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Orthopedic Power Tools: A Leading Driver Behind Rising Prevalence Of Orthopedic Disorders Fuels Demand For Orthopedic Power Tools Market Expansion in 2025
Orthopedic Power Tools
What Will the Orthopedic Power Tools Industry Market Size Be by 2025?
There has been a robust expansion in the market size of orthopedic power tools in the past few years. The market value is predicted to escalate from $1.39 billion in 2024 to $1.48 billion in 2025, progressing at a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this growth during the historic period include an aging population, increased trauma cases, improved hospital infrastructure, enhanced patient safety measures, and advancements in the training and education of surgeons.
What's the Long-Term Growth Forecast for the Orthopedic Power Tools Market Size Through 2029?
In the forthcoming years, the orthopedic power tools market size is projected to witness robust growth, escalating to $1.89 billion in 2029 with a compound annual growth rate (CAGR) of 6.3%. This growth during the forecast period is anticipated due to factors like telemedicine, home healthcare, sports medicine, non-invasive orthopedics, and sustainable practices. Key trends expected during the forecast period consist of orthopedic implants, advancements in orthopedic devices, orthopedic robotics, procedures involving bone reshaping and fusion, artificial intelligence (ai), and surgical navigation.
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What Are the Key Growth Drivers Fueling the Orthopedic Power Tools Market Expansion?
Orthopedic disorders are becoming more common among the worldwide population, and this is likely to stimulate the growth of the orthopedic power tools market. Orthopedics is a focus area of medicine that handles irregularities and functional problems of the skeletal system, including the spine, ligaments, and muscles. These kinds of health issues are treated using orthopedic power tools. For instance, a report released by the Australian Bureau of Statistics in June 2024 showed that musculoskeletal conditions made up 12.8% of the total disease burden (DALY), 23.1% of the non-fatal burden (YLD), and 0.8% of the deadly burden (YLL) in 2023 while in 2022, these conditions caused or contributed to 10,446 deaths (40 per 100,000 population), equivalent to 5.5% of total mortality. Consequently, an anticipated rise in orthopedic disorders will likely escalate the demand for orthopedic power tools in the upcoming period.
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What Are the Key Trends Driving Orthopedic Power Tools Market Growth?
The embracement of cutting-edge and innovative technology marks a crucial trend in the orthopedic power tools market. There is a focus on developing enhanced sterilization for orthopedic power tools to boost treatment procedure efficiency. For instance, in March 2023, Stryker, a medical technology firm based in the US, unveiled the CD NXT System, their most recent innovation for power tools. This unique technology enables surgeons to measure depth on-the-go while drilling, leading to swift, accurate, and uniform digital depth measurements across multiple surgeries.
How Is the Orthopedic Power Tools Market Segmented?
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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Which Companies Are Leading the Charge in Orthopedic Power Tools Market Innovation?
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.
Which Regions Are Leading the Global Orthopedic Power Tools Market in Revenue?
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.
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