Orthopedic Power Tools Market predicted to be growing at a CAGR of 3.50 percent over the forecast period (2020-2027)

Various orthopaedic illnesses in the musculoskeletal systems, such as musculoskeletal trauma, spine diseases, musculoskeletal injuries, and infections, are treated by orthopaedics. Orthopedic power tools are lightweight, user-friendly, and easy to handle when performing orthopaedic surgery when compared to traditional heavy orthopaedic tools. Electric powered orthopaedic tools, battery operated power systems, and pneumatic power tools are the three types of orthopaedic power tools.


In 2020, the global orthopaedic power tools market is predicted to be worth US$ 943.8 million, growing at a CAGR of 3.50 percent over the forecast period (2020-2027).



One of the reasons predicted to drive market expansion during the forecast period is the rising frequency of spinal injuries. According to a report issued by the National Spinal Cord Injury Statistical Center in 2018, the incidence of spinal cord injury in the United States is roughly 54 instances per one million individuals, with around 17,700 new cases diagnosed each year.


Furthermore, during the projected period, an increasing number of product launches and regulatory approvals for orthopaedic power tools are expected to boost market expansion. For example, in September 2020, Medtronic Private Limited announced the Sonicision curved jaw cordless ultrasonic dissection system, which allows health care practitioners to perform orthopaedic procedures with improved precision and convenience.

Global Orthopedic Power Tools Market – Impact of Coronavirus (COVID-19)

COVID-19 has spread to over 100 nations worldwide since its outbreak in December 2019, prompting the World Health Organization to designate it a public health emergency. According to a report published by the World Health Organization, the coronavirus (COVID-19) had infected more than 44 million people worldwide as of October 28, 2020.

The global coronavirus (COVID-19) pandemic and associated lockdowns in several countries have had an influence on the global orthopaedic power tool market in the following ways: financial situation of enterprises in all sectors has been impacted, The private medical device business is one of the areas where the COVID-19 epidemic has had a significant influence. The pandemic has had a detrimental influence on the orthopaedic power tool market in a variety of areas, including medical device development, manufacture, and supply, as well as global expansion, due to government-imposed lockdowns in a number of nations. The statewide lockdowns have resulted in the closure of industrial premises, with the exception of those that manufacture critical commodities, as well as a disruption in the supply chain for medications and diagnostic and therapeutic kits.


Furthermore, patients with musculoskeletal trauma and bone fractures have a very low chance of contracting COVID-19 infections, so healthcare providers can perform procedures based on the emergent, urgent, or elective state of patients with musculoskeletal trauma and bone fractures. Patients with musculoskeletal trauma and bone fractures, for example, have a lower risk of contracting COVID-19 infection, according to a report published by the Société Internationale de Chirurgie Orthopédique et de Traumatologie (SICOT) in May 2020. As a result, healthcare professionals can perform procedures based on the patients' emergent, urgent, and elective conditions.

Comments

Post a Comment

Popular posts from this blog

Better awareness among women is driving the growth of the Bath Bombs Market

Image
A bath bomb is a hard-packed dry-ingredient mixture that dissolves when wet and is used to add scent, essential oils, bubbles, or colour to bathwater. Bath Bombs are thought to be a detoxifying, relaxing, or immune-boosting bathing material. The main ingredients in bath bombs are a bicarbonate base and a weak acid, which are unreactive when dry but react vigorously when dissolved in water, producing their characteristic fizzing in a few minutes. The bath bomb's other ingredients vary greatly, but most of them include scented ingredients as well as dye to add colour and a pleasant fragrance to bathwater. A lathering agent, sodium lauryl sulphate, is also used in bath bombs to create bubble foams. Bath bombs are typically spherical in shape, but they are also available in lumps or tablets. Bath bombs can also be made at home, in addition to being available in a variety of flavours at supermarkets. Bath bomb machines are being used by a variety of manufacturing companies to increase t
Read more

The global eSIM market was valued at USD 253.8 million in 2017 and is expected to reach USD 978.3 million by 2023

Image
The Embedded Subscriber Identity Module (eSIM), also known as the Embedded Universal Integrated Circuit Card (eUICC), is a reprogrammable chip that can be soldered or removed. It is a small chip that is used to verify the user's identity with his or her carrier. In terms of functionality, eSIM is smart because it supports multiple accounts, allows switching to different mobile network operators (MNOs), and manages accounts simply by updating the software settings from the user's mobile phone. The global eSIM market was valued at USD 253.8 million in 2017 and is expected to reach USD 978.3 million by 2023, growing at a 31.0 percent CAGR between 2018 and 2023. In terms of volume, the overall eSIM market shipped 287.7 million units in 2016 and is expected to ship 1,168.8 million units by 2023, with a CAGR of 32.4 percent between 2018 and 2023. The emphasis on remote SIM provisioning for mobile-to-mobile (M2M) communication, favourable government regulations promoting M2M communica
Read more

The rapid rise of the industrial tape business is one of the major reasons driving the growth of the gaffers tape market.

Image
Since the previous couple of decades, the global packaging sector has seen a lot of technological advancements. Due to the fact that packing cannot be completed without the use of tape, the growing need for packaging in the industrial sector is providing a major potential for the industrial tape industry. The use of gaffers tape instead of duct tape has allowed the manufacturer to expand their packaging options. Gaffer's tape, commonly known as camera tape or spike tape, is a thick cotton fabric pressure sensitive tape with excellent adhesion capabilities. Manufacturers can now put gaffers tape on any type of packaging material without the necessity for a solvent (such as wat). Gaffer tape is commonly utilised in theatrical productions, photography, film and television productions, and industrial staging. Market Dynamics for Gaffers Tape: The rapid rise of the industrial tape business is one of the major reasons driving the growth of the gaffers tape market . Furthermore, Gaffers T
Read more