Global Orthopedic Power Tools Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Orthopedic Power Tools Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Large Bone Orthopedic Power Tools, Small Bone Orthopedic Power Tools, High-Speed Orthopedic Power Tools, and Orthopedic Reamers), Technology (Pneumatic-powered Systems, Electric-powered Systems, and Battery-powered Systems), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Orthopedic Power Tools Market was valued at USD 1,057.1 million in 2023 and is expected to reach USD 1,578.5 million by 2031 while growing at a CAGR of 5.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global orthopedic power tools market growth. Orthopedic power tools are specialized medical devices crafted to aid orthopedic surgeons in musculoskeletal surgical procedures. The rising elderly population, prone to orthopedic conditions due to natural bone and joint degeneration, fuels the demand for orthopedic surgeries and advanced power tools.
The Orthopedic Power Tools market is set for substantial growth, propelled by the increasing incidence of orthopedic disorders, a growing geriatric population, and a preference for minimally invasive surgeries by patients. However, challenges like stringent regulatory compliance and concerns about safety and efficacy could hinder the market's expansion despite these positive factors.
Furthermore, the global orthopedic power tools industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Orthopedic Power Tools Market is segmented among Large Bone Orthopedic Power Tools, Small Bone Orthopedic Power Tools, High-Speed Orthopedic Power Tools, and Orthopedic Reamers, based on Type. In 2023, Large Bone Orthopedic Power Tools accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Technology Analysis
The Global Orthopedic Power Tools Market is segmented among Pneumatic-powered Systems, Electric-powered Systems, and Battery-powered Systems, based on Technology. In 2023, Battery-powered Systems accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Orthopedic Power Tools Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Arthrex, Aygun Surgical Instruments, B Braun Melsungen AG, Brasseler USA, Conmed Corporation, De Soutter Medical, Johnson & Johnson (DePuy Synthes), Medtronic Plc, Micro Aire, and MicroAire Surgical Instruments, LLC
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Orthopedic Power Tools Market Dynamics
Drivers
Restraints
Opportunity
4. Global Orthopedic Power Tools Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Orthopedic Power Tools Market Segmentation, By Type
Global Orthopedic Power Tools Market Share Analysis, By Type
Global Orthopedic Power Tools Market Growth Analysis, By Type
Global Orthopedic Power Tools Market Trends, By Type
o Large Bone Orthopedic Power Tools
o Small Bone Orthopedic Power Tools
o High-Speed Orthopedic Power Tools
o Orthopedic Reamers
6. Global Orthopedic Power Tools Market Segmentation, By Technology
Global Orthopedic Power Tools Market Share Analysis, By Technology
Global Orthopedic Power Tools Market Growth Analysis, By Technology
Global Orthopedic Power Tools Market Trends, By Technology
o Pneumatic-powered Systems
o Electric-powered Systems
o Battery-powered Systems
7. Global Orthopedic Power Tools Market Segmentation, By Region
Global Orthopedic Power Tools Market Share Analysis, By Region
Global Orthopedic Power Tools Market Growth Analysis, By Region
Global Orthopedic Power Tools Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Arthrex*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Aygun Surgical Instruments
B Braun Melsungen AG
Brasseler USA
Conmed Corporation
De Soutter Medical.
Johnson & Johnson (DePuy Synthes)
Medtronic Plc
Micro Aire
MicroAire Surgical Instruments, LLC
*Similar analysis will be provided for each company listed above.