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Orthopedic Power Tools Market

Market Insights on Orthopedic Power Tools covering sales outlook, demand forecast & up-to-date key trends

Orthopedic Power Tools Market by Product Type (Large Bone Power Tools, Small Bone Power Tools, High-Speed Power Tools, Single Use (Disposable) Power Tools, Orthopedic Reamers, and Consumables), Technology (Pneumatic Powered, Battery Operated, and Electric Powered) & Region - Forecast 2022-2032

Orthopedic Power Tools Market Overview

By 2026, the Orthopedic Power Tools market is estimated to reach US$ 1,254.37 million, growing at a CAGR of 3.9% over the forecast period.

Attributes

Details

Orthopedic Power Tools Market CAGR

3.9%

Orthopedic Power Tools Market Value

US$ 1,254 Mn

With rapid technological advancement and increasing orthopedic procedures volume, the orthopedic power tools market is expected to have a healthy growth rate and high demand for orthopaedic power tools in the forecast period.

The orthopedic power tools market is predicted to increase due to the usage of minimally invasive orthopaedic surgery equipment and the advent of cutting-edge technologies such as robotic and power-assisted technologies.

Growing elderly population, rising incidence of orthopaedic ailments such as osteoarthritis and rheumatoid arthritis, rising volumes of orthopaedic operations, and growing demand for orthopaedic power tools, demand for less invasive surgical techniques are all contributing to orthopedic power tools market revenue growth.

Other major factors driving the orthopedic power tools market share include an increase in sports-related injuries and road accidents, introduction of high-power, and high-performance of surgical tools such as pneumatic-powered and electric-powered systems.

What has been the Impact of COVID-19 on the Orthopedic Power Tools Market?

The pandemic has had an impact on how many medical operations, especially orthopaedic surgery, are performed and sales of orthopaedic power tools.

Due to the obvious regulatory authorities' strict guidance in the orthopaedic power tools market to prevent any non-emergent surgery, the demand for orthopaedic power tools has decreased dramatically throughout the pandemic.

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What are the Factors Driving the Orthopedic Power Tools Market?

Orthopedic power tools market is driven by technological advancement, the rise in aging population around the globe, increasing orthopedic procedures volume, operating room supply standardization, rising competition forces businesses to innovate.

Sales of orthopaedic power tools may alleviate not just the sterilising issues connected with power tools, but also the expense of maintenance and servicing, resulting in potential orthopedic power tools market growth.

The increasing incidence of sports-related injuries throughout the world has fueled demand for orthopaedic power tools technical advancements in orthopaedic surgery.

Which Segment of the Orthopaedic Power Tools Market has a Major Share?

Due to reasons such as the growth in the occurrence of accidents, sports injuries, and orthopaedic disorders, the big bone power tools category of the orthopedic power tools market currently owns the largest orthopaedic power tools market share, and it is expected to maintain its demand for orthopaedic power tools over the projected period.

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What Factors hamper the Orthopedic Power Tools Market Growth?

Growing competition and austerity policies are anticipated to put strain on the healthcare providers to lower device costs, potentially hampering orthopedic power tools market growth.

Hospital consolidation and cost-containment pressures, reimbursement policies and medical devices excise tax act as a barrier for sales of orthopedic power tools as well as the demand for orthopaedic power tools.

What is the Region-wise Outlook of the Orthopedic Power Tools Market?

Depending on geographic region, orthopedic power tools market is segmented into seven key regions--North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

Due to rise in orthopedic and spinal procedures and sales of orthopedic power tools in the past few years, North America has the largest orthopedic power tools market share in terms of both sales of orthopedic power tools units and orthopedic power tools market revenue.

The demand for orthopaedic power tools in the region is expanding due to the growing requirement for orthopaedic operations and sales of orthopedic power tools. The availability of highly experienced orthopaedic doctors in the United States is also boosting the demand for orthopaedic power tools in the United States.

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What are the Factors for North America to hold a Major Orthopedic Power Tools Market Share?

Due to escalating healthcare costs in the United States, North America has the greatest proportion of the orthopedic power tools market share examined.

Some of the important reasons pushing demand for orthopedic power tools market expansion include the direct presence of key regional companies, a robust distribution network, escalated sales of orthopedic power tools and well-established healthcare infrastructure.

The rising incidence of accidents and amputations in the country is likely to propel the sales of orthopedic power tools market in North America.

In the long term, factors such as technology improvements linked with orthopaedic procedures in North America provide value to the industry.

Who are the Major Players of the Orthopedic Power Tools Market?

Some of key participating players in orthopedic power tools market are Stryker Inc., Zimmer Holdings Inc., Misonix Inc., Aesculap, Arthrex, Brasseler USA, ConMed Corporation, DePuy Synthes, Medtronic and others.

Zimmer Biomet Holdings Inc. finalised the acquisition of A&E Medical Corporation in December 2020 for USD 150 million in cash at closure and another USD 100 million due in cash in 2021. With this acquisition, Zimmer Biomet now owns A&E Medical's entire sternal closure device portfolio, including sternal sutures, cable systems, and rigid fixation, as well as a variety of additional surgical items.

Sonicision curved jaw cordless ultrasonic dissection device was released by Medtronic Private Limited in September 2020 to deliver increased precision and convenience during orthopaedic procedures.

Scope Of Report

REPORT ATTRIBUTE

DETAILS

Growth rate

CAGR of 3.9% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 – 2020

Forecast period

2022 – 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Product Type, Technology, Region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Stryker Inc., Zimmer Holdings Inc., Misonix Inc., Aesculap, Arthrex, Brasseler USA, ConMed Corporation, DePuy Synthes, Medtronic and others.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

Large bone power tools segment accounted for more than USD 529 million in the orthopaedic power tools market.

Pneumatic powered systems category is expected to have a significant orthopaedic power tools market share.

During the forecast period, the electric-powered systems segment is expected to dominate the orthopaedic power tools market since these tools are both handy and cost-effective.

With an orthopaedic power tools market share of 32.8% in 2020, Europe became the second-largest regional for demand for orthopaedic power tools.

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Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Orthopedic Power Tools Market