Orthopedic Power Tools Market with business strategies and analysis to 2028.
The Global Orthopedic Power Tools Market is expected to grow at a CAGR of 5.90% during the forecasting period (2021-2028).
(EMAILWIRE.COM, October 28, 2021 )
Market Overview
Orthopedic power tools are used by orthopedic surgeons during orthopedic surgeries to cut, shape, drill, ream, dissection, etc., orthopedic surgeons use these tools to insert implants into the bones during orthopedic injuries. These tools are used to treat trauma, spine diseases, sports injuries, and many others.
View full report: https://bit.ly/3BgNqlG
Market Drivers
Significant factors for the growth of global orthopedic power tools market is the increase in the number of orthopedic surgeries which are mostly by osteoporosis and orthopedic injuries and all other recent developments in the technology.
In 2014, According to the International Osteoporosis Foundation, 200 million people had osteoporosis globally.
Osteoporosis and orthopedic surgeries are expected to raise the demand for orthopedic power tools over the forecast period.
In 2011, according to Beckers Ambulatory Surgical Centre Review, in 2011, around 5.3 million orthopedic surgeries were performed, and the number was projected to reach 6.6 million by 2020.
According to AJRR (American Joint replacement registry), there were around 4lakh cumulative surgical procedures increase in between 2012 and 2016.
Annually around 7lakh replacement surgeries are performed in the US; this count is estimated to increase to around 3millions by 2030, whereas coming to the case of hip replacement surgeries from 2010 to 2015 the number was increased from 3lakhs to 6lakhs in approximation.
Market Restraints
According to Epidemiology of Surgical Site Infection, it was estimated that one out of 24 patients undergoing inpatient surgery in the U.S. suffer from post-operative surgical site infection.
Moreover, according to the Massachusetts Medical Device Industry Council, increase in tax by 2.3% has led 43.5% medical devices manufacturers to adjust their operations through a reduction in R&D investments, lowering production costs, and reducing employee headcount.
Market Segmentation
By Product Type
Large bone orthopedic power tools
Small bone orthopedic power tools
High speed orthopedic power tools
Orthopedic reamers
4.2. By End Users
Hospitals
Orthopedic clinics
Ambulatory surgical centers
Others
By Technology
Pneumatic powered systems
Battery-operated systems
Electric powered systems
Download free sample: https://bit.ly/3EssytL
Competitive Trends
Some of the key players in the global orthopedic power tools market are ConMed Corporation, Zimmer, Medtronic, Stryker Inc., and others.
In May 2018 DePuy Synthes announced the acquisition of Orthodoxy, a privately-held developer of software-enabled surgery for total and partial knee replacement.
In March 2017, Stryker Corporation launched various instruments under the brand name System 8 orthopedic power tool, which includes System 8 SABO sagittal saw and System 8 cordless drivers these devices are more efficient and accurate.
In 2016, Stryker has offered various orthopedic power tools which include System 7 massive bone power tool, System 7 precision saw, System 6 massive bone power tool, RemB small bone power tool, core small bone power tool, and CORE Console small bone power tool.
In 2015, Medtronic launched Midas Rex MR7 high-speed pneumatic drills, Midas Rex Legend EHS stylus high-speed surgical drill, and Midas REX Spine shaver nucleus removal set.
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Market Overview
Orthopedic power tools are used by orthopedic surgeons during orthopedic surgeries to cut, shape, drill, ream, dissection, etc., orthopedic surgeons use these tools to insert implants into the bones during orthopedic injuries. These tools are used to treat trauma, spine diseases, sports injuries, and many others.
View full report: https://bit.ly/3BgNqlG
Market Drivers
Significant factors for the growth of global orthopedic power tools market is the increase in the number of orthopedic surgeries which are mostly by osteoporosis and orthopedic injuries and all other recent developments in the technology.
In 2014, According to the International Osteoporosis Foundation, 200 million people had osteoporosis globally.
Osteoporosis and orthopedic surgeries are expected to raise the demand for orthopedic power tools over the forecast period.
In 2011, according to Beckers Ambulatory Surgical Centre Review, in 2011, around 5.3 million orthopedic surgeries were performed, and the number was projected to reach 6.6 million by 2020.
According to AJRR (American Joint replacement registry), there were around 4lakh cumulative surgical procedures increase in between 2012 and 2016.
Annually around 7lakh replacement surgeries are performed in the US; this count is estimated to increase to around 3millions by 2030, whereas coming to the case of hip replacement surgeries from 2010 to 2015 the number was increased from 3lakhs to 6lakhs in approximation.
Market Restraints
According to Epidemiology of Surgical Site Infection, it was estimated that one out of 24 patients undergoing inpatient surgery in the U.S. suffer from post-operative surgical site infection.
Moreover, according to the Massachusetts Medical Device Industry Council, increase in tax by 2.3% has led 43.5% medical devices manufacturers to adjust their operations through a reduction in R&D investments, lowering production costs, and reducing employee headcount.
Market Segmentation
By Product Type
Large bone orthopedic power tools
Small bone orthopedic power tools
High speed orthopedic power tools
Orthopedic reamers
4.2. By End Users
Hospitals
Orthopedic clinics
Ambulatory surgical centers
Others
By Technology
Pneumatic powered systems
Battery-operated systems
Electric powered systems
Download free sample: https://bit.ly/3EssytL
Competitive Trends
Some of the key players in the global orthopedic power tools market are ConMed Corporation, Zimmer, Medtronic, Stryker Inc., and others.
In May 2018 DePuy Synthes announced the acquisition of Orthodoxy, a privately-held developer of software-enabled surgery for total and partial knee replacement.
In March 2017, Stryker Corporation launched various instruments under the brand name System 8 orthopedic power tool, which includes System 8 SABO sagittal saw and System 8 cordless drivers these devices are more efficient and accurate.
In 2016, Stryker has offered various orthopedic power tools which include System 7 massive bone power tool, System 7 precision saw, System 6 massive bone power tool, RemB small bone power tool, core small bone power tool, and CORE Console small bone power tool.
In 2015, Medtronic launched Midas Rex MR7 high-speed pneumatic drills, Midas Rex Legend EHS stylus high-speed surgical drill, and Midas REX Spine shaver nucleus removal set.
Trending Topics, Phytopathological Disease Diagnostics Market, Drugs-of-abuse Testing Products Market, Fecal Occult Testing Products Market, Cholesterol Testing Products Market, Nutrigenomics Testing Market
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
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DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results