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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


Report ID : IR1001957 | Industries : Food and Beverage | Published On :June 2024 | Page Count : 250

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  • 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