Press release
Orthopedic Power Tools Industry Outlook 2025-2029: Market Set to Cross $1.86 Billion Milestone
Orthopedic Power Tools Market
How Large Will the Orthopedic Power Tools Market Size By 2025?
The market size of orthopedic power tools has seen significant growth in the past years. It is projected to expand from $1.39 billion in 2024 to $1.47 billion in 2025, growing at a compound annual growth rate (CAGR) of 5.7%. The spike in growth during the historic period can be linked to factors like the aging population, instances of trauma, hospital infrastructure, patient safety measures, and the training and education provided to surgeons.
How Big Is the Orthopedic Power Tools Market Size Expected to Grow by 2029?
The market size of orthopedic power tools is anticipated to witness robust expansion in the years ahead, reaching a valuation of $1.86 billion in 2029 with a composite annual growth rate (CAGR) of 6.1%. The impending growth during the forecast period can be attributed to numerous factors including telemedicine, home healthcare services, sports medicine, non-invasive orthopedics, as well as sustainable practices. The forecast period is set to observe major trends such as innovations in orthopedic devices, orthopedic implants, and robotics, artificial intelligence (AI), surgical navigation, along with bone reshaping and fusion techniques.
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Which Key Market Drivers Powering Orthopedic Power Tools Market Expansion and Growth?
The surging incidence of orthopedic conditions in people worldwide is predicted to reinforce the orthopedic power tools market. Orthopedics primarily addresses issues and functional disorders related to the skeletal system, including the spine, ligaments, and muscles, and it employs orthopedic power tools for this purpose. For example, a report by the Australian Bureau of Statistics, an Australia-based statistics organization, revealed that in June 2024, musculoskeletal diseases made up 12.8% of the total disease burden (DALY), 23.1% of the non-fatal burden (YLD), and 0.8% of the fatal burden (YLL) in 2023. In 2022, these conditions were either the root or contributing cause of 10,446 deaths (40 per 100,000 population), equivalent to 5.5% of all recorded deaths. Consequently, with the rise in orthopedic disorders, the demand for orthopedic power tools is projected to grow in the forthcoming years.
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Which Emerging Trends Are Transforming the Orthopedic Power Tools Market in 2025?
The orthopedic power tools market is currently being shaped by the use of enhanced and innovative technology, a trend that is particularly apparent in the development of new sterilization techniques designed to optimize the effectiveness of treatment processes. Case in point, Stryker, a medical technology firm based in the United States, unveiled their game-changing power tool, the CD NXT System, in March 2023. This groundbreaking device incorporates exclusive technology that facilitates instantaneous depth measurement as drilling is conducted by the surgeon, thereby ensuring swift, accurate, and reliable digital depth measurements during multiple procedures.
What Are the Emerging Segments in the Orthopedic Power Tools Market?
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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Orthopedic Power Tools Industry?
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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