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Global Orthopedic Power Tools Market was valued at 1.3 Billion USD in 2017

Author: QYResearch | Publish date: 2018-05-31 | Views: 39
Orthopedics is the branch of science that deals with fractures, injuries, and disorders related to the skeletal system of the body. It also includes associated muscles, joints, and ligaments. Powered instruments and accessories are used to dissect, fixate, shape, cut, and fragment in orthopedic procedures. These tools are powered with electricity or are pneumatic powered. Pneumatic devices are powered using nitrogen or compressed air. The global orthopedic power tools market was valued at 1300 M USD in 2017 and is expected to exhibit a robust CAGR of 2.9% over the forecast period (2017–2023).

North America (with a revenue market share 41%) accounted for the largest share in the global orthopedic power tools market, followed by Europe in 2017. This is mainly attributed to increase in healthcare expenditure and large number of skilled healthcare professionals in North America.

By technology, the market is segmented into pneumatic powered, battery operated and electric powered. And the electric powered type cover a revenue market share of 52%.

Global players in the industry are partnering with companies and organization based in Asia, in order to expand their geographic presence in this highly lucrative market. This is expected to increase the availability of advanced equipment such as orthopedic power tools in the region. Key players operating in the global orthopedic power tools market include DePuy Synthes, Stryker, Medtronic, CONMED, Zimmer Biomet, B. Braun, Arthrex, OsteoMed, Smith & Nephew, Brasseler USA, De Soutter Medical, Adeor, MicroAire and etc.

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