According to GlobalData’s medical device pipeline database, 12 Power Tools devices are in various stages of development globally. GlobalData’s report Power Tools provides an overview of the segment’s pipeline landscape and offers detailed analysis of its products. Buy the report here.
Of these devices, ten are in active development, while the remaining three are in an inactive stage of development. There are seven products in the early stages of development, and the remaining three are in the late stages of development.
Orthopedic power tools are the devices which are used for cutting and drilling the bones during surgeries and in other medical treatments. Orthopedic power tools include large bone power tools, small bone power tools and high speed power tools. Orthopedic power tools require the use of consumables such as replacement blades, burs, batteries and others, during the treatment and surgical procedures. In this model, we track revenues generated by capital equipment, consumables and maintenance/repair services for large bone power tools, small bone power tools and high speed power tools.
Innovations in the medical devices sector are linked to the development of new approaches, processes, or technologies for treating, diagnosing, and managing disease in response to demand from healthcare for better patient outcomes and reduce healthcare costs.
Based on an analysis of GlobalData’s Medical Intelligence Center pipeline product database, these actively developed Power Tools pipeline devices are all expected to be approved within the next ten years.
Currently, private organizations, public entities and institutions are working on the development of Power Tools devices. Overall, most of these Power Tools pipeline devices are being developed by private entities.
Key players involved in the active development of Power Tools include SpineGuard, Stryker, Surgify Medical, University of Bern, University of Strathclyde, Howmedica Osteonics, Indian Institute of Technology Delhi, Leiden University and Norwegian University of Science and Technology.
For a complete picture of the developmental pipeline for Power Tools devices, buy the report here.
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