Surgical Power Tools Market Size

Surgical Power Tools Market Size

Surgical Power Tools Market size was worth more than USD 2 billion in 2022 and is expected to witness a 5.7% CAGR from 2023-2032. Technological advancements in surgical power tools are expected to complement the market expansion.

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Rising prevalence of orthopedic disorders will proliferate the demand for surgical power tools to aid in orthopedic surgeries. Growing geriatric population, reduced bone health, and surging need for orthopedic care are accelerating the need for state-of-the-art surgical technologies. In recent years, the incidences of osteoporosis, osteoarthritis, and other orthopedic disorders have increased substantially. Additionally, rising cases of road accidents worldwide will augment the need for technological interventions to speed up orthopedic surgical procedures.
 

High cost of surgical power tools to impede product adoption

Higher costs associated with the adoption of surgical power tools could restrain overall industry performance. While the demand for highly advanced surgical tools is increasing due to the rising number of patients suffering from orthopedic, craniomaxillofacial, and spinal disorders, customer preferences are hindered by the astronomical prices of the product. Low and middle-income countries with fewer healthcare investments and lack of capital backing find it particularly difficult to procure expensive surgical technologies.