Orthopedic Power Tools Market Analysis

Technology (Battery, Electric, Pneumatic Powered Devices)

The global orthopedic power tools market is segmented and analyzed for demand and supply by technology into battery, electric, and pneumatic powered devices. Out of these, the battery powered devices segment is predicted to gain a largest market share during the forecast period. The growth of the segment can be attributed to the increasing demand for battery operated devices, supported by the rising investment by major manufacturers into this segment. In addition to this, the rising investment in research and development in the field of medical devices to make them more durable, power-efficient, and cost efficient is estimated to propel the market growth. For instance, in 2019, the entire amount spent on medical technology worldwide reached around USD 30 billion, while the sector's income reached approximately USD 450 billion.

End-user (Hospitals, Clinics, Other Specialty Clinics)

The global orthopedic power tools market is also segmented and analyzed for demand and supply by end-user into hospitals, clinics, and other specialty clinics. Among these, the hospitals segment is anticipated to capture significant market share during the forecast period. The growth of the segment can be attributed to the rising cases of bone related disease, growing geriatric population with disability who requires the fulltime assistance and generally admits in to hospitals. Moreover, increasing investment in the hospitals, rising healthcare expenditure, and the availability of the dedicated orthopedic section in the hospital are predicted to fuel the segment growth over the ensuing years. It was noted that spending on health care in the United States increased 2.7 percent in 2021 to USD 4.3 trillion, or USD 12,914 per person. Total expenditure on healthcare accounted for more than 18 percent of the region's GDP.

Our in-depth analysis of the global orthopedic power tools market includes the following segments:

By Orthopedic Power Tools	Large Bone Small Bone High Speed Orthopedic Reamers
By Product Type	Surgical Drills Saws Other Accessories
By Technology	Battery Electric Pneumatic Powered Devices
By Application	Disposable Reusable
By End-User	Hospitals Clinics Other Specialty Clinics

Frequently Asked Questions (FAQ)

Escalating prevalence of bone cancer and significant demand for orthopedic power tools in arthroplasty are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023-2035.

The higher possibility of surface contamination of the tool and increasing possibility of infection are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Stryker Corporation, CONMED Corporation, India Medtronic Private Limited, Zimmer Biomet, Inc., Kaiser Medical Technology Ltd, Johnson & Johnson Services, Inc., Allotech Co., Ltd, B. Braun SE, Medtronic PLC, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by power tools, product type, technology, application, end-user, and by region.

The hospitals segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

Orthopedic Power Tools Market Analysis