Overview and Scope
Orthopedic power tools refer to tools used to perform surgery on bone or bone fragments. These tools perform functions such as drilling, sawing, reaming, screwing, and others. Orthopedic power tools are employed in every area of orthopedic surgery, from wound treatment by pulse lavage to drilling and reaming in long bone fractures with screws and intramedullary nails.
Sizing and Forecast
The orthopedic power tools market size has grown strongly in recent years. It will grow from $1.33 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to aging population, trauma cases, hospital infrastructure, patient safety, surgeon training and education.
The orthopedic power tools market size is expected to see strong growth in the next few years. It will grow to $1.81 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to telemedicine, home healthcare, sports medicine, non-invasive orthopedics, sustainable practices. Major trends in the forecast period include orthopedic implants, orthopedic device innovations, orthopedic robotics, bone reshaping and fusion, artificial intelligence (ai) and surgical navigation.
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Segmentation & Regional Insights
The orthopedic power tools market covered in this report is segmented –
1) By Product Type: Large Bone Orthopedic Power Tools, Small Bone Orthopedic Power Tools, High Speed Bone Orthopedic Power Tools, Orthopedic Reamers
2) By Technology: Pneumatic Powered, Battery Operated, Electric Powered
3) By End User: Orthopedic Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
North America was the largest region in the orthopedic power tools market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic power tools market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing prevalence of orthopedic disorders among the global population is expected to boost the orthopedic power tools market. The focus of orthopedics is the treatment of abnormalities or functional limitations of the skeletal system, notably the spine and its accompanying structure, ligaments, and muscles. The orthopedic power tools are used for treating these orthopedic ailments. For example, according to the WHO, approximately 1.71 billion people had musculoskeletal conditions worldwide in 2021. Hence the demand for orthopedic power tools is expected to increase in the forecast period as there is an increase in orthopedic disorders.
Key Industry Players
Major companies operating in the orthopedic power tools market include De Soutter Medical Ltd., B Braun Melsungen AG, Aygun Surgical Instruments Co. Inc., Medtronic plc, DePuy Synthes Inc., ConMed Corporation, Stryker Corporation, Zimmer Biomet Holdings Inc., Arthrex Inc., Smith and Nephew plc, Exactech Inc., Allo Tech Co. Ltd., Microaire Surgical Instruments Inc., Adeor Medical AG, Manman Manufacturing Company Pvt. Ltd., Bosch Healthcare Solutions GmbH, DynaMedic Co. Ltd., Arbutus Medical Inc., Aesculap AG, Becton Dickinson and Company, Biomet Inc., Brasseler USA, Ceterix Orthopaedics Inc., Corin Group, Elite Surgical Pvt. Ltd., Emerge Medical Medical Records and Genomics Network, GPC Medical Ltd., Integra LifeSciences Holdings Corp., Intrauma S.p.A., Medicon Genossenschaft, Medline Industries Inc., Ortho Solutions GmbH, OsteoMed Inc.
The orthopedic power tools market report table of contents includes:
1. Executive Summary
2. Orthopedic Power Tools Market Characteristics
3. Orthopedic Power Tools Market Trends And Strategies
4. Orthopedic Power Tools Market – Macro Economic Scenario
5. Global Orthopedic Power Tools Market Size and Growth
……
31. Global Orthopedic Power Tools Market Competitive Benchmarking
32. Global Orthopedic Power Tools Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Orthopedic Power Tools Market
34. Orthopedic Power Tools Market Future Outlook and Potential Analysis
35. Appendix
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