Orthopedic Surgical Power Tools Market size is expected to grow at a CAGR of 3.5% throughout the forecast period, reaching nearly US$ 2.45 Bn. by 2029.Orthopedic Surgical Power Tools Market Overview:
The Orthopedic surgical power tools are specially designed devices that carry out a specific action such as drilling and fixing implants during surgeries. They are needed by surgeons to insert implants in the bones during orthopedic injuries. These tools can be used to drill, cut, saw, or ream the bones and they also aid in the precision required for an orthopedic surgery, which is why they are used by all surgeons.To know about the Research Methodology :- Request Free Sample Report
Orthopedic Surgical Power Tools Market Dynamics:
Prevalence of osteoporosis and other orthopedic ailments are the major factors propelling the market growth. The growing geriatric population leads to a rise in orthopedic procedures and cases of osteoporosis, which eventually fuels the growth of the global Orthopedic Surgical Power Tools Market. According to Arthritis Foundation, in 2017, nearly 30 million adults were reported to be suffering from osteoarthritis. The prevalence of osteoarthritis increases with age, and the onset is noted in almost 80% of people over the age of 65. The rising number of accidents across the globe has also added to the demand for technological innovations in orthopedic surgeries. This factor also impacts positively on the market growth. In addition to this, the rising number of sports-related injuries around the world has also increased the demand for technological innovations in orthopedic surgeries. According to the National Safety Council (NSC), in 2017, 526,000 injuries were reported due to personal exercise, 500,000 players were injured due to basketball, 457000 due to bicycling, and 341,000 due to football. However, hospital consolidation, high cost, medical device excise taxes and unfavourable reimbursement policies are some factors that may hamper the market growth. The report has profiled fifteen key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for a future hot spot in APAC region.Segment Analysis:
The global Orthopedic Surgical Power Tools market is segmented on the basis of product and technology. Based on Product, the large bone orthopedic power tools segment is expected to hold a large market share. The segment is expected to dominate the market owing to the factors like a rise in the prevalence of accidents, sports injuries, and orthopedic diseases. These power tools allow surgeons to perform surgical procedures with high accuracy and with greater pace. They also provide several advantages as they are lightweight, easy to assemble, economically viable. Surgical power tools have been very popular in the global market due to their consistent development. Based on Technology, Battery driven power tools are expected to witness lucrative growth during the forecast period. Battery driven power tools were valued at USD 699 million in 2022. These surgical power tools can operate on batteries and are not directly connected to an electrical source. Furthermore, these devices are user-friendly and do not come with a lead. Lithium batteries are commonly preferred in battery-powered power tools due to their longer life.Orthopedic Surgical Power Tools Market Regional Insights:
North America dominates the global market, followed by Europe. Based on geographical analysis, North America dominates the market owing to rising healthcare expenditure in the United States. The U.S. surgical power tools market is projected to grow at a CAGR of 4.3%. Additionally, the availability of high-skilled orthopedic surgeons in the country is also supporting the growth of the U.S. market. The increasing need for orthopedic procedures is driving the demand for orthopedic surgical power tools in the region. Furthermore, factors such as technological advancements associated with orthopedic surgeries in North America also add value to the market growth. Europe is expected to hold the second largest market share during the forecast period, Owing to the rising geriatric population and increasing demand for orthopedic procedures. The growing geriatric population increases the burden of chronic diseases, which aids the market growth. The report also helps in understanding the Global Orthopedic Surgical Power Tools Market dynamics, structure by analyzing the market segments and project the Global Orthopedic Surgical Power Tools Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Orthopedic Surgical Power Tools Market make the report investor’s guide.Key developments:
• In December 2021, Zimmer Biomet Holdings, Inc. completed the acquisition of A&E Medical Corporation, for USD 150 million in cash at closing and USD 100 million in cash payable in 2021. With this deal, Zimmer Biomet has acquired A&E Medical’s complete portfolio of sternal closure devices including sternal sutures, cable systems, and rigid fixation along with various other surgical products. • In September 2021, Medtronic Private Limited, launched Sonicision curved jaw cordless ultrasonic dissection system, to provides greater precision and convenience during orthopedic surgeries.Global Orthopedic Surgical Power Tools Market Scope: Inquire before buying
Global Orthopedic Surgical Power Tools Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 1.92 Bn. Forecast Period 2023 to 2029 CAGR: 3.5% Market Size in 2029: US $ 2.45 Bn. Segments Covered: by Product Large bone orthopedic power tools Small bone orthopedic power tools High-speed orthopedic power tools Orthopedic reamers by Technology Pneumatic-Powered Systems Electric-Powered Systems Battery-Powered Systems Orthopedic Surgical Power Tools Market, by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Orthopedic Surgical Power Tools Market Key Players are:
1. ConMed Corporation 2. Medtronic 3. Stryker Inc. 4. Arthrex 5. Zimmer Holdings Inc. 6. DePuy Synthes 7. Misonix Inc. 8. Aesculap 9. Adeor 10.Aygun Surgical Instruments 11.MedicMicro 12.B. Braun 13.OsteoMed 14.Brasseler USA 15.Stars Medical DevicesFrequently Asked questions
1. What is the market size of the Global Orthopedic Surgical Power Tools Market in 2022? Ans. The market size global market in 2022 was US$ 1.92 Billion. 2. What are the different segments of the Global Orthopedic Surgical Power Tools Market? Ans. The global market is divided into Product and Technology. 3. What is the study period of this market? Ans. The Global Orthopedic Surgical Power Tools Market will be studied from 2022 to 2029. 4. Which region is expected to hold the highest Global Orthopedic Surgical Power Tools Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Orthopedic Surgical Power Tools Market? Ans. The Forecast Period of the market is 2023-2029 in the market.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Orthopedic Surgical Power Tools Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Orthopedic Surgical Power Tools Market 3.4. Geographical Snapshot of the Orthopedic Surgical Power Tools Market, By Manufacturer share 4. Global Orthopedic Surgical Power Tools Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Orthopedic Surgical Power Tools Market 5. Supply Side and Demand Side Indicators 6. Global Orthopedic Surgical Power Tools Market Analysis and Forecast, 2022-2029 6.1. Global Orthopedic Surgical Power Tools Market Size & Y-o-Y Growth Analysis. 7. Global Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 7.1.1. Large bone orthopedic power tools 7.1.2. Small bone orthopedic power tools 7.1.3. High-speed orthopedic power tools 7.1.4. Orthopedic reamers 7.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 7.2.1. Pneumatic-Powered Systems 7.2.2. Electric-Powered Systems 7.2.3. Battery-Powered Systems 8. Global Orthopedic Surgical Power Tools Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 9.1.1. Large bone orthopedic power tools 9.1.2. Small bone orthopedic power tools 9.1.3. High-speed orthopedic power tools 9.1.4. Orthopedic reamers 9.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 9.2.1. Pneumatic-Powered Systems 9.2.2. Electric-Powered Systems 9.2.3. Battery-Powered Systems 10. North America Orthopedic Surgical Power Tools Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 12. Canada Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 13. Mexico Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 14. Europe Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 15. Europe Orthopedic Surgical Power Tools Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 17. France Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 18. Germany Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 19. Italy Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 20. Spain Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 21. Sweden Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 22. CIS Countries Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 23. Rest of Europe Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 24. Asia Pacific Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 25. Asia Pacific Orthopedic Surgical Power Tools Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 27. India Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 28. Japan Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 29. South Korea Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 30. Australia Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 31. ASEAN Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 32. Rest of Asia Pacific Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 33. Middle East Africa Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 34. Middle East Africa Orthopedic Surgical Power Tools Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 36. GCC Countries Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 37. Egypt Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 38. Nigeria Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 39. Rest of ME&A Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 40. South America Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 41. South America Orthopedic Surgical Power Tools Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 43. Argentina Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 44. Rest of South America Orthopedic Surgical Power Tools Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Technology, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Orthopedic Surgical Power Tools Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. ConMed Corporation 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Medtronic 45.3.3. Stryker Inc. 45.3.4. Arthrex 45.3.5. Zimmer Holdings Inc. 45.3.6. DePuy Synthes 45.3.7. Misonix Inc. 45.3.8. Aesculap 45.3.9. Adeor 45.3.10. Aygun Surgical Instruments 45.3.11. MedicMicro 45.3.12. B. Braun 45.3.13. OsteoMed 45.3.14. Brasseler USA 45.3.15. Stars Medical Devices 46. Primary Key Insights