Bone Power Tools Market would rocket up to USD 51.55 billion by 2029

The significance of the Bone Power Tools Market research report lies in its ability to utilize marketing campaign tools (questionnaires, meetings, discussions, messaging) to reach a wide customer audience, expedite the time-to-market for products and services, explore current and future customer needs and expectations, and ultimately enhance customer satisfaction. With market research data and information presented in the comprehensive Bone Power Tools Market report, sales tend to increase, customer management improves, and the company gains opportunities for further business growth and development.

The market for bone power tools are expected to grow during forecast period. Power tools are now employed in every phase of orthopaedic surgery, from pulse lavage for wound management to drilling and reaming for the placement of screws and intramedullary nails in long bone fractures. Further improvements have been made to these tools to make them lighter for user convenience.

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. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Power tool was designed to be more dependable, efficient, and comfortable to use, for a better surgical experience and better results. Its intended applications include drilling, reaming, burring, screwing, tapping, sawing, and setting pins and cables in traumatology and orthopaedic surgery. The bone power tools include drills, saws, chisels, and other tools designed to help surgeons and perform bone surgery more efficiently.

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.

Restraints/Challenges

• High cost

On the other hand, the increasing hospital consolidation and cost pressures along with reimbursement policies will obstruct the market’s growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the bone power tools market.

This bone power tools market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bone power tools market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In October 2020, Medtronic announced that their Adaptix Interbody System, the first guided titanium implant with Titan nanoLOCK Surface Technology, would be available in the United States. The company’s new product has enhanced its credibility and demand in the market, resulting in greater revenue in the region.
• In September 2020, Smith & Nephew plc stated that it had introduced its REDAPT System for revision total hip arthroplasty (rTHA) in the Chinese market. The company’s new product has raised its sales and demand in the Asia-Pacific area.

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Some of the major players operating in the bone power tools market are:

• 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.)

Bone Power Tools Market Scope

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

Key Advantages of the Report: 

• This study provides an analytical overview of the industry, including current trends and future predictions to identify potential investment opportunities.
• The report offers insights into key drivers, limitations, and prospects, along with a comprehensive market share analysis.
• The report quantitatively assesses the current market, shedding light on its growth prospects.
• A Porter’s five forces analysis gauges the bargaining power of buyers and suppliers in the market.
• The report delivers an in-depth market analysis that considers competitive dynamics and forecasts the future competitive landscape.

 For the detailed report, which encompasses the full table of contents, tables, figures, graphs, and charts, please follow this link:  https://www.databridgemarketresearch.com/toc/?dbmr=global-bone-power-tools-market&Shri

What to Anticipate from the Report – A 7-Point Guide:

• The report delves into the holistic strategy and innovation within the market ecosystem.
• It highlights prominent market drivers and obstacles, providing clarity on technological standardization and regulatory frameworks.
• The report evaluates various implementation models and examines numerous use cases.
• Serving as a valuable resource, the report offers essential industry insights, showcasing information on new investments, stakeholders, relevant contributors, and market participants.
• Through the forecast period, the report conducts a thorough market analysis, referencing historical developments, ongoing events, and future growth prospects.

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