Global surgical power tools market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.6% in the forecast period of 2021 to 2028 and is expected to reach USD 2,484.87 million by 2028 from USD 1,763.10 million in 2020. Technological advancements in multifunctional surgical power tools and increasing need for surgical power tools globally are the major drivers which propelled the demand of the market in the forecast period.
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Surgical power tools are used for performing surgeries on bone or bone fragments, among other types. These power tools help in reaming, sawing, drilling, screwing, and other procedures. It includes a handpiece, disposables, and accessories. Handpieces used for surgeries are generally of two types of electric handpieces and air-driven handpieces; however, with rapid research and development, high torque electric handpieces have also been discovered. Major surgical procedures where these tools can be employed involve orthopedic surgery, ENT surgery, neurology surgery, dental surgery, and cardiothoracic surgery. The discovery of such power tools has revolutionized surgical procedures by making the overall procedure efficient and flawless.
Surgical power tools play a major role during the surgeries. Surgical power tools are the equipment’s and instruments which are used during the several surgeries and give several advantages including power optimization, smooth delivery and compatibility with wide range of attachments which enhances its usage among surgeons. Moreover introduction of electrically powered surgical power tools has attracted surgeons and they usually prefers these electric instruments for their high speed which enhances the flexibility rate of surgeries.
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Global Surgical Power Tools Market Scope and Market Size
On the basis of product, the global surgical power tools market is segmented into handpiece, disposables and accessories. In 2021, the handpiece segment is expected to dominate the market due to its automatic power optimization feature, smooth surgical delivery, and high compatibility rate with a wide range of accessories and disposables. Handpieces are used for various surgical procedures ranging from drilling to reaming, boosting the market growth.
On the basis of technology, the global surgical power tools market is segmented into electric-operated power tools, battery-driven power tools, pneumatic power tools, others. In 2021, the electric-operated power tools segment is expected to dominate the market as this instrument offers constant torque even with high resistance and higher load. Moreover, enhanced safety precautions associated with accidental injuries have been lowered by introducing electrically operated power tools, accelerating market growth. Electric-powered power tools do not produce any vibratory sensation, enhancing their demand in the market.
On the basis of device type, the global surgical power tools market is segmented into large bone power tools, small bone power tools, medium bone power tools, others. In 2021, the large bone power tools segment is expected to dominate the market due to the rise in the prevalence of osteoarthritis, osteoporosis, and hip fractures, among other large bone injuries. Moreover, the growing number of knee arthroplasty, among others, is providing the market with lucrative growth.
On the basis of application, the global surgical power tools market is segmented into orthopedic surgery, ENT surgery, neurology surgery, dental surgery, cardiothoracic surgery, others. In 2021, the orthopedic surgery segment is expected to dominate the market due to the rise in a number of sorts and road accidents and the high adoption of minimally-invasive surgical procedures.
On the basis of end user, the global surgical power tools market is segmented into hospitals, ambulatory surgical centers (ASC), clinics, others. In 2021, the hospitals segment is expected to dominate the market due to the rise in number of surgeries and demand for devices that can cut off the overall surgery time and high-cost pressure.
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Global Surgical Power Tools Market Country Level Analysis
U.S. is dominating the market due to an increase in application of surgical power tools in orthopedic surgeries and advantages of surgical power tools. In Europe, Germany is expected to grow with the fastest CAGR in the forecast period due to the increasing demand & availability of surgical power tools, rising R&D activities, and increasing orthopedic disorders. Japan is dominating due to rise in preference for electric-operated power tools and rise in prevalence of neurological disorders.
Competitive Landscape and Global Surgical Power Tools Market Share Analysis
Global surgical power tools 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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to global surgical power tools market.
The major companies providing surgical power tools are Medtronic, Stryker, Zimmer Biomet, OrthoPromed, NOUVAG AG, Medical Bees Gmbh, Exactech, Inc., DePuy Synthes (The Orthopedic company of Johnson & Johnson Services, Inc.), B. Braun Melsungen AG, CONMED Corporation, Adeor Medical AG, Arthrex, Inc., Shanghai Bojin Medical Instruments CO., Ltd, Chongqing Xishan Science & Technology Co., Ltd., Sharma Orthopedic India Pvt Ltd, gpcmedical, NSK LTD., Sharplinegroup, MatOrtho Limited, IMEDICOM, maxon, PUSM MEDICAL, Komet Medical, Wuhu Ruijin Medical Instrument & Device Co., ltd., Aygun co., Inc., 3M, De Soutter Medical, AlloTech Co.,LTD among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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