Orthopedic Power Tool Market Size, Share, Opportunities, And Trends By Type (Large Bone Orthopedic Power Tools, Small Bone Orthopedic Power Tools, High-Speed Orthopedic Power Tools, Orthopedic Reamers), By Technology (Pneumatic-powered Device, Electric-powered Device, Battery-powered Device), By Usage (Reusable, Disposable (Single Use)), By End-user (Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics), And By Geography - Forecasts From 2024 To 2029

The orthopedic power tool market is expected to witness significant growth during the forecasted period.

A broad variety of surgical equipment and devices used in orthopedic surgeries, including joint replacement, fracture fixation, and spinal surgery, are included in the orthopedic power tool market. These power instruments, which are intended to improve accuracy, effectiveness, and safety during surgical procedures, include screwdrivers, saws, reamers, and drills, among others. The market is driven by several factors, including the growing elderly population, the prevalence of orthopedic disorders, and technical developments in surgical procedures and equipment.

Technological developments like the creation of battery-operated, minimally invasive orthopedic power instruments support the market expansion. Further driving market expansion is the increasing use of robotic-assisted orthopedic surgery. The demand for better surgical outcomes and ongoing innovation are projected to fuel the growth of the orthopedic power tool market globally.

Market Drivers 

• Increasing technological advancements are anticipated to boost the orthopedic power tool market.

The market for orthopedic power tools is primarily driven by technological improvements, which are transforming surgical techniques and patient outcomes. Innovations such as improved materials, ergonomic designs, and precision control mechanisms enhance the efficiency, safety, and accuracy of orthopedic surgery. Additionally, surgeons may now do minimally invasive treatments with more control and precision because of the incorporation of robotics and navigation systems into power instruments.

Moreover, advancements in wireless connectivity and battery technology enhance portability and use, enabling smooth incorporation into surgical operations. In general, orthopedic power tools are always improving due to technological breakthroughs, which makes them essential tools in contemporary orthopedic surgery.

For example, Grand River Hospital started research in September 2022 to assess how intraoperative technology is used for patients having hip replacement surgery. One million dollars has been invested in this study by the Ontario government. Innovative technology called intraoperative navigation tools aims to improve the accuracy of hip implants, potentially reducing the risk of hip dislocations after surgery and hastening patient recuperation. To support hip implant alignment during surgery without compromising surgical time, the gadget delivers real-time measurements. The intraoperative instrument utilized in this investigation is called Intellijoint HIP, and it was created by the nearby business Intellijoint Surgical.

• Increasing orthopedic illness is expected to boost the orthopedic power tool market.

One major factor propelling the orthopedic power tool market is the increasing incidence of orthopedic illnesses. With aging populations and sedentary lifestyles, conditions like osteoarthritis, fractures, and degenerative disc disorders are becoming more prevalent. The need for sophisticated power tools to enable accurate and effective surgeries is rising as more people need surgical procedures to treat various orthopedic problems.

With the use of orthopedic power tools, surgeons may more precisely and quickly complete treatments, including spinal surgeries, joint replacements, and fracture fixations, satisfying the growing demand for orthopedic care and improving patient outcomes. In August 2021, DynaMedic introduced its flagship electric handpiece device, an efficient bone power instrument. Therefore, the introduction of technologically improved products is anticipated to drive the orthopedic power tools market over the forecast period due to the rising incidence of accidents and injuries.

• The aging population is anticipated to boost the orthopedic power tool market.

Another major factor driving the orthopedic power tool market is the elderly population. Orthopedic diseases such as osteoarthritis, fractures, and degenerative spine disorders are more common in older adults. Orthopedic procedures are becoming more and more necessary to treat these diseases and enhance mobility and quality of life as the aging population grows.

To properly and efficiently execute these surgeries and meet the unique demands of elderly patients, orthopedic power tools are essential. Consequently, the market for orthopedic power tools is being driven by the aging population, which supports the provision of efficient orthopedic care to fulfill the healthcare requirements of senior citizens.

In addition, because of osteopenia, osteoporosis, and alterations in bone quality brought on by aging, the incidence of orthopedic disorders such as osteoarthritis, fractures, and degenerative disc diseases also increases with the aging population. For example, the World Health Organization (WHO) issued figures in October 2022 that by the end of 2030, about 1 in 6 individuals worldwide will be 60 years of age or older. According to the same source, by 2050, there will be 2.1 billion people in the world who are 60 years of age or older. Because of this, it is anticipated that demand for orthopedic procedures will soar as an older population seeks greater mobility and a higher quality of life.

Asia Pacific region is expected to grow significantly

The orthopedic power tool market is expanding significantly in the Asia-Pacific area for several reasons. The need for orthopedic procedures and related instruments is being driven by a growing aging population, rapid urbanization, and rising healthcare costs. Additionally, improvements in the healthcare system and growing public knowledge of orthopedic treatments support market growth.

Further driving market expansion are technological developments in orthopedic power tools and partnerships between healthcare institutions. The Asia-Pacific orthopedic power tool market is anticipated to grow further due to the region's changing healthcare environment and increasing demand for orthopedic operations. This will present chances for industry participants to innovate and increase their footprint.

For example, according to a report released by the Ministry of Road Transport and Highways of India (MoRTH), States and Union Territories (UTs) reported a total of 4,61,312 road accidents in 2022, leading to above 1 lakh fatalities and more than 4 lakh injuries. Compared to the prior year, there has been an increase of 11.9% in accidents, 9.4% in fatalities, and 15.3% in injuries. India's high rate of traffic accidents is therefore anticipated to fuel the segment's expansion during the projection period.

 Market Restraints

• Ensuring affordability and accessibility can constrain the market for orthopedic power tools.

Maintaining the accessibility and affordability of cutting-edge technology is a significant problem for the orthopedic power tool market, especially in developing nations. Adoption and market penetration of orthopedic power tools may be hampered by their expensive cost as well as certain regions' inadequate infrastructure and healthcare resources. To address this difficulty and provide global accessibility to orthopedic power tools for patients and healthcare professionals, new pricing structures, strategic alliances, and infrastructure investments in the healthcare sector are needed.

Market Developments

• March 2023- Stryker Corporation introduced the CD NXT System to their lineup of power tool products in March 2023. The technology provides quick, reliable, and accurate depth measurements for a range of orthopedic operations. In addition to providing an accurate and repeatable reading and eliminating errors frequently associated with a manual depth gauge, CD NXT simplifies surgical procedures and instrumentation. The system's market-wide application is made possible by its independence from the implant system.
• February 2023: Arbutus Medical Inc., a British Columbia-based medical device startup creating cutting-edge surgical drill technology and procedure kits that enhance hospital workflow and lower patient treatment costs, received a $1.13 million investment from Genome British Columbia. With everything a surgeon needs in one location, pre-sterile and ready to use at the bedside, Arbutus Medical's TrakPak® single-use procedure kit for skeletal traction is being developed with the help of this financing. With the package, orthopedic trauma teams can save up to 45 minutes of preparatory time for each treatment, which can help hospitals run more smoothly, cut expenses, enhance patient satisfaction, and increase access to safe surgical care.

Market Segmentation

• By Type:
  • Large Bone Orthopedic Power Tools
  • Small Bone Orthopedic Power Tools
  • High-Speed Orthopedic Power Tools
  • Orthopedic Reamers
• By Technology:
  • Pneumatic-powered Device
  • Electric-powered Device
  • Battery-powered Device
• By Usage:
  • Reusable
  • Disposable (Single Use)
• By End-user:
  • Hospitals
  • Ambulatory Surgical Centers
  • Orthopedic Clinics
• By Geography:
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others