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Orthopedic Power Devices Market

Global Orthopedic Power Devices Market is expected to foresee significant growth. North America to lead the growth!

Global orthopedic power devices market is expected to register a CAGR of around 4% over the period of 2021-2027. The global orthopedic power devices market is anticipated to witness an uptick owing to the increasing volume of orthopedic procedures, rise in the aging population, technological advancement, and increase in injuries from accidents and sports-related injuries. For instance, the number of road traffic deaths continues to rise steadily, from 1.15 million in 2000 to 1.35 million in 2018. Also, amongst the 56.9 million deaths worldwide, road traffic injuries account for about 2.37% and are the eighth cause of global death. This is presenting a large patient pool that would require treatment or surgery. Furthermore, many of the major industry players are focusing on increasing the research & development for introducing new and advanced orthopedic power devices which is also positively impacting the market growth. 

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Based on type, the orthopedic power devices market is segmented into large bone powered devices and small-bone powered devices. The large bone powered devices segment accounted for the largest market share in 2020 and it is estimated that it will exhibit a significant CAGR during the forecast period owing to factors, such as the rise in the incidences of accidents, sports injuries, and orthopedic diseases. Furthermore, the growth in advancement in technology and frequent product launch in the market is also contributing to the growth of the segment.

Based on the product type, the orthopedic power devices market is segmented into drills, saws, reamers, and others. The drills segment occupied a substantial share of the orthopedic power devices market in 2020 and it is expected to grow considerably in the upcoming years owing to the growing number of orthopedic surgeries and the increasing launch and approvals of new & advanced products in the market.

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For a better understanding of the market adoption of the orthopedic power devices industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the orthopedic power devices industry and generated major revenue in 2020 owing to growing healthcare expenditure and an increase in the aging population in the region.

Some of the major players operating in the market include Stryker Corporation, Medtronic PLC, CONMED Corporation, Zimmer Biomet, DePuy Synthes, Brasseler USA, De Soutter Medical, Smith & Nephew PLC, MicroAire Surgical Instruments, Arthrex Inc.,

Global Orthopedic Power Devices Market Segmentation

Market Insight, by Type

  • Large Bone Powered Devices
  • Small-Bone Powered Devices

Market Insight, by Product Type

  • Drills
  • Saws
  • Reamers
  • Others

Market Insight, by Power Source

  • Pneumatic
  • Battery-Powered
  • Electric

Market Insight, by End-Users

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Market Insight, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Rest of World

Top Company Profiles

  • Stryker Corporation
  • Medtronic PLC
  • CONMED Corporation
  • Zimmer Biomet
  • DePuy Synthes
  • Brasseler USA
  • De Soutter Medical
  • Smith & Nephew PLC
  • MicroAire Surgical Instruments
  • Arthrex Inc

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