Orthopedic power tools Market – Detailed analysis of current industry figures with growth opportunities and forecasts growth by 2027 | ConMed Corporation, DePuy Sythes, Medtronic PLC, Stryker Corporation

Report Ocean releases its latest report on the global Orthopedic power tools Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Orthopedic power tools Market.

Orthopedic power tools Market overview

Orthopedic is a branch of medical science that aims at providing the diagnosis, therapy and/or correction, treatment of disorders and deformities related to bones such as spine injuries, joint-related issues, musculoskeletal trauma, infection, and diseases, etc. Orthopedic power-generated accessories or instruments are needed to perform small-scale surgical procedures like cutting, dissecting, fragmenting, emulsifying on the bone tissues, with high precision and avoiding every human error possible.

The global orthopedic power tools market is estimated to be valued at US$ 945 million in 2020 and is expected to reach 1.24 Billion by 2027, growing at a CAGR of 4% during the forecast period (2020-2027).

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Growth drivers

Increased risk and chronic ailing: There have not been many deaths enlisted due to orthopedic disorders and deformities. Lately, due to less concern is shown towards the healthy lifestyle of the people, many serious issues have started raising alerts. Cervical spine fusion, partial knee replacement, primary knee replacement, primary hip replacement, lumbar/thoracic spine fusion, motion-related disorders are some of the examples. Since these surgeries require a high level of precision along with high specificity, stability, and sensitivity, this is the major growth driver for the global usage of orthopedic power tools.

Aging factor: As seen with the growing population, although orthopedic disorders do not constitute much for the increased mortality rate is still a concerning and alarming issue. As per the study conducted by University Hospitals in US, their trauma centers were busier than ever in 2020, even during the nationwide lockdown due to COVID-19. As per the Division Chief, Orthopedic Trauma and Post-Traumatic Reconstruction at UH Cleveland Medical Centre, the volume of orthopedic trauma patients increased by 20% during the 2nd quarter of 2020.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Orthopedic power tools Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Orthopedic power tools Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Orthopedic power tools Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Orthopedic power tools Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Orthopedic power tools Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Orthopedic power tools Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Orthopedic power tools Market provides insight into the factors influencing its growth. This market study breaks down the Orthopedic power tools Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Orthopedic power tools Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Orthopedic power tools Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Orthopedic power tools Market are:

ConMed Corporation, DePuy Sythes, Medtronic PLC, Stryker Corporation, Zimmer Biomet, De Soutter Medical, B. Braun Melsungen AG, NOUVAG AG, Medical Bees GmbH, IMEDICOM Co., Shanghai Bojin Medical Instrument Co. Ltd, Allotech Co. Ltd,and other prominent players.

Scope of the Report

The global Orthopedic power tools Market segmentation focuses on:

By Product Type:

Ø  Large bone orthopedic tools

Ø  Small bone orthopedic tools

Ø  High-speed orthopedic tools

Ø  Orthopedic reamers orthopedic tools

Ø  Consumables orthopedic tools

By End-User:

Ø  Hospitals

Ø  Ambulatory centers

Ø  Clinics

By Technology:

Ø  Electric-Powered Systems

Ø  Battery Operated-Powered System

Ø  Corded Tools

Ø  Pneumatic powered systems

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This release was published on openPR.