Press release
Surging Demand and Technological Innovations Drive the Global Orthopedic Power Tools Market Towards $1.89 Billion by 2029
Orthopedic Power Tools Global Market
What Is The Projected Market Size Of The Global Orthopedic Power Tools Market And Its Growth Rate?
The orthopedic power tools market has shown robust growth and is projected to further expand:
• From $1.39 billion in 2024 to $1.48 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.8%.
• Expected to reach $1.89 billion in 2029, with a CAGR of 6.3%.
Key drivers include aging population, trauma cases, hospital infrastructure, patient safety, surgeon training and education in the historic period, with future trends being telemedicine, home healthcare, sports medicine, non-invasive orthopedics, and sustainable practices.
What Is Driving The Growth In The Orthopedic Power Tools Market?
The surge in the incidence of orthopedic disorders worldwide is anticipated to propel the orthopedic power tools market. Orthopedic power tools are primarily utilized to treat abnormalities or functional limitations of the skeletal system, including the spine, ligaments, and muscles. For instance, as per a report by the Australian Bureau of Statistics, musculoskeletal conditions constituted a significant percentage of the total disease burden in 2023. This escalating burden of orthopedic disorders is set to increase the demand for orthopedic power tools, hence contributing to the market's projected growth.
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Who Are The Key Players Steering The Growth Of The Orthopedic Power Tools Market?
Prominent organizations operating in the orthopedic power tools market encompass:
• De Soutter Medical Ltd.
• B Braun Melsungen AG
• Aygun Surgical Instruments Co. Inc.
• Medtronic plc
• DePuy Synthes Inc.
• ConMed Corporation
• Stryker Corporation
• Zimmer Biomet Holdings Inc.
• Arthrex Inc.
• Smith and Nephew plc
• Exactech Inc.
• Allo Tech Co. Ltd.
• Microaire Surgical Instruments Inc.
• Adeor Medical AG
• Manman Manufacturing Company Pvt. Ltd.
• Bosch Healthcare Solutions GmbH
What Are The Key Trends In The Orthopedic Power Tools Market?
Advancements in the orthopedic power tools market encompass:
• Orthopedic implants
• Orthopedic device innovations
• Orthopedic robotics
• Bone reshaping and fusion
• Artificial intelligence (AI) and surgical navigation
What Are The Segments Of The Global Orthopedic Power Tools Market?
The orthopedic power tools market encompasses different segments:
• Product Type: Large Bone Orthopedic Power Tools, Small Bone Orthopedic Power Tools, High Speed Bone Orthopedic Power Tools, Orthopedic Reamers
• Technology: Pneumatic Powered, Battery Operated, Electric Powered
• End User: Orthopedic Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
Which Region Leads The Orthopedic Power Tools Market?
North America reigned in the orthopedic power tools market in 2024. However, Asia-Pacific is projected to outpace other regions in the forecast period. Other regions studied include Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Orthopedic Power Tools Global Market Report?
- Market Size Analysis: Analyze the Orthopedic Power Tools Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Orthopedic Power Tools Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Orthopedic Power Tools Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Orthopedic Power Tools Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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