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
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSurgical 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.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Surgical Power Tools Market Size in 2022 | USD 2.11 billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 5.7% |
| 2032 Value Projection | USD 3.72 billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 260 |
| Tables, Charts & Figures | 447 |
| Segments covered | Product, Technology, Device Type, Application, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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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
Power tools used in surgeries are predicted to grow into a huge market, with one part of it, the handpieces, expected to be worth over $1.5 billion by 2032. These handpieces are especially helpful in bone surgeries, where they're used for drilling, guiding wires and pins, and putting in screws. These handpieces are pretty handy because they make the surgery smoother, automatically adjust their power, and keep a steady level of power. Take dental handpieces, for example. They're commonly used to fill cavities, clean teeth, get rid of tartar and plaque, and polish teeth up. With more and more people going for dental tourism, and the number of both routine and complex dental procedures on the rise, the demand for handpieces is bound to keep growing.
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.
Expect the market for surgical power tools designed for delicate bones to grow at an impressive rate of over 5.5% annually from 2023 to 2032. Why the surge? Surgeons are increasingly focusing on these smaller bones and limbs, driving demand for these specialized tools. These small bone power tools are essential for highly precise surgeries, such as those involving the ankle, jaw, hands, and feet. Tiny, pen-like drills are becoming particularly popular in the world of microsurgery, where they tackle intricate procedures with ease. Unfortunately, diseases like osteonecrosis and osteoarthritis are on the rise, leading to the need for microsurgical techniques that can help prevent these conditions from getting worse. These techniques, such as vascularized iliac bone flap transfer, rely heavily on small bone power tools. As more surgeons adopt these methods to restore bone strength and circulation, the demand for these tools in microsurgery is only going to increase.
Surgical power tools used in ear, nose, and throat (ENT) surgeries are expected to bring in over $599 million by 2032. These tools help doctors fix problems with our noses, ears, and throats, like how we smell, hear, and breathe. More and more surgeries are being done in a less invasive way, which means smaller cuts, less scarring, and faster healing. This is making surgical power tools even more important. Also, chronic sinusitis is becoming more common, and more and more people are able to get ENT surgeries paid for by insurance in developed countries. These factors are all driving up the demand for ENT surgical power tools.
Get ready for a boom in Asia's surgical power tools market! By 2032, it's expected to hit over a billion bucks. Why the surge? People are going for less invasive surgeries these days. And with Asia's aging population, there's a growing crowd with broken bones and joint problems. Plus, chronic diseases like diabetes, nervous system issues, and heart trouble are on the rise. Just take India, for example. It's got the most diabetes patients in the world, and that number is only going to keep climbing. That means more and more people needing surgery, and more demand for surgical power tools.
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 turned life upside down, and the market for surgical tools was no exception. Factories that made these tools were hit by supply chain issues. Meanwhile, hospitals were swamped with COVID-19 patients, and many other surgeries had to be put on hold. This meant that the need for surgical tools like power drills and saws took a nosedive. But here's the good newsas the pandemic eases and healthcare systems get back on their feet, the demand for these tools is expected to pick up again. Governments and hospitals are investing in better medical facilities, which will only increase the need for surgical power tools.
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 Click here to Buy Section of this Report
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
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