PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1536712
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1536712
Large Bone Surgical Power Tools Market size was valued at USD 320.10 Million in 2023, expanding at a CAGR of 5.90% from 2024 to 2032.
The Large Bone Surgical Power Tools Market comprises advanced instruments used for orthopedic procedures involving large bones, such as those in the hip and knee. The increasing prevalence of orthopedic conditions and the rising number of surgeries are accelerating market growth, as noted by the World Health Organization's emphasis on improving surgical outcomes and reducing recovery times. Technological advancements, such as the development of more precise and efficient power tools, are further driving the market. However, high costs and the need for skilled personnel can restrict adoption. Opportunities exist in expanding product lines to include more versatile tools, integrating digital technologies for better outcomes, and exploring emerging markets with growing healthcare infrastructure.
Large Bone Surgical Power Tools Market- Market Dynamics
O Rising Number of Surgeries Fuels Growth in Large Bone Surgical Power Tools Market
The rising number of surgeries is significantly driving the Large Bone Surgical Power Tools Market. According to the World Health Organization, the global prevalence of orthopedic conditions is increasing, leading to a higher volume of surgical procedures. For instance, the American Academy of Orthopaedic Surgeons reports that over 500,000 hip replacement surgeries are performed annually in the U.S. alone. Additionally, the National Health Service (NHS) in the UK has seen a surge in orthopedic surgeries due to an aging population and advancements in surgical techniques. These trends are boosting demand for advanced surgical power tools that offer precision and efficiency, highlighting the market's growth driven by increased surgical activities worldwide.
Large Bone Surgical Power Tools Market- Key Insights
v As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.90% over the forecast period (2024-2032)
v Based on product type segmentation, Drills were predicted to show maximum market share in the year 2023
v Based on Type segmentation, Corded Electric Tools was the leading type in 2023
v Based on Application segmentation, Joint Replacement was the leading type in 2023
v On the basis of region, North America was the leading revenue generator in 2023
The Global Large Bone Surgical Power Tools Market is segmented on the basis of Product Type, Type, Application, End-User, and Region.
The market is divided into four categories based on product type: Drills lead due to their essential role in various orthopedic procedures, offering precision and efficiency. Saws, Reamers, and Shavers also play significant roles but follow in terms of market share.
The market is divided into three categories based on Type: Corded Electric Tools dominate due to their consistent power and reliability during surgeries. Battery-powered Tools and Pneumatic Tools are also used but are less prominent compared to corded electric solutions.
Large Bone Surgical Power Tools Market- Geographical Insights
North America leads, driven by significant healthcare investments and high surgical volumes, with the United States and Canada implementing cutting-edge technologies in orthopedic procedures. Europe follows, with strong market growth in countries like Germany and the UK, supported by advanced healthcare systems and rising orthopedic surgeries. The Asia-Pacific region is experiencing rapid expansion due to increasing healthcare access, rising orthopedic conditions, and investments in medical technology, particularly in countries like China and India. Latin America and the Middle East & Africa are emerging markets, where growing healthcare infrastructure and increasing awareness of advanced surgical tools are contributing to market growth.
Leading companies such as Stryker, DePuy Synthes, and Zimmer Biomet dominate with their advanced surgical power tools and comprehensive solutions for orthopedic procedures. Stryker is known for its innovative tools and technologies that enhance precision and surgical outcomes. DePuy Synthes, a part of Johnson & Johnson, offers a wide range of high-performance power tools for large bone surgeries. Zimmer Biomet provides robust solutions focused on improving efficiency and patient recovery. Emerging players like Medtronic and Smith & Nephew are also gaining traction with new product offerings and strategic partnerships. The competitive landscape is characterized by continuous R&D, technological advancements, and strategic mergers and acquisitions, aiming to enhance tool performance and expand market presence. Companies are focusing on integrating digital technologies and expanding their product portfolios to meet evolving surgical demands.
v In March 2023, Stryker Corporation introduced the CD NXT power tool, featuring real-time digital depth measurement that ensures fast, accurate, and consistent results during drilling across multiple surgical procedures.
v In December 2021, DePuy Synthes launched the UNIUM system, a versatile powered tool designed for small bone and trauma surgeries. It is also applicable in sports medicine, thoracic procedures, and spinal surgeries.
GLOBAL LARGE BONE SURGICAL POWER TOOLS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Stryker Corporation
Zimmer Biomet Holdings, Inc.
Medtronic plc
Johnson & Johnson (DePuy Synthes)
CONMED Corporation
B. Braun Melsungen AG
Smith & Nephew plc
De Soutter Medical
Aesculap, Inc.
Brasseler USA
MicroAire Surgical Instruments LLC
Exactech, Inc.
Arthrex, Inc.
Medicon eG
Adeor Medical AG