Surgical Power Tools Market - By Product (Handpiece, Disposables, Accessories), By Technology (Electric-operated, Battery-driven, Pneumatic), By Device Type (Large Bone, Medium Bone, Small Bone, High Speed Drilling Systems), By Application & Forecast, 2023-2032

Surgical Power Tools Market - By Product (Handpiece, Disposables, Accessories), By Technology (Electric-operated, Battery-driven, Pneumatic), By Device Type (Large Bone, Medium Bone, Small Bone, High Speed Drilling Systems), By Application & Forecast, 2023-2032

Surgical Power Tools Market Size

Surgical Power Tools Market size was worth more than USD 2 billion in 2022 and is expected to witness a 5.7% CAGR from 2023-2032. Technological advancements in surgical power tools are expected to complement the market expansion.
 

Rising prevalence of orthopedic disorders will proliferate the demand for surgical power tools to aid in orthopedic surgeries. Growing geriatric population, reduced bone health, and surging need for orthopedic care are accelerating the need for state-of-the-art surgical technologies. In recent years, the incidences of osteoporosis, osteoarthritis, and other orthopedic disorders have increased substantially. Additionally, rising cases of road accidents worldwide will augment the need for technological interventions to speed up orthopedic surgical procedures.
 

High cost of surgical power tools to impede product adoption

Higher costs associated with the adoption of surgical power tools could restrain overall industry performance. While the demand for highly advanced surgical tools is increasing due to the rising number of patients suffering from orthopedic, craniomaxillofacial, and spinal disorders, customer preferences are hindered by the astronomical prices of the product. Low and middle-income countries with fewer healthcare investments and lack of capital backing find it particularly difficult to procure expensive surgical technologies.
 

Surgical Power Tools Market Analysis

Surgical power tools market valuation from the handpiece product segment is estimated to reach over USD 1.5 billion by 2032. Handpiece tools are extensively used in orthopedic procedures with intricate requirements such as drilling, fixing guidewires and pins, and placing bone screws across a gamut of orthopedic applications. These tools offer a wide variety of benefits including smooth delivery, automatic optimization of power, and constant power. For instance, dental handpieces are widely used to fill cavities, clean teeth, remove tartar & plaque, and polish teeth. Increasing demand for handpieces for routine as well as complex dental procedures along with the growing dental tourism worldwide will pave the way for segment expansion.
 

Electric-operated power tools accounted for a 42% share in 2022. Electrically charged power tools are gaining momentum across a wide range of surgical applications due to their robust safety features such as internal fuses which help prevent accidental injuries. Surgeons are shifting toward electric instruments as they impart substantial flexibility in surgical procedures with speed-adjustment capabilities. Furthermore, these tools are easy-to-use and relatively cost-effective, attracting manufacturers as well as healthcare facilities to develop and adopt electric-operated power tools.
 

New studies pertaining to the prevention of COVID-19 transmission are further emphasising on electric tools. For instance, in October 2022, a group of researchers from the University of Leeds’ dentistry and civil engineering departments demonstrated the ability of electric dental drills to improve procedural efficiency and reduce the risk of COVID-19 infection in patients.
 

Surgical power tools market size from small bone power tools is anticipated to witness more than 5.5% CAGR between 2023-2032. Increasing focus on smaller bones and extremities is propelling the demand for these tools among surgeons. Small bone power tools are primarily used in procedures such as ankle surgery, maxillofacial surgery, hand surgery, and podiatry or foot surgery. Small pen-shaped drills are gaining significant demand in microsurgery and small bones. Increasing incidences of osteonecrosis and osteoarthritis will fuel the need for microsurgical interventions such as vascularized iliac bone flap transfer to restrict the progression of the disorder. Due to growing preference for these techniques to provide structural support, and restore blood supply, the demand for small bone power tools will pick pace in microsurgery.
 

In terms of revenue, the surgical power tools market share from ENT surgery applications is poised to surpass USD 599 million by 2032. ENT surgical power tools play a crucial role in procedures performed on the nose, ear, or throat to address health problems associated with smell, hearing, snoring, etc. Additionally, the rapid adoption of minimally invasive ENT surgeries owing to advantages such as reduced trauma to organs, less scarring, and faster recovery will emphasize the need for advanced surgical tools. Moreover, the rising prevalence of chronic sinusitis along with the presence of favorable reimbursement policies pertaining to ENT surgical procedures in developed countries will augment the segment demand.
 

Asia Pacific surgical power tools market demand is expected to surpass USD 1 billion by 2032. APAC is anticipated to offer lucrative business prospects for surgical power tool manufacturers owing to the increasing demand for minimally invasive devices in the region. The region is home to a robust geriatric population with increasing cases of traumatic fractures and orthopedic injuries. Additionally, the growing burden of chronic disorders such as orthopedic, neurological, and cardiovascular diseases will propel the adoption of surgical power tools in the region. For instance, according to the International Diabetes Federation, India accounts for the largest diabetic patient pool of 77 million individuals, which is projected to reach 134 million by 2045.
 

Surgical Power Tools Market Share

Some of the leading companies in the global surgical power tools market include

• Medical Bees GmbH
• Stryker Corporation
• Shanghai Bojin Medical Instrument Co. Ltd
• Orthopromed
• Zimmer Biomet
• Nouvag AG
• MatOrtho
• Exactech
• Medtronic
• DePuy Synthes (Johnson & Johnson)
• iMEDICOM
• B. Braun Melsungen AG
• DeSoutter Medical
• Adeor Medical AG
• AlloTech Co. LTD
• Smith and Nephew PLC.

These companies are focusing on product innovations and development for increased sales. For instance, in December 2021, DePuy Synthes announced the expansion of its power tools product suite with the addition of Unium System.
 

COVID-19 Impact

The COVID-19 pandemic negatively affected the surgical power tools business worldwide. It resulted in supply chain disruptions and immense pressure on the healthcare sector to cater to the burgeoning needs of patients with coronavirus infections. Additionally, due to rapidly increasing hospitalization rates and a surging number of COVID-19 patients, several healthcare facilities put a hold on surgical procedures and non-emergency elective surgeries. As a result, the need for surgical power tools across surgeries such as primary & revision hip/knee arthroplasty procedures reduced significantly. However, with growing healthcare investments in the post-pandemic era and increasing focus on strengthening the infrastructure, the demand for surgical power tools is anticipated to pick pace.
 

Surgical power tools market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and sales (Units) from 2018 to 2032 for the following segments

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By Product

• Handpiece
• Disposables
  • Drills (Perforators)
  • Saws
  • Staplers
  • Reamers
  • Blades
  • Burr
  • Shavers
• Accessories

By Technology

• Electric-operated Power Tools
• Battery-driven Power Tools
• Pneumatic Power Tools

By Device Type

• Large Bone Power Tools
• Medium Bone Power Tools
• Small Bone Power Tools
• High Speed Drilling Systems

By Application

• Orthopedic Surgery
  • Spine
  • Trauma
  • Joint
  • Craniomaxillofacial
  • Others
• Dental Surgery
• ENT Surgery
• Neurology Surgery
• Cardiothoracic Surgery
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE