Overview of Orthopedic Power Tools Market Size, Trends, Share and Growth Forecast till 2026

The global market discussion on “Global Orthopedic Power Tools Market” can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Orthopedic Power Tools Market Forecast, Trend Analysis & Competition Tracking - Global Review 2017 to 2026”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on orthopedic power tools market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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Key Takeaways from Fact.MR’s Report on Orthopedic Power Tools Market for Forecast Period 2017-2026

1- North America is anticipated to remain the largest market for orthopedic power tools, in terms of revenues. Factors such as large-scale presence of surgical centers and hospitals, along with rapid technological advancements are expected to retain North America’s dominance in the market. The market in Europe will also account for a major portion of the market’s revenue share during 2017 to 2026.

2- Asia-Pacific excluding Japan (APEJ) will witness a robust expansion in the market through 2026. This growth can be primarily attributed to increased prevalence of osteoporosis in APEJ countries such as China and India, along with rising prevalence of medical tourism in the region owing to availability of low-cost modern medical equipment, advanced hospitals, and skilled surgeons.

3- Based on modality, revenues from reusable orthopedic power tools’ worldwide sales will account for nearly three-fourth share of the market by 2026-end. However, reusable or disposable tools are expensive, require high maintenance costs, and are associated with risks regarding infection from patient. This has led surgeons toward adoption of single-use orthopedic power tools, which are convenient and cost-effective. Reusable orthopedic power tools will register the fastest expansion in the market through 2026.

4- Accounting for the largest market revenue share during 2017 to 2026, hospitals will remain the largest end-users of orthopedic power tools market. However, orthopedic clinics are projected to register the highest CAGR in the market through 2026. Revenues from ambulatory surgical centers will increase at a CAGR lower than those from orthopedic clinics, and higher than those from hospitals through 2026.

5- Although small bone power tools will account for the lowest revenue share of the market, their sales will reflect a relatively faster expansion than sales of large-bone power tools through 2026. In addition, sales of high-speed power tools will ride on the highest CAGR in the market, to become the second most lucrative product by 2026-end.

6- Key market participants profiled by Fact.MR’s report include Stryker Corporation, Johnson & Johnson, Zimmer Biomet, B Braun, CONMED Corporation, and Misonix.

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North America to Account for Largest Revenue Share of Global Orthopedic Power Tools Market during 2017-2026

Rapid technological advancements, and increasing volume of orthopedic procedures have accelerated demand for orthopedic power tools in North America. In terms of revenues, the largest share of the global orthopedic power tools market will be accounted by North America during 2017 to 2026. Europe and Asia-pacific excluding Japan (APEJ) will also remain lucrative regions for growth of the orthopedic power tools market.

A paradigm shift is being observed in the market from conventional reusable orthopedic power tools toward use of disposable or single-use orthopedic power tools. This is mainly to prevent the risk of infection in individuals caused by reusing & reprocessing the same orthopedic power tools on many individuals. In addition, single-use orthopedic power tools are cost-effective, and are pre-sterilized prior to their delivery to hospitals in a single-use format. Owing to these factors, sales of single-use power tools are projected to register the fastest expansion in the market through 2026, based on modality.

Large Bone Power Tools – Most Lucrative among Products in the Market

Large bone power tools will continue to be the most lucrative product in the global orthopedic power tools market, followed by high-speed power tools. These power tools find huge application in trauma-related surgeries, and knee & hip reconstruction surgeries. Compared to large bone and high-speed power tools, small bone power tools will account for a significantly lower revenue share of the market throughout the forecast period.

Orthopedic clinics and ambulatory surgical centers are projected to be the fastest expanding end-users of orthopedic power tools by 2026-end. On the other hand, sales of orthopedic power tools in hospitals will register a relatively lower CAGR than that in orthopedic clinics and ambulatory surgical centers through 2026.

Competition Tracking

Fact.MR’s report provides a competitive landscape of the global orthopedic power tools market, identifying key players in the market that include Misonix, CONMED Corporation, B Braun, Zimmer Biomet, Johnson & Johnson, and Stryker Corporation.

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