Meticulous Research®—a leading global market research company, published a research report titled, ‘Surgical Power Tools Market by Product (Drill, Saw, Reamer, Shaver, Wire Driver, Power Source, Accessories), Application (Orthopedic, Neuro, Dental, ENT, Cardiothoracic), Usage (Reusable, Disposable), End User (Hospital, Clinic)—Global Forecast to 2029.’




According to this latest publication from Meticulous Research®, the global surgical power tools market is expected to register a CAGR of 4.3% to reach $3.12 billion by 2029. The rising number of aging people, the increasing prevalence of orthopedic and neurological disorders, and a surge in technological advancements related to surgical power tools drive the market growth.




Surgical Power Tools Market: Future Outlook

The global surgical power tools market is segmented by Product (Handpieces {Drills, Saws, Reamers, Shavers, Wire/Pin Drivers, Other Handpieces}, Power Sources & Controls {Electric consoles, Battery, Pneumatic Regulators }, Accessories {Surgical Accessories, Electrical Accessories, Other Accessories}), Application (Orthopedic Surgery, Neurosurgery, Dental and Craniomaxillofacial Surgery, ENT Surgery, Cardiothoracic Surgery, Plastic & Reconstructive Surgery ), Usage, (Reusable, Disposable), End User, (Hospitals, ASCs and Clinics), and Geography. The study also evaluates industry competitors and analyzes their market share at global and regional levels.




Based on product, the handpieces segment is expected to account for the largest share of the global surgical power tools market in 2022. The large market share of this segment is attributed to its efficient usage in various surgeries and compatibility with numerous attachments.




Based on application, the global surgical power tools market is segmented into orthopedic surgery, neurosurgery, dental and craniomaxillofacial surgery, ENT surgery, cardiothoracic surgery, and plastic & reconstructive surgery. In 2022, the orthopedic surgery segment is expected to account for the largest share of the global surgical power tools market due to the increasing prevalence of orthopedic disorders, rising number of orthopedic surgeries, and adoption of minimally invasive orthopedic surgeries.




Based on usage, the global surgical power tools market is segmented into reusable tools and disposable tools. In 2022, the reusable tools segment is expected to account for the largest share of the global surgical power tools market due to the need for cost efficiency and minimizing waste.




Based on end user, the hospitals segment is expected to account for the largest share of the global surgical power tools market in 2022. The large market share of this segment is attributed to the growing demand for orthopedic and neurological disorders. Hospitals are the first lines of approach to patients suffering from any disorder.




This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa.




In 2022, North America is expected to account for the largest share of the global surgical power tools market. The growth of this market in North America is primarily driven by the high adoption of advanced surgical instruments and growing preferences for minimally invasive surgeries. Furthermore, increasing number of surgeries due to chronic diseases and favorable reimbursement scenario also support the market growth in the region.




Key Players:

The key players operating in the global surgical power tools market are Medtronic Plc (Ireland), ConMed Corporation (U.S.), B. Braun Melsungen AG (Germany), Zimmer Biomet Holdings, Inc. (U.S.), Johnson & Johnson (U.S.), Stryker Corporation (U.S.), De Soutter Medical Limited (U.K.), AlloTech Co. Ltd. (South Korea), Smith & Nephew plc (U.K), and NOUVAG AG (Switzerland).




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Scope of the Report:




Surgical Power Tools Market, by Product

Handpieces
Drills
Saws
Reamers
Shavers
Wire/Pin Drivers
Other Handpieces
Power Source & Controls
Electric Consoles
Batteries
Pneumatic Regulators
Accessories
Surgical Accessories
Electrical Accessories
Other Accessories




Surgical Power Tools Market, by Application

Orthopedic Surgery
Neurosurgery
Dental and Craniomaxillofacial Surgery
ENT Surgery
Cardiothoracic Surgery
Plastic & Reconstructive Surgery




Surgical Power Tools Market, by Usage

Reusable Tools
Disposable Tools




Surgical Power Tools Market, by End User

Hospitals
ASCs and Clinics




Surgical Power Tools Market, by Geography

North America
S.
Canada
Europe
Germany
K.
France
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific (APAC)
China
Japan
India
Rest of APAC (RoAPAC)
Latin America
Brazil
Mexico
Rest of Latin America (RoLATAM)
Middle East & Africa




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