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Orthopedic Power Tools Market Size & Share

Orthopedic Power Tools Market Size & Share

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Orthopedic Power Tools Market Size & Share

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  1. Orthopedic Power Tools Market Analysis Market Size and Growth The global orthopedic power tools market reached $1.66 billion in 2023 and is projected to grow from $1.73 billion in 2024 to $2.44 billion by 2032, with a CAGR of 4.4%. Regional Analysis North America dominates with a 50.6% market share in 2023, driven by high surgical volumes and advanced healthcare infrastructure. According to CDC data, the U.S. recorded 24.5 million emergency department visits for unintentional injuries in 2019, with falls and motor vehicle accidents accounting for the majority. Key Market Drivers  Rising prevalence of orthopedic conditions and trauma cases  Technological advancements in surgical tools  Growing geriatric population  Increasing number of orthopedic surgeries Recent Developments  January 2024: Paragon 28 launched the FJ2000 Power Console and Burr System for minimally invasive foot and ankle procedures  January 2024: Arthrex introduced NanoExperience.com to educate about nano arthroscopy  October 2023: Johnson & Johnson Services launched VELYS Robotic-Assisted Solution for total knee surgery in Europe Market Leaders Key companies dominating the market include:  Stryker (U.S.)  Conmed Corporation (U.S.)  Zimmer Biomet (U.S.)  Johnson & Johnson Services (U.S.)  B. Braun Melsungen AG (Germany) Technology Trends The market shows increasing preference for: 1.Battery-powered devices over pneumatic tools 2.Disposable instruments to reduce cross-contamination risks 3.Advanced surgical tools with improved ergonomics Market Segments

  2. By product type:  Instruments (surgical drills, saws)  Accessories (highest market share in 2023) By technology:  Electric powered  Pneumatic powered  Battery powered (dominant segment) Report- Fortune Business Insights - Orthopedic Power Tools Market Size, Growth | Report [2032] https://www.fortunebusinessinsights.com/industry-reports/orthopedic-power-tools-market-100574

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