Global Orthopedic Surgical Energy Devices Market, By Product (Handpieces and Accessories), Technology (Radiation, Radiofrequency, Ultrasound, Microwave, Others), Application (Hip, Knee), End User (Hospital & Clinic, Ambulatory Surgical Centers (ASCs), and Others), Distribution Channel (Direct Tender, Third Party Distributors), Country (U.S., Canada & Mexico, Germany, France, U.K., Italy, Spain, Russia, Belgium, Turkey, Switzerland, Netherlands, and Rest of Europe, Japan, China, Australia, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines & Rest of Asia-Pacific, Brazil, Argentina & Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel & Rest of the Middle East and Africa), Industry Trends and Forecast to 2029
Market Analysis and Insights: Global Orthopedic Surgical Energy Devices Market
Global orthopedic surgical energy devices market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.8% in the forecast period of 2022 to 2029 and is expected to reach USD 1,640.21 million by 2029 from USD 877.52 million in 2021. The rising prevalence of osteoporosis, rise in incidence of sports and trauma injuries will propel the market's demand in the forecast period.
Orthopedic surgical devices are devices, which are implemented to correct the bone deformities and to restore the function of the human skeletal system. The orthopedic surgical energy devices use energy such as radiation, radio frequency and ultrasound, to seal the skin and bone tissue. The orthopedic surgical energy devices require an energy source, such as an electrosurgery generator (ESU), and an instrument to transfer the energy to the patient. The important types include radio frequency (RF), basically modified electrical current, and ultrasound, which converts electrical current into mechanical motion. More specialized technologies include those that use argon gas, plasma, or a combination of technologies.
The types of orthopedic surgical energy devices are handpieces and accessories. The orthopedic handpieces are used by doctors of the orthopedics department to create holes in bones. Common reasons for drilling bones in surgery are fixing implants and fitting prosthetic devices. The bone drill is sometimes referred to as a saw, and certain types can also be used manually, although this is less common at the present time. The orthopedic accessories assist in support and protection against injuries and sources of pain in the body.
In this mode of treatment, the orthopedic surgical energy devices are engineered to provide less pain after surgery for other factors, which give the orthopedic surgical energy devices, an edge over other existing surgical energy devices. The technological developments, aim to reduce the invasive pain caused during the bone surgery. The orthopedic surgical energy devices are applied for vital surgeries such as hip replacement, total hip arthroplasty, knee replacement, and total knee replacement.
The driving factors responsible for the growth of the global orthopedic surgical energy devices market are the increase in incidence of osteoporosis, rise in geriatric population, technological advancements in the orthopedic surgical devices, and rise in product launches. However, the factors which are expected to restrain the market are the high cost associated with the orthopedic surgical energy devices, rise in technical issues in orthopedic surgical energy devices, and lack of skilled professional. Moreover, the strategic initiatives by market players and the rise in healthcare expenditure bolsters the orthopedic surgical energy devices growth.
The global orthopedic surgical energy devices market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Orthopedic Surgical Energy Devices Market Scope and Market Size
Global orthopedic surgical energy devices market is segmented on the basis of product, technology, application, end user, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
The global orthopedic surgical energy devices market is categorized into five segments: product, technology, application, end-user, and distribution channel.
- On the basis of product, the global orthopedic surgical energy devices market is segmented into handpieces and accessories. In 2022, the handpieces segment is expected to dominate the global orthopedic surgical energy devices market due to the ease of use, better accuracy, and use of radiofrequency technology in the handpiece, which transfers energy for sealing and coagulation of soft tissue and bone.
- On the basis of technology, the global orthopedic surgical energy devices market is segmented into radiofrequency, radiation, ultrasound, microwave, and others. In 2022, the radio frequency segment is expected to dominate the global orthopedic surgical energy devices market since its minimally invasive technology to treat chronic pain in osteoporosis disease, safe to use, and minimal bruising.
- On the basis of application, the global orthopedic surgical energy devices market is segmented into hip, knee, and others. In 2022, the knee segment is expected to dominate the global orthopedic surgical energy devices market due to rise in prevalence of osteoarthritis and rise in knee replacement surgeries. For instance, in 2020, around one million knee replacement surgeries have been performed in the U.S.
- On the basis of end users, the global orthopedic surgical energy devices market is segmented into hospitals and clinics, ambulatory surgical centers (ASC), and others. In 2022, the hospital and clinic segment is expected to dominate the global orthopedic surgical energy devices market due to the availability of advanced orthopedic surgical energy devices, rise in count of patients admitted in hospitals, undergoing hip and knee replacements, and the rise in disposable income.
- On the basis of distribution channels, the global orthopedic surgical energy devices market is segmented into direct tenders and third-party distributors. In 2022, the direct tender segment is expected to dominate the global orthopedic surgical energy devices market due to the rise in contractual agreements between manufacturers and distributors for orthopedic surgical energy devices and equity in the tendering process.
Global Orthopedic Surgical Energy Devices Market Country Level Analysis
The global orthopedic surgical energy devices market is analysed, and market size information is provided by product, by technology, by application, by end user and by distribution channel.
The countries covered in the orthopedic surgical energy devices market report are U.S., Canada & Mexico, Germany, France, U.K., Italy, Spain, Russia, Belgium, Turkey, Switzerland, Netherlands, and Rest of Europe, Japan, China, Australia, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines & Rest of Asia-Pacific, Brazil, Argentina & Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel & Rest of the Middle East and Africa.
In 2021, North America is dominating due to the presence of the largest consumer market with high GDP, due to the presence of major market players, and increased technological advancement in the region.
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 such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major 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 sales channels are considered while providing forecast analysis of the country data.
The U.S. is dominating the global orthopedic surgical energy devices in the North America region due to rise in geriatric population, high health care expenditure in the country and technological advancements. Whereas, Germany is dominating the global orthopedic surgical energy devices in the Europe region due to presence of untapped opportunities in Germany for orthopedic surgical energy devices and increased prevalence cases of osteoporosis in Germany. Additionally, China is dominating the global orthopedic surgical energy devices in the Asia Pacific region due to increased awareness regarding the treatment for knee and hip replacements and favourable reimbursement scenario in China.
The growth potential orthopedic surgical energy devices in emerging economies and the strategic initiatives by market players are creating new opportunities in the global orthopedic surgical energy devices market
Global orthopedic surgical energy devices market also provides you with detailed market analysis for every country growth in a particular industry with wound debridement device sales, impact of advancement in the orthopedic surgical energy devices and changes in regulatory scenarios with their support for the orthopedic surgical energy devices market. The data is available for historic period 2019 to 2020.
Competitive Landscape and Global Orthopedic Surgical Energy Devices Market Share Analysis
Global orthopedic surgical energy devices 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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the orthopedic surgical energy devices market.
The major companies providing the global orthopedic surgical energy devices are Medtronic, Stryker, CONMED Corporation, KARL STORZ, Smith & Nephew, Auxein Medical, MatOrtho Limited, Zimmer Biomet, B. Braun Melsungen AG, boston Scientific Corporation, Soring GmbH, Apothecaries Sundries Mfg. Co., Nouvag AG, De Soutter Medical, Misonix (Bioventus, Inc), Olympus Corporation, DePuy Synthes (Johnson and Johnson, Inc.), ,and Portescap.
The strategic initiatives by market players along with new technological advancements for orthopedic surgical energy devices is smoothening the surgicaltreatment of orthopedic surgeries.
For instance,
- In January 2012, Medtronic had received approval from the Food and Drug Administration (FDA) for the Aquamantys SBS 5.0 Sheathed Bipolar Sealer. The Aquamantys SBS 5.0 Sheathed Bipolar Sealer was a new product added to the spine portfolio of the company. The approval received had ensured the availability and use of the Aquamantys SBS 5.0 Sheathed Bipolar Sealer.among orthopedics and spine surgeons for timely treatment of musculoskeletal disorders. It resulted in collaborations with orthopedics for the supply of the bipolar sealer.
Collaboration, joint ventures, and other strategies by the market player is enhancing the company market in the global orthopedic surgical energy devices market, which also provides the benefit for organisation to improve their offering for Treatment Products.
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