Orthopedic Power Tools Market Forecasts to 2030 - Global Analysis By Product Type (Instruments, Accessories, Hand pieces, Disposables and Other Product Types), Type (Medium Bone Power Tools, Large Bone Power Tools, Small Bone Power Tools, High-Speed Power Tools, Orthopedic Reamers and Other Types), Usage (Reusable, Disposable and Other Usages), Technology, End User and By Geography
Estimated Year Value (2023)
US $1.73 BN
Projected Year Value (2030)
US $2.62 BN
CAGR (2023 - 2030)
North America, Europe, Asia Pacific, South America, and Middle East & Africa
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa
Highest Growing Market
According to Stratistics MRC, the Global Orthopedic Power Tools Market is accounted for $1.73 billion in 2023 and is expected to reach $2.62 billion by 2030 growing at a CAGR of 6.1% during the forecast period. The orthopedic power tools are the instruments that are primarily used for the treatment of disorders starting at birth, such as those associated with the musculoskeletal systems, which include bones, ligaments, cartilage, connective tissues, and tendons. They also help in ignoring injuries brought on by physical harm, thereby providing an orthopedic support system. Moreover, orthopedic instruments and tools are electrically powered medical tools that make it possible to complete surgical procedures quickly and accurately, such as implant insertion and surgical puncturing.
According to the Centers for Disease Control and Prevention (CDC), an estimated 24.5 million emergency department visits were recorded in the U.S. for unintentional injuries in 2019. Falls and motor vehicle traffic-related injuries accounted for the majority share of these admissions in the country.
Increase in musculoskeletal conditions
Musculoskeletal pain can affect bones, ligaments, tendons, muscles, and more. The Muscle tissue can be harmed by the wear and tear of daily activities. Additionally, Injuries from car accidents, sitting jobs that alter body posture and other factors are all expected to have a positive effect on market growth by increasing the prevalence of musculoskeletal disorders. For instance, The World Health Organization (WHO) has reported that 1.71 billion people worldwide have musculoskeletal disease diagnoses.
High contamination risk
Due to the increased risk of contamination caused by a potential bacterial buildup on tool surfaces, which increases the possibility of post-operative infections and serious complications, the market for orthopedic power tools is severely constrained. Despite stringent sterilization procedures, the complex construction of these instruments may harbor microorganisms, possibly leading to surgical site infections and prolonged patient recovery times. To address this problem, efforts have been made to create novel materials, antimicrobial coatings, disposable attachments, and thorough training to ensure strict sterilization procedures and reduce the risk of contamination during orthopedic surgeries.
Improvements in orthopedic technology
Orthopedic surgery and technology communicate to generate a vast innovation space. For improved visualization during surgery, power tool manufacturers can take advantage of the opportunity to integrate cutting-edge technologies like augmented reality (AR) and virtual reality (VR). Furthermore, ergonomic designs that lessen surgeon fatigue, intelligent automation that adapts to surgical nuances and real-time imaging integration can result in procedures that are more accurate and efficient, positioning manufacturers at the forefront of surgical innovation.
Price competition in healthcare systems
Pricing strategies may be impacted by the pressure to provide affordable solutions in the face of financial restrictions within healthcare systems. When compared to similar competing products, healthcare providers may request lower power tool prices in an effort to reduce costs. Moreover, manufacturers may be forced to choose between maintaining profitability and spending money on research and development to produce cutting-edge technologies.
The COVID-19 pandemic had a significant effect on the orthopedic power tool market by disrupting the supply chain, delaying elective surgeries, and changing the emphasis of healthcare spending. Power tool accessibility was impacted by lockdowns, travel restrictions, and supply chain disruptions that caused production delays and component shortages. Due to financial limitations and unpredictability, the market has seen an increase in the adoption of telemedicine and digital solutions, but it has also seen a cautious approach to implementing new technologies. Additionally, manufacturers adjust to the new normal as healthcare systems recover, and a renewed focus on patient safety, remote capabilities, and robust supply chains emerges during the pandemic.
The large bone power tools segment is expected to be the largest during the forecast period
The large bone power tools segment is anticipated to have the largest market share during the forecast period, which plays a crucial role in supporting intricate procedures involving the major bones of the skeletal system. These specialized instruments are used by surgeons in operations like joint reconstructions, fracture fixes, and spinal surgeries, where their durable construction and high torque capabilities are essential for accuracy and stability. The segment's importance is highlighted by its capacity to facilitate complex bone shaping, implant insertion, and secure fixation, ultimately resulting in better patient outcomes and advancing orthopedic surgical methods.
The ambulatory surgical centers segment is expected to have the highest CAGR during the forecast period
The orthopedic power tool market is expected to grow at the highest CAGR in ambulatory surgical centers. The demand for orthopedic power tools in this environment is anticipated to be driven by the rising preference for outpatient procedures, affordable surgical options, shorter hospital stays, and the convenience provided by ambulatory surgical centers. Additionally, the adoption of orthopedic power tools is likely to be fueled by the flexibility, quicker recovery times, and improvements in minimally invasive techniques associated with ambulatory surgeries, contributing to the segment's significant market growth.
Region with largest share:
Due to rising healthcare costs in the United States, North America holds the largest market share. Other significant factors driving market growth in this region include the direct presence of important regional players, a strong distribution network, and an advanced healthcare infrastructure. Moreover, the market for orthopedic power tools in North America is also anticipated to be driven by the rise in accidents and amputations as well as the availability of highly skilled orthopedic surgeons. Long-term market growth is also influenced by additional factors, such as technological developments connected to orthopedic surgeries in the region.
Region with highest CAGR:
In the market for orthopedic power tools, the Asia-Pacific region is anticipated to have the highest CAGR. Increased orthopedic procedures, rising healthcare investments, expanding healthcare facilities, and rising public awareness of cutting-edge medical technologies are all predicted to contribute to a significant increase in market size in this region. Moreover, the region will be a key focus for manufacturers and investors in the upcoming years due to its robust market expansion, the adoption of cutting-edge surgical techniques, and an increase in orthopedic conditions.
Key players in the market
Some of the key players in Orthopedic Power Tools market include Zimmer Biomet, DePuy Synthes, Brasseler USA, Aygun Surgical Instruments, Arthrex, Conmed Corporation, Micro Aire, B. Braun Melsungen AG, De Soutter Medical, AlloTech Co. LTD, OsteoMed, Stars Medical Devices, Stryker Corporation, Misonix Inc., Kaiser Medical Technology, Johnson & Johnson Services, Inc. and Medtronic Plc.
In August 2023, Enernet Global has recently signed a power purchase agreement with Zimmer Biomet, a global leader in medical technology. As part of this agreement, Enernet will provide low carbon energy to Zimmer Biomet’s manufacturing facility in Ponce, Puerto Rico.
In June 2023, GE HealthCare has entered into a distribution agreement with DePuy Synthes, the Orthopaedics Company of Johnson & Johnson, to bring GE HealthCare’s OEC 3D Imaging System, in conjunction with DePuy Synthes’ extensive product portfolio, to more surgeons and patients across the United States. This new collaboration demonstrates GE HealthCare’s ongoing commitment to bring exceptional imaging technologies to clinicians providing patient care through the practice of some of healthcare’s most complex spine procedures today.
In May 2023, Medtronic plc, a global leader in healthcare technology, announced it has entered into a set of definitive agreements to acquire EOFlow Co. Ltd. , manufacturer of the EOPatch® device — a tubeless, wearable and fully disposable insulin delivery device.
Product Types Covered:
• Hand pieces
• Other Product Types
• Medium Bone Power Tools
• Large Bone Power Tools
• Small Bone Power Tools
• High-Speed Power Tools
• Orthopedic Reamers
• Other Types
• Other Usages
• Electric Powered Device
• Pneumatic Powered Device
• Battery Powered Device
• Other Technologies
End Users Covered:
• Specialty Clinics
• Orthopedic Clinics
• Ambulatory Surgical Centres
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Product Analysis
3.7 Technology Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Orthopedic Power Tools Market, By Product Type
5.2.1 Surgical Drills
5.6 Other Product Types
6 Global Orthopedic Power Tools Market, By Type
6.2 Medium Bone Power Tools
6.3 Large Bone Power Tools
6.4 Small Bone Power Tools
6.5 High-Speed Power Tools
6.6 Orthopedic Reamers
6.7 Other Types
7 Global Orthopedic Power Tools Market, By Usage
7.4 Other Usages
8 Global Orthopedic Power Tools Market, By Technology
8.2 Electric Powered Device
8.3 Pneumatic Powered Device
8.4 Battery Powered Device
8.5 Other Technologies
9 Global Orthopedic Power Tools Market, By End User
9.3 Specialty Clinics
9.4 Orthopedic Clinics
9.5 Ambulatory Surgical Centres
9.6 Other End Users
10 Global Orthopedic Power Tools Market, By Geography
10.2 North America
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.5 Other Key Strategies
12 Company Profiling
12.1 Zimmer Biomet
12.2 DePuy Synthes
12.3 Brasseler USA
12.4 Aygun Surgical Instruments
12.6 Conmed Corporation
12.7 Micro Aire
12.8 B. Braun Melsungen AG
12.9 De Soutter Medical
12.10 AlloTech Co. LTD
12.12 Stars Medical Devices
12.13 Stryker Corporation
12.14 Misonix Inc.
12.15 Kaiser Medical Technology
12.16 Johnson & Johnson Services, Inc.
12.17 Medtronic Plc
List of Tables
1 Global Orthopedic Power Tools Market Outlook, By Region (2021-2030) ($MN)
2 Global Orthopedic Power Tools Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Orthopedic Power Tools Market Outlook, By Instruments (2021-2030) ($MN)
4 Global Orthopedic Power Tools Market Outlook, By Surgical Drills (2021-2030) ($MN)
5 Global Orthopedic Power Tools Market Outlook, By Saws (2021-2030) ($MN)
6 Global Orthopedic Power Tools Market Outlook, By Accessories (2021-2030) ($MN)
7 Global Orthopedic Power Tools Market Outlook, By Handpieces (2021-2030) ($MN)
8 Global Orthopedic Power Tools Market Outlook, By Disposables (2021-2030) ($MN)
9 Global Orthopedic Power Tools Market Outlook, By Other Product Types (2021-2030) ($MN)
10 Global Orthopedic Power Tools Market Outlook, By Type (2021-2030) ($MN)
11 Global Orthopedic Power Tools Market Outlook, By Medium Bone Power Tools (2021-2030) ($MN)
12 Global Orthopedic Power Tools Market Outlook, By Large Bone Power Tools (2021-2030) ($MN)
13 Global Orthopedic Power Tools Market Outlook, By Small Bone Power Tools (2021-2030) ($MN)
14 Global Orthopedic Power Tools Market Outlook, By High-Speed Power Tools (2021-2030) ($MN)
15 Global Orthopedic Power Tools Market Outlook, By Orthopedic Reamers (2021-2030) ($MN)
16 Global Orthopedic Power Tools Market Outlook, By Other Types (2021-2030) ($MN)
17 Global Orthopedic Power Tools Market Outlook, By Usage (2021-2030) ($MN)
18 Global Orthopedic Power Tools Market Outlook, By Reusable (2021-2030) ($MN)
19 Global Orthopedic Power Tools Market Outlook, By Disposable (2021-2030) ($MN)
20 Global Orthopedic Power Tools Market Outlook, By Other Usages (2021-2030) ($MN)
21 Global Orthopedic Power Tools Market Outlook, By Technology (2021-2030) ($MN)
22 Global Orthopedic Power Tools Market Outlook, By Electric Powered Device (2021-2030) ($MN)
23 Global Orthopedic Power Tools Market Outlook, By Pneumatic Powered Device (2021-2030) ($MN)
24 Global Orthopedic Power Tools Market Outlook, By Battery Powered Device (2021-2030) ($MN)
25 Global Orthopedic Power Tools Market Outlook, By Other Technologies (2021-2030) ($MN)
26 Global Orthopedic Power Tools Market Outlook, By End User (2021-2030) ($MN)
27 Global Orthopedic Power Tools Market Outlook, By Hospitals (2021-2030) ($MN)
28 Global Orthopedic Power Tools Market Outlook, By Specialty Clinics (2021-2030) ($MN)
29 Global Orthopedic Power Tools Market Outlook, By Orthopedic Clinics (2021-2030) ($MN)
30 Global Orthopedic Power Tools Market Outlook, By Ambulatory Surgical Centres (2021-2030) ($MN)
31 Global Orthopedic Power Tools Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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