As per DelveInsight Analysis in the Orthopedic Power Devices market, the growing number of patients suffering from orthopedic disorders, among others, along with increased adoption of robotic surgery and technological advancements in the Orthopedic Power Devices arena is expected to drive the Orthopedic Power Devices market growth and the patients in their treatment.
According to the latest report published by DelveInsight “Orthopedic Power Devices Market Insight” the global Orthopedic Power Devices market is expected to witness significant growth owing to an increase in the volume of orthopedic procedures, rising adoption of minimally-invasive surgeries, rising number of trauma cases and rising prevalence of various disorders such as neurosurgical, spinal and orthopedic diseases. This report will provide an in-depth market understanding of Orthopedic Power Devices which will further benefit the competitors or stakeholders operating in the Orthopedic Power Devices market.
Interested in knowing how Orthopedic Power Devices Market will be growing by 2026? Click to get a snapshot of Orthopedic Power Devices Market Analysis
Orthopedic Power Devices
Orthopedic Power Devices are medical devices that are used for the treatment and prevention of impairments that are caused as a result of physical injuries, or birth-related disorders regarding musculoskeletal systems. The orthopedic power tools are devices that are manufactured for carrying out particular actions such as fixation of implants and drilling in case of surgical procedures. Power orthopedics are electrically operated devices that tend to facilitate surgeons in performing surgeries with higher precision in a lesser amount of time. Large bone power tools, small bone power tools, and higher speed power tools that are included in the orthopedic power tools are also available in the Orthopedic Power tools market.
Orthopedic Power Devices Market Insights
Geographically, the global Orthopedic Power Devices market is studied for North America, Europe, Asia-Pacific, and Rest of the World. In terms of revenue share North America currently leads the global Orthopedic Power Devices market and is expected that it will remain constant during the forecast period. This domination is owing to the growing demand because of the high prevalence of orthopedic disorders, rising population of the elderly, rising product launch, and well-established reimbursement scenario for Orthopedic Power equipment in the region among other factors in the region. Furthermore, the prompt and well-established healthcare services and infrastructure contributes to the growth of the regional Orthopedic Power Devices market growth. Moreover, the presence of key players in the region and supportive reimbursement programs further provide immense growth opportunities for the Orthopedic Power Devices market.
To know more about why North America is leading the market growth in the Orthopedic Power Devices market, get a snapshot of the report Orthopedic Power Devices Market
Recent Developments in the Orthopedic Power Devices Market
- On September 09, 2021, Olympus had strengthened its surgical portfolio after the launch of Powerseal Advanced Bipolar Surgical Energy Devices. The Powerseal 5mm curved jaw tissue sealer and divider is a double-action device.
- On September 22, 2021, Bolder Surgical had announced the global launch of CoolSeal™ Vessel Sealing Platform.
- On May 08, 2020, Pixee had secured CE mark approval for orthopedic navigation system Knee+. Knee+ technology tends to combine computer vision and deep learning algorithms to precisely track instruments and implants during surgeries.
- Thus, owing to the launch of such devices, there will be a rapid growth observed in Orthopedic Power Devices market during the forecast period.
Interested in knowing about the advancements in Orthopedic Power Devices? Click to get a snapshot of Power Tools for Orthopedic Surgery
Key Players in the Orthopedic Power Devices Market
The leading Orthopedic Power Devices companies with various orthopedic surgical power tools such as Stryker, CONMED Corporation, Medtronic, DePuy Synthes (Medical Devices Business Services, Inc.), MicroAire Surgical Instruments, LLC, Zimmer Biomet, De Soutter Medical, adeor medical AG, Smith & Nephew, Arthrex Inc, Inc, Brasseler USA, Nouvag AG, AYGUN CO.,INC, iMEDICOM, Shanghai Bojin Medical Instrument Co.,Ltd, ORTHOPROMED, Allotech Co. Ltd., medical bees GmbH, MatOrtho Limited, NAKANISHI INC and others are currently dominating the Orthopedic Power Devices market.
COVID-19 Impact on Orthopedic Power Devices Market
The COVID-19 pandemic had a profound impact on elective and non-urgent surgeries across the countries. The demand for Orthopedic Surgery Power tools are primarily affected by the outbreak of the COVID-19 pandemic. The government imposed lockdowns to curb the spread of the virus leading to restrictions on movement and a decrease in regular check-ups. Owing to the COVID-19 pandemic situation, various forms of elective procedures were temporarily stopped in contrast to the COVID-19 affected patients that were given utmost priority. This led to a decrease in the surgery required for Orthopedic Power tools. However, decreasing the number of cases, increasing vaccination number, and relief in lockdowns are expected to boost the demand for the Orthopedic Power Devices market.
However, post-COVID-19 the healthcare system is trying to get normalcy owing to the resumed patent visits, the opening of manufacturing facilities, leverage given in terms of lockdown restrictions among others. Hence, the demand for Orthopedic Power Devices is expected to rise in the market during the post-pandemic scenario during the forecast period.
To discuss more about the short/long-term impact of COVID-19 get a snapshot of the report Orthopedic Power Devices market
Scope of the Orthopedic Power Devices Market Report
- Geography Covered: Global
- Study Period: 2021-2026
- Market Segmentation By Type: Large-Bone Powered Devices and Small-Bone Powered Devices
- Market Segmentation By Product Type: Orthopedic Power Drill, Orthopedic Power Drill Saw, Orthopedic Power Drill Reamers, and Others
- Market Segmentation By Power Source: Pneumatic, Battery-Powered, and Electric
- Market Segmentation By Usability: Single-Use and Reusable
- Market Segmentation By End-Users: Hospitals, Ambulatory Surgical Centers, and Others
- Market Segmentation By Geography – North America, Europe, Asia-Pacific, and Rest of World
- Leading Orthopedic Power Devices Companies: Stryker (NYSE: SYK), CONMED Corporation (NYSE: CNMD), Medtronic (NYSE: MDT), DePuy Synthes (Medical Devices Business Services, Inc.), MicroAire Surgical Instruments, LLC, Zimmer Biomet (NYSE: ZBH), De Soutter Medical, adeor medical AG, Smith & Nephew (LON: SN), Arthrex Inc, Brasseler USA, Nouvag AG, AYGUN CO.,INC, iMEDICOM, Shanghai Bojin Medical Instrument Co.,Ltd, ORTHOPROMED, Allotech Co. Ltd., medical bees GmbH, MatOrtho Limited, NAKANISHI INC, and others
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
DelveInsight Analysis: The Orthopedic Power Devices market is expected to grow at a CAGR of 4.34% during the forecast period from 2021 to 2026 to reach USD 1.38 billion by 2026.
Table of Contents
| 1 | Orthopedic Power Devices Market Report Introduction |
| 2 | Orthopedic Power Devices Market Executive Summary |
| 3 | Regulatory and Patent Analysis |
| 4 | Orthopedic Power Devices Market Key Factors Analysis |
| 5 | Porter’s Five Forces Analysis |
| 6 | COVID-19 Impact Analysis on Orthopedic Power Devices Market |
| 7 | Orthopedic Power Devices Market Layout |
| 8 | Global Company Share Analysis – Key 3-5 Companies |
| 9 | Orthopedic Power Devices Market Key Companies and Product Profiles |
| 10 | Project Approach |
| 11 | KOL Views |
| 12 | DelveInsight Capabilities |
| 13 | Disclaimer |
| 14 | About DelveInsight |
To get a deeper understanding of key companies and devices in the orthopedic surgical power tools market, get a snapshot of the Orthopedic Power Tools Manufacturers
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