Orthopedic Power Tools Market Analysis By Application (Joint Replacement, Fracture Fixation, Orthopedic Trauma Surgery, Spinal Surgery, Others), By Type (Electric-powered Tools, Battery-powered Tools, Pneumatic-powered Tools), and By Region Forecast to 2032
- Report ID: ME_0011495
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.18 |
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The Orthopedic Power Tools Market size is estimated to grow at a CAGR of 4.8% between 2023 and 2032. The growth of the market depends on several factors, including the rising prevalence of orthopedic disorders, increasing geriatric population, and advancements in surgical procedures. Orthopedic power tools are specialized devices used in orthopedic surgeries to facilitate precision, efficiency, and accuracy. These tools are designed to provide high torque and speed, enabling surgeons to perform procedures such as bone cutting, drilling, shaping, and fixation with ease and precision.
Orthopedic Power Tools Market Overview
Drivers
One of the key factors driving the orthopedic power tools market growth is the rising prevalence of orthopedic disorders. The increasing incidence of musculoskeletal conditions, such as fractures, osteoarthritis, and osteoporosis, has led to a higher demand for orthopedic surgeries. Orthopedic power tools play a crucial role in these surgeries by enhancing surgical precision, reducing operative time, and improving patient outcomes. As a result, the growing prevalence of orthopedic disorders is expected to drive market growth during the forecast period.
Moreover, the increasing geriatric population is also contributing to the market growth. With age, the risk of orthopedic conditions, such as fractures and joint degeneration, increases. The elderly population often requires orthopedic surgeries for the management of these conditions. Orthopedic power tools enable surgeons to perform these surgeries efficiently and effectively, leading to a higher demand for these tools. Hence, the growing geriatric population is expected to fuel market growth during the forecast period.
Trends
A key trend shaping the orthopedic power tools market growth is the advancements in surgical procedures. Technological advancements have led to the development of innovative surgical techniques, such as minimally invasive surgeries and robot-assisted surgeries. These procedures require specialized orthopedic power tools that can provide precise and controlled movements in tight spaces. As a result, there is a growing demand for advanced power tools that can support these advanced surgical techniques. The integration of technologies like robotics and navigation systems in orthopedic power tools is further enhancing their capabilities and improving surgical outcomes. Hence, the advancements in surgical procedures are expected to drive market growth during the forecast period.
Restraints:
One of the key challenges hindering the orthopedic power tools market growth is the high cost of these tools. Orthopedic power tools are technologically advanced devices that require significant investment in research and development. The high cost of development and manufacturing is often passed on to the end-users, making these tools expensive. This can limit their adoption, especially in developing economies with limited healthcare budgets. Additionally, the maintenance and servicing costs of these tools can also be substantial. Hence, the high cost of orthopedic power tools is expected to hinder market growth during the forecast period.
Orthopedic Power Tools Market Segmentation By Application
The joint replacement segment is estimated to witness significant growth during the forecast period. Joint replacement surgeries, such as hip and knee replacements, are among the most common orthopedic procedures performed worldwide. These surgeries require precision and accuracy to ensure proper alignment and fixation of the prosthetic joints. Orthopedic power tools play a crucial role in these surgeries by facilitating bone preparation, implant placement, and fixation. The use of power tools in joint replacement surgeries improves surgical efficiency, reduces operative time, and enhances patient outcomes. Hence, the growing demand for joint replacement surgeries is expected to drive the growth of this segment, thereby driving the market growth during the forecast period.
Orthopedic Power Tools Market Segmentation By Type
The electric-powered tools segment is estimated to witness significant growth during the forecast period. Electric-powered tools offer several advantages over pneumatic and battery-powered tools, such as higher torque, consistent power output, and ease of use. These tools are designed to provide precise and controlled movements, enabling surgeons to perform orthopedic procedures with accuracy and efficiency. Electric-powered tools also offer the advantage of being corded, eliminating the need for battery replacements or recharging. Hence, the superior performance and convenience offered by electric-powered tools are expected to fuel the demand for this segment, thereby driving the market growth during the forecast period.
Regional Overview:
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Request pdf SampleNorth America is estimated to contribute 38% to the growth of the global market during the forecast period. The region has a well-established healthcare infrastructure, advanced surgical techniques, and a high prevalence of orthopedic disorders. The presence of key market players, such as Stryker Corporation, Medtronic plc, and Zimmer Biomet Holdings, Inc., further drives the market growth in North America. These companies are investing in research and development activities to introduce innovative orthopedic power tools and expand their product portfolios. Additionally, favorable reimbursement policies and increasing healthcare expenditure in the region are expected to drive market growth during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global orthopedic power tools market witnessed a temporary slowdown due to the postponement of elective surgeries and disruptions in the supply chain. However, with the easing of restrictions and resumption of elective surgeries, the market is expected to recover and witness growth during the forecast period.
Orthopedic Power Tools Market Customer Landscape
The orthopedic power tools market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Orthopedic Power Tools Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Stryker Corporation: Stryker is a leading player in the orthopedic power tools market, known for its innovative orthopedic products and devices.
Medtronic plc: Medtronic is a global healthcare technology company that offers a range of medical devices, including orthopedic power tools.
DePuy Synthes (a subsidiary of Johnson & Johnson): DePuy Synthes is a well-known name in the orthopedic industry, offering a wide range of orthopedic products and power tools.
Zimmer Biomet: Zimmer Biomet is a major player in the orthopedic market, providing a variety of orthopedic products and tools.
CONMED Corporation: CONMED specializes in surgical equipment and devices, including orthopedic power tools.
Aesculap (a division of B. Braun Melsungen AG): Aesculap is a division of the B. Braun Group and offers a range of surgical and orthopedic instruments, including power tools.
Olympus Corporation: Olympus is known for its medical and surgical products, including orthopedic power tools.
Some of the major companies operating in the orthopedic power tools market include:
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- DePuy Synthes (Johnson & Johnson)
- Medtronic plc
- Smith & Nephew plc
- ConMed Corporation
- B. Braun Melsungen AG
- Aesculap, Inc. (B. Braun)
- Arthrex, Inc.
- MicroAire Surgical Instruments, LLC
- Medical Micro Instruments S.r.l.
- Brasseler USA
- De Soutter Medical Ltd.
- Exactech, Inc.
- Gebrüder Martin GmbH & Co. KG
- IMEDICOM Co., Ltd.
- Innomed, Inc.
- Ortosintese
- Richard Wolf GmbH
- Silex Medical, LLC
The orthopedic power tools market report provides a qualitative and quantitative analysis of the orthopedic industry, helping clients understand the broader business environment and the strengths and weaknesses of key market players. The data is analyzed qualitatively to categorize companies based on their focus, such as pure play, category-focused, industry-focused, and diversified. Additionally, quantitative analysis categorizes companies as dominant, leading, strong, tentative, or weak.
Segment Overview
The orthopedic power tools market report forecasts market growth by revenue at the global, regional, and country levels, offering an analysis of the latest trends and growth opportunities from 2019 to 2032.
Application Outlook (USD Million, 2019 - 2032)
- Joint Replacement
- Fracture Fixation
- Orthopedic Trauma Surgery
- Spinal Surgery
- Others
Type Outlook (USD Million, 2019 - 2032)
- Electric-powered Tools
- Battery-powered Tools
- Pneumatic-powered Tools
Geography Outlook (USD Million, 2019 - 2032)
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Argentina
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Table of Contents
Chapter 1 Overview of Orthopedic Power Tools
1.1 Definition of Orthopedic Power Tools in This Report
1.2 Commercial Types of Orthopedic Power Tools
1.2.1 Electric Powered
1.2.2 Battery Operated
1.2.3 Pneumatic Powered
1.3 Downstream Application of Orthopedic Power Tools
1.3.1 Hospitals
1.3.2 Clinics
1.3.3 Ambulatory Surgery Centers (ASC)
1.4 Development History of Orthopedic Power Tools
1.5 Market Status and Trend of Orthopedic Power Tools 2013-2023
1.5.1 Global Orthopedic Power Tools Market Status and Trend 2013-2023
1.5.2 Regional Orthopedic Power Tools Market Status and Trend 2013-2023
Chapter 2 Global Market Status and Forecast by Regions
2.1 Market Development of Orthopedic Power Tools 2013-2017
2.2 Production Market of Orthopedic Power Tools by Regions
2.2.1 Production Volume of Orthopedic Power Tools by Regions
2.2.2 Production Value of Orthopedic Power Tools by Regions
2.3 Demand Market of Orthopedic Power Tools by Regions
2.4 Production and Demand Status of Orthopedic Power Tools by Regions
2.4.1 Production and Demand Status of Orthopedic Power Tools by Regions 2013-2017
2.4.2 Import and Export Status of Orthopedic Power Tools by Regions 2013-2017
Chapter 3 Global Market Status and Forecast by Types
3.1 Production Volume of Orthopedic Power Tools by Types
3.2 Production Value of Orthopedic Power Tools by Types
3.3 Market Forecast of Orthopedic Power Tools by Types
Chapter 4 Global Market Status and Forecast by Downstream Industry
4.1 Demand Volume of Orthopedic Power Tools by Downstream Industry
4.2 Market Forecast of Orthopedic Power Tools by Downstream Industry
Chapter 5 Market Driving Factor Analysis of Orthopedic Power Tools
5.1 Global Economy Situation and Trend Overview
5.2 Orthopedic Power Tools Downstream Industry Situation and Trend Overview
Chapter 6 Orthopedic Power Tools Market Competition Status by Major Manufacturers
6.1 Production Volume of Orthopedic Power Tools by Major Manufacturers
6.2 Production Value of Orthopedic Power Tools by Major Manufacturers
6.3 Basic Information of Orthopedic Power Tools by Major Manufacturers
6.3.1 Headquarters Location and Established Time of Orthopedic Power Tools Major Manufacturer
6.3.2 Employees and Revenue Level of Orthopedic Power Tools Major Manufacturer
6.4 Market Competition News and Trend
6.4.1 Merger, Consolidation or Acquisition News
6.4.2 Investment or Disinvestment News
6.4.3 New Product Development and Launch
Chapter 7 Orthopedic Power Tools Major Manufacturers Introduction and Market Data
7.1 DePuy Synthes
7.1.1 Company profile
7.1.2 Representative Orthopedic Power Tools Product
7.1.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of DePuy Synthes
7.2 Stryker
7.2.1 Company profile
7.2.2 Representative Orthopedic Power Tools Product
7.2.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Stryker
7.3 Medtronic
7.3.1 Company profile
7.3.2 Representative Orthopedic Power Tools Product
7.3.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Medtronic
7.4 Johnson & Johnson
7.4.1 Company profile
7.4.2 Representative Orthopedic Power Tools Product
7.4.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Johnson & Johnson
7.5 ConMed
7.5.1 Company profile
7.5.2 Representative Orthopedic Power Tools Product
7.5.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of ConMed
7.6 Zimmer Biomet
7.6.1 Company profile
7.6.2 Representative Orthopedic Power Tools Product
7.6.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Zimmer Biomet
7.7 B. Braun
7.7.1 Company profile
7.7.2 Representative Orthopedic Power Tools Product
7.7.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of B. Braun
7.8 Arthrex
7.8.1 Company profile
7.8.2 Representative Orthopedic Power Tools Product
7.8.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Arthrex
7.9 OsteoMed
7.9.1 Company profile
7.9.2 Representative Orthopedic Power Tools Product
7.9.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of OsteoMed
7.10 Smith & Nephew
7.10.1 Company profile
7.10.2 Representative Orthopedic Power Tools Product
7.10.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Smith & Nephew
7.11 Brasseler USA
7.11.1 Company profile
7.11.2 Representative Orthopedic Power Tools Product
7.11.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Brasseler USA
7.12 De Soutter Medical
7.12.1 Company profile
7.12.2 Representative Orthopedic Power Tools Product
7.12.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of De Soutter Medical
7.13 Adeor
7.13.1 Company profile
7.13.2 Representative Orthopedic Power Tools Product
7.13.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Adeor
7.14 MicroAire
7.14.1 Company profile
7.14.2 Representative Orthopedic Power Tools Product
7.14.3 Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of MicroAire
Chapter 8 Upstream and Downstream Market Analysis of Orthopedic Power Tools
8.1 Industry Chain of Orthopedic Power Tools
8.2 Upstream Market and Representative Companies Analysis
8.3 Downstream Market and Representative Companies Analysis
Chapter 9 Cost and Gross Margin Analysis of Orthopedic Power Tools
9.1 Cost Structure Analysis of Orthopedic Power Tools
9.2 Raw Materials Cost Analysis of Orthopedic Power Tools
9.3 Labor Cost Analysis of Orthopedic Power Tools
9.4 Manufacturing Expenses Analysis of Orthopedic Power Tools
Chapter 10 Marketing Status Analysis of Orthopedic Power Tools
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Report Conclusion
Chapter 12 Research Methodology and Reference
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Reference
List of Tables
Table Advantage and Disadvantage of Electric Powered
Table Advantage and Disadvantage of Battery Operated
Table Advantage and Disadvantage of Pneumatic Powered
Table Production Volume of Orthopedic Power Tools by Regions 2013-2017
Table Production Value of Orthopedic Power Tools by Regions 2013-2017
Table Demand Volume of Orthopedic Power Tools by Regions 2013-2017
Table Production and Demand Status of Orthopedic Power Tools in Region One 2013-2017
Table Production and Demand Status of Orthopedic Power Tools in Region Two 2013-2017
Table Production and Demand Status of Orthopedic Power Tools in Region Three 2013-2017
Table Production and Demand Status of Orthopedic Power Tools in Region Four 2013-2017
Table Import Volume of Orthopedic Power Tools by Regions 2013-2017
Table Export Volume of Orthopedic Power Tools by Regions 2013-2017
Table Production Volume of Orthopedic Power Tools by Types 2013-2017
Table Production Value of Orthopedic Power Tools by Types 2013-2017
Table Production Volume Forecast of Orthopedic Power Tools by Types 2018-2023
Table Production Value Forecast of Orthopedic Power Tools by Types 2018-2023
Table Demand Volume of Orthopedic Power Tools by Downstream Industry 2013-2017
Table Demand Volume Forecast of Orthopedic Power Tools by Downstream Industry 2018-2023
Table Production Volume of Orthopedic Power Tools by Major Manufacturers 2013-2017
Table Production Value of Orthopedic Power Tools by Major Manufacturers 2013-2017
Table Headquarters Location and Established Time of Orthopedic Power Tools Major Manufacturer
Table Employees and Revenue Level of Orthopedic Power Tools Major Manufacturer
Table Representative Orthopedic Power Tools Product One of DePuy Synthes
Table Representative Orthopedic Power Tools Product Two of DePuy Synthes
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of DePuy Synthes 2013-2017
Table Representative Orthopedic Power Tools Product One of Stryker
Table Representative Orthopedic Power Tools Product Two of Stryker
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Stryker 2013-2017
Table Representative Orthopedic Power Tools Product One of Medtronic
Table Representative Orthopedic Power Tools Product Two of Medtronic
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Medtronic 2013-2017
Table Representative Orthopedic Power Tools Product One of Johnson & Johnson
Table Representative Orthopedic Power Tools Product Two of Johnson & Johnson
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Johnson & Johnson 2013-2017
Table Representative Orthopedic Power Tools Product One of ConMed
Table Representative Orthopedic Power Tools Product Two of ConMed
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of ConMed 2013-2017
Table Representative Orthopedic Power Tools Product One of Zimmer Biomet
Table Representative Orthopedic Power Tools Product Two of Zimmer Biomet
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Zimmer Biomet 2013-2017
Table Representative Orthopedic Power Tools Product One of B. Braun
Table Representative Orthopedic Power Tools Product Two of B. Braun
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of B. Braun 2013-2017
Table Representative Orthopedic Power Tools Product One of Arthrex
Table Representative Orthopedic Power Tools Product Two of Arthrex
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Arthrex 2013-2017
Table Representative Orthopedic Power Tools Product One of OsteoMed
Table Representative Orthopedic Power Tools Product Two of OsteoMed
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of OsteoMed 2013-2017
Table Representative Orthopedic Power Tools Product One of Smith & Nephew
Table Representative Orthopedic Power Tools Product Two of Smith & Nephew
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Smith & Nephew 2013-2017
Table Representative Orthopedic Power Tools Product One of Brasseler USA
Table Representative Orthopedic Power Tools Product Two of Brasseler USA
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Brasseler USA 2013-2017
Table Representative Orthopedic Power Tools Product One of De Soutter Medical
Table Representative Orthopedic Power Tools Product Two of De Soutter Medical
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of De Soutter Medical 2013-2017
Table Representative Orthopedic Power Tools Product One of Adeor
Table Representative Orthopedic Power Tools Product Two of Adeor
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of Adeor 2013-2017
Table Representative Orthopedic Power Tools Product One of MicroAire
Table Representative Orthopedic Power Tools Product Two of MicroAire
Table Orthopedic Power Tools Sales, Revenue, Price and Gross Margin of MicroAire 2013-2017
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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