What are the Historical Developments and Current Growth Metrics of the Orthopedic Power Tools Market?
The orthopedic power tools market has seen considerable growth due to a variety of factors.
• In recent times, the market size for orthopedic power tools has seen a significant escalation. It is expected to climb from $1.39 billion in 2024 to $1.48 billion in 2025 following a compound annual growth rate (CAGR) of 6.8%.
Factors such as an aging population, increased trauma cases, advancements in hospital infrastructure, improved patient safety measures, along with enhanced surgeon training and education are key contributors to the growth experienced in the past period.
What Does Future Hold for The Orthopedic Power Tools Market Size?
The orthopedic power tools market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the market size of orthopedic power tools is anticipated to experience substantial growth. The market is projected to reach $1.89 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 6.3%.
The augmentation in the predicted period can be ascribed to factors such as telemedicine, home healthcare, sports medicine, non-invasive orthopedics, and sustainable practices. Emerging tendencies within this period consist of orthopedic implants, advancements in orthopedic devices, orthopedic robotics, bone reshaping and fusion, as well as artificial intelligence (AI) and surgical navigation.
What Key Factors and Trends are Driving the Growth of the Orthopedic Power Tools Market?
Globally, a rise in orthopedic conditions is anticipated to propel the orthopedic power tools market. Orthopedics primarily deals with the anomaly or functional issues of the skeletal system, which includes the spine, ligaments, and muscles, and uses these power tools in the treatment. For example, a report by the Australian Bureau of Statistics in June 2024 demonstrated that musculoskeletal disorders made up 12.8% of total disease burden (DALY), 23.1% of non-fatal burden (YLD), and 0.8% of fatal burden (YLL) back in 2023. The figures for 2022 indicate that they caused or were associated with 10,446 deaths (40 per 100,000 population), making up 5.5% of all fatalities. Thus, as orthopedic conditions rise, the need for orthopedic power tools is projected to grow in the future.
What are the Market Segments 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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What Trends are Shaping the Orthopedic Power Tools Market?
The orthopedic power tools market is seeing a significant trend in the adoption of advanced and innovative technologies. There is a push towards innovation in the sterilization of these tools to enhance the effectiveness of the treatment process. For example, in March 2023, US-based medical technology firm Stryker introduced its newest power tool innovation, the CD NXT System. This specialized solution offers real-time depth measurement while surgeons drill, ensuring swift, accurate, and uniform digital depth measurements during multiple procedures.
Who Are the Key Players 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 are the Regional Insights into 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.
