Orthopedic Power Tools Global Market Report 2024

Orthopedic power tools are instruments used for surgical procedures on bones or bone fragments. These tools are designed to perform various functions such as drilling, sawing, reaming, screwing, and more. They play a crucial role in different aspects of orthopedic surgery, ranging from wound treatment using pulse lavage to procedures like drilling and reaming in the treatment of long bone fractures with screws and intramedullary nails.

The main categories of orthopedic power tools include large bone orthopedic power tools, small bone orthopedic power tools, high-speed bone orthopedic power tools, and orthopedic reamers. Large bone orthopedic power tools are specifically designed for procedures such as hip and complete knee replacements, reaming, intramedullary nailing, drilling, and driving screws in large bones. These tools enable orthopedic surgeons to manage complex surgeries more efficiently. Orthopedic power tools can be powered by various sources, including pneumatic, battery-operated, and electric systems. These tools find extensive use in orthopedic hospitals, orthopedic clinics, and ambulatory surgical centers, contributing to the treatment of various orthopedic conditions.

The orthopedic power tools market research report is one of a series of new reports that provides orthopedic power tools market statistics, including orthopedic power tools industry global market size, regional shares, competitors with an orthopedic power tools market share, detailed orthopedic power tools market segments, market trends and opportunities, and any further data you may need to thrive in the orthopedic power tools industry. This orthopedic power tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The orthopedic power tools market size has grown strongly in recent years. It will grow from $1.33 billion in 2023 to $1.43 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth observed in the historical period can be attributed to factors such as an aging population, an increase in trauma cases, advancements in hospital infrastructure, a focus on patient safety, and ongoing efforts in surgeon training and education. These factors collectively contributed to the demand for and utilization of orthopedic power tools in various medical settings.

The orthopedic power tools market size is expected to see strong growth in the next few years. It will grow to $1.81 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period can be attributed to factors such as the increased adoption of telemedicine and home healthcare, the expanding field of sports medicine, the growth of non-invasive orthopedic treatments, and a focus on sustainable practices in healthcare. Major trends expected in the forecast period include advancements in orthopedic implants, innovations in orthopedic devices, the integration of orthopedic robotics, advancements in bone reshaping and fusion techniques, and the utilization of artificial intelligence (AI) and surgical navigation technologies in orthopedic procedures. These trends reflect the ongoing evolution and enhancement of orthopedic care and surgical techniques.

The orthopedic power tools market is anticipated to experience growth due to the increasing prevalence of orthopedic disorders worldwide. Orthopedics focuses on addressing abnormalities and functional limitations within the skeletal system, particularly the spine, ligaments, and muscles. The use of orthopedic power tools is integral to treating these conditions. For instance, the World Health Organization (WHO) reported that around 1.71 billion people globally had musculoskeletal conditions in 2021. Consequently, the demand for orthopedic power tools is expected to rise in the forecast period due to the escalating incidence of orthopedic disorders.

The growth of the orthopedic power tools market is expected to be driven by the increasing geriatric population. This demographic, often referred to as the elderly or senior population, consists of individuals classified as elderly due to their advanced age. Orthopedic power tools offer advantages such as minimizing tissue trauma, reducing surgical time, enhancing precision and efficiency, facilitating rapid bone fixation and recovery, and minimizing blood loss in the geriatric population. As per the World Health Organization's October 2022 report, globally, 1 in 6 people will be 60 or older by 2030, with the number of individuals in this age group doubling to 2.1 billion by 2050. Hence, the growing geriatric population is expected to drive the growth of the orthopedic power tools market.

The orthopedic power tools market is witnessing a key trend with the adoption of advanced and innovative technology. Innovations are occurring in the sterilization of orthopedic power tools to enhance the efficiency of treatment procedures. For example, in May 2021, Arbutus Medical introduced SteriTrak, a new kit designed to help trauma centers execute bone traction more efficiently and rapidly while ensuring sterility. This kit enables emergency departments to swiftly acquire sterile bone traction equipment when time is of the essence, allowing for the application of temporary traction in less than a minute in cases of severe bone fractures.

Major companies in the orthopedic power tools market are strategically focusing on innovative products, such as the Unium system, to drive revenue growth. The Unium system is versatile and can be utilized for small bone, sports medicine, spine, and thoracic surgeries. It is designed with a focus on ergonomics, reliability, and efficiency, crucial considerations in the context of trauma. DePuy Synthes, a Johnson & Johnson orthopedics company, launched the Unium system in December 2021, offering surgeons an innovative and ergonomic choice to support high-quality treatment. The Unium system includes various attachments, cutting tools, two handpieces, a modular device, a specialized reciprocating saw, and an advanced power unit powered by a large-capacity Li-ion battery.

In June 2022, Conmed Corporation, a US-based medical technology company, acquired In2Bones Global Inc. for an undisclosed amount. This acquisition enhances Conmed's product offerings for treating illnesses and injuries affecting the upper and lower extremities, contributing to its broader line of products and comprehensive patient care solutions. In2Bones Global Inc. is a US-based company specializing in the manufacture of orthopedic power tools.

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., Emerge Medical Medical Records and Genomics Network, GPC Medical Ltd., Integra LifeSciences Holdings Corp., Intrauma S.p.A., Medicon Genossenschaft, Medline Industries Inc., Ortho Solutions GmbH, OsteoMed Inc.

North America was the largest region in the orthopedic power tools market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in orthopedic power tools market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the orthopedic power tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The orthopedic power tools market consists of sales of battery, pneumatic, and electric. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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