Orthopedic Power Equipment Market size is estimated to be USD 3.5 Billion in 2024 and is expected to reach USD 5.8 Billion by 2033 at a CAGR of 6.3% from 2026 to 2033.
The global orthopedic power equipment market was valued at approximately $1.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2030. Factors such as the increasing prevalence of orthopedic disorders, the rise in sports related injuries, and the growing aging population contribute significantly to the market growth. Additionally, advancements in minimally invasive surgical techniques and the increasing adoption of battery powered and electric devices are driving market expansion. North America dominated the market in 2022, accounting for around 40% of the total revenue, owing to a robust healthcare infrastructure and a high rate of orthopedic procedures. Europe followed closely, supported by technological advancements and rising healthcare expenditure.
Asia Pacific is anticipated to witness the highest growth rate during the forecast period, with a CAGR exceeding 6%, driven by improving healthcare systems, increasing medical tourism, and rising awareness about advanced surgical solutions. Countries such as China, India, and Japan are leading the regional market due to the growing elderly population and an uptick in orthopedic surgeries. Furthermore, Latin America and the Middle East & Africa regions are experiencing steady growth, supported by investments in healthcare infrastructure and the expansion of private hospitals. The orthopedic power equipment market presents significant opportunities for manufacturers to innovate and introduce cost effective, efficient, and ergonomic devices tailored to meet the diverse demands of emerging markets.
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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. 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 Global 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 Global 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. Global Orthopedic Power Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Orthopedic Power Equipment Market, By Type
6. Global Orthopedic Power Equipment Market, By Application
7. Global Orthopedic Power Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Orthopedic Power Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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