The global orthopedic power tools market size was USD 1.54 Billion in 2021 and is expected to register a revenue CAGR of 4.1% over the forecast period, according to the latest report by Reports and Data.
Orthopedic procedures are becoming more and more necessary to treat conditions like osteoarthritis (OA), fractures, osteoporosis, etc., which is driving up demand for orthopaedic power equipment. Nearly 30 million persons were reported to have osteoarthritis in 2017, according to the Arthritis Foundation.
Osteoarthritis is more common as people get older, and it starts in approximately 80% of those over 65. The demand for technical advancements in orthopaedic operations has increased due to the rising number of accidents around the world, which has also had a beneficial impact on the market’s expansion.
The increased incidence of osteoporosis contributes significantly to the demand for orthopaedic procedures and, eventually, power tools. Osteoporosis is a serious problem everywhere due to the expanding elderly population, particularly in developing countries. The need for orthopaedic surgery power tools is also being fueled by an increase in the frequency of delicate fractures of the wrist, hip, and spine. One of the primary factors affecting the market expansion is the technological and operational advancements in tool designs through time. Regulations pertaining to the standardisation of operating room supplies are being promoted by numerous governments and corporate entities more frequently.
Companies profiled in the market report include ConMed Corporation, Stryker Corporation, Medtronic PLC, DePuy Synthes, B Braun Melsungen AG, Zimmer Biomet, Arthrex, Micro Aire, De Soutter Medical, and Aygun Surgical Instruments.
Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/1417
Market Overview:
The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2022-2030. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
The Orthopedic Power Tools Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Orthopedic Power Tools Market.
Further key findings from the report suggest,
To understand how our Orthopedic Power Tools Market can bring difference to your business strategy:– https://www.reportsanddata.com/report-detail/orthopedic-power-tools-market
For the purpose of this report, Reports and Data has segmented the global orthopedic power tools industry into Type Outlook, Technology Outlook, Regional Outlook:
Type Outlook (Revenue, USD Billion; 2019-2030)
Technology Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
Request a customization of the report : https://www.reportsanddata.com/request-customization-form/1417
Key Advantages of Orthopedic Power Tools Market Report:
Conclusively, all aspects of the Orthopedic Power Tools Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs
Browse More Reports:
https://www.biospace.com/article/galactosidase-industry-analysis-2021-2028-/
The post Global Orthopedic Power Tools Market Size Hit USD 2.20 Billion at a CAGR of 4.1% in 2030 appeared first on Market O Graphics.