North America Orthopedic Surgical Energy Devices Market, By Product (Hand Pieces and Accessories), Technology (Radiation, Radiofrequency, Ultrasound, Microwave, and Others), Application (Hip and Knee), End User (Hospital and Clinic, Ambulatory Surgical Centres (ASCs), and Others), Distribution Channel (Direct Tender and Third Party Distributors) – Industry Trends and Forecast to 2031.
North America Orthopedic Surgical Energy Devices Market Analysis and Size
The orthopedic surgical energy devices market has witnessed significant advancements, with the latest methods and technologies driving remarkable growth. Surgeons increasingly utilize innovative energy-based tools for precision and efficiency in orthopedic procedures. This evolution signifies a transformative shift in surgical techniques, fostering enhanced patient outcomes and accelerating the market's expansion. For instance, the World Health Organization (WHO) data stated that around 200 million people are projected to have osteoporosis in 2020. While both genders are affected, females are more prone to developing osteoporosis compared to males.
The North America orthopedic surgical energy devices market size was valued at USD 471.82 million in 2023 and is projected to reach USD 847.76 million by 2031, with a CAGR of 7.6% during the forecast period 2024 to 2031. This indicates that the market value. 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.
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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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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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 (Hand Pieces and Accessories), Technology (Radiation, Radiofrequency, Ultrasound, Microwave, and Others), Application (Hip and Knee), End User (Hospital and Clinic, Ambulatory Surgical Centres (ASCs), and Others), Distribution Channel (Direct Tender and Third Party Distributors)
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Countries Covered
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U.S., Canada and Mexico
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Market Players Covered
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Medtronic (Ireland), Stryker (U.S.), CONMED Corporation (U.S.), KARL STORZ SE & Co. KG (Germany), Smith & Nephew (U.K.), Auxein (India), MatOrtho Limited (U.K.), Zimmer Biomet (U.S.), B. Braun SE (Germany), Boston Scientific Corporation (U.S.), Söring GmbH (Germany), Apothecaries Sundries Mfg. Private Limited. (India), NOUVAG AG (Switzerland), De Soutter Medical (U.K.), Bioventus (U.S.), Olympus Corporation (Japan), Johnson & Johnson Private Limited (U.S.), and Portescap (U.S.)
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Market Opportunities
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Market Definition
Orthopedic surgical energy devices are specialized tools used in orthopedic surgeries to cut, coagulate, dissect, or manipulate tissue using various forms of energy such as electricity, ultrasonic vibrations, or laser beams. These devices help surgeons perform procedures with precision, minimizing blood loss and reducing surgical time. Common examples include electrocautery units, ultrasonic bone scalpel systems, and radiofrequency ablation devices.
North America Orthopedic Surgical Energy Devices Market Dynamics
Drivers
- Rising Incidence of Orthopedic Conditions
The surge in orthopedic conditions such as osteoarthritis, fueled by an aging population, is amplifying demand for orthopedic surgical procedures. Consequently, this trend is propelling the market for energy devices utilized in these surgeries. For instance, as the number of hip and knee replacements rises globally due to aging demographics, the demand for energy devices such as bone saws, drills, and ultrasonic devices for these procedures significantly contributes to market growth.
- Growing Awareness and Acceptance
As patients gain greater awareness of the advantages offered by orthopedic surgeries, there's a notable surge in acceptance of these treatments. Consequently, healthcare providers are witnessing a heightened demand for orthopedic surgeries, which in turn fuels the need for advanced energy devices. For instance, the increased awareness of minimally invasive knee replacement procedures has led to a rise in patient acceptance, consequently driving the demand for energy devices used in these surgeries.
Opportunities
- Rising Focus Outpatient and Ambulatory Settings
The increasing preference for outpatient and ambulatory orthopedic procedures is fueling demand for portable, compact energy devices. For instance, advancements in ultrasonic technology have led to the development of handheld devices such as ultrasonic scalpels, facilitating precise bone cutting in ambulatory settings. This shift towards portable solutions not only enhances patient convenience but also drives market growth by catering to the evolving needs of healthcare providers and patients.
- Rising Demand for Minimally Invasive Surgeries
The shift towards minimally invasive orthopedic surgeries is driving the adoption of energy devices, facilitating procedures through smaller incisions. This approach reduces blood loss, accelerates patient recovery, and minimizes post-operative complications. For instance, the use of advanced radiofrequency ablation devices in arthroscopic knee surgeries enables precise tissue removal with minimal trauma, leading to improved patient outcomes. Consequently, the demand for such energy devices continues to rise, propelling market growth.
Restraints/Challenges
- Competition from Alternative Technologies
Competition from traditional manual instruments and emerging non-energy-based technologies poses a significant challenge to the expansion of the orthopedic surgical energy devices market. The availability of alternative methods may deter healthcare providers from adopting energy-based devices, limiting market growth and market share for these specialized tools.
- Device Compatibility and Integration
Device compatibility and integration issues pose significant hurdles in the orthopedic surgical energy devices market. The technical complexities involved in integrating these devices with existing surgical equipment and workflows demand additional investments in infrastructure and training, discouraging market growth and adoption.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In October 2023, Enovis, a US-based medical tech firm specializing in orthopedics, acquired Limacorporate S.p.A., an Italian leader in implants for shoulder, knee, elbow, and hip surgeries, enhancing its global footprint and product portfolio
- In January 2023, Orthofix Medical Inc. introduced the Mariner Deformity Pedicle Screw System, leveraging Mariner’s modular technology to offer comprehensive deformity surgery solutions with fewer surgical trays
- In March 2022, Exactech, Inc. launched the Equinoxe Humeral Reconstruction Prosthesis across Europe, addressing proximal humeral bone loss with innovative design. Available in major European markets, including Italy, France, Spain, Germany, and Great Britain, it expanded treatment options for patients
- In September 2021, Stryker unveiled its tendon fixation device system at the AOFAS annual meeting, augmenting its biomaterial portfolio. This bioresorbable material, suitable for trauma injuries, expanded treatment options in orthopedic hospitals and clinics across North America and Europe
North America Orthopedic Surgical Energy Devices Market Scope
The market is segmented on the basis of product, technology, application, end user, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Hand Pieces
- Accessories
Technology
- Radiation
- Radiofrequency
- Ultrasound
- Microwave
- Others
Application
- Hip
- Knee
End User
- Hospital and Clinic
- Ambulatory Surgical Centres (ASCs)
- Others
Distribution Channel
- Direct Tender
- Third Party Distributors
North America Orthopedic Surgical Energy Devices Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by country, product, technology, application, end user, and distribution channel as referenced above.
The countries covered in the market report are U.S., Canada and Mexico.
U.S. is expected to dominate the orthopedic surgical energy devices market, fueled by key players and a robust GDP. With the world's highest household spending and trade agreements, it stands as a prime market for such products, bolstered by technological advancements and major industry presence.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the market. The data is available for historic period 2016-2021.
Competitive Landscape and North America Orthopedic Surgical Energy Devices Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Some of the major players operating in the market are:
- Medtronic (Ireland)
- Stryker (U.S.)
- CONMED Corporation (U.S.)
- KARL STORZ SE & Co. KG (Germany)
- Smith & Nephew (U.K.)
- Auxein (India)
- MatOrtho Limited (U.K.)
- Zimmer Biomet (U.S.)
- B. Braun SE (Germany)
- Boston Scientific Corporation (U.S.)
- Söring GmbH (Germany)
- Apothecaries Sundries Mfg. Private Limited. (India)
- NOUVAG AG (Switzerland)
- De Soutter Medical (U.K.)
- Bioventus (U.S.)
- Olympus Corporation (Japan)
- Johnson & Johnson Private Limited (U.S.)
- Portescap (U.S.)
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