore, demonstrate multiple functionalities in one tool: an opportunity for innovation. Streamlining surgical processes could be achieved, but most importantly, the number of instruments could reduce, and overall efficiency within the operating room would increase.
- Partnerships and Collaborations: Such strategic partnerships between manufacturers and healthcare providers bring innovative and advanced surgical power tools. The collaboration can encourage research and development in order to meet the growing needs of the medical community.
- Training Programs Gaining Priority: Opportunities do exist in the training programs of health care professionals in utilizing surgical power tools to improve their use and thus lead to positive outcomes as far as surgical procedures are concerned and patient safety.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Surgical Power Tools Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Surgical Power Tools Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global surgical power tools market from 2021 to 2031, and it also determines the prevailing opportunities.
Medtronic, Stryker Corporation, and Zimmer Biomet are some of the major players operating in the market.
The major factors driving the surgical power tools market are:
1. Increased Orthopedic Conditions.
2. Surgical Procedures Increasing.
North America region dominated the surgical power tools market in 2023.
Asia Pacific region accounted for the highest CAGR in the surgical power tools market.
The Surgical Power Tools Market is estimated to witness a CAGR of 5.9% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Surgical Power Tools Market - By Product
1.3.2 Surgical Power Tools Market - By Technology
1.3.3 Surgical Power Tools Market - By Device Type
1.3.4 Surgical Power Tools Market - By Application
1.3.5 Surgical Power Tools Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SURGICAL POWER TOOLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SURGICAL POWER TOOLS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SURGICAL POWER TOOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. SURGICAL POWER TOOLS - GLOBAL MARKET OVERVIEW
6.2. SURGICAL POWER TOOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SURGICAL POWER TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. HANDPIECE
7.3.1. Overview
7.3.2. Handpiece Market Forecast and Analysis
7.4. DISPOSABLES
7.4.1. Overview
7.4.2. Disposables Market Forecast and Analysis
7.4.3. Drills/Perforators Market
7.4.3.1. Overview
7.4.3.2. Drills/Perforators Market Forecast and Analysis
7.4.4. Saws Market
7.4.4.1. Overview
7.4.4.2. Saws Market Forecast and Analysis
7.4.5. Staplers Market
7.4.5.1. Overview
7.4.5.2. Staplers Market Forecast and Analysis
7.4.6. Reamers Market
7.4.6.1. Overview
7.4.6.2. Reamers Market Forecast and Analysis
7.4.7. Blades Market
7.4.7.1. Overview
7.4.7.2. Blades Market Forecast and Analysis
7.4.8. Burrs Market
7.4.8.1. Overview
7.4.8.2. Burrs Market Forecast and Analysis
7.4.9. Shavers Market
7.4.9.1. Overview
7.4.9.2. Shavers Market Forecast and Analysis
7.5. ACCESSORIES
7.5.1. Overview
7.5.2. Accessories Market Forecast and Analysis
8. SURGICAL POWER TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. ELECTRIC-OPERATED POWER TOOLS
8.3.1. Overview
8.3.2. Electric-operated Power Tools Market Forecast and Analysis
8.4. BATTERY-DRIVEN POWER TOOLS
8.4.1. Overview
8.4.2. Battery-driven Power Tools Market Forecast and Analysis
8.5. PNEUMATIC POWER TOOLS
8.5.1. Overview
8.5.2. Pneumatic Power Tools Market Forecast and Analysis
9. SURGICAL POWER TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - DEVICE TYPE
9.1. OVERVIEW
9.2. DEVICE TYPE MARKET FORECASTS AND ANALYSIS
9.3. LARGE BONE POWER TOOLS
9.3.1. Overview
9.3.2. Large Bone Power Tools Market Forecast and Analysis
9.4. MEDIUM BONE POWER TOOLS
9.4.1. Overview
9.4.2. Medium Bone Power Tools Market Forecast and Analysis
9.5. SMALL BONE POWER TOOLS
9.5.1. Overview
9.5.2. Small Bone Power Tools Market Forecast and Analysis
9.6. HIGH SPEED DRILLING SYSTEMS
9.6.1. Overview
9.6.2. High Speed Drilling Systems Market Forecast and Analysis
10. SURGICAL POWER TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. ORTHOPEDIC SURGERY
10.3.1. Overview
10.3.2. Orthopedic Surgery Market Forecast and Analysis
10.3.3. Spine Market
10.3.3.1. Overview
10.3.3.2. Spine Market Forecast and Analysis
10.3.4. Trauma Market
10.3.4.1. Overview
10.3.4.2. Trauma Market Forecast and Analysis
10.3.5. Joint Market
10.3.5.1. Overview
10.3.5.2. Joint Market Forecast and Analysis
10.3.6. Craniomaxillofacial Market
10.3.6.1. Overview
10.3.6.2. Craniomaxillofacial Market Forecast and Analysis
10.4. DENTAL SURGERY
10.4.1. Overview
10.4.2. Dental Surgery Market Forecast and Analysis
10.5. ENT SURGERY
10.5.1. Overview
10.5.2. ENT Surgery Market Forecast and Analysis
10.6. NEUROLOGY SURGERY
10.6.1. Overview
10.6.2. Neurology Surgery Market Forecast and Analysis
10.7. CARDIOTHORACIC SURGERY
10.7.1. Overview
10.7.2. Cardiothoracic Surgery Market Forecast and Analysis
10.8. OTHERS
10.8.1. Overview
10.8.2. Others Market Forecast and Analysis
11. SURGICAL POWER TOOLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Surgical Power Tools Market Overview
11.1.2 North America Surgical Power Tools Market Forecasts and Analysis
11.1.3 North America Surgical Power Tools Market Forecasts and Analysis - By Product
11.1.4 North America Surgical Power Tools Market Forecasts and Analysis - By Technology
11.1.5 North America Surgical Power Tools Market Forecasts and Analysis - By Device Type
11.1.6 North America Surgical Power Tools Market Forecasts and Analysis - By Application
11.1.7 North America Surgical Power Tools Market Forecasts and Analysis - By Countries
11.1.7.1 Canada Surgical Power Tools Market
11.1.7.1.1 Canada Surgical Power Tools Market by Product
11.1.7.1.2 Canada Surgical Power Tools Market by Technology
11.1.7.1.3 Canada Surgical Power Tools Market by Device Type
11.1.7.1.4 Canada Surgical Power Tools Market by Application
11.1.7.2 Mexico Surgical Power Tools Market
11.1.7.2.1 Mexico Surgical Power Tools Market by Product
11.1.7.2.2 Mexico Surgical Power Tools Market by Technology
11.1.7.2.3 Mexico Surgical Power Tools Market by Device Type
11.1.7.2.4 Mexico Surgical Power Tools Market by Application
11.1.7.3 US Surgical Power Tools Market
11.1.7.3.1 US Surgical Power Tools Market by Product
11.1.7.3.2 US Surgical Power Tools Market by Technology
11.1.7.3.3 US Surgical Power Tools Market by Device Type
11.1.7.3.4 US Surgical Power Tools Market by Application
11.2. EUROPE
11.2.1 Europe Surgical Power Tools Market Overview
11.2.2 Europe Surgical Power Tools Market Forecasts and Analysis
11.2.3 Europe Surgical Power Tools Market Forecasts and Analysis - By Product
11.2.4 Europe Surgical Power Tools Market Forecasts and Analysis - By Technology
11.2.5 Europe Surgical Power Tools Market Forecasts and Analysis - By Device Type
11.2.6 Europe Surgical Power Tools Market Forecasts and Analysis - By Application
11.2.7 Europe Surgical Power Tools Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Surgical Power Tools Market
11.2.7.1.1 Germany Surgical Power Tools Market by Product
11.2.7.1.2 Germany Surgical Power Tools Market by Technology
11.2.7.1.3 Germany Surgical Power Tools Market by Device Type
11.2.7.1.4 Germany Surgical Power Tools Market by Application
11.2.7.2 France Surgical Power Tools Market
11.2.7.2.1 France Surgical Power Tools Market by Product
11.2.7.2.2 France Surgical Power Tools Market by Technology
11.2.7.2.3 France Surgical Power Tools Market by Device Type
11.2.7.2.4 France Surgical Power Tools Market by Application
11.2.7.3 Italy Surgical Power Tools Market
11.2.7.3.1 Italy Surgical Power Tools Market by Product
11.2.7.3.2 Italy Surgical Power Tools Market by Technology
11.2.7.3.3 Italy Surgical Power Tools Market by Device Type
11.2.7.3.4 Italy Surgical Power Tools Market by Application
11.2.7.4 Spain Surgical Power Tools Market
11.2.7.4.1 Spain Surgical Power Tools Market by Product
11.2.7.4.2 Spain Surgical Power Tools Market by Technology
11.2.7.4.3 Spain Surgical Power Tools Market by Device Type
11.2.7.4.4 Spain Surgical Power Tools Market by Application
11.2.7.5 United Kingdom Surgical Power Tools Market
11.2.7.5.1 United Kingdom Surgical Power Tools Market by Product
11.2.7.5.2 United Kingdom Surgical Power Tools Market by Technology
11.2.7.5.3 United Kingdom Surgical Power Tools Market by Device Type
11.2.7.5.4 United Kingdom Surgical Power Tools Market by Application
11.2.7.6 Rest of Europe Surgical Power Tools Market
11.2.7.6.1 Rest of Europe Surgical Power Tools Market by Product
11.2.7.6.2 Rest of Europe Surgical Power Tools Market by Technology
11.2.7.6.3 Rest of Europe Surgical Power Tools Market by Device Type
11.2.7.6.4 Rest of Europe Surgical Power Tools Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Surgical Power Tools Market Overview
11.3.2 Asia-Pacific Surgical Power Tools Market Forecasts and Analysis
11.3.3 Asia-Pacific Surgical Power Tools Market Forecasts and Analysis - By Product
11.3.4 Asia-Pacific Surgical Power Tools Market Forecasts and Analysis - By Technology
11.3.5 Asia-Pacific Surgical Power Tools Market Forecasts and Analysis - By Device Type
11.3.6 Asia-Pacific Surgical Power Tools Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Surgical Power Tools Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Surgical Power Tools Market
11.3.7.1.1 Australia Surgical Power Tools Market by Product
11.3.7.1.2 Australia Surgical Power Tools Market by Technology
11.3.7.1.3 Australia Surgical Power Tools Market by Device Type
11.3.7.1.4 Australia Surgical Power Tools Market by Application
11.3.7.2 China Surgical Power Tools Market
11.3.7.2.1 China Surgical Power Tools Market by Product
11.3.7.2.2 China Surgical Power Tools Market by Technology
11.3.7.2.3 China Surgical Power Tools Market by Device Type
11.3.7.2.4 China Surgical Power Tools Market by Application
11.3.7.3 India Surgical Power Tools Market
11.3.7.3.1 India Surgical Power Tools Market by Product
11.3.7.3.2 India Surgical Power Tools Market by Technology
11.3.7.3.3 India Surgical Power Tools Market by Device Type
11.3.7.3.4 India Surgical Power Tools Market by Application
11.3.7.4 Japan Surgical Power Tools Market
11.3.7.4.1 Japan Surgical Power Tools Market by Product
11.3.7.4.2 Japan Surgical Power Tools Market by Technology
11.3.7.4.3 Japan Surgical Power Tools Market by Device Type
11.3.7.4.4 Japan Surgical Power Tools Market by Application
11.3.7.5 South Korea Surgical Power Tools Market
11.3.7.5.1 South Korea Surgical Power Tools Market by Product
11.3.7.5.2 South Korea Surgical Power Tools Market by Technology
11.3.7.5.3 South Korea Surgical Power Tools Market by Device Type
11.3.7.5.4 South Korea Surgical Power Tools Market by Application
11.3.7.6 Rest of Asia-Pacific Surgical Power Tools Market
11.3.7.6.1 Rest of Asia-Pacific Surgical Power Tools Market by Product
11.3.7.6.2 Rest of Asia-Pacific Surgical Power Tools Market by Technology
11.3.7.6.3 Rest of Asia-Pacific Surgical Power Tools Market by Device Type
11.3.7.6.4 Rest of Asia-Pacific Surgical Power Tools Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Surgical Power Tools Market Overview
11.4.2 Middle East and Africa Surgical Power Tools Market Forecasts and Analysis
11.4.3 Middle East and Africa Surgical Power Tools Market Forecasts and Analysis - By Product
11.4.4 Middle East and Africa Surgical Power Tools Market Forecasts and Analysis - By Technology
11.4.5 Middle East and Africa Surgical Power Tools Market Forecasts and Analysis - By Device Type
11.4.6 Middle East and Africa Surgical Power Tools Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Surgical Power Tools Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Surgical Power Tools Market
11.4.7.1.1 South Africa Surgical Power Tools Market by Product
11.4.7.1.2 South Africa Surgical Power Tools Market by Technology
11.4.7.1.3 South Africa Surgical Power Tools Market by Device Type
11.4.7.1.4 South Africa Surgical Power Tools Market by Application
11.4.7.2 Saudi Arabia Surgical Power Tools Market
11.4.7.2.1 Saudi Arabia Surgical Power Tools Market by Product
11.4.7.2.2 Saudi Arabia Surgical Power Tools Market by Technology
11.4.7.2.3 Saudi Arabia Surgical Power Tools Market by Device Type
11.4.7.2.4 Saudi Arabia Surgical Power Tools Market by Application
11.4.7.3 U.A.E Surgical Power Tools Market
11.4.7.3.1 U.A.E Surgical Power Tools Market by Product
11.4.7.3.2 U.A.E Surgical Power Tools Market by Technology
11.4.7.3.3 U.A.E Surgical Power Tools Market by Device Type
11.4.7.3.4 U.A.E Surgical Power Tools Market by Application
11.4.7.4 Rest of Middle East and Africa Surgical Power Tools Market
11.4.7.4.1 Rest of Middle East and Africa Surgical Power Tools Market by Product
11.4.7.4.2 Rest of Middle East and Africa Surgical Power Tools Market by Technology
11.4.7.4.3 Rest of Middle East and Africa Surgical Power Tools Market by Device Type
11.4.7.4.4 Rest of Middle East and Africa Surgical Power Tools Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Surgical Power Tools Market Overview
11.5.2 South and Central America Surgical Power Tools Market Forecasts and Analysis
11.5.3 South and Central America Surgical Power Tools Market Forecasts and Analysis - By Product
11.5.4 South and Central America Surgical Power Tools Market Forecasts and Analysis - By Technology
11.5.5 South and Central America Surgical Power Tools Market Forecasts and Analysis - By Device Type
11.5.6 South and Central America Surgical Power Tools Market Forecasts and Analysis - By Application
11.5.7 South and Central America Surgical Power Tools Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Surgical Power Tools Market
11.5.7.1.1 Brazil Surgical Power Tools Market by Product
11.5.7.1.2 Brazil Surgical Power Tools Market by Technology
11.5.7.1.3 Brazil Surgical Power Tools Market by Device Type
11.5.7.1.4 Brazil Surgical Power Tools Market by Application
11.5.7.2 Argentina Surgical Power Tools Market
11.5.7.2.1 Argentina Surgical Power Tools Market by Product
11.5.7.2.2 Argentina Surgical Power Tools Market by Technology
11.5.7.2.3 Argentina Surgical Power Tools Market by Device Type
11.5.7.2.4 Argentina Surgical Power Tools Market by Application
11.5.7.3 Rest of South and Central America Surgical Power Tools Market
11.5.7.3.1 Rest of South and Central America Surgical Power Tools Market by Product
11.5.7.3.2 Rest of South and Central America Surgical Power Tools Market by Technology
11.5.7.3.3 Rest of South and Central America Surgical Power Tools Market by Device Type
11.5.7.3.4 Rest of South and Central America Surgical Power Tools Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. SURGICAL POWER TOOLS MARKET, KEY COMPANY PROFILES
13.1. AYGUN SURGICAL INSTRUMENTS
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. MEDTRONIC PLC
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. STRYKER CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. ZIMMER BIOMET
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. DEPUY SYNTHES (JOHNSON AND JOHNSON)
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. PORTESCAP
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. ORTHOPROMED
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. EXACTECH
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. DESOUTTER MEDICAL
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SHANGHAI BOJIN MEDICAL INSTRUMENT CO. LTD
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Aygun Surgical Instruments
2. Medtronic plc
3. Stryker Corporation
4. Zimmer Biomet
5. DePuy Synthes (Johnson and Johnson)
6. Portescap
7. Orthopromed
8. Exactech
9. DeSoutter Medical
10. Shanghai Bojin Medical Instrument Co. Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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