United States Orthopedic Power Equipment Market was valued at USD 1.8 Billion in 2022 and is projected to reach USD 2.9 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The US Orthopedic Power Equipment Market has experienced significant growth in recent years, driven by technological advancements, an aging population, and increasing demand for minimally invasive surgical procedures. Orthopedic power equipment plays a crucial role in surgeries such as joint replacements, spinal operations, and fracture treatments, providing surgeons with precision and efficiency. With the rise in orthopedic conditions like osteoarthritis, sports injuries, and degenerative bone diseases, the demand for these medical devices continues to escalate.
One of the key factors fueling market growth is the technological innovation seen in orthopedic power tools. These tools, such as drills, saws, and reamers, have become more efficient, lightweight, and ergonomic. The integration of smart technology, like IoT-enabled devices, is improving surgical outcomes by allowing for better precision, real-time data monitoring, and more customized procedures. This advancement not only enhances patient care but also optimizes surgical workflows, leading to faster recovery times.
The market is also benefiting from the increasing popularity of minimally invasive surgeries (MIS), which require specialized equipment like powered surgical instruments. MIS offers numerous benefits, including smaller incisions, less blood loss, shorter hospital stays, and quicker recovery times. This shift toward minimally invasive techniques is contributing to the growing demand for orthopedic power equipment.
Furthermore, the US market is witnessing a shift in healthcare policies that encourage cost-effective, patient-centered care. As hospitals and surgical centers focus on improving patient outcomes while minimizing costs, the demand for advanced orthopedic tools that offer precision and efficiency continues to rise. Key players in the orthopedic power equipment market are focusing on enhancing their product portfolios, developing innovative solutions, and expanding their global footprint to capture a larger market share.
The orthopedic power equipment market is also seeing increasing collaborations between manufacturers and healthcare providers to address the rising demand for effective and reliable surgical tools. As the healthcare sector in the US continues to evolve, the orthopedic power equipment market is poised for sustained growth, with advancements in technology, procedural innovations, and improved patient care leading the way. The growth of the market parallels trends seen in other sectors such as the 100 Gigabit Fiber Optic Transceiver Market, which is also seeing technological leaps that drive industry progress.
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Covidien plc
Stryker Corporation
B. Braun Melsungen AG
ERBE Elektromedizin GmbH
Aspen Surgical Products Inc
Medicon eG
Ethicon Inc
KLS Martin LP
CONMED Corporation
Integra LifeSciences Holdings Corporation
CareFusion Corporation
Aipai (Guangzhou) Medical Device Co.
Ltd
Shujie Medical Technology (Suzhou) Co.
Ltd
Wuhu Ruijin Medical Equipment Co.
Ltd
Changzhou Huida Medical Device Co.
Ltd
Shanghai Bojin Medical Device Co.
Ltd
Hangzhou Chia Tai Medical Device Co.
Ltd
Tianjin Jindong Xiyi Medical Device Company
Nanchang Tianao Medical Device Co.
Ltd
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Orthopedic Power Equipment Market
Battery-Powered Equipment
Pneumatic Equipment
Electric Equipment
Hybrid Equipment
Joint Reconstruction
Orthopedic Trauma Surgery
Spinal Surgery
Sports Medicine
Others
Hospitals
Ambulatory Surgical Centers
Orthopedic Clinics
Rehabilitation Centers
Standalone Equipment
Portable Equipment
Integrated Systems
Minimally Invasive Surgery
Open Surgery
Robotic Surgery
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Orthopedic Power Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Orthopedic Power Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Orthopedic Power Equipment Market, By Type
6. US Orthopedic Power Equipment Market, By Application
7. US Orthopedic Power Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Orthopedic Power Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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