According to the report of International Osteoporosis Foundation, the incidence of osteoporosis in men over 50 years varied from 5.7% (Slovakia) to 6.9% (Sweden) in Europe. The incidence of osteoporosis in women fluctuated from 19.3% (Cyprus) to 23.4% (Italy). Osteoporosis is a chronic illness in which the bones turn fragile and brittle owing to the deficiency of vitamin D. If a person has osteoporosis then the person will be at a greater risk for unexpected bone fractures. The World Health Organization (WHO) data stated that around 200 million people are projected to have osteoporosis in 2020. Though osteoporosis affects females and males, females are more expected to develop osteoporosis than men.
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Data Bridge Market Research analyses that the Orthopedic Surgical Energy Devices Market is expected to reach USD 1,640.21 million by 2029 from USD 877.52 million in 2021, growing with the healthy CAGR of 7.80% in the forecast period of 2022 to 2029. The increasing demand for the orthopedic surgical energy devices across medical sector will provide potential opportunities for the market growth in the forecast period.
The growing geriatric population is expected to drive the market's growth rate
The huge growth in the number of patients owing to the increasing geriatric population globally contributed considerably to the growth of the orthopedic surgical energy devices market during the forecast period. According to the report of Population Reference Bureau, the share of the global population over the age of 65 increased to 9 percent in 2019. The global population aged 65 years or above this age was around 703 million in 2019. This growth in the geriatric population augmented the the demand for medical care and propelled healthcare expenditure. These factors augmented the demand for orthopedic surgical energy devices products and are expected to drive the market growth during the forecast period.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Handpieces and Accessories), Technology (Radiation, Radiofrequency, Ultrasound, Microwave, Others), Application (Hip, Knee), End User (Hospital & Clinic, Ambulatory Surgical Centers (ASCs), and Others),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Zimmer Biomet (U.S), Smith & Nephew (U.K.), Medtronic (Ireland), Stryker (U.S), 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.K.) and Johnson & Johnson Services, Inc. (U.S)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The orthopedic surgical energy devices market is segmented on the basis of product, technology, application and end user.
- On the basis of product, the global orthopedic surgical energy devices market is segmented into hand pieces and accessories.
The hand pieces segment of product segment is anticipated to dominate the orthopedic surgical energy devices market
The hand pieces segment is expected to dominate the global orthopedic surgical energy devices market with a CAGR of 8.3% in the forecast period of 2022 to 2029 owing to the better accuracy, ease of use and use of radiofrequency technology in hand pieces, which transfers energy for coagulation and sealing of soft bone and tissue.
- On the basis of technology, the global orthopedic surgical energy devices market is segmented into radiofrequency, radiation, ultrasound, microwave, and others.
The radio frequency segment of technology segment is anticipated to dominate the orthopedic surgical energy devices market
The radio frequency segment is expected to dominate the global orthopedic surgical energy devices market with a CAGR of 9.1% in the forecast period of 2022 to 2029 because radio frequency is minimally invasive technology which is to treat chronic pain in osteoporosis disease and safe to use with minimal bruising.
- On the basis of application, the global orthopedic surgical energy devices market is segmented into hip, knee and others. In 2022, the infectious disease testing segment is expected to dominate the global orthopedic surgical energy devices market with a CAGR of 8.2% in the forecast period of 2022 to 2029 owing to increase in prevalence of knee replacement surgeries and osteoarthritis. For instance, around one million knee replacement surgeries was performed in 2020 across the U.S.
- On the basis of end user, 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 with a CAGR of 8.1% in the forecast period of 2022 to 2029 owing to the availability of advanced orthopedic surgical energy devices, increase in count of patients admitted in hospitals, and surge in disposable income.
- On the basis of distribution channel, the global orthopedic surgical energy devices market is segmented into direct tender and third party distributors. In 2022, the direct tender segment is expected to dominate the global orthopedic surgical energy devices market with a CAGR of 8.0% in the forecast period of 2022 to 2029 owing to the increase in contractual agreements between distributors and manufacturers for orthopedic surgical energy devices and equity in the tendering process.
Major Players
Data Bridge Market Research recognizes the following companies as the major orthopedic surgical energy devices market players in orthopedic surgical energy devices market Zimmer Biomet (U.S), Smith & Nephew (U.K.), Medtronic (Ireland), Stryker (U.S), 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).
Market Development
- In 2021, Stryker launched tendon fixation device system in trauma and extremities division. This new tendon fixation device system comprises resorbable technology called Citregen. This technology is better for the orthopedic surgical applications. This launch would bring a new development to the trauma and extremities division product range.
- In 2021, Canary Medical and Zimmer Biomet announced the De Novo classification grant and post-market approval for a knee implant named Persona I.Q. This support from the Food and Drug Administration which would result in the addition of a new product in the expansion of the orthopedic business line.
- In 2020, Portescap has declared the introduction of three new surgical motors for small bone orthopedic applications, namely the B0912N4023 Small Bone Gearmotor (9.6V - 1.1K RPM), B0912N4024 Small Bone Gearmotor (9.6V - 12.8K RPM) and B0912N1016 Small Bone Motor (9.6V– 38K RPM).
- In 2020, OLYMPUS acquired FH ORTHO, an international orthopedics company in France. This acquisition explains that OLYMPUS could increase the orthopedic surgical devices of FH ORTHO. This company would be able to develop in orthopedic minimally invasive surgery in the evolving countries.
Regional Analysis
Geographically, the countries covered in the orthopedic surgical energy devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
North America is the dominant region in orthopedic surgical energy devices market during the forecast period 2022 to 2029
North America is expected to dominate the market and is expected to grow significantly due to the augmented technological advancements in this region. North America will continue to dominate the orthopedic surgical energy devices market in terms of market revenue and market share and will continue to flourish its dominance in upcoming years owing to the growing healthcare expenditure.
Asia-Pacific is estimated to be the fastest-growing region in orthopedic surgical energy devices market the forecast period 2022 to 2029
Asia-Pacific region is likely to register the highest growth rate during the forecast period of 2022 to 2029 owing to the increasing prevalence of geriatric population India, China and Japan in this region. Furthermore, the increasing presence of key market players and rising disposable income are expected to boost the market's growth rate in this region.
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