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MediPoint: Orthopedic Power Tools - US Analysis and Market Forecasts

GlobalData
Published Date » 2014-06-20
No. Of Pages » 148
   
 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 industrys 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, electricand 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...
Table of Content

1 Table of Contents 7
1.1 List of Tables 12
1.2 List of Figures 15

2 Introduction 16
2.1 Catalyst 16
2.2 Related Reports 16

3 Industry Overview 18
3.1 Product Overview 18
3.1.1 Capital Equipment 18
3.1.2 Consumables 23
3.2 Procedural Trends 23
3.2.1 US 23
3.3 Adoption Trends 27
3.3.1 The Growing Role of Cost in Purchasing Decisions 27
3.3.2 Increased Involvement of the C-Level 30
3.3.3 The Shift to Battery-Powered Systems 31
3.3.4 Product Life Cycle 33
3.3.5 Maintenance and Repair 35
3.3.6 Reprocessed Single-Use Saw Blades 37
3.4 Market Access 40
3.4.1 US 41
3.5 Reimbursement 41
3.5.1 US 41
3.6 Mergers and Acquisitions/Key Partnerships 44
3.6.1 Zimmer to Combine with Biomet in Transaction Valued at $13.35 Billion (April, 2014) 44
3.6.2 Johnson & Johnson Acquired Synthes for $19.7 Billion (June, 2012) 44
3.6.3 Zimmer Acquired SoPlus Orthopaedic Surgical Power Tools Company (December, 2010) 45
3.6.4 Synthes Acquired Anspach (November, 2010) 45

4 Market Drivers 46
4.1 Increasing Orthopedic Procedure Volume Fuels Demand for Power Tool Consumables 46
4.2 Operating Room Supply Standardization Drives Cross-Selling 47
4.3 Rising Competition Forces Businesses to Innovate 48
4.4 A Powered Approach to Pedicle Screw Insertion 50

5 Market Opportunities 51
5.1 Small Bone Power Tools 51
5.2 Ultrasonic Bone Cutting Tools 53
5.3 Integration of Computer-Assisted Navigation Technologies into Power Tools 54
5.4 Continued Focus on Buying Groups and Integrated Delivery Networks to Drive Volume Growth 56
5.5 Emerging Countries 57

6 Market Barriers 58
6.1 Hospital Consolidation 58
6.2 Hospital Cost-Containment Pressures 59
6.3 Reimbursement 60
6.4 Are Robotic Technologies a Threat? 60
6.5 Medical Device Excise Tax 62

7 Unmet Needs 64
7.1 Refocus on Pipeline Products 64
7.2 Further Enhancements on Batteries 66
7.3 Cost-Effectiveness Analysis of Single-Use Power Tools 68

8 Competitive Assessment 72
8.1 Overview 72
8.2 Aesculap 72
8.2.1 Overview 72
8.2.2 SWOT Analysis 73
8.3 Arthrex 74
8.3.1 Overview 74
8.3.2 SWOT Analysis 74
8.4 Brasseler USA (Tava Surgical in Outside US markets) 75
8.4.1 Overview 75
8.4.2 SWOT Analysis 76
8.5 ConMed Linvatec 76
8.5.1 Overview 76
8.5.2 SWOT Analysis 78
8.6 DePuy Synthes 78
8.7 De Soutter Medical 80
8.7.1 Overview 80
8.7.2 SWOT Analysis 82
8.8 MicroAire 82
8.8.1 Overview 82
8.8.2 SWOT Analysis 84
8.9 Misonix 84
8.9.1 Overview 84
8.9.2 SWOT Analysis 85
8.10 Medtronic 85
8.10.1 Overview 85
8.10.2 SWOT Analysis 87
8.11 OsteoMed 87
8.11.1 Overview 87
8.11.2 SWOT Analysis 88
8.12 Stryker 88
8.12.1 Overview 88
8.12.2 SWOT Analysis 91
8.13 Zimmer Holdings 91
8.13.1 Overview 91
8.13.2 SWOT Analysis 92

9 Current and Future Players 93
9.1 Trends in Corporate Strategy 93
9.2 Established Players 95
9.2.1 Aesculap 95
9.2.2 Arthrex 97
9.2.3 Brasseler USA (Tava Surgical in Outside US markets) 99
9.2.4 ConMed Corporation 101
9.2.5 DePuy Synthes 104
9.2.6 De Soutter Medical 106
9.2.7 MicroAire 108
9.2.8 Misonix 110
9.2.9 Medtronic 111
9.2.10 OsteoMed 114
9.2.11 Stryker 116
9.2.12 Zimmer Holdings 118
9.3 Emerging Players 121

10 Market Outlooks 122
10.1 Company Share Analysis 122
10.1.1 Overview 122
10.1.2 US Market Share 123
10.2 By Geography 126
10.2.1 US 126

11 Appendix 132
11.1 Abbreviations 132
11.2 Bibliography 135
11.3 Report Methodology 139
11.3.1 Overview 139
11.3.2 Coverage 139
11.3.3 Secondary Research 139
11.3.4 Forecasting Methodology 140
11.3.5 Primary Research - Key Opinion Leader Interviews 141
11.3.6 Expert Panel Validation 142
11.4 Physicians and Specialists Included in this Study 143
11.5 About the Authors 145
11.5.1 Analysts 145
11.5.2 Bonnie Bain, PhD, Global Head of Healthcare 146
11.6 About MediPoint 147
11.7 About GlobalData 147
11.8 Disclaimer 147

List of Tables


Table 1: SWOT Analysis - Battery-Powered Tools 20
Table 2: SWOT Analysis - Electric-Powered Tools 20
Table 3: SWOT Analysis - Pneumatic-Powered Tools 21
Table 4: SWOT Analysis - Single-Use Orthopedic Power Tools 22
Table 5: US Procedure Trends for Major Orthopedic Surgeries, 2011-2020 24
Table 6: Hospitals Three Primary Options When Orthopedic Power Tools Break Down 35
Table 7: Strykers Prevision Saw Blade 38
Table 8: IEC 60601-1 and National Standards in Major Countries 40
Table 9: Medicare National Average Reimbursement Rates for Major Orthopedic Procedures that Involve the Usage of Power Tools, FY 2013-2014 43
Table 10: Marketing Focus of Single-Use Orthopedic Power Tools 68
Table 11: Aesculaps Orthopedic Power Tools 73
Table 12: SWOT Analysis - Aesculaps Orthopedic Power Tools Portfolio 73
Table 13: Arthrexs Orthopedic Power Tools 74
Table 14: SWOT Analysis - Arthrexs Orthopedic Power Tools Portfolio 74
Table 15: Brasselers Orthopedic Power Tools 75
Table 16: SWOT Analysis - Brasselers Orthopedic Power Tools Portfolio 76
Table 17: ConMed Linvatecs Orthopedic Power Tools 77
Table 18: SWOT Analysis - ConMed Linvatecs Orthopedic Power Tools Portfolio 78
Table 19: DePuy Synthes Orthopedic Power Tools 79
Table 20: SWOT Analysis - DePuy Synthes Orthopedic Power Tools Portfolio 80
Table 21: De Soutter Medicals Orthopedic Power Tools 81
Table 22: SWOT Analysis - De Soutter Medicals Orthopedic Power Tools Portfolio 82
Table 23: MicroAires Orthopedic Power Tools 83
Table 24: SWOT Analysis - MicroAires Orthopedic Power Tools Portfolio 84
Table 25: Misonixs Orthopedic Power Tools 85
Table 26: SWOT Analysis - Misonixs Orthopedic Power Tools Portfolio 85
Table 27: Medtronics Orthopedic Power Tools 86
Table 28: SWOT Analysis - Medtronics Orthopedic Power Tools Portfolio 87
Table 29: OsteoMeds Orthopedic Power Tools 87
Table 30: SWOT Analysis - OsteoMeds Orthopedic Power Tools Portfolio 88
Table 31: Strykers Orthopedic Power Tools 90
Table 32: SWOT Analysis - Strykers Orthopedic Power Tools Portfolio 91
Table 33: Zimmers Orthopedic Power Tools 92
Table 34: SWOT Analysis - Zimmers Orthopedic Power Tools Portfolio 92
Table 35: Company Profile - Aesculap 95
Table 36: SWOT Analysis - Aesculap 96
Table 37: Company Profile - Arthrex 97
Table 38: SWOT Analysis - Arthrex 99
Table 39: Company Profile - Brasseler 100
Table 40: SWOT Analysis - Brasseler 101
Table 41: Company Profile - ConMed Corporation 102
Table 42: SWOT Analysis - ConMed Corporation 103
Table 43: Company Profile - DePuy Synthes 105
Table 44: SWOT Analysis - DePuy Synthes 106
Table 45: Company Profile - De Soutter Medical 107
Table 46: SWOT Analysis - De Soutter Medical 108
Table 47: Company Profile - MicroAire 109
Table 48: SWOT Analysis - MicroAire 109
Table 49: Company Profile - Misonix 110
Table 50: SWOT Analysis - Misonix 111
Table 51: Company Profile - Medtronic 112
Table 52: SWOT Analysis - Medtronic 114
Table 53: Company Profile - OsteoMed 115
Table 54: SWOT Analysis - OsteoMed 115
Table 55: Company Profile - Stryker 116
Table 56: SWOT Analysis - Stryker 118
Table 57: Company Profile - Zimmer Holdings 119
Table 58: SWOT Analysis - Zimmer Holdings 120
Table 59: Emerging Players in the Global Orthopedic Power Tools Market 121
Table 60: US Orthopedic Power Tools Capital Equipment Sales Units, 2011-2020 127
Table 61: US Orthopedic Power Tools Market Sales Forecast ($m), 2011-2020 130

List of Figures


Figure 1: Market Segmentation of Orthopedic Power Tools 18
Figure 2: Major Large Bone Procedure Volumes in the US, 2011-2020 25
Figure 3: Major Small Bone Procedure Volumes in the US, 2011-2020 26
Figure 4: Major High-Speed Procedure Volumes in the US, 2011-2020 27
Figure 5: Average Life Span of Orthopedic Power Tools in 10 Major Markets, 2013 34
Figure 6: Average Replacement Rate of Orthopedic Power Tools in 10 Major Markets, 2013 35
Figure 7: US Market Share for Orthopedic Power Tools, 2013 124
Figure 8: Estimated US Market Share for Orthopedic Power Tools, by Segment, 2013 125
Figure 9: US Orthopedic Power Tools Capital Equipment Sales Units Segmentation, 2011-2020 128
Figure 10: US Orthopedic Power Tools Market Sales Forecast ($m), 2011-2020 130
Figure 11: US Orthopedic Power Tools Market Revenue Distribution, by Segment, 2013 and 2020 131
Figure 12: Other Primary Research Participants Breakdown, by Institution (n=25) 144

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