Orthopedic Power Tools Market will witness roughly US$ 2,500 Million revenues from the orthopedic power tools market by 2026-end. Demand of orthopedic power tools to grow at a CAGR of 4.9% during the assessment period.
Orthopedic power tools are used in the treatment and prevention of impairments caused by physical injuries, or birth-related disorders regarding musculoskeletal systems. Orthopedic power tools are devices manufactured for carrying out specific actions such as fixing implants, and drilling in surgical procedures.
These are electrically operated devices that facilitate surgeons in performing surgeries with high precision and in lesser time. Large bone power tools, small bone power tools, and high speed power tools are included in the orthopedic power tools currently available in the orthopedic power tools market.
Increased Adoption of Robotic Surgery to Propel Growth of Orthopedic Power Tools Market
Orthopedic power tools market remains influenced by prevalence of minimally invasive surgeries, which create demand for treating various disorders such as neurosurgical, spinal and orthopedic diseases.
Minimally invasive surgeries require orthopedic power tools, which carry out surgeries with a miniscule incision, lower the risk of bleeding, have shorter hospital stay post-surgery, and offer faster recovery. Growth of orthopedic power tools market is driven by increased adoption of robotic surgery, owing to limited availability of skilled surgeons worldwide.
Surgical robots with multiple arms are foraying into healthcare sector with their high surgical efficiency, with the capability of handling various equipment at the same time, thereby driving growth of orthopedic power tools market. However, hospital consolidation, cost-containment pressures, medical device excise taxes, and unfavorable reimbursement policies are some factors expected to restrain expansion of orthopedic power tools market.
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North America to Account for Largest Revenue Share of Orthopedic Power Tools Market
Rapid technological advancements, and increasing volume of orthopedic procedures have accelerated growth of orthopedic power tools market in North America. In terms of revenues, the largest share of the orthopedic power tools market will be accounted by North America during 2017 to 2026. Europe and Asia-pacific excluding Japan (APEJ) will also remain lucrative regions for growth of the orthopedic power tools market.
A paradigm shift is being observed in the orthopedic power tools market from conventional reusable orthopedic power tools toward use of disposable or single-use orthopedic power tools. This is mainly to prevent the risk of infection in individuals caused by reusing & reprocessing the same orthopedic power tools on many individuals.
In addition, single-use orthopedic power tools are cost-effective, and are pre-sterilized prior to their delivery to hospitals in a single-use format. Owing to these factors, sales of single-use power tools are projected to register the fastest expansion in the orthopedic power tools market through 2026, based on modality.
Large Bone Power Tools – Most Lucrative among Products in Orthopedic Power Tools Market
Large bone power tools will remain most lucrative product in orthopedic power tools market, followed by high-speed power tools. These power tools find huge application in trauma-related surgeries, and knee & hip reconstruction surgeries. Compared to large bone and high-speed power tools, small bone power tools will account for a significantly lower revenue share of the market throughout the forecast period.
Orthopedic clinics and ambulatory surgical centers are projected to be the fastest expanding end-users in orthopedic power tools market. On the other hand, sales of orthopedic power tools in hospitals will register a relatively lower CAGR than that in orthopedic clinics and ambulatory surgical centers through 2026.
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Fact.MR’s report provides a competitive landscape of the orthopedic power tools market, identifying key players in the market that include
- CONMED Corporation
- B Braun
- Zimmer Biomet
- Johnson & Johnson
- Stryker Corporation
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Global orthopedic power tools market will remain influenced by several factors including the rise in geriatric population, surging orthopedic procedures volume, increasing standardization in operating room supply, and rising innovations driven by competition among businesses. This Fact.MR report analyzes the expansion of global orthopedic power tools market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026.
The scope of Fact.MR’s report is to analyze the global orthopedic power tools market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global orthopedic power tools market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to orthopedic power tools.
The report commences with a brief information of the global orthopedic power tools market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global orthopedic power tools market.
The next section offers an overview of the global orthopedic power tools market. This comprises an introduction to the market, along with a standard definition of the product – orthopedic power tools. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global orthopedic power tools market, the report provides updates about market opportunities, which can benefit leading manufacturers of orthopedic power tools. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for orthopedic power tools manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.
The Fact.MR report offers segmentation analysis & forecast to cover the wide scope of the global orthopedic power tools market. Key segments that define the growth of the global market for orthopedic power tools are modality, end-user, product type, and region. This segmentation analysis gives an in-depth country-wise forecast around all key parameters impacting the market expansion.
The report’s last section comprises of the global orthopedic power tools market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global orthopedic power tools market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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