Rising surgical volume fuels demand for orthopaedic power instruments
It is projected to reach $2.6b by 2033.
The global orthopaedic power tools market is projected to reach $2.6b by 2033, with a compound annual growth rate of 4.4%, according to a Persistence Market Research report.
The report said it is being driven by rising orthopaedic surgery volume, increasing geriatric population, and continuous advancements in surgical technologies.
The large-bone power tools segment accounts for approximately 62% of the market, driven by the high volume of joint replacement, trauma fixation, and spinal surgeries.
By region, Asia Pacific is the fastest-growing, with countries such as China and India seeing a surge in joint replacement and trauma surgeries.