Progress in the global surgical power tools market is anticipated to be modest through 2020. The market is expected to record a CAGR of 3.2% from 2016 through 2020. The foremost limitation acting against the progress of the market is the truncated acceptance of surgical power tools in medical infrastructures in developing economies. Furthermore, in numerous emerging countries, the uncertainty of hospitals and surgical centers to capitalize in spanking new surgical power tools has knocked revenue growth. The market has, therefore, stayed intense in developed nations. While these markets fund a major share of returns to the global surgical power tools market, a sturdy growth in volume sales is projected in the developing economies.
One of the crucial driving forces for market growth will be growing implementation of battery-driven cordless surgical power tools. There is an augmented acceptance of battery-driven cordless surgical power tools due to its benefits over conventional operating apparatuses. The usage of Li-ion batteries in surgical tools is estimated to advance the workflow competence of specialists. These batteries propose better energy density, extended life cycle, upgraded dependability, and advanced performance. The market for Li-ion batteries is likely to increase two-folds in the coming years. The technical effectiveness in the market has compelled the dealers to bid more battery-powered surgical instruments in their product assortments. Dealers are concentrating on evolving powered surgical instruments that are agiler in size and ergonomically crafted. The traditional surgical tools have boundaries in sterilization procedures. Nevertheless, the battery packs can be decontaminated by numerous methods such as ethylene oxide gases, hydrogen peroxide gases, and gamma rays.
Hand-powered drills intended for clinical use have a handful of boundaries. This has encouraged the acceptance of surgical power tools. These tools find an extensive bunch of uses that span from oral procedures to thoracic surgery and from ENT to orthopedic surgeries. Surgical power tools can be crafted to operate on several diverse sources of energy such as electricity, batteries, or compressed gases. Medical-grade gases that are used in air-filled devices are used in surgical power tools also including carbon dioxide, nitrogen, or compressed air. The types of power tools studied in this report include saws, drills, and reamers.
With alertness concerning health associated infections gaining ground with every passing year, the tendency of using one-use medical tools and devices is getting a hold. The global surgical power tools market has not been isolated from this development. The placement of disposable surgical power tools has garnered acceptance amongst quite a few healthcare organizations and patients, invoking substantial demand for the one-time-use surgical tools. Demand is likely to go up in emerging regions with medical tourism recording vigorous foothold in countries such as Malaysia, India, and Thailand. Medical tourism in Asia is growing because of the accessibility of accomplished surgeons, cutting-edge hospitals, up-to-date medical gear, and all at economical prices. The escalating eminence of surgical power tools and infrastructure developments are few of the causes for the upsurge in medical tourism in these regions.