ORTHOPEDIC POWER TOOLS MARKET ANALYSIS

Orthopedic Power Tools Market, by Product Type (Large Bone Orthopedic Power tools, Small Bone Orthopedic Power tools, High Speed Bone Orthopedic Power tools, Orthopedic Reamers), by Technology (Electric Powered Systems, Battery Operated Powered Systems, Pneumatic Powered System), by End User (Orthopedic Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Dec 2022
Code : CMI1161
Pages :175
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

Global Orthopedic Power Tools Market - Drivers

The increasing incidence of spinal injuries is one of the factors that is expected to drive the market growth during the forecast period. For instance, according to the report published by the National Spinal Cord Injury Statistical Center in 2020, incidence of spinal cord injury is approximately 54 cases per one million people in the U.S.

Moreover, increasing number of product launches and regulatory approvals for orthopedic power tools are expected to propel the market growth during the forecast period. For instance, in September 2020, Medtronic Private Limited, launched Sonicision curved jaw cordless ultrasonic dissection system, which provides health care professionals with greater precision and convenience during orthopedic surgeries.

Global Orthopedic Power Tools Market: Restraint

The major factors that hinder growth of the global orthopedic power tools market include high cost of surgical procedures in the hospitals. For instance, in October 2022, a paper was published by National Library of Medicine, according to which, procedures performed at ambulatory surgery centers were found to be significantly less costly than those performed at hospitals.

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