How Will the Orthopedic Power Tools Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How Will the Orthopedic Power Tools Market Grow Over the Forecast Period Based on Its Expected CAGR?
In recent times, there has been a substantial growth in the market size of orthopedic power tools. The market is projected to expand from $1.39 billion in 2024 to $1.48 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.8%. Factors that have contributed to the growth during the historical phase include an aging population, incidence of trauma cases, developments in hospital infrastructure, ensuring patient safety, as well as improvements in the training and education of surgeons.
The market for orthopedic power tools is predicted to experience robust expansion in the forthcoming years, with a projected worth of $1.89 billion in 2029 and a compound annual growth rate (CAGR) of 6.3%. The rise in the given forecast period is linked to factors such as telemedicine, home healthcare, sports medicine, non-invasive orthopedics, and sustainable practices. Key trends projected during this period encompass orthopedic implants, innovations in orthopedic devices, orthopedic robotics, bone reshaping and fusion, as well as advancements in artificial intelligence (AI) and surgical navigation.
What Strategic Factors Are Influencing the Accelerated Growth of the orthopedic power tools Market?
The escalating occurrence of orthopedic conditions in the worldwide populace is predicted to stimulate the orthopedic power tools market. Orthopedics primarily deals with addressing the deficiencies or functional impairments of the skeletal framework, particularly the spine, along with its supporting structures like ligaments and muscles. Orthopedic power tools play a crucial role in treating these orthopedic problems. For example, a report released by the Australian Bureau of Statistics in June 2024 stated that musculoskeletal conditions represented 12.8% of the total disease burden (DALY), 23.1% of non-fatal burden (YLD), and 0.8% of fatal burden (YLL) in 2023, while in 2022, these conditions were the principal and/or contributing causes of 10,446 deaths (40 per 100,000 population), making up 5.5% of all deaths. Therefore, the requirement for orthopedic power tools is projected to grow in the coming period owing to the rise in orthopedic disorders.
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Who Are the Dominant Players Expanding Their Reach in the Orthopedic Power Tools Market?
Major companies operating in the orthopedic power tools market include:
• De Soutter Medical Ltd._x000D_
• B Braun Melsungen AG_x000D_
• Aygun Surgical Instruments Co. Inc._x000D_
• Medtronic plc_x000D_
• DePuy Synthes Inc._x000D_
What Are the Top Trends Shaping the Evolution of the Orthopedic Power Tools Market?
The orthopedic power tools market is currently witnessing a significant trend in the adoption of cutting-edge and innovative technology. In order to enhance effectiveness during treatment procedures, efforts are being made to introduce innovation in sterilizing these orthopedic power tools. A case in point is the launch of the CD NXT System by Stryker, a medical technology firm based in the USA, in March 2023. This ground-breaking power tool technology enables surgeons to measure the depth in real-time while drilling, thereby leading to swift, accurate, and uniform digital depth measurements across numerous surgeries.
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Which Key Segments of the Orthopedic Power Tools Market Are Poised for Growth and Innovation?
The orthopedic power tools market covered in this report is segmented –
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
Subsegments:
1) By Large Bone Orthopedic Power Tools: Saws, Drills, Screwdrivers
2) By Small Bone Orthopedic Power Tools: Micro Saws, Micro Drills, Micro Screwdrivers
3) By High Speed Bone Orthopedic Power Tools: High-Speed Drills, High-Speed Saws, High-Speed Motors
4) By Orthopedic Reamers: Cannulated Reamers, Solid Reamers, Variable Diameter Reamers
Which Regions Are Setting the Pace for Orthopedic Power Tools Market Growth?
North America was the largest region in the orthopedic power tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic power tools market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Defines the Scope of the Orthopedic Power Tools Market?
Orthopedic power tools refer to tools used to perform surgery on bone or bone fragments. These tools perform functions such as 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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