North America Orthopedic Power Tools Market Size & Outlook
The orthopedic power tools market in North America is expected to reach a projected revenue of US$ 943.3 million by 2030. A compound annual growth rate of 2.6% is expected of North America orthopedic power tools market from 2024 to 2030.
Revenue, 2023 (US$M)
$790.4
Forecast, 2030 (US$M)
$943.3
CAGR, 2024 - 2030
2.6%
Report Coverage
North America
North America orthopedic power tools market, 2018-2030 (US$M)
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North America orthopedic power tools market highlights
- The North America orthopedic power tools market generated a revenue of USD 790.4 million in 2023.
- The market is expected to grow at a CAGR of 2.6% from 2024 to 2030.
- In terms of segment, large bone orthopedic power tools was the largest revenue generating product in 2023.
- High-speed orthopedic power tools is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 790.4 million |
| Market revenue in 2030 | USD 943.3 million |
| Growth rate | 2.6% (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) |
| Key market players worldwide | Stryker Corp, Conmed Corp, Medtronic PLC, Johnson & Johnson, B. Braun Medical, Zimmer Biomet Holdings Inc, Nakanishi Inc, Shanghai Bojin Medical Instrument, Richard Wolf, DIMEDA, Arbutus Medical, medical bees, Arthrex, GPC Medical, Auxein Medical, De Soutter Medical Limited, MicroAire, Kaiser Medical Group |
Other key industry trends
- In terms of revenue, North America region accounted for 46.2% of the global orthopedic power tools market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 461.1 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
| Name | Profile | # Employees | HQ | Website |
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North America orthopedic power tools market size, by country, 2018-2030 (US$M)
North America Orthopedic Power Tools Market outlook Share, 2023 & 2030 (US$M)
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