U.S. Orthopedic Power Tools Market Size & Outlook
The orthopedic power tools market in the United States is expected to reach a projected revenue of US$ 829.2 million by 2030. A compound annual growth rate of 2.3% is expected of the United States orthopedic power tools market from 2024 to 2030.
Revenue, 2023 (US$M)
$705.9
Forecast, 2030 (US$M)
$829.2
CAGR, 2024 - 2030
2.3%
Report Coverage
U.S.
U.S. orthopedic power tools market, 2018-2030 (US$M)
Related Markets
U.S. orthopedic power tools market highlights
- The U.S. orthopedic power tools market generated a revenue of USD 705.9 million in 2023 and is expected to reach USD 829.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2.3% 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.
Orthopedic power tools market data book summary
| Market revenue in 2023 | USD 705.9 million |
| Market revenue in 2030 | USD 829.2 million |
| Growth rate | 2.3% (CAGR from 2023 to 2030) |
| Largest segment | Large bone orthopedic power tools |
| Fastest growing segment | High-speed orthopedic power tools |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 41.3% of the global orthopedic power tools market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. orthopedic power tools market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 74.5 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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U.S. orthopedic power tools market size, by product, 2018-2030 (US$M)
U.S. Orthopedic Power Tools Market outlook Share, 2023 & 2030 (US$M)
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