The Business Research Company’s report on the Orthopedic Power Tools Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the orthopedic power tools market in recent years?
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 instance, in June 2024, according to a report published by the Australian Bureau of Statistics, an Australia-based statistical agency, musculoskeletal conditions accounted for 12.8% of total disease burden (DALY), 23.1% of non-fatal burden (YLD), and 0.8% of fatal burden (YLL) in 2023, while in 2022, they were the underlying and/or associated cause of 10,446 deaths (40 per 100,000 population), representing 5.5% of all deaths. Hence the demand for orthopedic power tools is expected to increase in the forecast period as there is an increase in orthopedic disorders.
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What is the projected market size of the orthopedic power tools industry, and how is it expected to grow?
The orthopedic power tools market size has grown strongly in recent years. It will grow from $1.39 billion in 2024 to $1.48 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. 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 $1.89 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. 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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Who are the key players driving competition in the orthopedic power tools market?
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., GPC Medical Ltd., Integra LifeSciences Holdings Corp., Intrauma S.p.A., Medicon Genossenschaft, Medline Industries Inc., Ortho Solutions GmbH, OsteoMed Inc.
What key trends are expected to drive the organic spice market during the forecast period?
Adoption of advanced and innovative technology is a key trend in the orthopedic power tools market. Innovation for sterilizing the orthopedic power tools is taking place to improve the efficiency of the treatment procedure. For Instance, in March 2023, Stryker, a US-based medical technology company, launched the CD NXT System, the company’s latest breakthrough in power tools. This proprietary technology allows for real-time depth measuring while the surgeon drills, resulting in rapid, precise, and consistent digital depth measurements throughout several surgeries.
Which key geographies are driving the growth of the orthopedic power tools market?
North America was the largest region in the orthopedic power tools market in 2024. 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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What are the key segments driving growth in the orthopedic power tools market?
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
Subsegments:
1) By Large Bone Orthopedic Power Tools: Saws, Drills, Screwdrivers
2) By Small Bone Orthopedic Power Tools: Micro Saws, Micro Drills, Micro Screwdrivers
3) By High Speed Bone Orthopedic Power Tools: High-Speed Drills, High-Speed Saws, High-Speed Motors
4) By Orthopedic Reamers: Cannulated Reamers, Solid Reamers, Variable Diameter Reamers
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How is the orthopedic power tools market defined, and what are its core characteristics?
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.
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