Global Surgical Power Tools Market by Product (Drill, Saw, Reamer, Shaver, Wire Driver, Power Source, and Accessories), Application (Orthopedic, Neuro, Dental, ENT, and Cardiothoracic), Usage (Reusable and Disposable), End User (Hospital and Clinic), and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 – 2027
Global Surgical Power Tools Market
Global Surgical Power Tools Market was valued at USD 2,275.2 million in 2021 which expected to reach USD 2,984.87 million by 2027, at a CAGR from 2022-2027.
Device used in bone or bone fragment surgery is referred to as a surgical power tool. These power tools for surgery are made for screwing, reaming, drilling, and sawing. In orthopaedic surgery, traumatology, neurology, and ENT surgery, surgical power tools are most frequently used. The use of these technologies enables surgeons to perform surgeries with more accuracy and precision, making them the most crucial component of contemporary surgical procedures.
Market Driver
The rise in the incidence of chronic diseases, the rise in the number of surgical procedures, and the rise in the population of elderly people are the main factors driving the growth of the global surgical power tool market. The surgical power tools market is predicted to develop as more procedures, including orthopaedic surgery, cardiothoracic surgery, brain and spine surgery, and others, are performed. To carry out sophisticated and delicate duties, surgical power tools are utilised in a variety of orthopaedic, neurological, plastic, and reconstructive procedures. They are employed to cut, shape, and remove soft tissues, bone, and cartilage. Additionally, they are employed for delicate activities including drilling and reaming as well as the insertion of screws and plates into bone.
Market Restraint
Several small hospitals and medical facilities might not be able to buy surgical power instruments due to their high cost which is estimated to hamper the market growth during the forecast period. The adoption of these instruments by surgeons is being constrained by the high acquisition and maintenance expenses of these devices, particularly reusable devices. As a result, it is believed that this factor has limited market expansion. For instance, a battery-operated ortho drill and saw will cost approximately $916.65. The market's expansion is further hampered by the high cost of orthopaedic, cardiology, and neurological surgical treatments.
COVID-19 Impact
The market for surgical power instruments has been significantly impacted by the COVID-19 outbreak. During the epidemic, the surgical procedures were either postponed or abandoned. Individuals avoided going to the hospital for fear of contracting COVID-19. Only emergency measures were carried out during the epidemic under strict regulations. Supply chain disruptions brought on by trade restrictions imposed by practically every nation also had an impact on market expansion.
Market Segmentation
Global Surgical Power Tools Market is segmented into Product such as Drill, Saw, Reamer, Shaver, Wire Driver, Power Source, and Accessories. Furthermore, the Market is bifurcated into Application such as Orthopedic, Neuro, Dental, ENT, and Cardiothoracic. Moreover, market is divided into Usage such as Reusable and Disposable. Furthermore, market is classified into End User such as Hospital and Clinic.
Regional Analysis
Global Surgical Power Tools Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America holds the major market share in the coming years due to the rise in brain operations, accidental bone fractures, and other neurological conditions. The region's market expansion is also fueled by the availability of qualified neurosurgeons, a strong healthcare system, and rising public awareness of minimally invasive procedures. Also, higher FDA approvals for recently introduced devices as well as new product launches by significant regional market players support the expansion of this industry.
Key Development
In November 2021, The UNIUM System, the newest Power Tool, was introduced by Johnson & Johnson subsidiary DePuy Synthes. This system can be utilised for tiny bone, sports medicine, spine, and thoracic treatments and is very dependable and effective in the trauma scenario. The company's surgical power tool range will be strengthened with the introduction of UNIUM System.
In June 2021, Stryker announced their collaboration with Texas Health Hospital Mansfield. The hospital will use the whole line of Stryker products to assist in their mission to end injury to patients and healthcare professionals in operating rooms.
Key Players
Various key players are listed in the Global Surgical Power Tools Market including- Arthrex, Inc., B Braun Melsungen AG, CONMED Corporation, GPC Medical Ltd., Johnson & Johnson, Medtronic plc, Portescap Inc., Sharma Orthopedic, Stryker Corporation, and Zimmer Biomet Holding Inc.
Market Taxonomy
By Product
• Drill
• Saw
• Reamer
• Shaver
• Wire Driver
• Power Source
• Accessories
By Application
• Orthopedic
• Neuro
• Dental
• ENT
• Cardiothoracic
By Usage
• Reusable
• Disposable
By End User
• Hospital
• Clinic
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Surgical Power Tools Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Surgical Power Tools Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Surgical Power Tools Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Surgical Power Tools Market Share Analysis, By Product
5.3 Global Surgical Power Tools Market Size and Forecast, By Product
5.3.1. Drill
5.3.2. Saw
5.3.3. Reamer
5.3.4. Shave
5.3.5. Wire Driver
5.3.6. Power Source
5.3.7. Accessories
6 Global Surgical Power Tools Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Surgical Power Tools Market Share Analysis, By Application
6.3 Global Surgical Power Tools Market Size and Forecast, By Application
6.3.1 Orthopedic
6.3.2. Neuro
6.3.3. Dental
6.3.4. ENT
6.3.5. Cardiothoracic
8 Global Surgical Power Tools Market, By Usage
8.1 Y-o-Y Growth Comparison, By Usage
8.2 Global Surgical Power Tools Market Share Analysis, By Usage
8.3 Global Surgical Power Tools Market Size and Forecast, By Usage
8.3.1. Reusable
8.3.2. Disposable
9 Global Surgical Power Tools Market, By End User
9.1 Y-o-Y Growth Comparison, By End User
9.2 Global Surgical Power Tools Market Share Analysis, By End User
9.3 Global Surgical Power Tools Market Size and Forecast, By End User
9.3.1. Hospitals
9.3.2. Clinics
9.3.3. Others
10 Global Surgical Power Tools Market, By Region
10.1. Global Surgical Power Tools Market Share Analysis, By Region
10.2 .Global Surgical Power Tools Market Size and Forecast, By Region
11 North America Surgical Power Tools Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 North America Surgical Power Tools Market Share Analysis, By Product
11.3 North America Surgical Power Tools Market Size and Forecast, By Application
11.4 Asia Pacific Surgical Power Tools Market Size and Forecast, By Usage
11.5 North America Surgical Power Tools Market Size and Forecast, By End User
11.6 North America Surgical Power Tools Market Size and Forecast, By Country
11.6.1 U.S.
11.6.2.Canada
11.6.3. Mexico
12 Europe Surgical Power Tools Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Surgical Power Tools Market Share Analysis, By Product
12.3 Europe Surgical Power Tools Market Size and Forecast, By Application
12.4 Asia Pacific Surgical Power Tools Market Size and Forecast, By Usage
12.5 Europe Surgical Power Tools Market Size and Forecast, By End User
12.6 Europe Surgical Power Tools Market Size and Forecast, By Country
12.6.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13 Asia Pacific Surgical Power Tools Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia Pacific Surgical Power Tools Market Share Analysis, By Product
13.3 Asia Pacific Surgical Power Tools Market Size and Forecast, By Application
13.4 Asia Pacific Surgical Power Tools Market Size and Forecast, By Usage
13.5 Asia Pacific Surgical Power Tools Market Size and Forecast, By End User
13.6 Asia Pacific Surgical Power Tools Market Size and Forecast, By Country
13.6.1 China
13.6.2 Japan
13.6.3 India
13.6.4. Rest of Asia Pacific
14 6atin America Surgical Power Tools Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Surgical Power Tools Market Share Analysis, By Product
14.3 Latin America Surgical Power Tools Market Size and Forecast, By Application
14.4 Asia Pacific Surgical Power Tools Market Size and Forecast, By Usage
14.5 Latin America Surgical Power Tools Market Size and Forecast, By End User
14.6 Latin America Surgical Power Tools Market Size and Forecast, Country
14.6.1. Brazil
14.6.2. Rest of Latin America
15 Middle East Surgical Power Tools Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Surgical Power Tools Market Share Analysis, By Product
15.3 Middle East Surgical Power Tools Market Size and Forecast, By Application
15.4 Asia Pacific Surgical Power Tools Market Size and Forecast, By Usage
15.5 Middle East Surgical Power Tools Market Size and Forecast, By End User
15.6 Middle East Surgical Power Tools Market Size and Forecast, By Country
15.6.1. Saudi Arabia
15.6.2. UAE
15.6.3. Egypt
15.6.4. Kuwait
15.6.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 Arthrex, Inc.
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2. B Braun Melsungen AG
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. CONMED Corporation
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 GPC Medical Ltd
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Johnson & Johnson
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Medtronic plc
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Portescap Inc.
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Sharma Orthopedic
17..8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Stryker Corporation
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Zimmer Biomet Holding Inc.
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies
17.11 Conmed Corporation
17.11.1 Overview
17.11.2 Offerings
17.11.3 Key Financials
17.11.4 Business Segment & Geographic Overview
17.11.5 Key Market Developments
17.11.6 Key Strategies
