NEW YORK, USA, Sept. 14, 2022 (GLOBE NEWSWIRE) — The global market value of orthopedic power tools was US$1.42 billion in 2021 and will reach US$2.07 billion in 2030 with a CAGR of 4.2%. An instrument used to operate on bone or bone fragments is called an orthopedic power tool. These tools are useful for drilling, reaming, screwing and sawing. The primary areas of application for these tools are orthopedic surgery, whether in humans or animals, neurology, ENT surgery and traumatology. Modern orthopedic surgery has experienced a revolution with the development of power tools. With the help of this power equipment, surgeries are seamlessly effective. These power tools are necessary for almost every aspect of orthopedic surgery.
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Orthopedic Power Tools Market Insights:
- Large bone power tools segment recorded the largest share at 44.11% by type.
- The handpiece segment had the largest market share with revenue exceeding $856 million, or approximately 60.28% for the product type.
- In 2020, the technology-based electric (battery powered) systems took a dominant position in the orthopedic power tool market.
- The reusable segment had the largest market share based on usage in 2020.
- The Hospitals and Ambulatory Surgical Centers segment contributed the largest market share on an end-user basis.
- By region, North America had the largest share of revenue at over $0.71 billion.
Factors influencing the growth of the Orthopedic Power Tools market:
(Factors like The shorter operating time and the increasing prevalence of orthopedic diseases stimulate its growth rate. )
- The incidence of fractures, osteoporosis, osteoarthritis and other orthopedic diseases has increased drastically in recent years, accelerating the growth rate of the market. According to Ohio State University, fractures cover…
