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), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jul 2020  |  Report ID: GMI4767  |  Authors: Sumant Ugalmugale, Rupali Swain

Report Format: PDF   |   Pages: 235   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Surgical Power Tools Market size exceeded USD 2 billion in 2019 and is poised to grow at a CAGR of over 5.7% between 2020 and 2026.
 

Growing geriatric population along with rising number of orthopedic procedures are the major factors contributing to the market growth. Moreover, increase in neurological disorders across the globe will boost the market revenue in the coming years. In addition to that, upsurge in the number of surgical procedures owing to high incidence of orthopedic disorders will fuel the market demand.
 

Surgical Power Tools Market

Get more details on this report - Request Free Sample PDF

 

Advent of newer technologies associated with surgical power tool systems and increasing need for orthopedic procedures

The growing need for orthopedic procedures for medical conditions such as osteoporosis, osteoarthritis, is propelling the surgical power tools industry size. Moreover, several industry players are focusing on the introduction of newer surgical power tools with the advancements in areas such as batteries, motors, and ergonomics. For instance, the market players such as Medtronic, Stryker and Johnson & Johnson have introduced a device with simplified and modern approach, thereby offering the ability to ream, saw, and drill with the same handpiece.
 

Surgical Power Tools Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 2 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 5.7% 2026 Value Projection: 2.9 Billion (USD)
Pages: 235 Tables, Charts & Figures: 384
Geographies covered (19): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, Japan, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE
Segments covered: Product, Technology, Device Type, Application
Companies covered (15): 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, AlloTech Co. LTD
Growth Drivers:
  • Growing prevalence of orthopedic disorders
  • Rise in cases of neurological disorders
  • Increase in preference of surgical power tools
  • Recent technological advancements
Pitfalls & Challenges:
  • High cost of the device

Get more details on this report - Request Free Sample PDF
 

Several advantages of battery-driven power tools over other technologies will impel the market growth

The battery-driven surgical power tools market valuation was over USD 699 million in 2019. These surgical power tools have an ability to run on battery and are not connected directly to the electricity source. Additionally, these devices are convenient to user and have no lead attached with the tool. In battery-driven power tools, lithium batteries are generally preferred due to their longer life.
 

Growing demand for handpieces in orthopedic procedures

The handpiece segment dominated a market share of around 47% in 2019. Handpiece are the devices that are paired with the disposables, attachments, and accessories to conduct several surgical procedures. Growing demand for the handpiece in orthopedic procedures that require drilling, placing bone screws, fixing of guidewires and pins in a variety of orthopedic applications will boost the segment demand.
 

Increasing number of patients suffering from neurological conditions will propel the market revenue growth

Global Surgical Power Tools Market By Device Type

Get more details on this report - Request Free Sample PDF
 

The medium bone surgical power tools market is estimated to register around 6% growth rate through 2026. The medium bone power tools are generally used in neurosurgery, spine, and medium/small bone trauma. Growing elderly population and increasing neurological disorders across the globe will contribute to the segment growth.
 

For instance, according to a recently published data by the Government of Canada, more than 3.6 million Canadians are living with at least one neurological condition. The critically affected patients with neurological disorders will require surgery for their treatment, fueling the product demand.
 

ENT surgery applications will witness substantial gains in the market

The ENT surgery segment size in the market crossed USD 317 million in 2019 and is anticipated to witness substantial gains during the forecast timeframe. The segment growth can be attributed to the high prevalence of chronic sinusitis and increasing number of patients requiring adenoidectomy.
 

Rising inclination of surgeons towards surgical power tools and increasing cases of road accidents will boost the U.S. market size

Global Surgical Power Tools Market By Region

Get more details on this report - Request Free Sample PDF
 

U.S. surgical power tools market revenue is projected to expand at more than 4.3% CAGR through 2026 impelled by increasing neurological disorders and rising inclination of surgeons towards surgical power tools. For instance, as per the recent research article, in 2016, more than 25 million Americans were affected due to neurological disorders. The large group of these patients will require surgical procedures and will ultimately fuel the market growth across the country. Moreover, increase in the number of healthcare facilities such as hospitals and ambulatory surgical centers in the U.S. will drive the market value.
 

Implementation of several strategies such as new product launches and acquisitions by the major industry players

Some of the prominent companies operating in the market are Medtronic, Stryker, Zimmer, DePuy Synthes (Johnson & Johnson), B. Braun, DeSoutter, Nouvag AG, Exactech, MatOrtho, DeSoutter Medical, and AlloTech Co. LTD. These market players are majorly focusing on various strategies that include new product launches, acquisitions, partnerships, mergers, collaborations, and market development strategies.
 

The market research report on surgical power tools includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:

Market, By Product

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

Market, By Technology

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

Market, By Device Type

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

Market, By Application

  • 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
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

The market size of surgical power tools exceeded USD 2 billion in 2019.
The industry share of surgical power tools is poised to grow at a CAGR of over 5.7% between 2020 and 2026.
U.S. market revenue will expand at more than 4.3% CAGR through 2026 impelled by increasing neurological disorders and rising inclination of surgeons towards surgical power tools.
According to the analysts at GMI, the battery-driven power tools segment valuation was over USD 699 million in 2019.
Some of the prominent companies operating in the market are Medtronic, Stryker, Zimmer, DePuy Synthes (Johnson & Johnson), B. Braun, DeSoutter, Nouvag AG, Exactech, MatOrtho, DeSoutter Medical, and AlloTech Co. LTD.
The significant market demand for ENT surgery segment can be attributed to the high prevalence of chronic sinusitis and increasing number of patients requiring adenoidectomy.

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Connect with our sales team

Premium Report Details

  • Published Date: Jul 2020
  • Pages: 235
  • Tables: 368
  • Charts / Figures: 16
  • Companies covered: 15
  • Countries covered: 19

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X