Orthopedic Power Tools Market Size To Hit USD 2.21 Billion By 2030


 San Francisco, 3 January 2025: The Report Orthopedic Power Tools Market Size, Share & Trends Analysis Report By Product (Large Bone Orthopedic Power Tools, High-speed Orthopedic Power Tools), By Technology, By Modality (Disposable, Reusable), By End-use, By Region, And Segment Forecasts, 2024 - 2030

The global orthopedic power tools market size to reach at USD 2.21 billion by 2030 and is projected to grow at a CAGR of 3.86% from 2024 to 2030. The market is driven by several factors, including the increasing incidence of orthopedic injuries & diseases, the growing geriatric population, advancements in surgical techniques, and the rising demand for minimally invasive procedures. For instance, in January 2024, Paragon 28, Inc. presented the FJ2000 Power Console and Burr System, a solution aimed at revolutionizing ankle and foot surgery. This advanced system enables various non-surgical and open practices in the ankle and foot, leveraging the latest technological advancements to enhance surgical outcomes and patient care.

The orthopedic power tools market is experiencing significant growth due to the increasing volume of orthopedic procedures. The rising incidence of bone deformities & injuries is expected to accelerate the need for diverse surgical interventions, such as kyphoplasty, laminectomies, spinal fusions, spinal decompressions, and discectomy, thereby, driving the need for orthopedic power tools. A study released by the NCBI in May 2022 revealed that approximately half a million individuals worldwide experience spinal cord injuries (SCI) annually, with roughly 17,000 fresh cases documented each year in the U.S. This significant incidence of spinal cord injuries is expected to drive the need for orthopedic instruments capable of delivering precise bone preparation, accurate implant positioning, and effective surgical results.

The orthopedic power tools market is poised for growth, driven by the increasing number of product launches by leading players. These new product introductions are bringing advanced technologies, innovative features, and improved surgical outcomes, attracting healthcare providers' attention and adoption. This trend of continuous innovation and product development is expected to be a key driver for the market during the forecast period. For instance, in March 2023, Arbutus Medical introduced the QuikBow, an advanced wire/pin tensioning device that surpasses traditional Kirschner bows in speed and reliability. The QuikBow is included in Arbutus Medical's TrakPak product, a sterile kit for bedside skeletal traction to enhance the efficiency and dependability of orthopedic procedures.

Access Research Report of Orthopedic Power Tools Market @ https://www.grandviewresearch.com/industry-analysis/orthopedic-power-tools-market-report

Recent Developments

  • In January 2024, Arthrexlaunched a new online platform, NanoExperience.com, to educate people about Nano arthroscopy, a minimally invasive orthopedic procedure. This platform aims to provide information and resources on this innovative surgical technique, which utilizes advanced nanotechnology to enable smaller incisions and faster patient recovery than traditional arthroscopic procedures.
  • In October 2023, DePuy Syntheslaunched the VELYS Robotic-Assisted Solution for total knee arthroplasty in Europe. The system is designed to enhance procedural efficiency, predictability, and standardization, with a user-friendly interface and streamlined workflow that eliminates the need for costly pre-operative CT scans, improving patient outcomes and reducing resource utilization.

Key Orthopedic Power Tools Company Insights

Key players hold a significant market share due to their strong presence in the global orthopedic power tools industry. Mergers and acquisitions played a crucial role in shaping the competitive landscape of this market. For instance, in May 2022, ConMed's acquisition of In2Bones Global for USD 245 million aims to strengthen its global orthopedics presence, drive innovation, and expand patient reach. The deal is expected to enhance ConMed's product portfolio and market position in the growing orthopedic power tools market.

Key Orthopedic Power Tools Companies:

The following are the leading companies in the orthopedic power tools market. These companies collectively hold the largest market share and dictate industry trends.

  • Stryker
  • CONMED Corporation
  • Medtronic
  • DepuySynthes (Johnson & Johnson MedTech)
  • B. Braun SE
  • Zimmer Biomet
  • NSK / Nakanishi inc.
  • Shanghai Bojin Medical Instrument Co.,Ltd
  • Richard Wolf GmbH
  • Arthrex, Inc.
  • Kaiser Medical Technology Ltd

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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