Orthopedic Power Tools Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2030
WILMINGTON, DELAWARE, USA, June 23, 2022 /EINPresswire.com/ — Orthopedic power tools: Introduction
The branch of orthopedics in the medical field deals with the skeletal system and the joints, muscles, and ligaments associated with it. Orthopedic surgeries play a vital role in the correction and prevention of disorders related to the skeletal system.
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However, orthopedic surgery was revolutionized with the introduction of orthopedic surgical power tools. They are currently an integral part of modern operative orthopedics. Surgeons often use these electrical devices during surgeries to drill into bones and embed implants in the respective holes.
A significant benefit of orthopedic power tools is that they allow surgeons to perform the same surgical procedures with a faster pace, more precision, and greater precision.
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Key Drivers of the Global Orthopedic Power Tools Market
The perpetual prevalence of osteoporosis and a few other conditions plays a major role in propelling the demand for orthopedic surgeries and eventually power tools.
Rising geriatric population is driving the incidence of osteoporosis worldwide, especially in developing countries
Rising incidence of brittle fractures of the wrist, hip and spine is further fueling the demand for orthopedic power tools. Technological and operational advancements in tool design over the years are a major factor driving the market.
Several governments and private authorities are increasingly promoting regulations regarding the standardization of operating room supplies. It is also a key factor driving the power tools market.
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Large Bone Orthopedic Power Tools Segment to Dominate the Global Market
In terms of type, the global orthopedic power tools market can be categorized into large bone orthopedic power tools, small bone orthopedic power tools, high-speed orthopedic power tools, and orthopedic reamers.
The large bone orthopedic power tools segment is expected to dominate the global market over the forecast period owing to the high usage of orthopedic power tools in large bone surgeries.
Electric propulsion systems segment will dominate the global market
Based on technology, the global orthopedic power tools market can be divided into pneumatic systems, electric systems, and battery-powered systems.
Electrical systems segment is expected to dominate the global market over the forecast period as these tools are convenient and cost-effective
Hospitals will be a very lucrative segment
In terms of end user, the global orthopedic power tools market can be categorized into hospitals, outpatient surgery centers and others.
The hospital segment is expected to account for a major share of the global orthopedic power tools market by 2030 owing to the large number of patients treated in hospitals for orthopedic surgeries.
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North America will provide significant opportunities in the orthopedic power tools market
In terms of region, the global orthopedic power tools market can be segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
North America dominated the global orthopedic power tools market in 2019 owing to very high demand for spinal and other orthopedic procedures in the region
Rising cases of osteoporosis are also fueling the demand for orthopedic power tools in most developing economies in Asia-Pacific. China, Australia and Japan represent remarkable and rapidly growing markets in the region.
However, price sensitivity influences the adoption rate of orthopedic power tools in each regional market
Key players operating in the global orthopedic power tools market
The global orthopedic power tools market is highly fragmented, with the presence of both international and local players. Leading players operating in the global orthopedic power tools market are:
Zimmer Holdings Inc.
Aygun Surgical Instruments
Star Medical Devices
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