Orthopedic Power Tools and Consumables Market Size by Segments, Share, Regulatory, Reimbursement, Procedures, Installed Base and Forecast to 2033
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Orthopedic Power Tools and Consumables Market Report Overview
The Orthopedic Power Tools and Consumables market size was $1.26 Billion in 2023. The market is expected to grow at a CAGR of more than 2% during 2023-2033. Orthopedic Power Tools are devices that are used for cutting and drilling bones during surgeries and in other medical treatments. Orthopedic Power Tools require the use of consumables such as replacement blades, burs, batteries, and others, during the treatment and surgical procedures.
Orthopedic Power Tools and Consumables Market Outlook, 2023-2033 ($ Billion)
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The Orthopedic Power Tools and Consumables market research report explains the market behavior, which will help identify quantitative market trends within the Orthopedic Devices therapeutic area. The model discusses in detail the impact of COVID-19 on the Orthopedic Power Tools and Consumables market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.
Market Size (2023) | $1.26 Billion |
CAGR (2023-2033) | >2% |
Forecast Period | 2023-2033 |
Historical Period | 2015-2022 |
Key Regions | · North America
· Europe · Asia Pacific · South America · Middle East and Africa |
Key Segments | · Consumables
· Power Tools |
Leading Companies | · Stryker Corp
· DePuy Synthes Inc · Medtronic Plc · Arthrex Inc · ConMed Corp |
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Orthopedic Power Tools and Consumables Market Dynamics
The Orthopedic Power Tools and Consumables market is primarily driven by the increasing incidence of orthopedic injuries and trauma, standardizations of operating room supplies, and growing elderly populations. Growth in this market is slow due to the maturity of the market, although the small bone power tools segment continues to experience the highest growth rate.
Orthopedic Power Tools and Consumables Market Segments
The Orthopedic Power Tools and Consumables market can be segmented into consumables and power tools. Orthopedic power tools include large bone power tools, small bone power tools, and high-speed power tools. While consumables are classified into large bone power tool consumables, small bone power tool consumables, and high-speed power tool consumables.
In 2023, the consumables segment had the largest market share. Consumables are the replaceable attachments used by an orthopedic power tool system during its lifespan. It includes replaceable saw blades, replaceable burs, K-wires, rasps, Steinmann pins, disposable twist drills, and disposable cannulas.
Orthopedic Power Tools and Consumables Market Analysis by Segments, 2023 (%)
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Orthopedic Power Tools and Consumables Market Segmentation by Regions
The key regions in the Orthopedic Power Tools and Consumables market are North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America dominated the market in 2023. The growth is attributed to the rising geriatric population, better access to healthcare, and an increasing patient pool of bone fracture and Anterior cruciate ligament (ACL) injury. The US and Canada both have large elderly populations, which not only boosts the size of the current Orthopedic Power Tools and Consumables market but also provides strong potential for growth.
Orthopedic Power Tools and Consumables Market Analysis by Regions, 2023 (%)
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Orthopedic Power Tools and Consumables Market - Competitive Landscape
A few of the leading companies in the Orthopedic Power Tools and Consumables market are:
- Stryker Corp
- DePuy Synthes Inc
- Medtronic Plc
- Arthrex Inc
- ConMed Corp
Stryker Corp was leading in the Orthopedic Power Tools and Consumables market in 2023. It was followed by Arthrex Inc.
Orthopedic Power Tools and Consumables Market Analysis by Companies, 2023 (%)
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Segments Covered in the Report
Orthopedic Power Tools and Consumables Segments Outlook (Value, $ Billion, 2015-2033)
- Consumables
- Power tools
Orthopedic Power Tools and Consumables Regional Outlook (Value, $ Billion, 2015-2033)
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Key Inclusions
Key Inclusions of the market model are:
Currently marketed Orthopedic Power Tools and Consumables devices and evolving competitive landscape:
– Insightful review of the key industry trends.
– Annualized total Orthopedic Power Tools and Consumables devices market revenue by segment and market outlooks from 2015-2033.
– Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
– Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
– SWOT analysis for the Orthopedic Power Tools and Consumables market.
– Competitive dynamics insights and trends provided for the Orthopedic Power Tools and Consumables market.
Understand the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
– Country-specific overview of the healthcare system.
– Country-specific reimbursement policies.
– Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Stryker Corp, DePuy Synthes Inc, Medtronic Plc, Arthrex Inc, ConMed Corp, Zimmer Biomet Holdings Inc, De Soutter Medical Ltd, B. Braun Melsungen AG, and Others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total Orthopedic Power Tools and Consumables market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Orthopedic Power Tools and Consumables market.
- Competitive dynamics insights and trends provided for the Orthopedic Power Tools and Consumables market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on the Orthopedic Power Tools and Consumables market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the Orthopedic Power Tools and Consumables market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies that are likely to impact the Orthopedic Power Tools and Consumables market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific Orthopedic Power Tools and Consumables market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
DePuy Synthes Inc
Medtronic Plc
Arthrex Inc
ConMed Corp
Zimmer Biomet Holdings Inc
De Soutter Medical Ltd
B. Braun Melsungen AG
Others
Frequently asked questions
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What was the Orthopedic Power Tools and Consumables market size in 2023?
The Orthopedic Power Tools and Consumables market size was valued at $1.26 Billion in 2023.
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What will the Orthopedic Power Tools and Consumables market growth rate be during the forecast period?
The Orthopedic Power Tools and Consumables market is expected to grow at a CAGR of more than 2% during 2023-2033.
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Which segment had the largest share of the Orthopedic Power Tools and Consumables market in 2023?
The consumables segment led the market in 2023.
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Which region had the largest share of the Orthopedic Power Tools and Consumables market in 2023?
North America had the largest Orthopedic Power Tools and Consumables market share in 2023.
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Which are the major players operating in the Orthopedic Power Tools and Consumables market?
A few of the leading companies in the Orthopedic Power Tools and Consumables market are Stryker Corp, DePuy Synthes Inc., Medtronic Plc, Arthrex Inc., and ConMed Corp. among others.
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