In 2021, the global orthopedic power tools market accounted for about 1% of the global surgical instruments market. Between 2022 and 2032, the global orthopedic power tools market is anticipated to generate an absolute dollar potential of USD 1.3 billion.
The need for orthopedic power instruments has increased as a result of the recent rise in the number of elderly people worldwide, which has led to a rise in the prevalence of orthopedic conditions requiring surgery. The use of orthopedic power tools has expanded since the advent of modern electronic technologies, such as robotic, power-assisted, and minimally invasive orthopedic surgery equipment. As a result, prominent manufacturers have been actively engaged in areas of orthopedic power tool safety and ergonomics, in an effort to provide a range of power-assisted equipment customized to the precision of the procedure's nature, while also addressing surgeon efficacy and safety.
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Orthopedic Power Tools Market: Growth Trends and Key Insights
The orthopedic power tools market is projected to surpass USD 3.5 billion by 2032, expanding at a CAGR of 4.8%. This growth is driven by the rising prevalence of orthopedic conditions and an increasing demand for minimally invasive surgeries. Bone doctors and orthopedic surgeons are turning to advanced power tools that allow for greater precision, smaller incisions, and faster patient recovery. The adoption of robotic-assisted surgery is a major contributor to market expansion, improving surgical accuracy and reducing procedure times. Robotic systems with multiple arms can simultaneously manage different surgical instruments, enhancing operational efficiency. This shift is expected to add 195 BPS to market growth.
The surge in geriatric populations and the rising number of traumatic injuries are increasing the need for orthopedic interventions. Bone doctors are witnessing higher patient volumes, fueling the demand for large bone power tools used in hip and knee replacements and fracture repair surgeries. This segment holds the largest market share at 37.8% and is projected to grow at a CAGR of 5.2%. Additionally, single-use orthopedic power tools are gaining traction, accounting for over 53% of the market, driven by their cost-effectiveness and reduced risk of surgical infections.
Regionally, North America leads with a 24.8% share, attributed to robust healthcare infrastructure and technological advancements. Europe follows closely, while East Asia and South Asia together contribute nearly 39% of the market, reflecting rapid adoption of orthopedic procedures in emerging economies.
Key market players are focusing on innovation to strengthen their portfolios. For example, Medtronic launched the Sonicision Curved Jaw Cordless Ultrasonic Dissection System to enhance precision in orthopedic surgeries. Similarly, Zimmer Biomet's acquisition of A&E Medical expanded its offerings in sternal closure devices. These strategic moves create significant competition and barriers for new entrants, positioning major players at the forefront of orthopedic power tools development.
As bone doctors increasingly rely on power-assisted tools, the market is expected to witness continued growth, driven by technological advancements, evolving surgical techniques, and the global rise in orthopedic procedures.
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