Press Release   -

Orthopedic Power Tools Market Size to Reach USD 2.67 Bn by 2032

According to analysts at Vantage Market Research, the Global Orthopedic Power Tools Market size is worth USD 1.75 Billion in 2023 and is projected to reach USD 2.67 Billion by 2032, growing at a CAGR (Compound Annual Growth Rate) of 3.95% from 2024 to 2032. Key trends of market include increasing adoption of battery-powered tools, advancements in minimally invasive surgical devices, and growing demand for robotic-assisted procedures.

Market Overview

The incidence of orthopedic disorders, including osteoarthritis and osteoporosis, is steadily increasing. For instance, data published by the WHO in July 2023 revealed that approximately 528 million people worldwide are affected by osteoarthritis marking a 113% rise in cases since 1990. The growing prevalence of these diseases, combined with the rising number of knee replacement surgeries, is significantly contributing to the growth of the orthopedic power tools market. Additionally, the number of trauma cases, particularly road accidents, has risen sharply, especially in emerging countries. Manufacturers are increasingly investing in research and development to introduce innovative devices into the market.

The introduction of disposable and battery-operated devices has helped address ergonomic and clinical challenges that were previously faced with traditional power tools. Battery-operated devices have eliminated the hassle of power cables and cords, offering greater mobility for surgeons. Meanwhile, disposable tools have removed the need for sterilization, reducing overall costs for healthcare facilities. These innovative advancements are driving increased demand for orthopedic power tools in the global market.

DePuy Synthes Introduces VELYS Robotic-Assisted Solution for Total Knee Replacement in Europe

• In October 2023, DePuy Synthes unveiled the VELYS Robotic-Assisted Solution for total knee replacement across Europe. Designed to optimize procedural efficiency and consistency, this system features an intuitive interface and a streamlined workflow. It eliminates the need for expensive pre-operative CT scans, enhancing patient outcomes while minimizing resource demands

Key Takeaways from the Report

• In 2024, North America dominated the market with 48.7% market share. Market is driven by the growing preference for minimally invasive surgeries, prompting the development of advanced tools that enhance surgical precision and efficiency
• Based on the Product, the Large Bone Orthopedic Power Tools category accounted for significant market share of 30.1%.  The segment is attributed to the growing prevalence of orthopedic disorders, accidents, and sports injuries
• Based on the Technology, the Battery-powered Systems category accounted for significant market share of 38.5%. Market is driven by the growing demand from healthcare providers for cordless, portable, and user-friendly orthopedic tools
• In 2024, by End-Use, Hospitals dominated the market with significant market share of 64.5%. Hospitals are the primary users of orthopedic power tools, as they conduct a large number of orthopedic surgeries and procedures daily

Top Companies

• B. Braun SE
• Zimmer Biomet
• NSK / Nakanishi inc.
• Stryker Corporation
• CONMED Corporation
• Medtronic
• DepuySynthes (Johnson & Johnson MedTech)
• Shanghai Bojin Medical Instrument Co.Ltd
• Richard Wolf GmbH
• Kaiser Medical Technology Ltd
• Arthrex Inc.

Report Coverage

Our market research reports provide comprehensive insights that are essential for strategic decision-making. We cover all key aspects of the market, including dynamics such as drivers, restraints, opportunities, and challenges, alongside the latest industry trends. Our analysis includes an in-depth technology roadmap, product life cycle evaluation, and PESTLE analysis, ensuring a thorough understanding of the market environment. We also assess GDP growth outlooks, examine regional market landscapes, and evaluate the impact of major events like the COVID-19 pandemic. Additionally, our reports feature a detailed competitive landscape, including company market shares and profiles, providing actionable intelligence to empower your business strategies.

Latest News

Arthrex Launches NanoExperience.com to Promote Awareness of Nano Arthroscopy

• In January 2024, Arthrex introduced NanoExperience.com, an online platform dedicated to educating the public about Nano arthroscopy. This minimally invasive orthopedic procedure leverages advanced nanotechnology to enable smaller incisions and promote quicker recovery compared to traditional methods. The platform serves as a resource hub for learning about this cutting-edge surgical technique

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.