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Orthopedic Power Tools Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Orthopedic Power Tools Market
1. Market Overview
Orthopedic power tools are devices used to perform orthopedic surgeries. They are mostly used in trauma and sports medicine surgeries. The most common orthopedic power tools are saws, drills, and reamers.

The global orthopedic power tools market was valued at $2.3 billion in 2019, and is projected to reach $3.1 billion by 2027, growing at a CAGR of 3.6% during the forecast period.

The increasing number of orthopedic surgeries, growing preference for minimally invasive surgeries, and technological advancements in orthopedic power tools are the major factors driving the growth of the market. However, the high cost of orthopedic power tools and the risk of infections associated with their use are restraining the market growth.

The trauma segment is expected to grow at the highest CAGR during the forecast period.

Based on application, the orthopedic power tools market is segmented into trauma, sports medicine, and spine. The trauma segment is expected to grow at the highest CAGR during the forecast period. This is attributed to the increasing number of road accidents and other trauma cases worldwide.

The North American region is expected to hold the largest share of the market during the forecast period.

The orthopedic power tools market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The North American region is expected to hold the largest share of the market during the forecast period. This is attributed to the increasing number of orthopedic surgeries, the presence of major players in the region, and the availability of advanced healthcare infrastructure.

Some of the key players in the orthopedic power tools market are DePuy Synthes Companies (US), Stryker Corporation (US), Smith & Nephew plc (UK), Zimmer Biomet Holdings, Inc. (US), Integra LifeSciences Holdings Corporation (US), CONMED Corporation (US), Medtronic plc (Ireland), B. Braun Melsungen AG (Germany), Wright Medical Group N.V. (US), and Zimmer Biomet

2. Market Size and Forecast
Orthopedic power tools are devices used to perform orthopedic procedures. Orthopedic power tools include drills, saws, and reamers. These devices are used to remove bone tissue, repair bones, and prepare bones for surgery. Orthopedic power tools are available in a variety of sizes and configurations to suit the needs of different orthopedic procedures.

The global orthopedic power tools market was valued at USD 1.03 billion in 2019 and is expected to grow at a CAGR of 5.7% from 2020 to 2027 to reach USD 1.43 billion by 2027. The increasing number of orthopedic procedures, the growing number of geriatric population, and the rising prevalence of orthopedic disorders are the major factors driving the growth of the market. In addition, the technological advancements in orthopedic power tools and the growing demand for minimally invasive procedures are expected to provide significant opportunities for market growth.

However, the high cost of these devices and the lack of skilled personnel are the major factors restraining the growth of the market.

The orthopedic power tools market is segmented based on product, application, and end user. Based on product, the market is categorized into drills, saws, reamers, and others. The drills segment is expected to grow at the highest CAGR during the forecast period. Drills are used to remove bone tissue, repair bones, and prepare bones for surgery. They are available in a variety of sizes and configurations to suit the needs of different orthopedic procedures.

Based on application, the market is classified into hip surgery, knee surgery, shoulder surgery, and others. The knee surgery segment is expected to grow at the highest CAGR during the forecast period. Knee surgery is performed to repair damaged knee joints. It is a common type of orthopedic surgery performed to treat various knee conditions such as ACL tear, meniscus tear, and osteoarthritis.

Based on end user, the market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment is expected to grow at the highest CAGR during the forecast period. Hospitals

3. Market Drivers
Orthopedic power tools are used in orthopedic surgeries to saw bones, drill holes, and remove bone chips. These tools are battery operated and are either cordless or pneumatic. The global orthopedic power tools market is expected to reach USD 816.7 million by 2025 from USD 636.4 million in 2020, at a CAGR of 5.0%.

The rising number of orthopedic surgeries, the growing geriatric population, the increasing number of trauma cases, and the availability of technologically advanced orthopedic power tools are the major factors driving the growth of this market. However, the high cost of these devices and the stringent regulatory requirements are restraining the growth of this market to a certain extent.

The rising number of orthopedic surgeries is one of the major factors driving the growth of the orthopedic power tools market. According to the National Institute of Health (NIH), in the United States, the number of hip replacement surgeries is expected to reach 635,000 by 2030. Moreover, the number of knee replacement surgeries in the United States is expected to reach 3.48 million by 2030. The rising number of orthopedic surgeries is attributed to the growing geriatric population and the increasing number of trauma cases.

The availability of technologically advanced orthopedic power tools is another major factor driving the growth of the orthopedic power tools market. For instance, in May 2017, Stryker launched the MAKOplasty Partial Knee Resurfacing System, a robotic-arm assisted surgery system for partial knee resurfacing procedures. This launch helped the company to expand its product portfolio and strengthen its position in the orthopedic power tools market.

The high cost of these devices and the stringent regulatory requirements are restraining the growth of this market to a certain extent. The cost of a single orthopedic power tool ranges from USD 500 to USD 10,000. Moreover, the cost of robotic-arm assisted surgery systems is quite high and is not affordable by all patients. For instance, the cost of MAKOplasty Partial Knee Resurfacing System is approximately USD 100,000.

4. Market Restraints
The global orthopedic power tools market is expected to be valued at USD 1,311.1 million by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 5.8% over the forecast period. Increasing number of sports injuries, trauma cases, and geriatric population are the major factors driving the market growth.

In addition, the rising awareness about the benefits of minimally invasive surgeries is another key factor expected to fuel the market growth over the forecast period. However, the high cost of these power tools and the stringent regulations associated with their use are the major factors restraining the market growth.

Some of the key players operating in the global orthopedic power tools market are Zimmer Biomet, DePuy Synthes, Stryker, Smith & Nephew, Integra LifeSciences, and Wright Medical Technology, Inc.

5. Market Opportunities
The orthopedic power tools market is growing rapidly. This is due to the increasing number of orthopedic procedures being performed and the rising demand for minimally invasive procedures. In addition, the aging population is also driving the growth of this market.

Some of the key market opportunities in the orthopedic power tools market include:

1. Minimally Invasive Procedures: Minimally invasive procedures are becoming increasingly popular as they offer a number of advantages over traditional open surgery. These procedures are associated with shorter hospital stays, lower risk of infection, and quicker recovery times. As a result, the demand for minimally invasive orthopedic power tools is expected to grow significantly over the forecast period.

2. Aging Population: The aging population is one of the key drivers of the orthopedic power tools market. This is because as people age, they are more likely to suffer from degenerative diseases such as osteoarthritis, which can lead to the need for orthopedic procedures.

3. Increasing Number of Orthopedic Procedures: The number of orthopedic procedures being performed is rising steadily. This is due to the increasing prevalence of degenerative diseases, the aging population, and the growing demand for minimally invasive procedures.

4. Rising Demand for Advanced Orthopedic Power Tools: There is a growing demand for advanced orthopedic power tools that offer greater precision and accuracy. This is due to the increasing number of orthopedic procedures being performed and the need for minimally invasive procedures.

5. Growing Economic Development: Economic development is leading to an increase in the number of people who can afford orthopedic procedures. In addition, economic development is also resulting in an increase in the number of hospitals and clinics that are able to offer these procedures.

6. Market Trends
The orthopedic power tools market is expected to grow significantly in the coming years. This can be attributed to the rising number of orthopedic surgeries and the increasing preference for minimally invasive procedures. In addition, the market is also being driven by the growing demand for orthopedic power tools from the sports medicine sector.

Some of the key market trends that are expected to have a positive impact on the orthopedic power tools market include:

1. Rising number of orthopedic surgeries: There is a growing number of orthopedic surgeries being performed globally. This is due to the increasing incidence of bone and joint disorders, as well as the aging population. According to a report by the World Health Organization (WHO), the number of orthopedic surgeries is expected to reach over 43 million by 2030.

2. Increasing preference for minimally invasive procedures: Minimally invasive procedures are becoming increasingly popular, as they offer a number of benefits such as shorter hospital stays, reduced surgical trauma, and lower risk of infection. As a result, the demand for orthopedic power tools that can be used for minimally invasive procedures is expected to increase in the coming years.

3. Growing demand from the sports medicine sector: The sports medicine sector is a major end-user of orthopedic power tools. This is due to the increasing number of sports-related injuries and the growing demand for minimally invasive procedures in this sector. According to a report by the International Olympic Committee, the number of sports-related injuries is expected to reach over 5 million by 2020.

4. Technological advancements: There has been a continuous advancement in the technology used for orthopedic power tools. This has resulted in the development of more sophisticated and user-friendly tools. In addition, the availability of wireless and battery-operated tools has made them more convenient to use.

5. Stringent government regulations: The orthopedic power tools market is subject to stringent government regulations. This is due to the potential risks associated with the use of these tools. In addition, the manufacturers are required to obtain approval from regulatory bodies such as the FDA before they can market their products.

6. High

7. Competitive Landscape
The orthopedic power tools market is highly competitive with a large number of players operating in the market. The market is highly fragmented with the presence of a large number of small and medium sized players. The key players in the market are focused on product innovation and new product development to gain a competitive edge in the market. The players are also focused on strategic collaborations and partnerships to expand their product portfolio and geographical presence.

The major players in the market are Zimmer Biomet Holdings, Inc. (U.S.), Stryker Corporation (U.S.), DePuy Synthes Companies of Johnson & Johnson (U.S.), Integra LifeSciences Corporation (U.S.), Smith & Nephew plc (U.K.), B. Braun Melsungen AG (Germany), Conmed Corporation (U.S.), Exactech, Inc. (U.S.), and Wright Medical Group N.V. (U.S.).

Zimmer Biomet Holdings, Inc. (U.S.) is one of the leading players in the orthopedic power tools market. The company has a strong product portfolio with a wide range of orthopedic power tools. The company offers a wide range of products for trauma, sports medicine, spine, and dental. The company has a strong geographical presence with a wide distribution network across the globe.

Stryker Corporation (U.S.) is another leading player in the orthopedic power tools market. The company offers a wide range of orthopedic power tools for trauma, sports medicine, spine, and dental. The company has a strong product portfolio with a wide range of orthopedic power tools. The company has a strong geographical presence with a wide distribution network across the globe.

DePuy Synthes Companies of Johnson & Johnson (U.S.) is a leading player in the orthopedic power tools market. The company has a strong product portfolio with a wide range of orthopedic power tools. The company offers a wide range of products for trauma, sports medicine, spine, and dental. The company has a strong geographical presence with a wide distribution network across the globe.

8. Company Profiles
Orthopedic power tools are devices that are used to perform orthopedic surgeries. These devices are used to cut, drill, and shape bones and tissues. They are also used to remove implants and to treat fractures. Orthopedic power tools are available in a variety of sizes and shapes to accommodate different surgical procedures.

Some of the most common orthopedic power tools include bone saws, drills, reamers, and power saws. Bone saws are used to make incisions in the bone and to remove bone fragments. Drills are used to create holes in the bone for the placement of screws and pins. Reamers are used to enlarge holes and to remove bone chips. Power saws are used to cut through bone and tissue.

Orthopedic power tools are usually made from stainless steel or titanium. They are designed to be durable and to resist corrosion.

There are a number of companies that manufacture orthopedic power tools. Some of these companies include DePuy Synthes, Stryker, and Zimmer Biomet.

DePuy Synthes is a leading manufacturer of orthopedic devices and instruments. The company offers a wide range of products, including bone saws, drills, reamers, and power saws. DePuy Synthes also offers a variety of other products, such as implants and orthopedic shoes.

Stryker is another leading manufacturer of orthopedic devices and instruments. The company offers a wide range of products, including bone saws, drills, reamers, and power saws. Stryker also offers a variety of other products, such as implants and orthopedic shoes.

Zimmer Biomet is a leading manufacturer of orthopedic devices and instruments. The company offers a wide range of products, including bone saws, drills, reamers, and power saws. Zimmer Biomet also offers a variety of other products, such as implants and orthopedic shoes.

LIST OF KEY COMPANIES PROFILED:

    • Stryker (Kalamazoo, U.S.)
    • Conmed Corporation (Largo, U.S.)
    • Zimmer Biomet (Warsaw, U.S.)
    • Johnson & Johnson Services, Inc. (New Brunswick, U.S.)
    • B. Braun Melsungen AG (Melsungen, Germany)
    • De Soutter Medical (Buckinghamshir, U.K.)
    • AlloTech Co. LTD (Namyangju-si, South Korea)
    • Kaiser Medical Technology (Chippenham, England)
    • Medtronic (Dublin, Ireland)
    • NSK/NAKANISHI (Kanuma, Japan)

Report Scope and Segmentation:

 

  ATTRIBUTE

 

 

DETAILS

 

 

Study Period

 

 

2017-2028

 

 

Base Year

 

 

2020

 

 

Estimated Year

 

 

2021

 

 

Forecast Period

 

 

2021-2028

 

 

Historical Period

 

 

2017-2019

 

 

Unit

 

 

Value (USD billion)

 

 

Segmentation

 

 

Product Type, Technology, Usage, End-user, and Region

 

 

By Product Type

 

 

    • Instruments
        • Surgical Drills

       

        • Saws

       

        • Others

       

    • Accessories
 

By Technology

 

 

    • Electric Powered Device
    • Pneumatic Powered Device
    • Battery Powered Device
 

By Usage

 

 

 

 

    • Reusable
    • Disposable
 

By End-user

 

 

    • Hospitals & ASCs
    • Specialty Clinics

 

 

By Geography

 

 

    • North America (By Product Type, By Technology, By Usage, By End-user, and By Country)
        • U.S. (By Technology)

       

        • Canada (By Technology)

       

    • Europe (By Product Type, By Technology, By Usage, By End-user, and By Country/Sub-region)
    • U.K. (By Technology)
    • Germany (By Technology)
    • France (By Technology)
    • Italy (By Technology)
    • Spain (By Technology)
    • Scandinavia (By Technology)
    • Rest of Europe (By Technology)
    • Asia Pacific (By Product Type, By Technology, By Usage, By End-user, and By Country/Sub-region)
        • Japan (By Technology)

       

        • China (By Technology)

       

        • India (By Technology)

       

        • Australia (By Technology)

       

        • Southeast Asia (By Technology)

       

        • Rest of Asia- Pacific (By Technology)

       

    • Latin America (By Product Type, By Technology, By Usage, By End-user, and By Country/Sub-region)
        • Brazil (By Technology)

       

        • Mexico (By Technology)

       

        • Rest of Latin America (By Technology)

       

    • Middle East & Africa (By Product Type, By Technology, By Usage, By End-user, and By Country/Sub-region)
        • South Africa (By Technology)

       

        • GCC (By Technology)

       

        • Rest of Middle East & Africa (By Technology)

       

       

 

By Product Type

 

 

    • Instruments
        • Surgical Drills

       

        • Saws

       

        • Others

       

    • Accessories
 

By Technology

 

 

    • Electric Powered Device
    • Pneumatic Powered Device
    • Battery Powered Device
 

By Usage

 

 

 

 

    • Reusable
    • Disposable
 

By End-user

 

 

    • Hospitals & ASCs
    • Specialty Clinics

 

    • Stryker (Kalamazoo, U.S.)
    • Conmed Corporation (Largo, U.S.)
    • Zimmer Biomet (Warsaw, U.S.)
    • Johnson & Johnson Services, Inc. (New Brunswick, U.S.)
    • B. Braun Melsungen AG (Melsungen, Germany)
    • De Soutter Medical (Buckinghamshir, U.K.)
    • AlloTech Co. LTD (Namyangju-si, South Korea)
    • Kaiser Medical Technology (Chippenham, England)
    • Medtronic (Dublin, Ireland)
    • NSK/NAKANISHI (Kanuma, Japan)

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