The size of the global orthopaedic power tool market is projected to be US$ 2.1 billion in 2021 and US$ 3.5 billion by 2032, growing at a 4.8% CAGR.
Orthopedic Power Tools are primarily used for the treatment of birth defects, such as those involving the musculoskeletal systems, which include bones, ligaments, cartilage, connective tissues, and tendon, and they aid in ignoring injuries caused by physical harm, thereby providing an orthopaedic support system. Orthopaedic tools and devices are electrically operated instruments that aid in the execution of surgical procedures such as implant fixation and puncturing in surgeries in less time and with greater accuracy.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Orthopedic Power Tools Market Growth
Because of the rising global adoption of the internet and smartphones, digitization is making deeper inroads into varied areas such as healthcare.
During the COVID-19 outbreak, healthcare practitioners and patients saw the necessity of digitalization and were urged to use virtual means of patient assessment and consultation to circumvent social distance rules. This spawned a new medical domain, Telehealth.
Telehealth has grown in popularity since the epidemic, particularly among the elderly, given to the ease it provides. As a result, rising telehealth use in radiology, behavioural health, cardiology, and online consultation is likely to generate lucrative growth prospects in the Orthopedic Power Tools market.
Key Orthopedic Power Tools Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany Orthopedic Power Tools market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
Report Benefits & Key Questions Answered
- Orthopedic Power Tools Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Orthopedic Power Tools market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- Orthopedic Power Tools Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Orthopedic Power Tools market. As per the survey, Orthopedic Power Tools sales will project steady growth over the forecast period.
- Orthopedic Power Tools Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Orthopedic Power Tools market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Orthopedic Power Tools Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Orthopedic Power Tools market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Orthopedic Power Tools market.
Some of the prominent market players are profiled by FMI are:
- Misonix
- DePuy Synthes
- Medtronic Plc
- ConMed Corporation
- B. Braun Melsungen AG
- Zimmer Biomet
- Johnson & Johnson
- Stryker Corporation
- De Soutter Medical
- AlloTech Co. Ltd
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Key Segments Covered in the Orthopedic Power Tools Industry Survey
By Product:
- Small Bone Orthopedic Power Tools
- Large Bone Orthopedic Power Tools
- High-Speed Orthopedic Power Tools
By Modality:
- Single Use Orthopedic Power Tools
- Reusable Power Orthopedic Tools
By Technology:
- Pneumatic-powered Systems
- Electric-powered Systems
- Battery-powered Systems
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Orthopedic Clinics
Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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