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Orthopedic Power Tools Market Size Projected To Reach $1.89 Billion By 2034 With A Cagr Of 6.3%
Orthopedic Power Tools
What Is the Projected Growth of the Orthopedic Power Tools Market?
There has been a significant expansion in the market size of orthopedic power tools recently. It is projected to increase from $1.39 billion in 2024 to $1.48 billion in 2025 with a Compound Annual Growth rate (CAGR) of 6.8%. Factors such as an aging population, trauma incidents, hospital infrastructure development, patient safety measures, and training and education of surgeons contributed to the growth during the historic period.
The market size of orthopedic power tools is projected to experience significant expansion in the coming years, with an expectation to reach $1.89 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.3%. The anticipated increase during the forecast period can be linked to the emergence of telemedicine, home healthcare, sports medicine, non-invasive orthopedics, and sustainable practices. Key trends that are expected to shape the market during the forecast period include orthopedics implants, innovation in orthopedic devices, orthopedic robotics, bone reshaping and fusion procedures, as well as the incorporation of artificial intelligence (ai) and surgical navigation.
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What Are the Different Orthopedic Power Tools Market Segments?
The orthopedic power tools market covered in this report is segmented -
1) By Product Type: Large Bone Orthopedic Power Tools, Small Bone Orthopedic Power Tools, High Speed Bone Orthopedic Power Tools, Orthopedic Reamers
2) By Technology: Pneumatic Powered, Battery Operated, Electric Powered
3) By End User: Orthopedic Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers
Subsegments:
1) By Large Bone Orthopedic Power Tools: Saws, Drills, Screwdrivers
2) By Small Bone Orthopedic Power Tools: Micro Saws, Micro Drills, Micro Screwdrivers
3) By High Speed Bone Orthopedic Power Tools: High-Speed Drills, High-Speed Saws, High-Speed Motors
4) By Orthopedic Reamers: Cannulated Reamers, Solid Reamers, Variable Diameter Reamers
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What Are the Primary Drivers Shaping the Orthopedic Power Tools Market?
With a rising incidence of orthopedic ailments across the globe, the orthopedic power tools market is set for a boost. Orthopedics focuses on addressing deformities or functional impairments of the skeletal system, including spine, ligaments, and muscles, and orthopedic power tools play a critical role in their treatment. For instance, in a 2024 report by the Australian Bureau of Statistics, an Australia-based statistical agency, musculoskeletal conditions respectively made up 12.8% of the total disease burden (DALY), 23.1% of non-fatal burden (YLD), and 0.8% of fatal burden (YLL) in 2023. In 2022, these conditions were directly and/or indirectly responsible for 10,446 deaths (40 per 100,000 population), accounting for 5.5% of all deaths. Therefore, as orthopedic disorders continue to rise, the demand for orthopedic power tools is anticipated to grow during the projected period.
Which Companies Are Leading in the Orthopedic Power Tools Market?
Major companies operating in the orthopedic power tools market include 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, DynaMedic Co. Ltd., Arbutus Medical Inc., Aesculap AG, Becton Dickinson and Company, Biomet Inc., Brasseler USA, Ceterix Orthopaedics Inc., Corin Group, Elite Surgical Pvt. Ltd., GPC Medical Ltd., Integra LifeSciences Holdings Corp., Intrauma S.p.A., Medicon Genossenschaft, Medline Industries Inc., Ortho Solutions GmbH, OsteoMed Inc.
What Are the Major Trends Shaping the Orthopedic Power Tools Market?
Embracing cutting-edge and revolutionary technology is a significant trend in the orthopedic power tools market. Technological advancements aimed at enhancing sterilization processes for these tools are underway to boost the efficacy of treatment protocols. For example, in March 2023, Stryker, a medical technology firm based in the United States, introduced its newest innovation in power tools, the CD NXT System. This unique technology provides real-time depth monitoring during drilling by the surgeon, thereby offering fast, accurate, and consistent digital depth quantification across multiple surgeries.
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What Are the Top Revenue-Generating Geographies in the Orthopedic Power Tools Market?
North America was the largest region in the orthopedic power tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic power tools market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Orthopedic Power Tools Market?
2. What is the CAGR expected in the Orthopedic Power Tools Market?
3. What Are the Key Innovations Transforming the Orthopedic Power Tools Industry?
4. Which Region Is Leading the Orthopedic Power Tools Market?
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