The global Orthopedic Surgical Power Tools market size was valued at USD 1.32 billion in 2022 and is expected to reach USD 1.77 billion by the year 2032, at a CAGR of around 4%.
The major factors drivers for the growth of the orthopedic surgical power tools market are the increasing volume of orthopedic procedures, operating room supply standardization, rise in the aging population, and technological advancement. The increasing need for orthopedic procedures for conditions such as osteoarthritis (OA), fractures, osteoporosis, etc. are augmenting the demand for orthopedic power tools. According to Arthritis Foundation, in 2023, 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, which has consequently had positively affected the market growth.
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The branch of orthopedics deals with the skeletal system, joints, muscles, and ligaments associated with it. Orthopedic surgeries have been extensively used in the correction and prevention of disorders related to the skeletal system. However, the world of orthopedic surgery was revolutionized with the introduction of orthopedic surgical power tools. They are at present an integral part of modern operative orthopedics. Surgeons frequently use these electrically operated devices during surgeries to drill through bones and incorporate implants in respective holes. These tools enable surgeons to perform the same surgical procedures at a better pace, more precision, and higher accuracy.
Owing to the consistently positive performance, these power tools have been prevalent in the global market. They also provide several advantages as they are lightweight, easy to assemble, economically viable. Due to technological advancements, surgical power tools have been very popular in the global market.
The rising prevalence of osteoporosis plays a major role in propelling the demand for orthopedic surgeries, and eventually, power tools as well. With the growing geriatric population, osteoporosis is highly pronounced worldwide, especially in developing nations. Increasing incidences of fragile fractures in the wrist, hip, and spine are further contributing to the demand for orthopedic surgical power tools. Technological and operational advancements in tool designs over the years counts among the top factors influencing the market growth. Several governments and private authorities are increasingly promoting regulations regarding operating room supply standardization. This will also drive the market.
On the basis of type, the orthopedic power tools market is segmented as large bone, small bone, high-speed power tools, and orthopedic reamers. The large bone power tools segment holds the largest share in the market. This segment is anticipated to sustain its dominance during the forecast period, owing to factors, such as the rise in the prevalence of accidents, sports injuries, and orthopedic.
Based on technology, the market is segmented as pneumatic-powered systems, electric-powered systems, and battery operated-powered systems. Traditional and disposable power tools are also the two major segments of this market. The preference for disposable or single-use tools over conventional or reusable tools is increasing in recent years. Reusable tools are high maintenance and expensive, whereas the single use ones are convenient and cost-effective.
Based on the geographic region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
North America holds the largest share in the market studied, due to rising healthcare expenditure in the United States. 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. Moreover, factors such as technological advancements associated with orthopedic surgeries in the United States also add value to the market growth in the long run.
Some of the key players in the global orthopedic surgical power tools market include ConMed Corporation, Stryker Corporation, Medtronic PLC, DePuy Synthes, B Braun Melsungen AG, Zimmer Biomet, Arthrex, Micro Aire, De Soutter Medical, and Aygun Surgical Instruments are among others.
Segments Covered in the Report
This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2023 to 2032. For the purpose of this study, has segmented the global orthopaedic surgical power tools market report on the basis of type, technology, and region:
By Type (USD Million, 2023 – 2032)
- Large Bone
- Small Bone
- Single Use (Disposable)
- Orthopedic Reamers
By Technology (USD Million, 2023 – 2032)
- Battery Operated
By Region (USD Million, 2023 – 2032)
- North America
- Italy Spain
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
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