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Surgical Power Tools Market By Product (Surgical Drill, Surgical Saw, Reamer, Power Source, Accessories), Technology (Electric Operated Power Tools, Battery Operated Power Tools, Pneumatic Operated Power Tools), Application (Orthopedic Surgeries, Dental Surgeries, ENT Surgeries), End-User (Hospitals, Clinics, Ambulatory Surgical Centers), & Region for 2024-2031


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Surgical Power Tools Market By Product (Surgical Drill, Surgical Saw, Reamer, Power Source, Accessories), Technology (Electric Operated Power Tools, Battery Operated Power Tools, Pneumatic Operated Power Tools), Application (Orthopedic Surgeries, Dental Surgeries, ENT Surgeries), End-User (Hospitals, Clinics, Ambulatory Surgical Centers), & Region for 2024-2031

Surgical Power Tools Market Valuation – 2024-2031

The increasing demand for efficient and precise instruments advances in minimally invasive surgery demand specialized power instruments with higher precision and control. In addition, the increased emphasis on patient safety and results push medical professionals to invest in innovative surgical technology such as power instruments to reduce surgical complications and improve patient recovery which helps the market surpass revenue of USD 1.94 Billion valued in 2024 and reach a valuation of around USD 2.93 Billion by 2031.

The advancements in minimally invasive procedures require the use of advanced power tools to improve precision and shorten healing time. In addition, the rising prevalence of chronic diseases and trauma cases raises the demand for surgical operations enabling the market to grow at a CAGR of 5.80% from 2024 to 2031.

Surgical Power Tools MarketDefinition/ Overview

Surgical power tools are essential tools for current surgical procedures that improve precision, efficiency, and safety. These instruments include a wide range of equipment powered by electricity or compressed air and designed to perform a variety of functions during surgical procedures. The surgical power tools have various benefits including shorter operation times, less tissue stress, and better surgical outcomes.

The surgical power tools are widely used across a variety of medical disciplines, transforming surgical operations with their precision, efficiency, and versatility. In orthopedic surgery, these tools help with bone contouring, drilling, and fixation, making procedures like orthopedic trauma repair and joint replacement surgeries easier.

The advancement in material science and engineering will result in the creation of lighter, more ergonomic equipment, lowering fatigue and increasing surgeon comfort during lengthy procedures. In addition, as healthcare systems try to maximize their resources and cut costs, surgical power tools will evolve to simplify procedures, decrease recovery periods, and ultimately enhance patient outcomes.

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Will Increasing Cases of Neurological Disorders Drive the Surgical Power Tools Market?

The increasing incidence of neurological illnesses particularly among the elderly is significantly driving the global surgical power tools market. As the number of people suffering from neurological problems increases so does the demand for neurosurgeries to treat these conditions. This trend is mostly due to the aging population which is more prone to neurological ailments contributing to a higher burden of disorders. Thus, the use of surgical power instruments in neurosurgery including minimally invasive approaches has increased significantly. The increased preference for minimally invasive neurosurgeries particularly in emerging markets drives up demand for surgical power tools.

Therefore, the global market for surgical power tools continues to grow to treat neurological illnesses with complex surgical procedures due to which there is significant growth in the surgical power tools market.

Will the Increasing Cost Hinder the Expansion of the Surgical Power Tools Market?

The overall success of the surgical power tools sector may be limited due to the greater expenses involved with their adoption. Despite the growing demand for highly improved surgical equipment which is being driven by an increase in the number of patients suffering from orthopedic, craniomaxillofacial, and spinal problems, customer preferences are hampered by high costs. This difficulty is especially severe in poor and middle-income nations which have fewer healthcare investments and a lack of capital support acquiring expensive surgical technologies more challenging.

Various healthcare facilities frequently struggle to obtain the most recent advances in surgical power instruments reducing their ability to deliver optimal care to patients in need.

The initiatives taken to lower manufacturing costs, improve technology transfer, and foster collaborations among healthcare providers, governments, and industry stakeholders are vital to overcoming these obstacles and improving healthcare outcomes for all.

Category-Wise Acumens

Will an Increase in Adoption of Surgical Tools Improve the Surgical Power Tools Market?

Surgical drills are essential tools in orthopedic, neurological, and dental operations allowing for precise and fast bone drilling and tissue removal. The advancement in surgical procedures and technologies has resulted in a broader range of surgical operations increasing the demand for surgical drills. The frequency of chronic diseases has increased significantly over the world requiring an increase in surgical treatments.

The increasing usage of surgical power tools in healthcare facilities, driven by the benefits of increased precision, shorter surgery times, and better patient outcomes, contributes significantly to the surgical drill segment’s domination. As healthcare providers continue to prioritize the adoption of new surgical solutions to address patients’ changing needs, demand for surgical drills is likely to stay strong, strengthening its position as the leading product segment in the surgical power tools market.

Will the Increasing Orthopedic Diseases Benefit the Surgical Power Tools Market?

Orthopedic diseases, also known as musculoskeletal disorders, encompass a broad range of conditions that affect the joints, muscles, bones, ligaments, tendons, and other connective tissues in the body. These conditions can range from acute injuries such as sprains and fractures to chronic diseases like osteoporosis, osteoarthritis, rheumatoid arthritis, and scoliosis. The rising incidence of these conditions requires a corresponding increase in orthopedic surgeries to address the associated symptoms and complications.

The advancements in medical technology and surgical techniques have made orthopedic procedures more accessible and effective further fueling the demand for surgical interventions. In addition, the rising awareness and acceptance of orthopedic treatments among patients contribute to the growing demand for surgical power tools as healthcare providers strive to meet the increasing needs of their patient population.

Orthopedic surgery will be necessary for the group of patients indicating a potential increase in demand for such procedures. The increasing frequency of illnesses such as osteoporosis and osteoarthritis is expected to drive up demand for orthopedic procedures.

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Country/Region-wise Acumens

Will Technological Advancements Benefit the North American Region?

The technological improvements are critical for driving this industry ahead by allowing surgeons to conduct procedures with higher precision and accuracy. A variety of causes contribute to the expanding demand for surgical power instruments including increased awareness of face abnormality correction surgical procedures and the growing requirement for sophisticated medical interventions. In addition, North America benefits from having several well-known healthcare facilities and services that not only assist the implementation of new surgical procedures but also attract skilled doctors to the region.

The North American market for surgical power tools is booming because more people are caring about their facial appearance and there are cool new technologies making surgeries better. These fancy technologies help surgeons be super precise making surgeries safer and giving better results. Lots of big companies are making these tools and hospitals are quickly picking them up because they are useful as well the government is getting involved too by spreading the word about the surgical tools. For example, they set up the to teach people about the benefits of using surgical tools.

How will the Surgical Power Tools Market Favor in Asia Pacific?

The region has a significant elderly population, which is characterized by a rising prevalence of traumatic fractures and orthopedic injuries. Also, the incidence of chronic disorders such as orthopedic, neurological, and cardiovascular diseases is increasing in Asia Pacific by driving the use of surgical power instruments for treatment. The aging population in APAC is a major driver of the surgical power tools market since the elderly are more prone to orthopedic disorders and injuries that require surgical intervention. Traumatic fractures, osteoporosis-related fractures, and degenerative joint illnesses are common in the elderly population requiring the use of surgical power tools for fracture fixing, joint reconstruction, and other orthopedic treatments. According to the , India has the greatest diabetic patient population (77 million) and is expected to grow to 134 million by 2045.

The Asia Pacific region presents an ideal environment for the growth of the surgical power tools market owing to factors such as rising demand for minimally invasive procedures, a growing geriatric population, rising prevalence of chronic diseases, and technological advancements in surgicalThe Asia Pacific region presents an ideal environment for the growth of the surgical power tools market owing to factors such as rising demand for minimally invasive procedures, a growing geriatric population, rising prevalence of chronic diseases, and technological advancements in surgical procedures.

Competitive Landscape

The surgical power tools market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the 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
  • Braun Melsungen AG
  • DeSoutter Medical
  • Adeor Medical AG
  • AlloTech Co. LTD
  • Smith and Nephew PLC.

Latest Developments

  • In December 2021, DePuy Synthes launched the UNIUM system. This is a motorized tool set designed for minor bone and trauma treatments. It is also suitable for sports medicine, chest procedures, and spinal surgeries. The rate and complexity of small bone and trauma surgery have increased over the years requiring the development of enhanced technologies to meet fundamental needs such as compact, and ergonomic systems.
  • In March 2023, Stryker Corporation’s CD NXT power tool offered real-time, accurate, and consistent digital depth assessment during numerous surgical operations. CD NXT streamlined instrumentation and surgical stages providing accurate and repeatable measurements while eliminating errors usually associated with manual depth gauges. The technology operates independently of the implant system allowing for widespread adoption in the market.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

Growth Rate

CAGR of ~5.80% from 2024 to 2031

Base Year for Valuation

2024

HISTORICAL PERIOD

2021-2023

FORECAST PERIOD

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Product
  • Technology
  • Application
  • End-User
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

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

Customization

Report customization along with purchase available upon request

Surgical Power Tools Market, By Category

Product

  • Surgical Drill
  • Surgical Saw
  • Reamer
  • Power Source
  • Accessories

Technology

  • Electric Operated Power Tools
  • Battery Operated Power Tools
  • Pneumatic Operated Power Tools

Application

  • Orthopedic Surgeries
  • Dental Surgeries
  • ENT Surgeries

End User

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )