Global Electric Orthopedic Screwdriver Market, By Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma (SET) Orthopedic Devices), End User (Hospital, Clinic, Others) – Industry Trends and Forecast to 2029.
Electric Orthopedic Screwdriver Market Analysis and Size
The market for electric orthopedic screwdriver is expected to grow during forecast period. The increasing prevalence rates of lifestyle disorders like surging volume of patients suffering from obesity and diabetes, rising number of road traffic accidents and sports injuries, growing number of geriatric population are driving the market expansion.
Data Bridge Market Research analyses that the electric orthopedic screwdriver market is expected to undergo a CAGR of 6.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Electric Orthopedic Screwdriver Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Application (Hip Orthopedic Devices, Knee Orthopedic Devices, Spine Orthopedic Devices, Craniomaxillofacial Orthopedic Devices, Dental Orthopedic Devices, Sports Injuries, Extremities and Trauma (SET) Orthopedic Devices), End User (Hospital, Clinic, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Zimmer Biomet (U.S.), Smith & Nephew plc (Germany), Medtronic (Ireland), Stryker (U.S.), Braun Melsungen AG (Germany), NuVasive, Inc. (U.S.), DJO, LLC (U.S.), Institut Straumann AG (Switzerland), OSSTEM IMPLANT CO., LTD. (South Korea), Narang Medical Limited (U.S.), Globus Medical (U.S.), Arthrex, Inc. (U.S.), CONMED Corporation (U.S.), Integra LifeSciences Corporation (U.S.), RTI Surgical (U.S.), W. L. Gore & Associates, Inc. (U.S.), Corin Group (U.S.) and Johnson & Johnson Services, Inc. (U.S.)
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Market Opportunities
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Market Definition
Orthopaedic tools like bone plates and wires are bent to conform to the shape of the patient's injured area, during surgery. Therefore, the coating beneath the substrate deformation needs to be well-adhesive.
Global Electric Orthopedic Screwdriver Market Dynamics
Drivers
- Increasing investment for healthcare infrastructure
The another significant factor influencing the growth rate of electric orthopedic screwdriver market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aim to improve the healthcare infrastructure by increasing funding, which will further influence the market dynamics.
- Rise in the geriatric population
The rising prevalence rates of lifestyle disorders such as surging volume of patients suffering from obesity and diabetes, growing preferences towards minimally invasive surgeries, growing number of road traffic accidents and sports injuries, growing number of geriatric population are driving the worldwide electric orthopedic screwdriver market expansion.
Opportunities
- Increase in the number of research and development activities
The electric orthopedic screwdriver market's growth is fuelled by increasing number of research and development activities to provide efficient device. This will provide beneficial opportunities for the electric orthopedic screwdriver market growth.
Moreover, upsurge in the number of emerging markets and new product launches will further provide beneficial opportunities for the electric orthopedic screwdriver market growth during the forecast period of 2022 to 2029.
Restraints/Challenges
On the other hand, increasing product recalls and ethical and social issues will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the electric orthopedic screwdriver market.
This electric orthopedic screwdriver market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electric orthopedic screwdriver market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electric Orthopedic Screwdriver Market Scope
The electric orthopedic screwdriver market is segmented on the basis of application, type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Hip Orthopedic Devices
- Knee Orthopedic Devices
- Spine Orthopedic Devices
- Craniomaxillofacial Orthopedic Devices
- Dental Orthopedic Devices
- Sports Injuries
- Extremities and Trauma (SET) Orthopedic Devices
End User
- Hospital
- Clinic
- Others
Electric Orthopedic Screwdriver Market Regional Analysis/Insights
The electric orthopedic screwdriver market is analysed and market size insights and trends are provided by country, application, type and end-user as referenced above.
The countries covered in the electric orthopedic screwdriver market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the electric orthopedic screwdriver market due to the prevalence of improved healthcare services and well-established infrastructure along with favourable reimbursement policies of the government.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the adoption of advanced technology and increasing healthcare expenditure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The electric orthopedic screwdriver market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for electric orthopedic screwdriver market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electric orthopedic screwdriver market. The data is available for historic period 2010-2020.
Competitive Landscape and Electric Orthopedic Screwdriver Market Share Analysis
The electric orthopedic screwdriver market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electric orthopedic screwdriver market.
Some of the major players operating in the electric orthopedic screwdriver market are:
- Zimmer Biomet (U.S.)
- Smith & Nephew plc (Germany)
- Medtronic (Ireland)
- Stryker (U.S.)
- Braun Melsungen AG (Germany)
- NuVasive, Inc. (U.S.)
- DJO, LLC (U.S.)
- Institut Straumann AG (Switzerland)
- OSSTEM IMPLANT CO., LTD. (South Korea)
- Narang Medical Limited (U.S.)
- Globus Medical (U.S.)
- Arthrex, Inc. (U.S.)
- CONMED Corporation (U.S.)
- Integra LifeSciences Corporation (U.S.)
- RTI Surgical (U.S.)
- W. L. Gore & Associates, Inc. (U.S.)
- Corin Group (U.S.)
- Johnson & Johnson Services, Inc. (U.S.)
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