Bone Power Tools Market would rocket up to USD 51.55 billion by 2029

The market for bone power tools are expected to grow during forecast period. Power tools are now employed in every phase of orthopaedic surgery, from pulse lavage for wound management to drilling and reaming for the placement of screws and intramedullary nails in long bone fractures. Further improvements have been made to these tools to make them lighter for user convenience.

Data Bridge Market Research analyses that the bone power tools market which was USD 25.87 billion in 2021, would rocket up to USD 51.55 billion by 2029, and is expected to undergo a CAGR of 9.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Drivers

Increasing number of orthopedic surgeries
Orthopaedic surgeons carry a variety of orthopaedic power instruments. Demand for bone power tools is rising as more people have orthopaedic procedures. The American Academy of Orthopedic Surgeons predicts that by 2030, there would be 635,000 primary total joint replacements and 1.28 million primary total knee replacements performed in the United States, respectively, an increase of 171% and up to 189%, respectively.

Significant rise in the number of osteoporosis patients
In the coming years, advances in limiting side effects are projected to generate profitable prospects for the orthopaedic business. Large rates of co-morbidities, such as obesity and diabetes, have been increasing the risk of degenerative joint disease, particularly among the elderly. As more young people participate in sports and fitness activities, the incidence of accidents related to these activities is on the rise. This has increased demand for bone power tools.

Opportunities

Growing demand for orthopaedic operations, an increase in minimally invasive procedures, an increase in hip, wrist, and spine fractures, as well as the advantages of being simple to construct, lightweight, and cost-effective, are some of the reasons driving the market's expansion from 2022 to 2029. On the other hand, widespread use of cutting-edge technology will increase a number of market opportunities and fuel the expansion of the bone power tools market during the forecast period.

Restraints/Challenges

High cost
On the other hand, the increasing hospital consolidation and cost pressures along with reimbursement policies will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the bone power tools market.

This bone power tools market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bone power tools market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Bone Power Tools Market Scope
The bone power tools market is segmented on the basis of type, technology and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Large Bone Power Tool
Small Bone Power Tool
High-Speed Bone Power Tool
Orthopedic Reamers
Technology

Pneumatic-Powered Systems
Battery-Powered Systems
Electric-Powered Systems
End-User

Hospitals
Orthopedic Clinics
Ambulatory Surgery Centres
Others

Some of the major players operating in the bone power tools market are:

Zimmer Biomet (U.S.)
Smith+Nephew (Germany)
Medtronic (Ireland)
Stryker (U.S.)
B. Braun Melsungen AG (Germany)
NuVasive, Inc. (U.S.)
DJO, LLC (U.S.)
Institut Straumann AG (Switzerland)
OSSTEM IMPLANT CO., LTD. (South Korea)
Narang Medical Limited (India)
Globus Medical (U.S.)
Arthrex, Inc. (U.S.)
CONMED Corporation (U.S.)
Integra LifeSciences Corporation (U.S.)
RTI Surgical (U.S.)
W. L. Gore & Associates, Inc. (U.S.)
Corin Group (U.S.)
Johnson & Johnson Private Limited (U.S.)

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