Global Orthopedic Power Tools Market Size & Outlook
The orthopedic power tools industry worldwide is expected to reach a projected revenue of US$ 2,211.3 million by 2030. A compound annual growth rate of 3.7% is expected of the worldwide orthopedic power tools industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,709.1
Forecast, 2030 (US$M)
$2,211.3
CAGR, 2024 - 2030
3.7%
Report Coverage
Worldwide
Global orthopedic power tools market, 2018-2030 (US$M)
Related Markets
Global orthopedic power tools market highlights
- The global orthopedic power tools market generated a revenue of USD 1,709.1 million in 2023 and is expected to reach USD 2,211.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 3.7% by 2030.
- In terms of segment, large bone orthopedic power tools accounted for a revenue of USD 496.2 million in 2023.
- High-speed orthopedic power tools is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Denmark is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,709.1 million |
| Market revenue in 2030 | USD 2,211.3 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Large bone orthopedic power tools |
| Fastest growing segment | High-speed orthopedic power tools |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Large bone orthopedic power tools, High-speed orthopedic power tools, Small bone orthopedic power tools, Others (Accessories and reamers) |
Other key industry trends
- In terms of revenue, the North America accounted for 46.2% of the global orthopedic power tools market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Denmark is the fastest growing regional market and is projected to reach USD 12.9 million by 2030.
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Orthopedic Power Tools Market outlook Scope
Orthopedic power tools market segmentation & scope
Orthopedic Power Tools Market outlook Companies
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Global orthopedic power tools market size, by regions, 2018-2030 (US$M)
Top 10 countries: Orthopedic power tools market size, 2023 (US$M)
Global orthopedic power tools market share, by product, 2023 & 2030 (%, US$M)
Orthopedic power tools market: Opportunity assessment by country
Global orthopedic power tools market, by region, 2023 (US$M)
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