The global Bone Power Tools Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Bone Power Tools market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the bone power tools market which was USD 25.87 billion in 2021, would rocket up to USD 51.55 billion by 2029, and is expected to undergo a CAGR of 9.00% during the forecast period 2022 to 2029.
Top Companies in the Global Bone Power Tools Market:
Zimmer Biomet (U.S.), Smith+Nephew (Germany), Medtronic (Ireland), Stryker (U.S.), B. Braun Melsungen AG (Germany), NuVasive, Inc. (U.S.), DJO, LLC (U.S), Institut Straumann AG (Switzerland), OSSTEM IMPLANT CO., LTD. (South Korea), Narang Medical Limited (India), Globus Medical (U.S.), Arthrex, Inc. (U.S.), CONMED Corporation (U.S), Integra LifeSciences Corporation (U.S.), RTI Surgical (U.S.), W. L. Gore & Associates, Inc. (U.S.), Corin Group (U.S.), Johnson & Johnson Private Limited (U.S.), among others.
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Market Segmentation:
The bone power tools market is segmented on the basis of type, technology and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Large Bone Power Tool
- Small Bone Power Tool
- High-Speed Bone Power Tool
- Orthopedic Reamers
Technology
- Pneumatic-Powered Systems
- Battery-Powered Systems
- Electric-Powered Systems
End-User
- Hospitals
- Orthopedic Clinics
- Ambulatory Surgery Centres
- Others
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North America dominates the bone power tools market due to the high prevalence of minimally invasive procedures, rising geriatric population base and rise in orthopaedic and spinal procedures.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the growing awareness amongst people regarding skeletal deformities and adoption of advanced techniques.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The bone power tools market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for bone power tools market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the bone power tools market. The data is available for historic period 2010-2020.
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Market Dynamics
Drivers
- Increasing number of orthopedic surgeries
Orthopaedic surgeons carry a variety of orthopaedic power instruments. Demand for bone power tools is rising as more people have orthopaedic procedures. The American Academy of Orthopedic Surgeons predicts that by 2030, there would be 635,000 primary total joint replacements and 1.28 million primary total knee replacements performed in the United States, respectively, an increase of 171% and up to 189%, respectively.
- Significant rise in the number of osteoporosis patients
In the coming years, advances in limiting side effects are projected to generate profitable prospects for the orthopaedic business. Large rates of co-morbidities, such as obesity and diabetes, have been increasing the risk of degenerative joint disease, particularly among the elderly. As more young people participate in sports and fitness activities, the incidence of accidents related to these activities is on the rise. This has increased demand for bone power tools.
Opportunities
Growing demand for orthopaedic operations, an increase in minimally invasive procedures, an increase in hip, wrist, and spine fractures, as well as the advantages of being simple to construct, lightweight, and cost-effective, are some of the reasons driving the market's expansion from 2022 to 2029. On the other hand, widespread use of cutting-edge technology will increase a number of market opportunities and fuel the expansion of the bone power tools market during the forecast period.
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