Global Orthopedic Power Tools Market Size & Share to 2027

Orthopedics is defined as the treatment of conditions involving the musculoskeletal systems that includes spine diseases, infections, injuries, geriatric disorders, and musculoskeletal trauma. Various procedures are performed by using electrical devices or equipments which are known as orthopedic power tools. They are light in weight, user friendly and easy-to-assemble as compared to conventional heavy tools.

Market Drivers

The rise in prevalence of orthopedic disorders among population is considered as key driving factor which is expected to propel the global orthopedic power tools market growth. The increase in incidences of osteoarthritis across the globe is the major driving factor fuelling the market growth. For instance, as per the WHO, 2019 Osteoarthritis is one out of ten disabling diseases in the developed regions. It is estimated that there are 18.0% women and 9.6 % men over 60 year of age suffering from osteoarthritis across the globe. Furthermore, increase in adoption of collaborations, and acquisitions by key players will positively influence the market growth. Many key players are engaged in inorganic activities like collaboration and acquisition which is expected to enhance their product portfolio in the market. For instance, in 2019, Medtronic had acquired the complete product portfolio of Titan Spine. Under this acquisition Medtronic Plc has planning to combine nanoLock surface technology of Titan spine with their technologies. In addition to that, increase in geriatric population expected to drive the market growth in near future.

Market Restraints

The high price of the orthopedic power tools is major restraining factor which is expected to hamper the global orthopedic power tools market growth during this forecast period. Also, reimbursement policies and excise tax on medical devices is another challenging factor for market which is expected to hinder the market growth.

Market Segmentation

Global Orthopedic Power Tools Market is segmented into product type such as Small Bone Orthopedic Power Tools, Large Bone Orthopedic Power Tools, High Speed Orthopedic Power Tools, and Orthopedic Reamers, by technology such as Electric Powered Systems, Battery Operated Powered Systems, and Pneumatic Powdered System. Further, market is segmented into end user such as Orthopedic Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers.

Also, Market is segmented five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are listed in this report such as B. Braun Melsungen AG, De Soutter Medical Ltd, AYGUN CO.,INC, DePuy Synthes Companies, Medtronic Plc, Stryker Corporation, Zimmer Biomet, ERMIS MedTech GmbH, Exactech, Inc., Medical Bees GmbH,and Nouvag AG

Market Taxonomy

By Product Type

• Small Bone Orthopedic Power Tools
• Large Bone Orthopedic Power Tools
• High Speed Orthopedic Power Tools
• Orthopedic Reamers

By Technology

• Electric Powered Systems
• Battery Operated Powered Systems
• Pneumatic Powdered System

By End User

• Orthopedic Hospitals
• Orthopedic Clinics
• Ambulatory Surgical Centers

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Orthopedic Power Tools Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?