Orthopedic Power Tools Market Growth, Trends, Absolute Opportunity and Value Chain 2015-2025
Orthopedic is the branch of medicine that deals with the prevention or correction of injuries or disorders of the skeletal system and associated muscles, joints and ligaments.
Orthopedic power tools are electrically operated devices, which are used by surgeons to drill holes through the bones to fix implants during orthopedic surgeries. These tools are to facilitate surgeons to perform surgeries on a faster pace and with more precision.
Osteoporosis is a major health problem, especially in elderly population, and is associated with fragility fractures at the hip, spine, and wrist. Hip fractures contributes to both morbidity and mortality in the elderly. The demographics of world population are set to change, with more elderly living in developing countries, and it has been estimated that by 2050 half of hip fractures occur in Asia, that will drive the growth of this market.
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Orthopedic Power Tools Market: Drivers and Restraints
Presently, orthopedic power tools global market is drives by the aging population, increasing orthopedic procedures volume, operating room supply standardization.
Orthopedic power tools global market is drives by the technological advancement, rise in aging population around the globe, increasing orthopedic procedures volume, operating room supply standardization, rising competition forces businesses to innovate. However, hospital consolidation and cost-containment pressures, reimbursement policies and medical devices excise tax act as a barrier for this market.
Orthopedic Power Tools Market: Segmentation
Orthopedic power tools global market is segmented into following types:
Large Bone Orthopedic Power Tools
Small Bone Orthopedic Power Tools
High-Speed Orthopedic Power Tools
Orthopedic Reamers
Orthopedic Power Tools market is further segmented into the following types by technology.
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Pneumatic-Powered Systems
Electric-Powered Systems
Battery Operated-Powered Systems
Orthopedic Power Tools Market: Overview
With rapid technological advancement and increasing orthopedic procedures volume, the orthopedic power tools global market is expected to have a healthy growth rate in the forecast period (2012-2025).
Orthopedic Power Tools Market: Region-wise Outlook
Depending on geographic region, global orthopedic power tools market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
Due to rise in orthopedic and spinal procedures in the past few years, North America is the largest market for orthopedic power tools in terms of both sales units and market revenue.
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Orthopedic Power Tools Market: Key Players
Some of key participating players in orthopedic power tools global market are Stryker Inc., Zimmer Holdings Inc., Misonix Inc., Aesculap, Arthrex, Brasseler USA, ConMed Corporation, DePuy Synthes, Medtronic and others.