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Orthopedic Power Tools Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4036

Orthopedic Power Tools Market size is projected to witness substantial growth between 2021 to 2027 owing to rising technological and operational enhancements along with the expanding aging population. Thriving volumes of orthopedic procedures have led various governments and private authorities to promote regulations pertaining to operating room supply standardization.
 

Orthopedic power tools are instruments mainly utilized in drilling, sawing, reaming, and screwing activities while performing surgeries on bones or bone fragments. They are generally employed in human or veterinary orthopedic, neurology, traumatology, and ENT surgeries.
 

The higher costs of these devices, and the presence of stringent government regulations, and austerity measures may pose a challenge to the market growth. However, the surging episodes of fragile fractures in the wrist, hip, and spine coupled with the emergence of disposable power tools for eliminating the sterilization problems will add strong impetus to the product demand spurt. 
 

Based on products, the market share from large bone orthopedic power tools will expand through 2027 driven by the growing instances of sports injuries, accidents, and orthopedic diseases. Apart from offering high performance, these tools are economically viable, easy to assemble, and lightweight. This has led to growing efforts by numerous industry players to come up with innovative as well as technologically advanced products. The swelling adoption of these tools in large bone surgeries and the mounting number of orthopedic procedures will infuse a positive prospect for the industry.
 

In terms of technology, electric-powered systems are estimated to hold a substantial market share on account of their ease of use and affordability. These tools are very practical as they offer maximum freedom of movement considering the absence of cables. However, this technology is less preferred in very sensitive and long operations, including neurology.
 

North America orthopedic power tools market will gain considerable momentum ascribing to the significantly rising number of spinal and other orthopedic procedures. The growing spending capacities of consumers along with thriving healthcare expenditure, mainly in the U.S. has led to well-established healthcare infrastructure in the region. This can also be accounted to the rising technological advancements and the presence of high-skilled orthopedic surgeons. The mount in instances of accidents and amputations is another prominent factor influencing the regional expansion. As per the Amputee Coalition of America, the total number of new lower extremity amputations is valued at 185,000 per year and there are over 2 million amputees in the U.S.
 

The market comprises the presence of players, such as Stryker Corporation, Peter Brasseler Holdings, Smith & Nephew plc., Microaire Surgical Instruments (Marmon Group), DePuy Synthes (Johnson & Johnson), Zimmer Biomet, Desoutter Medical Ltd., Medtronic plc Inc., Conmed Corporation and B. Braun Melsungen AG (B. Braun Holding GmbH & Co. KG).
 

Strategic marketing ventures, including acquisitions, partnerships, and mergers, along with new product launches, investments, and capacity expansions, are leading initiatives adopted by these firms to reinforce their market position whilst attaining competitive advantages.
 

For instance, in January 2019, Zimmer Biomet, a well-known orthopedic power tools manufacturer, secured the 510(k) clearance from the U.S. FDA (Food and Drug Administration) for the use of ROSA, its Knee System employed in robotically assisted total knee replacement procedures.
 

Impact of the COVID-19 crisis on orthopedic power tools market forecast

The COVID-19 pandemic hit the global economy with unprecedented impacts on a large profile of industrial sectors worldwide. However, the demand for orthopedic surgical power tools attained significant traction given the spiraling number of bone diseases coupled with the soaring surgical requirement to treat the infected patients. The growing efforts undertaken by leading regulatory bodies, like the FDA, to offer timely and consistent access to high-quality medical devices for assisting patients and health care providers also contributed to the amplified product adoption. 
 

The orthopedic power tools market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments:

Market, by Product

  • Large Bone Orthopedic Power Tools
  • Small Bone Orthopedic Power Tools
  • High Speed Orthopedic Power Tools
  • Orthopedic Reamers

Market, by Technology

  • Electric Powered
  • Battery Powered
  • Pneumatic Powered

Market, by Application

  • Orthopedic Surgeries
  • Neurology
  • Oral
  • Thoracic
  • Others

Market, by End-use

  • Hospitals
  • Ambulatory surgical centers
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
       

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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