Orthopedic Power Tools Market See Incredible Growth 2021-2028 | De Soutter Medical, B. Braun Melsungen AG, Aygün Surgical Instruments Co., Inc, Medtronic plc

Major market companies are concentrating on product releases to enhance their position in the global orthopedic power tools market. For instance, Stryker Corporation, a medical device manufacturer, released system 8 power tools with greater capacity battery cells and EZout powered acetabular revision in 2017. EZout power provides precision and efficiency during surgeries. Orthopedic surgeons can use the tools in hip revision surgeries with higher efficiency.

Furthermore, to enhance their position in the global orthopedic power tools market, major players are working on product approvals. For instance, Smart Medical Devices Inc. received U.S. Food and Drug Administration (FDA) approval for SMARTdrill 6.0 in the U.S. in 2019. The SMARTdrill 6.0 is an orthopedic surgical drill that allows orthopedic surgeons to perform operations with efficiency and precision.

The COVID-19 pandemic had an impact on various markets throughout the world, and it is expected to have an impact on the global orthopedic power tools market in terms of demand and supply.

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Furthermore, the COVID-19 pandemic has had three major effects on the economy: 1) direct effects on production and demand; 2) distribution channel disruptions; and 3) financial impact on companies and financial markets.

Countries such as the UAE, Saudi Arabia, Egypt, and others, on the other hand, are having difficulties in transporting medical items from one region to another.

Coronavirus impacts the bones and joints of patients infected with the virus, according to a study published in the journal Clinical Orthopedics and Trauma in May 2020. As a result, many orthopedic physicians have already been deployed to conduct surveys of patients with coronavirus, musculoskeletal trauma, and other bone injuries. As a result, manufacturers will concentrate their efforts on boosting the production of power tools and developing advanced technologies for surgical operations such as spine surgery and hip surgery for such patients.

Over the forecast period, the market is expected to grow significantly, as key companies focus on technical advancements in the field of orthopedic power tools. For instance, Smith Nephew introduced their next-generation Cori surgical system in July 2020, which obtained 510k clearance from the U.S. Food and Drug Administration (FDA) and is suitable for both total and unicompartmental knee arthroplasty. The portable Cori robotics platform is designed to make orthopedic surgery operations more efficient and easier.

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As key companies focus on product releases and product approval of orthopedic power tools in the market, the global orthopedic power tools market is expected to grow at a CAGR of 3.50 % over the forecast period.

The large bone orthopedic power tools segment is expected to hold the largest market share in 2020, due to the increased incidence of orthopedic disorders such as spine injuries around the world. According to a report published by the World Health Organization (WHO) in 2018, around 500,000 people worldwide suffer from spinal cord injury.

In 2020, the pneumatic-powered systems segment is expected to hold a significant market share due to its excellent safety and efficiency features when performing orthopedic operations.

Some of the key players contributing to the global orthopedic power tools market are Adeor Medical AG, Aygün Surgical Instruments Co., Inc, NOUVAG AG, De Soutter Medical, Zimmer Biomet, ERMIS MedTech GmbH, DePuy Synthes Companies, Allotech Co. Ltd, B. Braun Melsungen AG, Medical Bees GmbH, Stryker Corporation, IMEDICOM Co., Ltd, Exactech, Inc, Medtronic plc, and Shanghai Bojin Medical Instrument Co. Ltd

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