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Orthopedics is a branch of medicine which focuses on the diagnosis, correction, prevention, and treatment of patients with musculoskeletal deformities such as disorders of bones, joints, ligaments, nerves, tendons, and skin. Power tools are an integral part of modern orthopedic surgery. Orthopedic power instruments and accessories are used to perform many functions such as cut, dissect bone and to fragment, emulsify and aspirate soft tissues. These methods can be used in any type of procedures such as the spine, ear nose, and throat surgeries, neurosurgeries, injuries occurred at the time of sports and others.
Exponentially increasing orthopedic surgical procedures coupled with increased technology adoption is prominently expected to drive the growth of the global orthopedic power tools market during the forecast period. Moreover, growing demand for minimally invasive surgeries and increasing prevalence of neurological and spinal diseases are some of the major factors which are projected to contribute for the growth of the global orthopedic power tools market by 2026.
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Certain factors such as lack of favorable reimbursement policies and lack of infrastructure in emerging nations are projected to restrain the growth of the global orthopedic power tools market during the forecast period.
Some of the major companies that are present in the orthopedic power tool market are CONMED Corporation, Medtronic, Stryker, Arthrex, Inc., Zimmer Biomet, Misonix, Aesculap, adeor medical AG, MedicMicro, OsteoMed, Brasseler USA, Stars Medical and others.
· Small-Bone Orthopedic Power Tools
· Large-Bone Orthopedic Power Tools
· Pneumatic-Powered Systems
· Electric-Powered Systems
· Battery-Operated Systems
By End User
· Orthopedic Clinics
· Ambulatory Surgery Centres
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Among the segmentation, pneumatic-powered systems are expected to hold a significant share of the global orthopedic power tools market owing to its higher efficiency in orthopedic surgical procedures.
North America is expected to account for the significant share in the global orthopedic power tools market, owing to increasing geriatric population, growing demand for minimally invasive procedures, and a rising number of orthopedic surgical procedures. Asia-Pacific and Latin America regions are expected to register comparatively higher CAGR over the forecast period, owing to growing awareness of advanced products and treatments for skeletal deformities in emerging countries, and an increasing number of orthopedic patients. Adoption of advanced techniques for treatment of orthopedic disorders is projected to propel in the use of the orthopedic power tools in the Asia Pacific and Latin America are expected to further increase the growth in global orthopedic power tools market during the forecast period.
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