Global Orthopedic Power Tools Market: Key Facts, Market Participants (Misonix, CONMED Corporation, B Braun, Zimmer Biomet, Johnson & Johnson, and Stryker Corporation) and Forecast Predictions Presented Until 2026

Fact.MR has published a new research report titled “Orthopedic Power Tools Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026” to its online database that tries to unveil the various scenarios prevailing in the Orthopedic Power Tools Market. This assessment delivers a smart compilation of primary and secondary data which provides a clear insight about the future plans expected to impact the Orthopedic Power Tools Market. This study comprises of prominent data which makes it a beneficial source for investors, analysts and industry experts to acquire necessary knowledge associated to the fundamental market trends, opportunities and growth drivers during the stated forecast period. 

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Recent increase in the global geriatric population has led toward a rise in incidences of orthopedic diseases, which require surgical intervention, thereby fuelling demand for orthopedic power tools. The advent of modern electronic technologies including power-assisted, robotic, and minimally invasive orthopedic surgery equipment have further escalated adoption of orthopedic power tools. Although orthopedic power tools offer inherent benefits, surgeons are exposed to risks related to the prolonged use of vibrating tools, hazards pertaining to aerosol/ droplet infection from patients, and protracted exposure to loud noise. Prominent manufacturers have therefore been actively engaging in aspects of orthopedic power tools’ safety and ergonomics, in a bid to develop a range of power-assisted equipment tailored to the precision of the procedure’s nature, while addressing efficacy and safety of surgeons.

For the forecast period, 2017 to 2026, Fact.MR has projected a moderate expansion for the global orthopedic power tools market in its recent report. Global sales of orthopedic power tools are estimated to reach approximately US$ 2,500 Mn in revenues by 2026-end.

Increased Adoption of Robotic Surgery to Propel Demand for Orthopedic Power Tools

Prevalence of minimally invasive surgeries has increased over the years, witnessing demand in treating various disorders such as neurosurgical, spinal and orthopedic diseases. Minimally invasive surgeries require orthopedic power tools, which carry out surgeries with a miniscule incision, lower the risk of bleeding, have shorter hospital stay post-surgery, and offer faster recovery. Demand for orthopedic power tools is also being driven by increased adoption of robotic surgery, owing to limited availability of skilled surgeons worldwide. Surgical robots with multiple arms are foraying into healthcare sector with their high surgical efficiency, with the capability of handling various orthopedic tools at the same time, thereby increasing their demand. However, hospital consolidation, cost-containment pressures, medical device excise taxes, and unfavorable reimbursement policies are some factors which are likely to restrain expansion of the global orthopedic tools market.

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.

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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.

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

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.

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.

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.

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

Table of Content:

Chapter 1 Global Outlook

Chapter 2 Global Orthopedic Power Tools Market - Executive Summary

Chapter 3 Global Orthopedic Power Tools Market Overview
3.1 Introduction
      3.1.1 Global Orthopedic Power Tools Market Taxonomy
      3.1.2 Global Orthopedic Power Tools Market Definition
3.2 Global Orthopedic Power Tools Market Size (US$ Mn) and Forecast, 2012-2026
      3.2.1 Global Orthopedic Power Tools Market Y-o-Y Growth
3.3 Global Orthopedic Power Tools Market Dynamics
3.4 Supply Chain
3.5 Cost Structure
3.6 Pricing Analysis
3.7 Procedure Numbers by Region
3.8 Key Regulations
3.9 PESTL Analysis
3.10 Product Lifecycle
3.11 Service Provider List
3.12 Key Participants Market Presence (Intensity Map) By Region

Chapter 4 Global Orthopedic Power Tools Market Analysis and Forecast 2012-2026
4.1 Global Orthopedic Power Tools Market Size and Forecast by Product Type, 2012-2026
      4.1.1 Large Bone Power Tools Market Size and Forecast, 2012-2026
              4.1.1.1 Revenue (US$ Mn) Comparison, By Region
              4.1.1.2 Market Share Comparison, By Region
              4.1.1.3 Y-o-Y growth Comparison, By Region
      4.1.2 Small Bone Power Tools Market Size and Forecast, 2012-2026
              4.1.2.1 Revenue (US$ Mn) Comparison, By Region

Continued……………..

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