Surgical Power Tools Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032
The Global Surgical Power Tools Market Size accounted for USD 2.1 Billion in 2022 and is projected to achieve a market size of USD 3.5 Billion by 2032 growing at a CAGR of 5.5% from 2023 to 2032.
Surgical Power Tools Market Highlights
- Global surgical power tools market revenue is expected to increase by USD 3.5 Billion by 2032, with a 5.5% CAGR from 2023 to 2032
- North America region led with more than 39% of surgical power tools market share in 2022
- Asia-Pacific surgical power tools market growth will record a CAGR of around 7% from 2023 to 2032
- The World Health Organization (WHO) estimates that approximately 234 million surgical procedures are performed worldwide each year
- The electric powered segment is the fastest-growing segment in the market, with a CAGR of 6.6% during the forecast period
- Increasing number of surgical procedures performed worldwide, drives the surgical power tools market value
Surgical power tools are medical devices that are used in surgical procedures to help cut, drill, saw, or shape bones and other hard tissues in the human body. These tools are designed to make the surgical process faster, more accurate, and less invasive, which can lead to better patient outcomes and faster recovery times. Surgical power tools include a range of devices such as drills, saws, reamers, and burrs, among others.
The surgical power tools market has been growing steadily in recent years due to a combination of factors, including an increase in the number of surgical procedures being performed worldwide, advancements in surgical technology, and a growing aging population. The growth in the market can also be attributed to the increasing demand for minimally invasive surgical procedures, which require specialized surgical power tools that can perform precise and intricate tasks in a confined space. Additionally, the rising prevalence of chronic diseases such as orthopedic, cardiovascular, and neurological disorders has also contributed to the growth of the surgical power tools market, as these conditions often require surgical intervention that involves the use of power tools. As the demand for these tools continues to increase, manufacturers are investing in research and development to produce innovative and technologically advanced products to meet the growing needs of the market.
Global Surgical Power Tools Market Trends
Market Drivers
- Increasing number of surgical procedures performed worldwide
- Advancements in surgical technology
- Growing aging population
- Increasing demand for minimally invasive surgical procedures
- Rising prevalence of chronic diseases
Market Restraints
- High cost of surgical power tools
- Risks associated with the use of power tools in surgery
Market Opportunities
- Growing adoption of robotic-assisted surgical procedures
- Increasing focus on outpatient surgical procedures and home healthcare
Surgical Power Tools Market Report Coverage
| Market | Surgical Power Tools Market |
| Surgical Power Tools Market Size 2022 | USD 2.1 Billion |
| Surgical Power Tools Market Forecast 2032 | USD 3.5 Billion |
| Surgical Power Tools Market CAGR During 2023 - 2032 | 5.5% |
| Surgical Power Tools Market Analysis Period | 2020 - 2032 |
| Surgical Power Tools Market Base Year | 2022 |
| Surgical Power Tools Market Forecast Data | 2023 - 2032 |
| Segments Covered | By Product, By Application, By Technology, By End User, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | Stryker Corporation, Johnson & Johnson (DePuy Synthes), Medtronic plc, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, ConMed Corporation, MicroAire Surgical Instruments LLC, Karl Storz GmbH & Co. KG, Smith & Nephew plc, Integra LifeSciences Corporation, Becton, Dickinson and Company (BD), and Olympus Corporation. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Surgical power tools are medical devices that are used in a wide range of surgical procedures to cut, shape, or remove hard tissue such as bone or cartilage. These tools are powered by electricity, compressed air, or battery, and are designed to provide precise and controlled cutting and drilling actions with minimal damage to surrounding tissue.
Surgical power tools find applications in various fields of medicine such as orthopedics, neurology, cardiothoracic surgery, and dentistry, among others. In orthopedics, surgical power tools are commonly used in joint replacement surgeries, spinal surgeries, and trauma surgeries. In neurology, these tools are used in brain and spinal cord surgeries to remove tumors or treat neurological disorders. In cardiothoracic surgery, surgical power tools are used in procedures such as sternotomy, thoracotomy, and video-assisted thoracoscopic surgery (VATS).
The global surgical power tools market has been growing steadily in recent years and is expected to continue its growth trajectory in the coming years. The market growth can be attributed to several factors, including the increasing number of surgical procedures being performed worldwide, advancements in surgical technology, and the growing aging population. Additionally, the rise in the prevalence of chronic diseases such as orthopedic, cardiovascular, and neurological disorders has also contributed to the growth of the market, as these conditions often require surgical intervention that involves the use of power tools.
Surgical Power Tools Market Segmentation
The global surgical power tools market segmentation is based on product, application, technology, end user, and geography.
Surgical Power Tools Market By Product
- Surgical drill
- Power source
- Reamer
- Surgical saw
- Accessories
According to the surgical power tools industry analysis, the surgical drill segment accounted for the largest market share in 2022. Surgical drills are widely used in orthopedic, neurology, and dental surgeries to perform precise and controlled bone drilling procedures. The growth of this segment can be attributed to the increasing number of surgeries being performed worldwide, as well as the rising demand for minimally invasive procedures that require specialized surgical drills. Furthermore, technological advancements and the development of innovative surgical drills, such as battery-powered drills, are also expected to drive the growth of the surgical drill segment in the coming years. However, the high cost of surgical drills and the risk of injury associated with their use may hinder the growth of this segment in some regions.
Surgical Power Tools Market By Application
- Orthopedic Surgery
- Spine and Neuro Surgery
- Cardiothoracic Surgery
- Others
In terms of applications, the orthopedic surgery segment is expected to witness significant growth in the coming years. Orthopedic surgery involves the diagnosis, treatment, and prevention of musculoskeletal disorders, and is performed to restore the normal functioning of bones, joints, ligaments, and muscles. The growth of this segment can be attributed to the increasing prevalence of orthopedic disorders, such as osteoporosis, arthritis, and bone fractures, as well as the growing aging population. The demand for surgical power tools in the orthopedic surgery segment is being driven by the increasing number of orthopedic surgeries being performed worldwide.
Surgical Power Tools Market By Technology
- Electric operated
- Pneumatic operated
- Battery operated
According to the surgical power tools market forecast, the electric operated segment is expected to witness significant growth in the coming years. Electrically powered surgical tools are widely used in various surgical procedures, including orthopedic, cardiovascular, neurological, and dental surgeries, among others. The growth of this segment can be attributed to the increasing number of surgical procedures being performed worldwide and the growing demand for minimally invasive procedures that require specialized electrically powered surgical tools. The demand for electric operated surgical power tools is being driven by several factors, including the increasing prevalence of chronic diseases that require surgical intervention, technological advancements, and the development of innovative surgical tools. The electric operated surgical power tools offer several advantages over conventional surgical tools, including higher precision, accuracy, and speed, which are critical in complex surgical procedures.
Surgical Power Tools Market By End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Based on the end user, the hospitals segment is expected to continue its growth trajectory in the coming years. Hospitals are the primary healthcare facilities where surgical procedures are performed, and the demand for surgical power tools is directly linked to the number of surgeries being performed. The growth of this segment can be attributed to several factors, including the increasing number of surgical procedures being performed worldwide, the growing focus on patient safety and outcome, and the expansion of healthcare infrastructure. Moreover, the hospitals segment is expected to benefit from the increasing adoption of minimally invasive surgical procedures, which require specialized surgical power tools that can perform precise and intricate tasks in a confined space.
Surgical Power Tools Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Surgical Power Tools Market Regional Analysis
North America is one of the dominant regions in the surgical power tools market and is expected to continue to hold a significant share in the coming years. The dominance of the North American region can be attributed to several factors, including the high healthcare expenditure, well-established healthcare infrastructure, and the presence of major players in the region. The growing prevalence of chronic diseases, increasing demand for minimally invasive surgical procedures, and the rise in the aging population are also significant factors driving the growth of the surgical power tools market in North America. Furthermore, the presence of advanced healthcare facilities and the availability of advanced surgical power tools are expected to further drive the growth of the market in this region. Moreover, the growing focus on improving patient outcomes and safety, coupled with increasing government initiatives to modernize healthcare facilities, is expected to provide significant growth opportunities for the surgical power tools market in North America.
Surgical Power Tools Market Player
Some of the top surgical power tools market companies offered in the professional report include Stryker Corporation, Johnson & Johnson (DePuy Synthes), Medtronic plc, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, ConMed Corporation, MicroAire Surgical Instruments LLC, Karl Storz GmbH & Co. KG, Smith & Nephew plc, Integra LifeSciences Corporation, Becton, Dickinson and Company (BD), and Olympus Corporation.
Frequently Asked Questions
What was the market size of the global surgical power tools in 2022?
The market size of surgical power tools was USD 2.1 Billion in 2022.
What is the CAGR of the global surgical power tools market from 2023 to 2032?
The CAGR of surgical power tools Tools is 5.5% during the analysis period of 2023 to 2032.
Which are the key players in the surgical power tools market?
The key players operating in the global market are including Stryker Corporation, Johnson & Johnson (DePuy Synthes), Medtronic plc, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, ConMed Corporation, MicroAire Surgical Instruments LLC, Karl Storz GmbH & Co. KG, Smith & Nephew plc, Integra LifeSciences Corporation, Becton, Dickinson and Company (BD), and Olympus Corporation.
Which region dominated the global surgical power tools market share?
North America held the dominating position in surgical power tools industry during the analysis period of 2023 to 2032.
Which region registered fastest CAGR from 2023 to 2032?
Asia-Pacific region exhibited fastest growing CAGR for market of surgical power tools during the analysis period of 2023 to 2032.
What are the current trends and dynamics in the global surgical power tools industry?
The current trends and dynamics in the surgical power tools industry include increasing number of surgical procedures performed worldwide, advancements in surgical technology, and increasing demand for minimally invasive surgical procedures.
Which product held the maximum share in 2022?
The surgical drill product held the maximum share of the surgical power tools industry.
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