
Heavy Power Surgical Tools Market – Competitive Landscape
Key players functioning in the global prosthetic liners market consists of Stryker, Boston Medical, Roche, DePuy Synthes, Medtronic Inc., and Zimmer Biomet, etc.
Heavy power surgical tools, also referred to as heavy duty surgical tools are widely used during orthopedic surgeries to help relive traumatic pain. market is experiencing upward trajectory growth, presenting opportunities for medical device manufacturers worldwide. Despite the ongoing slowdown industry has witnessed owing to Great Recession, market is expected to create good market opportunities to players driven by increased healthcare spending and increasing number of orthopedic cases worldwide.
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Market Dynamics
Despite the slowdown in the industry over the past two years, the industry is expected to grow at a significant rate. The impetus for growth in heavy power surgical tools is driven by product innovation and increasing consumer demand especially in developing regions. Asia Pacific alone accounts for over 65% of overall consumer base. Moreover, there has been a significant increase in healthcare spending along with FDI influx in medical devices in developing regions. This is expected to cut down operating cost and create a favorable market for leading players to capitalize the developing markets. Other factors including geriatrics population and favorable regulatory framework are also expected to drive the market.
Regional Analysis
North America is the world’s leader in heavy power surgical tools. The region accounted for over 55% of global market. This is primarily attributed to presence of leading players along with high healthcare spending and better healthcare amenities. North America spends a larger percent of its GDP on healthcare compared to any other region. Moreover, various reimbursement policies and government initiatives such as Obama care has boosted overall market for medical device including heavy power surgical tools.
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• Current and future of global Heavy Power Surgical Tools Market outlook in the developed and emerging markets • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period. • Regions/countries that are expected to witness the fastest growth rates during the forecast period • The latest developments, market shares, and strategies that are employed by the major market players
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