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What fueled the previous growth in the orthopedic power tools market?

The market size for orthopedic power tools has seen a significant increase in the recent past. The projected growth is expected to rise from $1.39 billion in 2024 to $1.48 billion in 2025 with a compound annual growth rate (CAGR) of 6.8%. Factors such as an elderly population, instances of trauma, advancements in hospital infrastructure, safeguarding patients, and enhancement in the training and education of surgeons have contributed to the growth during the historical period.

What will be the orthopedic power tools market size in the future?

In the coming years, the orthopedic power tools market is poised for robust growth, with predictions indicating it will reach a value of $1.89 billion by 2029. This suggests a compound annual growth rate (CAGR) of 6.3%. The projected growth during this period can be associated with developments in telemedicine, home healthcare, sports medicine, non-invasive orthopedics, and eco-friendly practices. During this forecast period, the primary trends to watch for include advancements in orthopedic implants, revolutionary orthopedic devices, orthopedic robotics, techniques for bone reshaping and fusion, as well as the incorporation of artificial intelligence (AI) and surgical navigation.

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What main drivers are fueling expansion in the orthopedic power tools market?

The rising incidence of orthopedic diseases globally is predicted to drive the orthopedic power tools market. Orthopedics primarily deals with the correction of disorders or physical impairments related to the skeletal system, including the spine, ligaments, and muscles. These orthopedic power tools are employed in the treatment of such medical conditions. For example, a report by the Australian Bureau of Statistics, an Australian statistical agency, showed that in June 2024, musculoskeletal disorders made up 12.8% of total disease burden (DALY), 23.1% of non-fatal burden (YLD), and 0.8% of fatal burden (YLL) in 2023, whereas they were the fundamental and associated cause of 10,446 deaths (40 per 100,000 population) in 2022, accounting for 5.5% of all deaths. Consequently, with the rise in orthopedic diseases, the need for orthopedic power tools is forecasted to grow in the coming period.

What key areas define the segmentation of the global orthopedic power tools market?

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

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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., B Braun Melsungen AG, Aygun Surgical Instruments Co. Inc., Medtronic plc, DePuy Synthes Inc., ConMed Corporation, Stryker Corporation, Zimmer Biomet Holdings Inc., Arthrex Inc., Smith and Nephew plc, Exactech Inc., Allo Tech Co. Ltd., Microaire Surgical Instruments Inc., Adeor Medical AG, Manman Manufacturing Company Pvt. Ltd., Bosch Healthcare Solutions GmbH, DynaMedic Co. Ltd., Arbutus Medical Inc., Aesculap AG, Becton Dickinson and Company, Biomet Inc., Brasseler USA, Ceterix Orthopaedics Inc., Corin Group, Elite Surgical Pvt. Ltd., GPC Medical Ltd., Integra LifeSciences Holdings Corp., Intrauma S.p.A., Medicon Genossenschaft, Medline Industries Inc., Ortho Solutions GmbH, OsteoMed Inc.

How are evolving market trends shaping orthopedic power tools Strategies?

The integration of sophisticated and cutting-edge technology is a predominant trend in the orthopedic power tools market. Refinements for sterilizing orthopedic power tools are being developed to enhance the effectiveness of medical procedures. For example, in March 2023, the American medical technology firm Stryker unveiled their groundbreaking power tools development, the CD NXT System. This singular technology facilitates real-time tracking of drilling depths by surgeons, thereby ensuring quick, accurate, and uniform digital depth measurement in numerous surgical operations.

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Which regions are emerging as leaders in the orthopedic power tools market?

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.

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