Global Orthopedic Power Tools Market Report- By Product Type(Large Bone, Small Bone, High-Speed Orthopedic Power Tools, Orthopedic Reamers, Accessories), By Technology Type( Electric-Corded & Battery Powered Tools, Pneumatic), By End Users, By Region With COVID-19 impact | Forecast Period 2017-2030

Market Overview

Orthopedic surgery is on a trail to less invasive and more accurate operations, with a larger proportion of outpatient and overnight procedures. This course is expected to continue and will be further assisted by new technologies, making surgery more selective and the orthopedic surgeon an increasingly proactive specialist in the management of injuries and conditions. Also with, high occurrence of osteoporosis and cumulative orthopedic surgeries are major factors propelling growth of the global orthopedic power tools market.

Further, technological advancements have also increased the adoption of orthopedic power tools and likely to grow at a significant pace during the forecast period. For instance, in March 2017, Stryker Corporation announced a range of instruments under the brand name System 8 Power Tool. These power tools are used for orthopedic applications and include innovative System 8 SABO sagittal saw and System 8 cordless drivers that offer enhanced accuracy and are more proficient. Moreover, orthopedic operations that incorporate robotics are less invasive and offer reproducible precision, subsequently shorter hospital stays and faster recovery times.

Major companies spending over robotics include Stryker, Zimmer Biomet, Mazor Robotics, Think Surgical, Smith & Nephew, OMNlife Science Inc., Intuitive Surgical and Verb Surgical. Zimmer Biomet, for example, added the ROSA robotic device used for brain and spine surgeries to its product portfolio through its acquisition of Medtech. Stryker acquired Mako Surgical Corp. for total knee construction and total hip replacement robotic products, and Smith & Nephew acquired Blue Belt Holdings for a robotic-assisted surgery product for partial knee replacements.

Orthopedic Power Tools Market Segmentation

By Product Type

• Large Bone Orthopedic Power Tools
• Small Bone Orthopedic Power Tools
• High-Speed Orthopedic Power Tools
• Orthopedic Reamers
• Accessories (Batteries, Chargers, Aseptic Transfer Kits etc.)

By Technology Type

• Electric
  • Corded Tools
  • Battery Powered Tools
• Pneumatic

By End Users

• Hospitals
• Ambulatory Surgical Centers (ASCS) & Clinics

By Region

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Benelux
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Korea
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa
  • GCC
  • South Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Market Highlights

As per the analysis of global orthopedic power tools market conducted by Goldstein Market Intelligence is projected to register a CAGR of 3.6% during the forecast period 2017-2030.

North America Accounts for the Highest Share in Global Orthopedic power tools Market

The North America orthopedic power tools market accounted for the major revenue share at over 30% in 2017 followed by Europe. This is mostly attributed to upsurge in healthcare expenditure and large number of skilled healthcare professionals in North America. For instance, according to the National Health Expenditure Accounts, the annual U.S healthcare expenditure increased by 4.3% in 2016 as compared to 2015, accounting for USD 10,348 per U.S. citizen. The major percentage of the expenditure was dedicated towards development of surgical facilities and reimbursement policies. Further, demand for orthopedic power tools is predictable to upsurge owing to emergence of advanced technologies and the rise in orthopedic disorders.

Covered in this global orthopedic power tools market report

Our report also provide with qualitative information on the factors mentioned below:

• Market Penetration: Statistics regarding the competitive arena of the orthopedic power tools market
• Market Sizing: The projected market size in 2030 and estimation of the market from 2017 to 2030
• Product Development/Innovation: Comprehensive insights on forthcoming technologies, R&D activities, and innovative product launches in the orthopedic power tools market
• Market Overview: Market dynamics and consequent analysis of accompanying trends as well as opportunities, drivers and challenges existing in the orthopedic power tools market
• Market Development: Complete information about rewarding markets – the study examines the market for drone logistics across various regions
• Market Diversification: Thorough information about fresh products, untapped geographies,  and investments in the orthopedic power tools market
• Regional Analysis: Factors manipulating market shares of North America, Europe, Asia Pacific, and the Middle East
• Competitive Assessment: Exhaustive valuation of business strategies, products, and manufacturing capabilities of important market players
• The local regulatory reforms and improvement strategies along with the forecast are clarified in each key point that indicates the general execution and issues in key areas, for example, the US, Asia Pacific, Middle East and Europe.

COVID-19 impact on "Global Orthopedic Surgical Power Tools Market "    

Impact of COVID-19 Outbreak on “Global Orthopedic Surgical Power Tools Market ”, Manufacturers, Contract Manufacturers Suppliers and Recovery Strategy. A complete detailed chapter of 50-70 pages which includes the data and information focused on impacts of the pandemic on the Global Orthopedic Surgical Power Tools Market . It also showcases the expected recovery schedule and losses in the industry and other various major factors.

Key Players Mentioned In the Report

• Stryker Corporation
• Johnson and Johnson (DePuy Synthes)
•  Conmed Corporation
• Medtronic plc
• Microaire Surgical Instruments Inc.
•  Zimmer Biomet
•  Peter Brasseler Holdings, LLC
•  B. Braun Melsungen AG
•  Desoutter Medical Ltd.
•  Smith and Nephew plc.

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Reasons to purchase this market study

• Facilitate decision-making based on strong historic and forecast data for orthopedic power tools market
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• Study on the region and country that are expected to dominate the market
• Position yourself to gain the maximum advantage of the orthopedic power tools market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and visions