Market Overview:
The global orthopedic power tool market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of musculoskeletal disorders, rising geriatric population, and technological advancements in orthopedic power tools. The air-driven power tools segment is expected to dominate the global orthopedic power tool market during the forecast period owing to its low cost and easy availability. However, electric-driven power tools are expected to grow at a higher CAGR than other types of power tools due their high efficiency and precision. By application, bone repair is estimated to account for the largest share of the global orthopedic power tool market in 2018 owing to its high prevalence across all regions. However, soft tissue applications are projectedto grow at a higher rate than other applications duringthe forecast period due their growing popularity among surgeons for treating various diseases and conditions Soft tissue applications include hernia repairs, carpal tunnel release surgeries, breast reductions/augmentations etc.).
Product Definition:
An orthopedic power tool is a device that uses a motor to create rotational force. It is used to cut or remove bone, cartilage, or other tissue from the body. Orthopedic power tools are often used in surgery to treat conditions such as arthritis, broken bones, and joint replacements.
Air-driven Power Tools:
Air-driven power tools are also known as air-cure or vacuum-driven power tools. These devices use a high velocity airflow to generate the required pressure for working. The main objective of these devices is to accelerate the cementing process in orthopedic surgeries by reducing the time and effort required for setting bones, etc.
The global market size was valued at USD 1,849 million in 2015.
Electric-driven Power Tools:
Electric-driven power tools are portable devices that run on batteries and provide high torque at low speeds. They are used for various applications such as in construction, automotive, electronics industries and medical sectors. The orthopedic power tool market is expected to witness growth over the forecast period owing to increasing demand for bone setting tools among surgeons.
Application Insights:
bone repair segment dominated the global orthopedic power tool market in 2017. This is due to a rise in the number of total knee replacement procedures and hip replacement procedures, especially in developed countries like U.S., Germany, and France. For instance, as per the statistics published by Osteopore Inc., around 685,000 total knee replacement surgeries were performed globally in 2017; out of which approximately 575,000 were performed in Europe and 165,000 were performed in North America.
The other applications segment is expected to grow at a significant rate over the forecast period owing to an increase demand for orthopedic implants from various body parts such as elbows & shoulders (brachioradialis), ankles (femoral condyles), heels (tibial tuberosity) & toes (metatarsal heads).
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, highly skilled orthopedic surgeons and advanced medical devices are some of the major factors contributing to its growth. In addition, favorable reimbursement policies for orthopedic procedures are also expected to drive industry expansion over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing awareness about bone health and growing demand for power tools used for bone surgery in this region. Moreover, rising disposable income levels will also contribute toward regional expansion during the same period due to high consumer purchasing power allows consumers buy expensive surgical instruments which would otherwise not be available in their country resulting into high demand from countries such as China & India & Singapore etc.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global orthopedic power tool market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing demand for minimally invasive surgeries. This is because these surgeries are less painful and have shorter recovery times as compared to traditional open surgery procedures.
- Growing geriatric population: The global geriatric population is expected to grow at a CAGR of 6% during the forecast period, which will lead to an increase in the number of orthopedic disorders and injuries among this population segment. This will create a high demand for orthopedic power tools, thereby driving market growth.
- Rising prevalence of obesity: Obesity has become one of the leading causes of musculoskeletal disorders such as osteoarthritis, which requires treatment with orthopedic power tools such as joint replacement implants and arthroscopy devices. Thus, rising obesity rates are anticipated to fuel market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Orthopedic Power Tool Market Research Report
By Type
Air-driven Power Tools, Electric-driven Power Tools, Battery--driven Power Tools
By Application
Bone Repair, Soft Tissue, Other Applications
By Companies
Stryker Corporation, Zimmer Biomet, Medtronic, Johnson & Johnson, Arthrex, ConMed, Smith & Nephew Plc, B.Braun Melsungen AG, MicroAire, OsteoMed
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Orthopedic Power Tool Market Report Segments:
The global Orthopedic Power Tool market is segmented on the basis of:
Types
Air-driven Power Tools, Electric-driven Power Tools, Battery--driven Power Tools
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bone Repair, Soft Tissue, Other Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stryker Corporation
- Zimmer Biomet
- Medtronic
- Johnson & Johnson
- Arthrex
- ConMed
- Smith & Nephew Plc
- B.Braun Melsungen AG
- MicroAire
- OsteoMed
Highlights of The Orthopedic Power Tool Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Air-driven Power Tools
- Electric-driven Power Tools
- Battery--driven Power Tools
- By Application:
- Bone Repair
- Soft Tissue
- Other Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Orthopedic Power Tool Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Orthopedic power tools are specifically designed to help orthopedists perform their duties more efficiently. These tools include a variety of attachments that make it easier for the orthopedist to access and manipulate bones, joints, and other tissues.
Some of the major companies in the orthopedic power tool market are Stryker Corporation, Zimmer Biomet, Medtronic, Johnson & Johnson, Arthrex, ConMed, Smith & Nephew Plc, B.Braun Melsungen AG, MicroAire, OsteoMed.
The orthopedic power tool market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Orthopedic Power Tool Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Orthopedic Power Tool Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Orthopedic Power Tool Market - Supply Chain
4.5. Global Orthopedic Power Tool Market Forecast
4.5.1. Orthopedic Power Tool Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Orthopedic Power Tool Market Size (000 Units) and Y-o-Y Growth
4.5.3. Orthopedic Power Tool Market Absolute $ Opportunity
5. Global Orthopedic Power Tool Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Orthopedic Power Tool Market Size and Volume Forecast by Type
5.3.1. Air-driven Power Tools
5.3.2. Electric-driven Power Tools
5.3.3. Battery--driven Power Tools
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Orthopedic Power Tool Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Orthopedic Power Tool Market Size and Volume Forecast by Application
6.3.1. Bone Repair
6.3.2. Soft Tissue
6.3.3. Other Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Orthopedic Power Tool Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Orthopedic Power Tool Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Orthopedic Power Tool Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Orthopedic Power Tool Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Orthopedic Power Tool Demand Share Forecast, 2019-2026
9. North America Orthopedic Power Tool Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Orthopedic Power Tool Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Orthopedic Power Tool Market Size and Volume Forecast by Application
9.4.1. Bone Repair
9.4.2. Soft Tissue
9.4.3. Other Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Orthopedic Power Tool Market Size and Volume Forecast by Type
9.7.1. Air-driven Power Tools
9.7.2. Electric-driven Power Tools
9.7.3. Battery--driven Power Tools
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Orthopedic Power Tool Demand Share Forecast, 2019-2026
10. Latin America Orthopedic Power Tool Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Orthopedic Power Tool Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Orthopedic Power Tool Market Size and Volume Forecast by Application
10.4.1. Bone Repair
10.4.2. Soft Tissue
10.4.3. Other Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Orthopedic Power Tool Market Size and Volume Forecast by Type
10.7.1. Air-driven Power Tools
10.7.2. Electric-driven Power Tools
10.7.3. Battery--driven Power Tools
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Orthopedic Power Tool Demand Share Forecast, 2019-2026
11. Europe Orthopedic Power Tool Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Orthopedic Power Tool Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Orthopedic Power Tool Market Size and Volume Forecast by Application
11.4.1. Bone Repair
11.4.2. Soft Tissue
11.4.3. Other Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Orthopedic Power Tool Market Size and Volume Forecast by Type
11.7.1. Air-driven Power Tools
11.7.2. Electric-driven Power Tools
11.7.3. Battery--driven Power Tools
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Orthopedic Power Tool Demand Share, 2019-2026
12. Asia Pacific Orthopedic Power Tool Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Orthopedic Power Tool Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Orthopedic Power Tool Market Size and Volume Forecast by Application
12.4.1. Bone Repair
12.4.2. Soft Tissue
12.4.3. Other Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Orthopedic Power Tool Market Size and Volume Forecast by Type
12.7.1. Air-driven Power Tools
12.7.2. Electric-driven Power Tools
12.7.3. Battery--driven Power Tools
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Orthopedic Power Tool Demand Share, 2019-2026
13. Middle East & Africa Orthopedic Power Tool Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Orthopedic Power Tool Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Orthopedic Power Tool Market Size and Volume Forecast by Application
13.4.1. Bone Repair
13.4.2. Soft Tissue
13.4.3. Other Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Orthopedic Power Tool Market Size and Volume Forecast by Type
13.7.1. Air-driven Power Tools
13.7.2. Electric-driven Power Tools
13.7.3. Battery--driven Power Tools
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Orthopedic Power Tool Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Orthopedic Power Tool Market: Market Share Analysis
14.2. Orthopedic Power Tool Distributors and Customers
14.3. Orthopedic Power Tool Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stryker Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Zimmer Biomet
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Medtronic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Johnson & Johnson
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Arthrex
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ConMed
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Smith & Nephew Plc
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. B.Braun Melsungen AG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MicroAire
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. OsteoMed
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook