Global Orthopedic Surgical Power Tools Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 3.5% during the forecast period.
Global Orthopedic Surgical Power Tools Market Overview:

Orthopedic surgical power tools are specially designed devices that carry out a specific action such as drilling and fixing implants during surgeries. They are needed by surgeons to insert implants in the bones during orthopedic injuries. These tools can be used to drill, cut, saw, or ream the bones and they also aid in the precision required for an orthopedic surgery, which is why they are used by all surgeons.
Global Orthopedic Surgical Power Tools Market Dynamics:

Prevalence of osteoporosis and other orthopedic ailments are the major factors propelling the market growth.

The growing geriatric population leads to a rise in orthopedic procedures and cases of osteoporosis, which eventually fuels the growth of the global Orthopedic Surgical Power Tools Market. According to Arthritis Foundation, in 2017, nearly 30 million adults were reported to be suffering from osteoarthritis. The prevalence of osteoarthritis increases with age, and the onset is noted in almost 80% of people over the age of 65.

The rising number of accidents across the globe has also added to the demand for technological innovations in orthopedic surgeries. This factor also impacts positively on the market growth. In addition to this, the rising number of sports-related injuries around the world has also increased the demand for technological innovations in orthopedic surgeries.

According to the National Safety Council (NSC), in 2017, 526,000 injuries were reported due to personal exercise, 500,000 players were injured due to basketball, 457000 due to bicycling, and 341,000 due to football. However, hospital consolidation, high cost, medical device excise taxes and unfavourable reimbursement policies are some factors that may hamper the market growth.

The report has profiled fifteen key players in the market from different regions. However, the report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for a future hot spot in APAC region.
Global Orthopedic Surgical Power Tools Market Segment Analysis:

The global Orthopedic Surgical Power Tools market is segmented on the basis of product and technology.

Based on Product, the large bone orthopedic power tools segment is expected to hold a large market share. The segment is expected to dominate the market owing to the factors like a rise in the prevalence of accidents, sports injuries, and orthopedic diseases. These power tools allow surgeons to perform surgical procedures with high accuracy and with greater pace. They also provide several advantages as they are lightweight, easy to assemble, economically viable. Surgical power tools have been very popular in the global market due to their consistent development.

Based on Technology, Battery driven power tools are expected to witness lucrative growth during the forecast period. Battery driven power tools were valued at USD 699 million in 2019. These surgical power tools can operate on batteries and are not directly connected to an electrical source. Furthermore, these devices are user-friendly and do not come with a lead. Lithium batteries are commonly preferred in battery-powered power tools due to their longer life.

Global Orthopedic Surgical Power Tools Market

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Global Orthopedic Surgical Power Tools Market Regional Insights:

North America dominates the global market, followed by Europe.

Based on geographical analysis, North America dominates the market owing to rising healthcare expenditure in the United States. The U.S. surgical power tools market is projected to grow at a CAGR of 4.3%. Additionally, the availability of high-skilled orthopedic surgeons in the country is also supporting the growth of the U.S. market.

The increasing need for orthopedic procedures is driving the demand for orthopedic surgical power tools in the region. Furthermore, factors such as technological advancements associated with orthopedic surgeries in North America also add value to the market growth. Europe is expected to hold the second largest market share during the forecast period, Owing to the rising geriatric population and increasing demand for orthopedic procedures. The growing geriatric population increases the burden of chronic diseases, which aids the market growth.

The report also helps in understanding the Global Orthopedic Surgical Power Tools Market dynamics, structure by analyzing the market segments and project the Global Orthopedic Surgical Power Tools Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Orthopedic Surgical Power Tools Market make the report investor’s guide.
Global Orthopedic Surgical Power Tools Market Key developments:

• In December 2020, Zimmer Biomet Holdings, Inc. completed the acquisition of A&E Medical Corporation, for USD 150 million in cash at closing and USD 100 million in cash payable in 2021. With this deal, Zimmer Biomet has acquired A&E Medical’s complete portfolio of sternal closure devices including sternal sutures, cable systems, and rigid fixation along with various other surgical products.

• In September 2020, Medtronic Private Limited, launched Sonicision curved jaw cordless ultrasonic dissection system, to provides greater precision and convenience during orthopedic surgeries.
Global Orthopedic Surgical Power Tools Market Scope: Inquire before buying

Global Orthopedic Surgical Power Tools Market

Global Orthopedic Surgical Power Tools Market, by Region:

• North America
• Europe
• South America
Global Orthopedic Surgical Power Tools Market Key Players:

• ConMed Corporation
• Medtronic
• Stryker Inc.
• Arthrex
• Zimmer Holdings Inc.
• DePuy Synthes
• Misonix Inc.
• Aesculap
• Adeor
• Aygun Surgical Instruments
• MedicMicro
• B. Braun
• OsteoMed
• Brasseler USA
• Stars Medical Devices

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