Orthopedic Power Tools Market is projected to reach US$ 3.5 billion by 2032

The global Orthopedic Power Tools market is estimated to be worth US$ 2.1 billion in 2021 and to grow at a CAGR of 4.8% to reach US$ 3.5 billion by 2032.

Orthopedic Power Tools are primarily used for the treatment of disorders that occur at birth, such as those associated with the musculoskeletal systems, which include bones, ligaments, cartilage, connective tissues, and tendon, and aid in ignoring injuries caused by physical harm, thereby providing an orthopedic support system. Orthopedic tools and devices are electrically operated instruments that aid in the execution of surgical procedures in less time and with greater accuracy, such as implant fixation and puncturing in surgeries.

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Advent of Telehealth and Virtual Care to Create Tailwind for the Orthopedic Power Tools Market Growth

Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.

During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.

Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Orthopedic Power Tools market.

Key Orthopedic Power Tools Market Takeaways and Projections

• The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
• Germany Orthopedic Power Tools market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
• China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
• India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.

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Report Benefits & Key Questions Answered

• Orthopedic Power Tools Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Orthopedic Power Tools market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
• Orthopedic Power Tools Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Orthopedic Power Tools market. As per the survey, Orthopedic Power Tools sales will project steady growth over the forecast period.
• Orthopedic Power Tools Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Orthopedic Power Tools market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
• Orthopedic Power Tools Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.

Competitive Landscape Analysis

The latest study conducted by FMI provides in-depth insights into the global Orthopedic Power Tools market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Orthopedic Power Tools market.

Some of the prominent market players are profiled by FMI are:

• Misonix
• DePuy Synthes
• Medtronic Plc
• ConMed Corporation
• B. Braun Melsungen AG
• Zimmer Biomet
• Johnson & Johnson
• Stryker Corporation
• De Soutter Medical
• AlloTech Co. Ltd

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Key Segments Covered in the Orthopedic Power Tools Industry Survey

By Product:

• Small Bone Orthopedic Power Tools
• Large Bone Orthopedic Power Tools
• High-Speed Orthopedic Power Tools

By Modality:

• Single Use Orthopedic Power Tools
• Reusable Power Orthopedic Tools

By Technology:

• Pneumatic-powered Systems
• Electric-powered Systems
• Battery-powered Systems

By End User:

• Hospitals
• Ambulatory Surgical Centers
• Orthopedic Clinics

 Region

• North America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa