Orthopedics focuses on the treatment of musculoskeletal problems such as musculoskeletal injuries, musculoskeletal trauma, infections, and spine diseases. Orthopedic power tools are lightweight, and easy to use when performing orthopedic procedures as compared to traditional heavy orthopedic instruments. Battery-operated power systems, pneumatic power tools, and Electric powered orthopedic tools are the three types of orthopedic power tools.
In 2020, the global orthopedic power tools market is expected to be worth US$ 943.8 million, expanding at a CAGR of 3.50 % over the forecast period 2020-2027.
Rising prevalence of spinal injuries is expected to propel the global orthopedic power tools market growth over the forecast period. For instance, according to the study published in 2018 by the National Spinal Cord Injury Statistical Center, in the U.S. the prevalence of spinal cord injury is around 54 cases every 1,000,000 individuals, and around new 17,700 cases are diagnosed every year.
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Furthermore, during the forecast period, a growing number of product releases and approvals from regulatory bodies for orthopedic power tools are expected to boost the global orthopedic power tools market growth. For instance, Medtronic Private Limited, in September 2020, released Sonicision curved jaw cordless ultrasonic dissection system, which gives health care providers more accuracy and ease during orthopedic procedures.
COVID-19 has spread to around 100 countries worldwide since its breakout in December 2019, prompting the World Health Organization to designate it as a public health emergency. According to a study published by the World Health Organization (WHO), the coronavirus (COVID-19) had infected around 44 million people globally as of October 28, 2020.
The global coronavirus (COVID-19) pandemic and consequent lockdowns in many countries have had an impact on the global orthopedic power tool market in the following ways financial condition of companies in all segments has been impacted, the private medical device industry is one of the segments where the COVID-19 pandemic had a massive impact. The pandemic had a negative impact on the orthopedic power tool market in a variety of areas, such as medical device research, manufacture, and supply, as well as global expansion, due to government-imposed lockdowns in many nations. The countrywide lockdowns have resulted in the closing of industrial units, with the exception of those that manufacture necessary commodities, as well as a disruption in the supply chain for medications and therapeutic and diagnostic kits.
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Furthermore, patients with musculoskeletal trauma and bone fractures have a very low chance of contracting COVID-19 infections, so medical authorities can perform operations based on the emergent, urgent, or elective state of patients with musculoskeletal trauma and bone fractures. For instance, according to a report released in May 2020 by the Société Internationale de Chirurgie Orthopédique et de Traumatologie (SICOT), patients who suffer from musculoskeletal trauma and bone fractures are at lower risk of becoming infected with COVID-19, and so medical practitioners can carry out operations based on the patients’ emergent, urgent, and elective conditions.
North America accounted for the largest share in the global orthopedic power tools market due to major market companies are focused on product releases and product approvals to maintain their position in the market. For instance, Medtronic Plc, introduced the Mazor X stealth edition orthopedic power tool in 2019, which could be utilized by medical practitioners for spine operations caused by spine injuries and accidents.
Some of the key players contributing to the global orthopedic power tools market are Adeor Medical AG, Aygün Surgical Instruments Co., Inc, NOUVAG AG, De Soutter Medical, Zimmer Biomet, ERMIS MedTech GmbH, DePuy Synthes Companies, Allotech Co. Ltd, B. Braun Melsungen AG, Medical Bees GmbH, Stryker Corporation, IMEDICOM Co., Ltd, Exactech, Inc, Medtronic plc, and Shanghai Bojin Medical Instrument Co. Ltd
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Technology
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Market Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Drivers
- Restraint
- Opportunity
- Impact Analysis
- PEST Analysis
- PORTER’s Analysis
- Key Highlights
- Key Brand Analysis
- Regulatory Scenario
- Reimbursement Scenario
- Market Trends
- Collaboration and Acquisition
- Global Orthopedic Power Tools Market- Impact of COVID-19 Pandemic
- COVID-19 Epidemiology
- COVID-19 Impact on Demand & Supply
- Global Orthopedic Power Tools Market, By Product Type , 2016-2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Large Bone Orthopedic Power tools
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Small Bone Orthopedic Power tools
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- High Speed Bone Orthopedic Power tools
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Orthopedic Reamers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Large Bone Orthopedic Power tools
- Introduction
- Global Orthopedic Power Tools Market, By Technology, 2016–2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Electric Powered Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Battery Operated Powered Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Pneumatic Powered System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Electric Powered Systems
- Introduction
- Global Orthopedic Power Tools Market, By End User, 2016–2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Orthopedic Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Orthopedic Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Mn)
- Orthopedic Hospitals
- Introduction
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