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Surgical Power Tools Market Size By Product (Handpiece, Disposables {Drills/Perforators, Saws, Staplers, Reamers, Blades, Burrs, Shavers}, Accessories), By Technology (Electric-operated Power Tools, Battery-driven Power Tools, Pneumatic Power Tools), By Device Type (Large Bone Power Tools, Medium Bone Power Tools, Small Bone Power Tools, High Speed Drilling Systems), By Application (Orthopedic Surgery {Spine, Trauma, Joint, Craniomaxillofacial}, Dental Surgery, ENT Surgery, Neurology Surgery, Cardiothoracic Surgery), COVID19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI4767
  • Published Date: May 2021
  • Report Format: PDF

Industry Trends

Surgical Power Tools Market size exceeded USD 1.8 billion in 2020 and is poised to grow at a CAGR of over 6.5% between 2021 and 2027. The increasing prevalence of orthopedic disorders coupled with rising number of orthopedic surgeries will offer numerous market growth opportunities. Surgical power tools provide ease in use and convenience to the operator. Surgical power tools are high in demand pertaining to advantages such as optimal performance, better reliability, and longer life cycle.

Surgical Power Tools Market Overview

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Surgical power tools are powered instruments and accessories used to fixate, shape, cut, and dissect bone as well as to emulsify, aspirate and fragment soft tissue in several surgical procedures. Surgical power tools are implemented in a wide range of surgeries including sports medicine, reconstructive and extremities as well as spinal, neurosurgery, and ENT (ear, nose & throat) operatives.

The surgical power tools are classified as class I medical devices and are subject to certain regulatory guidelines. Surgical power tools are regulated by the U.S. Food and Drug Administration (FDA). The devices that are included under Class I devices are considered low-risk devices and majority of these devices are, thereby exempted from premarket notification 510(k). Although, Class I devices have to meet manufacturing and quality control compliances. The manufacturers producing devices classified under class I has to register and list their product with the FDA. Similarly, in Europe, Medical Device Directive (MDD) monitors the medical devices regulations.

According to European framework, surgical power tools are classified as Class I medical devices that exhibit lowest perceived risk. The manufacturers, however, are required to inform a brief about the devices to the Competent Authority of the Member State. Thus, the regulatory requirements may reduce the pace of product commercialization, while some products may fail to get approval. In addition to this, the high cost of the surgical power tools and lack of skilled professionals, especially in the developing economies will restrict the industry growth.

The emergence of COVID-19 pandemic is an unprecedented health concern across the globe and has negatively impacted the surgical power tools market. Outbreak of SARS-CoV-2 has disrupted the supply chain and put restrictions on trade and movement of goods, thereby affecting the business. COVID-19 has generated concern among critically affected patients that are facing issues to undergo surgical procedures.

Rising prevalence of neurological disorders will drive the market expansion

Increase in neurological disorders across the globe is one of the prime factors fuelling the market progression. The global burden of neurological disorders, as a leading cause of death and disability has grown in recent years, given the increasing number of the aging population. According to the Lancet Journal, neurological disorders are the second leading cause of death after cardiac diseases and are responsible for around 16% of global deaths as well as 276 million global DALYs (disability-adjusted life-years). This severity of neurological disorders is resulting in the increasing numbers of patients suffering from the disease and the mortality rate of these diseases.

Electrically powered neurosurgical drills are frequently used as a substitute for pneumatic surgical drills. This is attributed to their relative affordability and independent power system; electric motors are projected to witness huge demand in the coming years. Furthermore, the manufacturers of neurosurgery surgical power tools are aiming at growing their geographical presence, increase product safety, improve overall image of the brand, and provide cost effective products. These factors are predominantly driven by the rising incidence of neurological disorders, higher awareness of treatments, and growing investments in healthcare. As a result, manufacturers are increasingly focusing on geographical expansion and product penetration, thereby fostering the global industry positively.

Numerous benefits offered by surgical handpiece will stimulate the market revenue

Handpiece segment captured 47% of the surgical power tools market share in 2020 owing to multiple advantages such as automatic optimization of power, smooth delivery and compatibility with wide range of attachments. These instruments are versatile and can be used in various surgeries, ranging from drilling and reaming in long bone surgeries to intramedullary screws and nails in wound management.

Rising preference for electric-operated power tools will spur the demand for surgical power tools

Surgical power tools market for electric-operated segment is expected to significantly expand at a 6.4% growth rate by 2027 due to enhanced safety precautions including internal fuses to prevent accidental injuries. Electrically driven power tools offer consistent torque that remains constant even with resistance and higher load. Surgeons are increasingly giving preference to electric power instruments as their speed can be adjusted, enabling high flexibility in surgeries. Patients prefer electric surgical tools as they don't produce vibratory sensations. This patient satisfaction further translates to optimistic online reviews and drives patient retention. Thus, these tools are highly recommended in a wide range of surgeries.

Growing number of large bone procedures will propel the surgical power tools market value

Large bone power tools segment accounted for more than USD 529 million in 2020 led by growing number of large bone surgeries such as knee arthroplasty, hip arthroplasty and others.  According to a report by the Osteoarthritis Research Society International, approximately 130 million people will suffer owing to osteoarthritis by 2050 worldwide. Increasing prevalence of conditions such as osteoporosis, osteoarthritis and hip fractures is majorly driving the number of large bone surgeries.

Increasing application of surgical power tools in orthopedic surgeries will augment the market demand

Surgical Power Tools Market Size

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Orthopaedic surgery segment in the surgical power tools market captured USD 903 million revenue in 2020 on account of rise in number of sports and road accidents along with high adoption of minimally invasive surgical procedures. As per the Insurance Institute for Highway Safety (IIHS) and Highway Loss Data Institute (HLDI), in 2019, there were 33,244 fatal motor vehicle accidents in the U.S. resulting in 36,096 deaths. Moreover, in developed nations, severe limb trauma demanding hospitalization rises 50% of the time from falls and 15–20% from road traffic accidents. Growing incidence of accidents will increase the acceptance rate of power tools in orthopedic surgeries.

Presence of major market players in North America region will influence the regional growth

Global Surgical Power Tools Market

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U.S. surgical power tools market is anticipated to expand at a 5% CAGR by 2027 impelled by several factors including favorable reimbursement scenario, growing adoption of advanced surgical instruments by surgeons, and rising number of surgeries across the country. Furthermore, rising FDA approvals, surge in the number of product launches, and increasing number of minimally invasive surgeries are contributing to the industry expansion. These surgeries incorporate power-driven surgical instruments, thereby augmenting the industry progression in the U.S.

Germany dominated the Europe market and was valued at over USD 98 million in 2020 driven by the high healthcare expenditure and growing geriatric populace in the country. Germany has highest healthcare expenditure in Europe. The per capita healthcare expenditure of the country shows substantial growth from USD 4,612 in 2010 to USD 5,472 in 2018. Approximately 11.4% of GDP expenditure is spent on healthcare system. Additionally, elderly population is predicted to grow by 41% and 24 million by 2050, accounting for nearly one-third of the total population. The geriatric population is susceptible to neurological, orthopaedic, cardiothoracic and other disorders, requiring a surgical procedure.

Strategic initiatives implemented by major market players will spur the market growth

Some of the major companies operating in the market are Medtronic plc, Stryker Corporation, Zimmer Biomet, Orthopromed, Nouvag AG, Medical Bees GmbH, MatOrtho, Exactech, DePuy Synthes (Johnson & Johnson), B. Braun Melsungen AG, iMEDICOM, DeSoutter Medical, Adeor medical AG, Shanghai Bojin Medical Instrument Co. Ltd, and AlloTech Co. LTD. The major leaders focus on strategic collaborations, mergers and partnerships in order to expand their business and launch new products to strengthen the product portfolio. These participants are investing in research and development activities that allow these players to garner maximum revenue share.

Recent industry developments:

  • In December 2020, Medtronic received FDA clearance for integrating Midas Rex high-speed drilling system and implementation of navigation-based interbody features into Mazor Robotic Guidance System. This helped the company to fortify the product portfolio and expand the business into surgical robotic systems field. 
  • In November 2020, Stryker Corporation acquired Wright Medical, a company centered on extremities and biologics. This acquisition enhanced the company's overall status in extremities and trauma segment, and extended reach to a large pool of patients.

Surgical power tools market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

Market, By Product, 2016 - 2027 (USD Million)

  • Handpiece
  • Disposables
    • Drills (Perforators)
    • Saws
    • Staplers
    • Reamers
    • Blades
    • Burr
    • Shavers
  • Accessories

Market, By Technology, 2016 - 2027 (USD Million)

  • Electric-operated Power Tools
  • Battery-driven Power Tools
  • Pneumatic Power Tools

Market, By Device Type, 2016 - 2027 (USD Million)

  • Large Bone Power Tools
  • Medium Bone Power Tools
  • Small Bone Power Tools
  • High Speed Drilling Systems

Market, By Application, 2016 - 2027 (USD Million)

  • Orthopedic Surgery
    • Spine
    • Trauma
    • Joint
    • Craniomaxillofacial
    • Others
  • Dental Surgery
  • ENT Surgery
  • Neurology Surgery
  • Cardiothoracic Surgery
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Authors: Sumant Ugalmugle, Rupali Swain

Frequently Asked Questions (FAQ) :

The market for surgical power tools generated USD 1.8 billion in 2020 and is projected to expand at around 6.5% CAGR through 2027.

Handpiece segment dominated the surgical power tools industry in 2020 with over 47% revenue share and will grow owing to multiple benefits such as smooth delivery, automatic power optimization, and compatibility with a range of attachments.

The demand for electric-operated power tools could increase at about 6.4% CAGR through 2027 as they provide enhanced safety through internal fuses and help prevent accidental injuries.

Surgical power tools industry size from orthopedic surgery was recorded at USD 903 million in 2020 and should grow considering the rising number of road accidents, sports injuries, and demand for minimally invasive procedures.

The market for surgical power tools in the U.S. could expand at a 5% CAGR over 2021-2027 led by the rising number of surgeries in the country and a favorable reimbursement scenario.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 15
  • Tables & Figures: 385
  • Countries covered: 19
  • Pages: 235

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