"Global sales of orthopedic power tools are estimated to reach approximately US$ 2,500 Million in revenues by 2026-end"
"The rising amputations surgeries performed every day is aiding the enhanced need for orthopedic surgeons and in turn orthopedic power tools market," says a Fact.MR analyst
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The global orthopedic power tools market accounted for ~1% of the global surgical instruments market in 2021. The global orthopedic power tools market is estimated to have an absolute $ opportunity of USD 1.3 Billion during the forecast years of 2022-2032.
Recent increase in the global geriatric population has led toward a rise in incidences of orthopedic diseases, which require surgical intervention, thereby fuelling demand for orthopedic power tools. The advent of modern electronic technologies including power-assisted, robotic, and minimally invasive orthopedic surgery equipment have further escalated adoption of orthopedic power tools. Prominent manufacturers have therefore been actively engaging in aspects of orthopedic power tools’ safety and ergonomics, in a bid to develop a range of power-assisted equipment tailored to the precision of the procedure’s nature, while addressing efficacy and safety of surgeons.
Leading companies in the market are frequently launching innovative and advanced technology-based orthopedic power tools, which has created entrance barriers for new market players. An extremely competitive scenario is being observed in the market, compelling well-established players to enhance their efforts for retaining their position.
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6 Key Takeaways from Fact.MR’s Report on Orthopedic Power Tools Market for Forecast Period 2017-2026
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Competitive Landscape: Top Companies in Orthopedic Power Tools Market
The global orthopedic power tools market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced orthopedic power tools.
Global Orthopedic Power Tools Market by Category
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the orthopedic power tools market, presenting historical demand data (2017-2019) and forecast statistics for the period of 2023-2032.
The study divulges essential insights on the orthopedic power tools market on the basis of nature of waste (non-hazardous waste, hazardous waste), waste type (sharps, infectious & pathological waste, radioactive waste, pharmaceutical waste, non-infectious waste), waste generator type (large quantity waste generators, mid & small quantity waste generators), and service (on-site services, off-site services), across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Fact.MR’s Domain Knowledge in Healthcare
Our healthcare consulting team guides organizations at each step of their business strategy by helping you transformation in the healthcare sector. Our expertise in recognizing the challenges and trends understand how the latest influencers account for operational and strategic impacting the global healthcare industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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