Apac Medipoint Orthopedic Power Tools Market Growth and Industry Development 2015

A power tool is a key instrument in the armamentarium of the operating room for many orthopedic surgeries. The adoption rates for orthopedic power tools vary in different regions, mainly due to price sensitivity. Globally, and driven by the orthopedic industry's continued innovation in cordless battery-powered systems as well as a better understanding of corded systems' downsides, the usage of pneumatic-powered tools has been declining in the past decade as surgeons adopt premium-priced electric and, more significantly, battery-powered systems. In contrast, in developing countries, electric- and pneumatic-powered tools currently represent highly valued equipment for orthopedic surgeons; moreover, this equipment should continue to remain important, especially in light of the developing countries' healthcare systems that cannot bear the substantial costs associated with capital equipment upgrades. Yet, a slow shift to battery-powered systems will still occur in these emerging economies, as players introduce the new-generation systems into these countries in the coming years and invest heavily in marketing and promotion.

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Japan is the largest medical device market outside of the US, and has a rich history of developing new technologies in orthopedics and spine, especially involving the use of minimally invasive technology. China has the second largest medical device market in Asia. The SFDA has made efforts to create a more transparent regulatory environment by streamlining the application and review process to promote the adoption of innovative medical technologies. India's medical device market has experienced rapid growth over the years, yet its market size is smaller than China's. India expects to be the most populous country in the world, overtaking China in 2020.

Scope

* An overview of Orthopedic Power Tools,...