Surgical Power Tools Market Will Reach at USD 2,484.87 million by 2028

PRESS RELEASE
Published April 13, 2023

Surgical Power Tools market report bestows clients with the best results and for the same it has been produced by using integrated approaches and latest technology. With this market report it becomes easier to establish and optimize each stage in the lifecycle of industrial process that includes engagement, acquisition, retention, and monetization. This market report gives wide-ranging analysis of the market structure and the evaluations of the various segments and sub-segments of the Healthcare industry. Not to mention, several charts and graphs have been used effectively in the widespread Surgical Power Tools report to represent the facts and figures in a proper way.

To provide an absolute overview of the Healthcare industry, Surgical Power Tools market document covers various aspects of market analysis, product definition, market segmentation, key developments, and the existing vendor landscape. This market research report conducts a precise analysis of current scenario of the market, which covers several market dynamics. This global market report is built by chewing over several fragments of the present and upcoming market scenario because an utter way to forecast what future holds is to comprehend the trend today. This professional and wide-ranging Surgical Power Tools market report focuses on primary and secondary drivers, market share, market size, leading segments, and geographical analysis.

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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Market KeyPlayers Covered in This Report:

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

Global Surgical Power Tools Market Country Level Analysis

  • U.S., Canada and Mexico in North America
  • Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
  • China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
  • Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA)
  • Brazil, Argentina and Rest of South America as part of South America.

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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.

The global surgical power tools market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

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Global Surgical Power Tools Market Scope and Market Size

Global surgical power tools market is categorized into six notable segments which are based on basis of product, technology, device type, application, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • 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.
  • On the basis of distribution channel, the global surgical power tools market is segmented into direct tenders and third party distribution. In 2021, direct tenders segment is expected to the market due to low cost device procurement and large dependence of hospitals among other end users on direct tenders.

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Highlights of TOC:

  • Chapter 1: Market overview
  • Chapter 2: Surgical Power Tools market analysis
  • Chapter 3: Regional analysis of the Induction Surgical Power Tools industry
  • Chapter 4: Market segmentation based on types and applications
  • Chapter 5: Revenue analysis based on types and applications
  • Chapter 6: Market share
  • Chapter 7: Competitive Landscape
  • Chapter 8: Drivers, Restraints, Challenges, and Opportunities
  • Chapter 9: Gross Margin and Price Analysis

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