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Bone Power Tools Market Demand Analysis by 2029

Bone Power Tools Market is expected to undergo a CAGR of 9.00% during the forecast period 2022 to 2029

Data Bridge Market Research analyses that the bone power tools market which was USD 25.87 billion in 2021, would rocket up to USD 51.55 billion by 2029, and is expected to undergo a CAGR of 9.00% 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.

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The market for bone power tools are expected to grow during forecast period. Power tools are now employed in every phase of orthopaedic surgery, from pulse lavage for wound management to drilling and reaming for the placement of screws and intramedullary nails in long bone fractures. Further improvements have been made to these tools to make them lighter for user convenience.

Power tool was designed to be more dependable, efficient, and comfortable to use, for a better surgical experience and better results. Its intended applications include drilling, reaming, burring, screwing, tapping, sawing, and setting pins and cables in traumatology and orthopaedic surgery. The bone power tools include drills, saws, chisels, and other tools designed to help surgeons and perform bone surgery more efficiently.

Growing demand for orthopaedic operations, an increase in minimally invasive procedures, an increase in hip, wrist, and spine fractures, as well as the advantages of being simple to construct, lightweight, and cost-effective, are some of the reasons driving the market’s expansion from 2022 to 2029. On the other hand, widespread use of cutting-edge technology will increase a number of market opportunities and fuel the expansion of the bone power tools market during the forecast period.

North America dominates the bone power tools market due to the high prevalence of minimally invasive procedures, rising geriatric population base and rise in orthopaedic and spinal procedures. Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the growing awareness amongst people regarding skeletal deformities and adoption of advanced techniques.

The major players operating in the Bone Power Tools Market are Zimmer Biomet (U.S.), Smith+Nephew (Germany), Medtronic (Ireland), Stryker (U.S.), B. 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 (India), 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 Private Limited (U.S.) among others.

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