Orthopedic Power Devices Market

Orthopedic Power Devices Market by Type (Large-Bone Powered Devices and Small-Bone Powered Devices), Product Type (Drills, Saws, Reamers, and Others), Power Source (Pneumatic, Battery-Powered, and Electric), Usability (Single-Use and Reusable), End-User (Hospitals, Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World) is expected to advance at a substantial CAGR forecast till 2030 owing to the increasing number of trauma cases and the rising sports-related injuries across the globe.

The orthopedic power devices market was valued at USD 1.07 billion in 2023, growing at a CAGR of 4.34% during the forecast period from 2024 to 2030 to reach USD 1.38 billion by 2030. The orthopedic power devices market is experiencing significant growth due to the rising number of trauma cases resulting from road traffic accidents, the rising number of sports-related injuries, and others that are acting as major factors contributing to the overall growth of the orthopedic power devices market during the forecast period from 2024 to 2030.

Orthopedic Power Devices Market Dynamics:

As per data from the World Health Organization factsheet (2023) on road traffic injuries, road traffic injuries are the leading cause of fatality in children and young adults in the age group of 5-29 years. The same factsheet further stated that near about 20-50 million people suffer from non-fatal injuries in road accidents resulting in a disability as a result of their injury globally each year. These incidents majorly result in bone fractures and dislocations. Orthopedic power devices are employed to treat the bone fractures and dislocations commonly resulting from such incidents. They aid in the precise and efficient fixation of fractures through advanced tools for drilling, cutting, and stabilizing bones.

In addition to this, the World Health Organization (2024), stated that in 2021, 15.4 million were living with spinal cord injuries globally. Most cases of spinal cord injury result from trauma, including falls, or acts of violence, and are therefore preventable. Orthopedic power devices play a critical role in spinal cord injuries. These devices perform complex procedures such as spinal decompression, fusion, and stabilization. They facilitate accurate drilling and insertion of screws, rods, and plates, essential for stabilizing the spine and alleviating pressure on the spinal cord.

According to the National Safety Council (2024), it stated that in 2023, emergency departments treated 3.7 million people for injuries related to sports and recreational equipment. The activities that most often led to these injuries were exercise, cycling, and basketball. Furthermore, it stated that injuries from exercise and exercise equipment went up by 8% in 2023, with 482,886 injuries compared to 445,642 in 2022. The highest injury rate was among 15 to 24-year-olds. Orthopedic power devices are crucial in treating fractures and severe injuries sustained from sports and recreational activities. They stabilize and support broken bones, enabling proper healing and recovery.

Hence, the interplay of all the above-mentioned factors are expected to drive the market for orthopedic power devices market during the given forecast period from 2024 to 2030.

However, iatrogenic injury to surrounding structures associated with orthopedic power devices and others may restrict the market growth.

Orthopedic Power Devices Market Segment Analysis:

Orthopedic Power Devices Market by Type (Large-Bone Powered Devices and Small-Bone Powered Devices), Product Type (Drills, Saws, Reamers, and Others), Power Source (Pneumatic, Battery-Powered, and Electric), Usability (Single-Use and Reusable), End-User (Hospitals, Clinics, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the usability segment of the orthopedic power devices market, the single-use category is expected to have a significant revenue share in the year 2023. This is because single-use power devices often come with lower upfront costs compared to reusable options since they eliminate the need for reprocessing and maintenance.

Single-use power devices are employed across various orthopedic procedures. They assist in fracture fixation by facilitating accurate drilling and screw insertion. In joint replacement surgeries, they help prepare bone surfaces and insert components. During spinal surgeries, they are used for tasks such as drilling, cutting, and shaping. In arthroscopy, they enable minimally invasive procedures like tissue removal. For trauma surgeries, they offer quick, reliable tools for immediate stabilization and repair. They are also useful in bone grafting, helping to prepare and shape grafts or donor sites efficiently.

In addition to this, increased product launches in the market for this category also push forward the revenue shares of these devices. For instance, in April 2024, Peloton Surgical announced that it received FDA clearance (K240071) to market its innovative single-use surgical power driver. This device features an elegant design that enhances precision and ergonomics. Notably, the power driver incorporates a patented solution for charging through the sterile barrier of its packaging, ensuring both convenience and safety in surgical settings.

Therefore, the widespread uses of single-use power devices that enhance performance, solidify the significant impact on the growth of the overall orthopedic power devices market during the forecast period from 2024 to 2030.

North America is expected to dominate the overall Orthopedic Power Devices Market:

Among all the regions, North America is estimated to hold a significant revenue share in the Orthopedic Power devices market. This can be attributed to several factors, including the high incidence of hip and vertebral compression fractures, the growing demand for shoulder replacement surgeries, and ongoing advancements in orthopedic power devices driven by regulatory approvals and innovations from key industry players are the major factors that contribute to the growth of the orthopedic power devices market in the North America region during the forecast period from 2024 to 2030.

According to data from the American Academy of Orthopaedic Surgeons (2024), annually, over 300,000 individuals in the U.S. experience a hip fracture, with the majority occurring in those aged 65 and older due to falls in the home or community.

The National Institute of Health (2023) stated that in the US, approximately 1 to 1.5 million vertebral compression fractures (VCFs) occur each year. Additionally, between 40% and 50% of individuals over the age of 80 are estimated to have experienced a VCF, either as an acute event or discovered incidentally during the evaluation of other health issues. Orthopedic power devices are used in hip fractures by drilling and inserting screws or plates for stabilization. For VCF, they aid in procedures like vertebroplasty and kyphoplasty by precisely injecting bone cement to restore vertebral height and relieve pain. These tools enhance precision and efficiency in fracture treatment, leading to better outcomes and faster recovery.

According to the American Academy of Orthopaedic Surgeons (2024), in 2021 more than 100,000 shoulder replacement surgeries were performed annually in the U.S., encompassing total shoulder replacement, hemiarthroplasty, and reverse total shoulder replacement. As per the same source it projects that by 2025, the number of shoulder replacement procedures in the U.S. could range between 174,000 and 350,000. Orthopedic power devices are crucial in shoulder replacement surgeries for precise bone preparation, accurate drilling, and efficient implant placement. They enhance surgical speed, reduce complications, and support consistent performance.

Various product developmental strategies such as clearances in the region by regulatory authorities in the region play a major role in pushing forward the revenue shares of orthopedic power devices in the region. For example, in June 2021, Stryker received the 510k approval from the US Food and Drug Administration for their Stryker iBur hubs and cutting accessories which are intended to be used with the Stryker Core Consolidated Operating Room (CORE) Console and electric and pneumatic motors.

Additionally, in June 2021, Zethon Ltd received 510k approval from the US Food and Drug Administration for their hekaDrill for use in the incisions, drilling, and sawing of soft and hard bone tissue.

Therefore, the interplay of all the factors mentioned above would provide a conducive growth environment for the North America region in the orthopedic power devices market during the forecast period from 2024 to 2030.

Orthopedic Power Devices Market Key Players:

Some of the key market players operating in the orthopedic power devices market include Stryker Corporation, CONMED Corporation, Medtronic, Johnson & Johnson Services, Inc., MicroAire Surgical Instruments, LLC, Zimmer Biomet, De Soutter Medical, adeor medical AG, Smith & Nephew, Arthrex Inc, Brasseler USA, Nouvag AG, AYGUN CO.,INC, iMEDICOM, Shanghai Bojin Medical Instrument Co.,Ltd, ORTHOPROMED, Allotech Co. Ltd, medical bees GmbH, MatOrtho Limited, NAKANISHI INC, and others.

Recent Developmental Activities in Orthopedic Power Devices Market:

• In June 2021, Stryker received the 510k product approval from the US Food and Drug Administration for the i Drive 2 Motor, Pi Drive 2 Plus Motor which is intended to be used Stryker Consolidated Operating Room Equipment (CORE) System. When used with a variety of attachments and cutting accessories, the drill is intended for use in cutting, drilling, reaming, decorticating, shaping and smoothing of bone, bone cement and teeth in a variety of surgical procedures.
• In April 2021, adeor medical AG received the 510k approval from the US Food and Drug Administration for their Velocity Alpha High speed Surgical Drill System for rapid cutting, sawing, drilling, and manipulation of soft tissue and bone.

Report Metrics	Details
Study Period	2020 to 2030
Base Year	2021
Forecast Period	2024 to 2030
CAGR	4.36%
Market Size	USD 1.44 billion by 2030
Key Companies	Stryker, CONMED Corporation, Medtronic, DePuy Synthes (Medical Devices Business Services, Inc.), MicroAire Surgical Instruments, LLC, Zimmer Biomet, De Soutter Medical, adeor medical AG, Smith & Nephew, Arthrex Inc, Inc, Brasseler USA, Nouvag AG, AYGUN CO.,INC, iMEDICOM, Shanghai Bojin Medical Instrument Co.,Ltd, ORTHOPROMED, Allotech Co. Ltd., medical bees GmbH, MatOrtho Limited, NAKANISHI INC and others

Key Takeaways from the Orthopedic Power Devices Market Report Study

• Market size analysis for current orthopedic power devices market size (2023), and market forecast for 6 years (2024 to 2030)
• Top key product/services developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years
• Key companies dominating the orthopedic power devices market
• Various opportunities available for other competitors in the orthopedic power devices market space
• What are the top-performing segments in 2023? How these segments will perform in 2030?
• Which are the top-performing regions and countries in the current orthopedic power devices market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for orthopedic power devices market growth in the coming future?

Target Audience who can be benefited from this Orthopedic Power Devices Market Report Study

• Orthopedic power device providers
• Research organizations and consulting companies
• Orthopedic power devices related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and traders dealing in orthopedic power devices
• Various end-users who want to know more about the orthopedic power devices market and the latest developments in the orthopedic power devices market