Orthopedics power tools market

Orthopedic Power Tools Market, by Product Type (Large Bone Orthopedic Power tools, Small Bone Orthopedic Power tools, High Speed Bone Orthopedic Power tools, Orthopedic Reamers), by Technology (Electric Powered Systems, Battery Operated Powered Systems, Pneumatic Powered System), by End User (Orthopedic Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Dec 2022
CMI1161
175 Pages
Excel & Pdf
Medical Devices

Summary

Orthopedics aim at the treatment of various orthopedic disorders in the musculoskeletal systems, which include musculoskeletal trauma, spine diseases, musculoskeletal injuries and infections. Orthopedic power tools are lightweight, user friendly as compared to conventional heavy orthopedic tools, and easy to handle while performing orthopedic surgeries. Orthopedic power tools are categorized into three types such as electric powered orthopedic tools, battery operated power systems, and pneumatic power tools.

Global orthopedic power tools Market is estimated to be valued at US$ 1,008.1 million in 2022 and is expected to exhibit a CAGR of 3.8% during the forecast period (2022-2030).

Figure 1. Global Orthopedic Power Tools Market Share (%), by Product Type, 2022

Global Orthopedic Power Tools Market - Drivers

The increasing incidence of spinal injuries is one of the factors that is expected to drive the market growth during the forecast period. For instance, according to the report published by the National Spinal Cord Injury Statistical Center in 2020, incidence of spinal cord injury is approximately 54 cases per one million people in the U.S.

Moreover, increasing number of product launches and regulatory approvals for orthopedic power tools are expected to propel the market growth during the forecast period. For instance, in September 2020, Medtronic Private Limited, launched Sonicision curved jaw cordless ultrasonic dissection system, which provides health care professionals with greater precision and convenience during orthopedic surgeries.

Orthopedic Power Tools Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2022:	US$ 1,008.1 Mn
Historical Data for:	2017 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	3.8%	2030 Value Projection:	US$ 1,363.8 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC Countries, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Product Type: Large Bone Orthopedic Power tools, Small Bone Orthopedic Power tools, High Speed Bone Orthopedic Power tools, Orthopedic Reamers By Technology: Electric Powered Systems, Battery Operated Powered Systems, Pneumatic Powered System By End User: Orthopedic Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
Companies covered:	De Soutter Medical, B. Braun SE, AYGUN CO.,INC., Medtronic, Johnson & Johnson Services, Inc., Zimmer Biomet, Stryker, medical bees GmbH, adeor medical AG., Shanghai Bojin Medical Instrument Co.,Ltd, CONMED Corporation., NSK / Nakanishi inc., MicroAire Surgical Instruments, LLC., Brasseler USA, ARBUTUS MEDICAL, joimax GmbH
Growth Drivers:	Increasing spinal cord injury due to road accidents
Restraints & Challenges:	High cost of surgical procedure in hospitals

Figure 2. Global Orthopedic Power Tools Market Share (%), by Region, 2022

Global Orthopedic Power Tools Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 has affected the economy in three main ways: by directly affecting production and demand of drugs and vaccines, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, U.A.E., Egypt, and others, faced problems with regard to the transportation of drugs and vaccines from one place to another. Following the outbreak of COVID-19 in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency. According to the World Health Organization’s report, manifestation of coronavirus (COVID-19) has resulted in more than 634,522,052 confirmed cases infected by COVID-19 worldwide as of 21 November, 2022.

Moreover, there is significant impact of COVID-19 pandemic on various surgical procedures, including orthopedic surgeries. Strict guidelines were specified to each specialty that has to be implemented and followed for orthopedic surgeons to provide safe and effective care to their patients during the COVID-19 pandemic. For instance, in August 2021, an article was published in Cureus Journal according to which, in Chile, South America the number of orthopedic surgeries fell by 22.8% during the first year of the pandemic. The maximum adverse impact was seen in knee arthroplasty (-64%), followed by hip arthroplasty (-41%) and knee ligament reconstruction (-44%).

Global Orthopedic Power Tools Market: Key Developments

In June 2021, Stryker, one of the leading medical technology companies, announced their partnership with Texas Health Hospital Mansfield. The hospital will be adopting the full suite of Stryker products to support their journey to eliminate harm for healthcare providers and patients in the operating room. This partnership will enhance the distribution portfolio of Stryker.

In May, 2021, ARBUTUS MEDICAL, a medical equipment manufacturer, announced that they have launch SteriTrak. SteriTrak includes a specialized pin and single-use drill cover in one package that includes a DeWalt drill, batteries and charger to the hospital to support the efficiency and speed of trauma centers when performing skeletal traction. SteriTrak is the power tool kit used for placing a pin, wire, or screw in the fractured bone, thus ARBUTUS MEDICAL has expanded its distribution network across the U.S.

Global Orthopedic Power Tools Market: Restraint

The major factors that hinder growth of the global orthopedic power tools market include high cost of surgical procedures in the hospitals. For instance, in October 2022, a paper was published by National Library of Medicine, according to which, procedures performed at ambulatory surgery centers were found to be significantly less costly than those performed at hospitals.

Global Orthopedic Power Tools Market- Key Players

Major players operating in the global orthopedic power tools market include De Soutter Medical, B. Braun SE, AYGUN CO.,INC., Medtronic, Johnson & Johnson Services, Inc., Zimmer Biomet, Stryker, Bmedical bees GmbH, adeor medical AG., Shanghai Bojin Medical Instrument Co.,Ltd, CONMED Corporation., NSK / Nakanishi inc., MicroAire Surgical Instruments, LLC., Brasseler USA, ARBUTUS MEDICAL, joimax GmbH among other prominent players

Table of Content

Table of Contents

*Browse 33 market data tables and 32 figures on "Global Orthopedic Power Tools Market” - forecast to 2030

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What is the current market size and compound annual growth rate (CAGR) of the global orthopaedic power tools market during the forecast period (2022-2030)?

Global orthopedic power tools market size is estimated to be valued at US$ 1,008.1 million in 2022 and is expected to exhibit a CAGR of 3.8% between 2022 and 2030.

What are the major factors driving the market growth?

Increasing prevalence of road accidents and increasing strategies like product launch by the key players are driving in the market.

Which is the leading product type segment in the market?

Large bone orthopedic power tools segment is the leading product type segment in the market.

What are the key factors hampering growth of the market?

The major factors hampering growth of the market include high cost of surgical procedure in the hospitals.

Which are the major players operating in the market?

Major players operating in the market include De Soutter Medical, B. Braun SE, AYGUN CO.,INC., Medtronic, Johnson & Johnson Services, Inc., Zimmer Biomet, Stryker, Bmedical bees GmbH, adeor medical AG., Shanghai Bojin Medical Instrument Co.,Ltd, CONMED Corporation., NSK / Nakanishi inc., MicroAire Surgical Instruments, LLC., Brasseler USA, ARBUTUS MEDICAL, joimax GmbH among other prominent players