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Orthopedic power tools market remains influenced by prevalence of minimally invasive surgeries, which create demand for treating various disorders such as neurosurgical, spinal and orthopedic diseases. Minimally invasive surgeries require orthopedic power tools, which carry out surgeries with a miniscule incision, lower the risk of bleeding, have shorter hospital stay post-surgery, and offer faster recovery. Growth of orthopedic power tools market is driven by increased adoption of robotic surgery, owing to limited availability of skilled surgeons worldwide. Surgical robots with multiple arms are foraying into healthcare sector with their high surgical efficiency, with the capability of handling various equipment at the same time, thereby driving growth of orthopedic power tools market. However, hospital consolidation, cost-containment pressures, medical device excise taxes, and unfavorable reimbursement policies are some factors expected to restrain expansion of orthopedic power tools market.
In its new report, Fact.MR has projected the orthopedic power tools market to register an average expansion throughout the forecast period, 2017 to 2026. Roughly US$ 2,500 Mn revenues will be reaped from the orthopedic power tools market by 2026-end.
Market Taxonomy
| Region | Product Type | End User | Modality |
| North America | Large Bone Power Tools | Hospitals | Single Use Power Tools |
| Latin America | Small Bone Power Tools | Ambulatory Surgical Centers | Reusable Power Tools |
| Europe | High Speed Power Tools | Orthopedic Clinics | |
| Japan | |||
| APEJ | |||
| MEA |
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North America to Account for Largest Revenue Share of Orthopedic Power Tools Market
Rapid technological advancements, and increasing volume of orthopedic procedures have accelerated growth of orthopedic power tools market in North America. In terms of revenues, the largest share of the orthopedic power tools market will be accounted by North America during 2017 to 2026. Europe and Asia-pacific excluding Japan (APEJ) will also remain lucrative regions for growth of the orthopedic power tools market.
A paradigm shift is being observed in the orthopedic power tools market from conventional reusable orthopedic power tools toward use of disposable or single-use orthopedic power tools. This is mainly to prevent the risk of infection in individuals caused by reusing & reprocessing the same orthopedic power tools on many individuals. In addition, single-use orthopedic power tools are cost-effective, and are pre-sterilized prior to their delivery to hospitals in a single-use format. Owing to these factors, sales of single-use power tools are projected to register the fastest expansion in the orthopedic power tools market through 2026, based on modality.
Large Bone Power Tools – Most Lucrative among Products in Orthopedic Power Tools Market
Large bone power tools will remain most lucrative product in orthopedic power tools market, followed by high-speed power tools. These power tools find huge application in trauma-related surgeries, and knee & hip reconstruction surgeries. Compared to large bone and high-speed power tools, small bone power tools will account for a significantly lower revenue share of the market throughout the forecast period.
Orthopedic clinics and ambulatory surgical centers are projected to be the fastest expanding end-users in orthopedic power tools market. On the other hand, sales of orthopedic power tools in hospitals will register a relatively lower CAGR than that in orthopedic clinics and ambulatory surgical centers through 2026.
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Fact.MR’s report provides a competitive landscape of the orthopedic power tools market, identifying key players in the market that include Misonix, CONMED Corporation, B Braun, Zimmer Biomet, Johnson & Johnson, and Stryker Corporation.
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