Orthopedic Power Devices Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The global orthopedic power devices market is expected to register a CAGR of around 4% over the period of 2021-2027. The growing demand for orthopedic power devices can be attributed to the rising number of injuries due to sports or road accidents leading to the increasing need for surgical interventions in order to correct bone-related defects. For instance, as per the data provided by the Nations Safety Council, about 122.7 per 100,000 people got injured in basketball games. Also, according to the Centers for Disease Control and Prevention, unintentional injury accounted for 200,995 in 2020, and the number of deaths due to traffic accidents were reported to be 40,698 in the United States in the same year. Furthermore, the constant focus of industry players to introduce innovative products in the market, improving healthcare and hospital infrastructure in various emerging nations, and realigning reimbursement policies are some of the other factors contributing to the growth of the market globally.

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 According to UnivDatos Market Insights (UMI)’ research report “global orthopedic power devices market”, the market is expected to witness a robust growth during the forecast period 2021-2027F. An increase in investments in research and development for technologically advanced orthopedic devices, and a rapid increase in the geriatric population coupled with the rising prevalence of orthopedic diseases are some of the other prominent factors contributing to the growth of the market globally.  

Based on power sources, the market is classified into pneumatic, battery-powered, and electric. Amongst them, the battery-powered category accounted for a significant share of the market owing to the increasing preference for these devices among healthcare providers and surgeons due to their compact and cordless design. Also, battery-powered devices are associated with less bacterial contamination which in turn is also positively impacting the growth of this segment. However, the electric segment is anticipated to grow with the fastest CAGR during the projected timeframe.

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Based on end-users, the market is categorized into hospitals, ambulatory surgical centers, and others. Among these, hospitals is expected to grab the major market share in 2020. The growth of this segment is attributed to the increasing preference of patients to undergo orthopedic surgical procedures in hospitals owing to the well-established infrastructure, presence of trained healthcare professionals, and advanced devices. However, the ambulatory surgical centers segment is expected to grow considerably in the upcoming years owing to the increasing number of these centers, especially in emerging countries. 

North America to witness extensive growth

For a better understanding of the market adoption of the orthopedic power devices industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World North America constitutes a major market for the orthopedic power devices industry and generated major revenue in 2020 owing to growing healthcare expenditure and an increase in the aging population in the region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Orthopedic Power Devices Market are Stryker Corporation, Medtronic PLC, CONMED Corporation, Zimmer Biomet, DePuy Synthes, Brasseler USA, De Soutter Medical, Smith & Nephew PLC, MicroAire Surgical Instruments, Arthrex Inc. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions. 

“Global Orthopedic Power Devices Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

For more informative information, please visit us –  https://univdatos.com/report/orthopedic-power-devices-market/

Market Segmentations:

1.     By Type (Large Bone Powered Devices and Small-Bone Powered Devices)

2.     By Product Type (Drills, Saws, Reamers, and Others)

3.     By Power Source (Pneumatic, Battery-Powered, and Electric)

4.     By End-Users (Hospitals, Ambulatory Surgical Centers, and Others)

5.     By Region (North America, Europe, Asia-Pacific, Rest of the World)

6.     By Company (Stryker Corporation, Medtronic PLC, CONMED Corporation, Zimmer Biomet, DePuy Synthes, Brasseler USA, De Soutter Medical, Smith & Nephew PLC, MicroAire Surgical Instruments, Arthrex Inc.)

Key questions answered in the study:

1.     What are the current and future trends of the global orthopedic power devices industry?

2.     How the industry has been evolving in terms of type, product type, power source, ?

3.     How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.     What are the key growth drivers and challenges for the global orthopedic power devices industry?

5.     What is the customer orientation, purchase behavior, and expectations from the global orthopedic power devices suppliers across various region and countries? 

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL ORTHOPEDIC POWER DEVICES MARKET COVID-19 IMPACT

6 GLOBAL ORTHOPEDIC POWER DEVICES MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY PRODUCT TYPE

9 MARKET INSIGHTS BY POWER SOURCE

10 MARKET INSIGHTS BY END-USERS

11 MARKET INSIGHTS BY REGION

12 ORTHOPEDIC POWER DEVICES MARKET DYNAMICS

13 ORTHOPEDIC POWER DEVICES MARKET OPPORTUNITIES

14 ORTHOPEDIC POWER DEVICES MARKET TRENDS

15 LEGAL & REGULATORY FRAMEWORK

16 DEMAND AND SUPPLY SIDE ANALYSIS

17 VALUE CHAIN ANALYSIS

18 COMPETITIVE SCENARIO

19 COMPANY PROFILED

20 DISCLAIMER

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