Orthopedic Power Tools Market Rising in United States | Fortune Business Insights
The global orthopedic power tools market size was USD 1.43 billion in 2020. The market is projected to grow from USD 1.54 billion in 2021 to USD 2.05 billion by 2028 at a CAGR of 4.1% during the 2022-2028 period. This information is provided by Fortune Business Insights, in its report titled, “Orthopedic Power Tools Market, 2022-2028.”
According to our researchers, the
growing volume of orthopedic surgeries, geriatric population, operating room
supply standardization, and technical improvement are all contributing to the
orthopedic power tools market growth. Orthopedic power tools are
precision-engineered power instruments used to execute orthopedic surgical
procedures. The application and manner of operation of these devices differ.
During orthopedic injuries, surgeons require them to put implants into the
bones.
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|
North America |
United States, Canada and Mexico |
|
Europe |
Germany, UK, France, Italy, Russia and Turkey
etc. |
|
Asia-Pacific |
China, Japan, Korea, India, Australia, Indonesia,
Thailand, Philippines, Malaysia and Vietnam etc. |
|
South America |
Brazil, Argentina, Columbia etc. |
|
Middle East & Africa |
Saudi Arabia, UAE, Egypt, Nigeria and South
Africa |
COVID-19 Impact:
Supply
Chain Disruption to Hamper Growth
The pandemic had an impact on many
medical operations, especially orthopedic surgeries. For surgeons to be able to
give safe and effective care to their patients during the COVID-19 pandemic,
precise protocols unique to each specialty were created and followed. Due to
regulatory authorities' strict guidance to prevent any non-emergent surgery,
the volume of orthopedic surgeries decreased dramatically throughout the
pandemic. Patient visits to hospitals and other healthcare settings for
non-COVID related ailments decreased due to nationwide lockdowns, travel
restrictions, and other containment measures imposed by various national
bodies.
Segments:
Product Type, Application, Usage, End-User, and Region are
Studied
By product
type, the market is segmented into instruments (surgical drills, saws,
and accessories), and others.
Based on application, the market is
fragmented into electric power device, pneumatic power device, and battery
power device.
Based on usage, the market is
segregated into reusable and disposable.
Based on end-user, the market is
divided into hospitals & ASCs, and specialty clinics.
Finally, by geography, the market is
divided into Europe, North America, Asia Pacific, Latin America, and the Middle
East & Africa.
Report
Coverage:
The report examines the market in
depth, including current trends and forecasts to identify potential investment
opportunities. The report contains data on present and future market trends,
which can be used to identify existing opportunities. There has been a thorough
examination of the elements that drive and limit market expansion.
The identification of elements that are important in changing the market environment, the increase in opportunities, and the identification of significant companies that can affect this market have all been covered.
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