The Orthopedic Power Tools Market research reports 2023-2030. A detailed study accumulated to offer the Latest insights about acute features of the Global Orthopedic Power Tools market. This report provides a detailed overview of key factors in the Orthopedic Power Tools Market and factors such as driver, restraint, past, and current trends, regulatory scenarios, and technology development. This report elaborates the market size, revenue, and growth of the Orthopedic Power Tools industry, and breaks it down according to the type, application, and consumption area of Orthopedic Power Tools. The report also conducted a PESTEL analysis of the industry to study the industry’s main influencing factors and entry barriers.
The Global Orthopedic Power Tools Market Was Valued At USD 1.54 Billion In 2022 And Is Projected To Reach USD 2.05 Billion By 2030, At A CAGR Of 4.1% From 2023 To 2030.
Some of the key players profiled in the study are:
DePuy Synthes, Arthrex, Johnson & Johnson, Stryker, B. Braun, Medtronic, Smith & Nephew, Zimmer Biomet, ConMed, OsteoMed, Brasseler USA, MicroAire, De Soutter Medical, Adeor, And Others.
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Orthopedic Power Tools Market Overview
Orthopedic power tools are used to shape bone during procedures like arthroplasty (total knee replacement, total hip replacement, etc.) and traumatology. This tool is used to cut and repair bones and bone fragments during surgery. It makes it easier to reamer, saw, drill, and drive screws. It is mostly used in orthopaedic surgery on humans and animals, as well as in neurology, traumatology, and ENT surgery. In recent years, the number of people who use orthopaedic power tools has grown very quickly. Orthopedic power tools are tools that are used to shape bones during arthroplasty (total knee replacement, total hip replacement, etc.) and traumatology. This tool is used to cut and repair bones and bone fragments during surgery. It makes it easier to reamer, saw, drill, and drive screws. It is mostly used in orthopaedic surgery on humans and animals, as well as in neurology, traumatology, and ENT surgery. In the past few years, the number of people who use orthopaedic power tools has grown quickly. In the United States, about 750,000 knee arthroscopies are done every year at a cost of about $3 billion each year. The average age of people who had arthroscopic knee surgery was 54.8 years, and about 49.2% of the people who had the surgery were women.
Market Segmentation
By Type
- Instruments
o Surgical Drills
o Saws
o Others
- Accessories
By Technology
- Electric Powered Device
- Pneumatic Powered Device
- Battery Powered Device
By Applications:
- Reusable
- Disposable
By End-user
- Hospitals & ASCs
- Specialty Clinics
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Regional Insights
Due to rising health care costs in the U.S., North America has the largest share of the market that was looked at. Some of the main things that are driving the growth of the market are the direct presence of major regional players, a strong distribution network, and a well-established healthcare infrastructure. The North American orthopaedic power tools market is also likely to be driven by the rising number of accidents and amputations in the country. The Access Prosthetics Blog says that in 2017, there were 2.1 million people in the country who had lost a limb, and that number is expected to double by 2050. Every year, 185,000 people need to have a limb cut off. This means that between 300 and 500 limbs are cut off every day. The growth of the U.S. orthopaedic power tools market is also helped by the fact that the country has a lot of highly skilled orthopaedic surgeons. Long-term market growth is also helped by things like the fact that orthopaedic surgery in North America is getting better at using technology.
Country-Level Break-Up:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Influence of the Orthopedic Power Tools market report:
-Comprehensive assessment of all opportunities and risks in the Orthopedic Power Tools market.
-Orthopedic Power Tools market recent innovations and major events.
-Detailed study of business strategies for growth of the Orthopedic Power Tools market-leading players.
-Conclusive study about the growth plot of the Orthopedic Power Tools market for forthcoming years.
-In-depth understanding of Orthopedic Power Tools market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Orthopedic Power Tools market.
Reasons for Buying this Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow.
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