The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s orthopedic power tools market report forecasts the orthopedic power tools market size to grow to $1.38 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

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Orthopedic Power Tools Market Size Forecast
The global orthopedic power tools market is expected to grow from $1.07 billion in 2022 to $1.13 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The orthopedic power tools market size is expected to grow to $1.38 billion in 2027 at a CAGR of 5.2%.

North America held the largest orthopedic power tools market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Orthopedic Power Tools Market Driver ­– Increase In The Prevalence Of Orthopedic Disorders Among The Global Population
For example, according to the WHO, approximately 1.71 billion people had musculoskeletal conditions worldwide in 2021. Hence the demand for orthopedic power tools is expected to increase in the forecast period as there is an increase in orthopedic disorders.

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Key Orthopedic Power Tools Market Trend – Adopting Advanced And Innovative Technology
Innovation for sterilizing the orthopedic power tools is taking place to improve the efficiency of the treatment procedure. For Instance, in May 2021, Arbutus Medical launched SteriTrak, a new kit to help trauma centers execute bone traction more efficiently and quickly while ensuring cleanliness. The kit allows the emergency departments to quickly acquire sterile bone traction equipment when time is limited. SteriTrak helps apply temporary traction under a minute in case of terrible bone fractures.

Orthopedic Power Tools Market Segment
1) By Product Type: Large Bone Orthopedic Power Tools, Small Bone Orthopedic Power Tools, High Speed Bone Orthopedic Power Tools, Orthopedic Reamers
2) By Technology: Pneumatic Powered, Battery Operated, Electric Powered
3) By End User: Orthopedic Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers

Orthopedic Power Tools Market Major Players and Strategies
Major players in the orthopedic power tools market are De Soutter Medical, B Braun Melsungen AG, Aygun Surgical Instruments Co Inc., Medtronic plc, DePuy Synthes Companies, Zimmer Biomet, Stryker Corporation, Exactech Inc., Nouvag AG, Medical Bees GmbH, IMedicom Co Ltd., Adeor Medical AG, Shanghai Bojin Medical Instrument, Allotech Co Ltd., Adeor, ceterixorthopeddics, Orthopromed and MatOrtho.

In December 2020, Zimmer Biomet, a US-based medical device company, acquired A&E Medical Corp in an all cash deal valued to be about $250 million. As a part of the acquisition, Zimmer Biomet will have access to the complete portfolio of A&E Medical which includes sternal closure devices—including sternal sutures, cable systems, and rigid fixation—along with a range of single-use complementary temporary pacing wire and surgical punch products. With the addition of this protfolio, Zimmer Biomet will attain the capabilities to offer a comprehensive suite of sternal closure products, including rigid fixation and address a variety of unmet patient and surgical needs.

The Orthopedic Power Tools Global Market Report 2023 covers regional data on orthopedic power tools market size, orthopedic power tools market trends and drivers, opportunities, strategies, and orthopedic power tools market competitor analysis. The countries covered in the orthopedic power tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Orthopedic power tools refer to tools used to perform surgery on bone or bone fragments. These tools perform functions like drilling, sawing, reaming, screwing, and others. Orthopedic power tools are employed in every area of orthopedic surgery, from wound treatment by pulse lavage to drilling and reaming in long bone fractures with screws and intramedullary nails.

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