Product Code: GVR-4-68040-350-5
Orthopedic Power Tools Market Trends
The global orthopedic power tools market size was estimated at USD 1.71 billion in 2023 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.
Global Orthopedic Power Tools Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global orthopedic power tools market report based on product, technology, modality, end-use, and region.
- Product Outlook (Revenue, USD Million, 2018 - 2030)
- Large Bone Orthopedic Power Tools
- High-speed Orthopedic Power Tools
- Small Bone Orthopedic Power Tools
- Others (accessories and reamers)
- Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Battery-powered Systems
- Electric-powered Systems
- Pneumatic-powered Systems
- Modality Outlook (Revenue, USD Million, 2018 - 2030)
- Disposable
- Reusable
- End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Outpatient Facilities
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Japan
China
India
Australia
South Korea
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Product
- 1.2.2. Technology
- 1.2.3. Modality
- 1.2.4. End Use
- 1.2.5. Regional scope
- 1.2.6. Estimates and forecasts timeline.
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. Technology outlook
- 2.2.3. Modality outlook
- 2.2.4. End Use outlook
- 2.2.5. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Orthopedic Power Tools Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook.
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.3. Orthopedic Power Tools Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.2. PESTEL Analysis
Chapter 4. Orthopedic Power Tools Market: Product Estimates & Trend Analysis
- 4.1. Technology Market Share, 2023 & 2030
- 4.2. Segment Dashboard
- 4.3. Global Orthopedic Power Tools Market by Product Outlook
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.4.1. Large bone orthopedic power tools
- 4.4.1.1. Large bone orthopedic power tools market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.2. High-speed orthopedic power tools
- 4.4.2.1. High-speed orthopedic power tools market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.3. Small bone orthopedic power tools
- 4.4.3.1. Small bone orthopedic power tools market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.4. Others (Accessories and reamers)
- 4.4.4.1. Others (Accessories and reamers) market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Orthopedic Power Tools Market: Technology Estimates & Trend Analysis
- 5.1. Technology Market Share, 2023 & 2030
- 5.2. Segment Dashboard
- 5.3. Global Orthopedic Power Tools Market by Technology Outlook
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.4.1. Battery-powered Systems
- 5.4.1.1. Battery-powered Systems market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.2. Electric-powered Systems
- 5.4.2.1. Electric-powered Systems market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.3. Pneumatic-Powered Systems
- 5.4.3.1. Pneumatic-Powered Systems market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Orthopedic Power Tools Market: Modality Estimates & Trend Analysis
- 6.1. Global Orthopedic Power Tools Market: Modality Dashboard
- 6.2. Global Orthopedic Power Tools Market: Modality Movement Analysis
- 6.3. Global Orthopedic Power Tools Market by Treatment, Revenue
- 6.4. Disposable
- 6.4.1. Disposable market estimates and forecasts 2018 to 2030 (USD Million)
- 6.5. Reusable
- 6.5.1. Reusable market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Orthopedic Power Tools Market: End Use Estimates & Trend Analysis
- 7.1. End Use Market Share, 2023 & 2030
- 7.2. Segment Dashboard
- 7.3. Global Orthopedic Power Tools Market by End Use Outlook
- 7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 7.4.1. Hospitals
- 7.4.1.1. Hospitals market estimates and forecasts 2018 to 2030 (USD Million)
- 7.4.2. Outpatient Facilities
- 7.4.2.1. Outpatient Facilities market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Orthopedic Power Tools Market: Regional Estimates & Trend Analysis
- 8.1. Regional Market Share Analysis, 2023 & 2030
- 8.2. Regional Market Dashboard
- 8.3. Global Regional Market Snapshot
- 8.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030
- 8.5. North America
- 8.5.1. North America
- 8.5.2. U.S.
- 8.5.2.1. Key country dynamics
- 8.5.2.2. Regulatory framework
- 8.5.2.3. Competitive scenario
- 8.5.2.4. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
- 8.5.3. Canada
- 8.5.3.1. Key country dynamics
- 8.5.3.2. Regulatory framework
- 8.5.3.3. Competitive scenario
- 8.5.3.4. Canada market estimates and forecasts 2018 to 2030 (USD Million)
- 8.5.4. Mexico
- 8.5.4.1. Key country dynamics
- 8.5.4.2. Regulatory framework
- 8.5.4.3. Competitive scenario
- 8.5.4.4. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6. Europe
- 8.6.1. Europe
- 8.6.2. UK
- 8.6.2.1. Key country dynamics
- 8.6.2.2. Regulatory framework/ Reimbursement
- 8.6.2.3. Competitive scenario
- 8.6.2.4. UK market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6.3. Germany
- 8.6.3.1. Key country dynamics
- 8.6.3.2. Regulatory framework/ Reimbursement
- 8.6.3.3. Competitive scenario
- 8.6.3.4. Germany market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6.4. France
- 8.6.4.1. Key country dynamics
- 8.6.4.2. Regulatory framework/ Reimbursement
- 8.6.4.3. Competitive scenario
- 8.6.4.4. France market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6.5. Italy
- 8.6.5.1. Key country dynamics
- 8.6.5.2. Regulatory framework/ Reimbursement
- 8.6.5.3. Competitive scenario
- 8.6.5.4. Italy market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6.6. Spain
- 8.6.6.1. Key country dynamics
- 8.6.6.2. Regulatory framework
- 8.6.6.3. Competitive scenario
- 8.6.6.4. Spain market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6.7. Denmark
- 8.6.7.1. Key country dynamics
- 8.6.7.2. Regulatory framework/ Reimbursement
- 8.6.7.3. Competitive scenario
- 8.6.7.4. Denmark market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6.8. Sweden
- 8.6.8.1. Key country dynamics
- 8.6.8.2. Regulatory framework
- 8.6.8.3. Competitive scenario
- 8.6.8.4. Sweden market estimates and forecasts 2018 to 2030 (USD Million)
- 8.6.9. Norway
- 8.6.9.1. Key country dynamics
- 8.6.9.2. Regulatory framework
- 8.6.9.3. Competitive scenario
- 8.6.9.4. Norway market estimates and forecasts 2018 to 2030 (USD Million)
- 8.7. Asia Pacific
- 8.7.1. Asia Pacific
- 8.7.2. Japan
- 8.7.2.1. Key country dynamics
- 8.7.2.2. Regulatory framework/ Reimbursement
- 8.7.2.3. Competitive scenario
- 8.7.2.4. Japan market estimates and forecasts 2018 to 2030 (USD Million)
- 8.7.3. China
- 8.7.3.1. Key country dynamics
- 8.7.3.2. Regulatory framework/ Reimbursement
- 8.7.3.3. Competitive scenario
- 8.7.3.4. China market estimates and forecasts 2018 to 2030 (USD Million)
- 8.7.4. India
- 8.7.4.1. Key country dynamics
- 8.7.4.2. Regulatory framework/ Reimbursement
- 8.7.4.3. Competitive scenario
- 8.7.4.4. India market estimates and forecasts 2018 to 2030 (USD Million)
- 8.7.5. Australia
- 8.7.5.1. Key country dynamics
- 8.7.5.2. Regulatory framework/ Reimbursement
- 8.7.5.3. Competitive scenario
- 8.7.5.4. Australia market estimates and forecasts 2018 to 2030 (USD Million)
- 8.7.6. South Korea
- 8.7.6.1. Key country dynamics
- 8.7.6.2. Regulatory framework/ Reimbursement
- 8.7.6.3. Competitive scenario
- 8.7.6.4. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
- 8.7.7. Thailand
- 8.7.7.1. Key country dynamics
- 8.7.7.2. Regulatory framework/ Reimbursement
- 8.7.7.3. Competitive scenario
- 8.7.7.4. Thailand market estimates and forecasts 2018 to 2030 (USD Million)
- 8.8. Latin America
- 8.8.1. Latin America
- 8.8.2. Brazil
- 8.8.2.1. Key country dynamics
- 8.8.2.2. Regulatory framework
- 8.8.2.3. Competitive scenario
- 8.8.2.4. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
- 8.8.3. Argentina
- 8.8.3.1. Key country dynamics
- 8.8.3.2. Regulatory framework/ Reimbursement
- 8.8.3.3. Competitive scenario
- 8.8.3.4. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
- 8.9. MEA
- 8.9.1. MEA
- 8.9.2. South Africa
- 8.9.2.1. Key country dynamics
- 8.9.2.2. Regulatory framework/ Reimbursement
- 8.9.2.3. Competitive scenario
- 8.9.2.4. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
- 8.9.3. Saudi Arabia
- 8.9.3.1. Key country dynamics
- 8.9.3.2. Regulatory framework/ Reimbursement
- 8.9.3.3. Competitive scenario
- 8.9.3.4. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
- 8.9.4. UAE
- 8.9.4.1. Key country dynamics
- 8.9.4.2. Regulatory framework/ Reimbursement
- 8.9.4.3. Competitive scenario
- 8.9.4.4. UAE market estimates and forecasts 2018 to 2030 (USD Million)
- 8.9.5. Kuwait
- 8.9.5.1. Key country dynamics
- 8.9.5.2. Regulatory framework
- 8.9.5.3. Competitive scenario
- 8.9.5.4. Kuwait market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company/Competition Categorization
- 9.3. Key Company Market Position Analysis, 2023
- 9.4. Company Profiles
- 9.4.1. Stryker
- 9.4.1.1. Company overview
- 9.4.1.2. Financial performance
- 9.4.1.3. Others benchmarking
- 9.4.1.4. Strategic initiatives
- 9.4.2. CONMED Corporation
- 9.4.2.1. Company overview
- 9.4.2.2. Financial performance
- 9.4.2.3. Others benchmarking
- 9.4.2.4. Strategic initiatives
- 9.4.3. Medtronic
- 9.4.3.1. Company overview
- 9.4.3.2. Financial performance
- 9.4.3.3. Others benchmarking
- 9.4.3.4. Strategic initiatives
- 9.4.4. DepuySynthes (Johnson & Johnson MedTech)
- 9.4.4.1. Company overview
- 9.4.4.2. Financial performance
- 9.4.4.3. Others benchmarking
- 9.4.4.4. Strategic initiatives
- 9.4.5. B. Braun SE
- 9.4.5.1. Company overview
- 9.4.5.2. Financial performance
- 9.4.5.3. Others benchmarking
- 9.4.5.4. Strategic initiatives
- 9.4.6. Zimmer Biomet
- 9.4.6.1. Company overview
- 9.4.6.2. Financial performance
- 9.4.6.3. Others benchmarking
- 9.4.6.4. Strategic initiatives
- 9.4.7. NSK / Nakanishi inc.
- 9.4.7.1. Company overview
- 9.4.7.2. Financial performance
- 9.4.7.3. Others benchmarking
- 9.4.7.4. Strategic initiatives
- 9.4.8. Shanghai Bojin Medical Instrument Co.,Ltd
- 9.4.8.1. Company overview
- 9.4.8.2. Financial performance
- 9.4.8.3. Others benchmarking
- 9.4.8.4. Strategic initiatives
- 9.4.9. Richard Wolf GmbH
- 9.4.9.1. Company overview
- 9.4.9.2. Financial performance
- 9.4.9.3. Others benchmarking
- 9.4.9.4. Strategic initiatives
- 9.4.10. Arthrex, Inc.
- 9.4.10.1. Company overview
- 9.4.10.2. Financial performance
- 9.4.10.3. Others benchmarking
- 9.4.10.4. Strategic initiatives
- 9.4.11. Kaiser Medical Technology Ltd
- 9.4.11.1. Company overview
- 9.4.11.2. Financial performance
- 9.4.11.3. Others benchmarking
- 9.4.11.4. Strategic initiatives