Surgical Power Tools Market worth over $2.9bn by 2026

Surgical Power Tools Market size is set to exceed USD 2.9 billion by 2026, according to a new research report by Global Market Insights, Inc.
 

Increasing number of surgical procedures such as neurology surgery, cardiothoracic surgery and other surgical procedures will drive the market growth. Moreover, growing geriatric population prone to chronic diseases that require surgical procedures and advent of newer technologies related to surgical power tools will positively impact the surgical power tools market demand. In addition to that, increasing preference for surgical power tools in the healthcare facilities across the globe will further boost the market revenue.  

 

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Increasing number of surgical procedures will contribute to the surgical power tools market growth

The introduction of power tools has revolutionized orthopedic surgery across the globe, ranging from the use of reaming and drilling in long bone fractures, using intramedullary nails and screws to the use in wound management through pulse lavage. Thus, doctors and surgeons are focusing on the adoption of surgical power tools. Moreover, increasing number of surgical procedures across the globe will upsurge the market demand.
 

Global Surgical Power Tools Market By Product

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Several benefits of drills and surgical saws will drive the disposables segment growth in the coming years

The disposables segment value was over USD 634 million in 2019 and is estimated to grow at a significant CAGR till 2026. The disposables include drills (perforators), saws, staplers, reamers, blades, burr, and shavers. Drills are one of the most used disposables due to their application in fitting plates and screws in orthopedic trauma cases. Thus, increase in the number of trauma fixation procedures across the world will propel the segmental growth. Additionally, surgical oscillating saws assist healthcare professionals in cutting and removing bones mainly during knee replacement surgery and hip replacement surgery.
 

Browse key industry insights spread across 235 pages with 368 market data tables & 16 figures & charts from the report, 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 – 2026in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/surgical-power-tools-market
 

Adoption of electric-operated power tools to be fueled by its advantages including Cost effectiveness, low maintenance and constant power

The electric-operated surgical power tools market held a revenue share of around 42% in 2019 due to relative affordability and independent power system; electric-operated motors are projected to witness huge demand in the coming years. Moreover, the electric-operated power tools have enhanced safety precautions including internal fuses to prevent accidental injuries. Additionally, other advantages such as higher efficiency, constant power and low maintenance will upsurge the demand for electric-operated power tools, thereby spurring the industry growth.
 

High incidence of osteoporosis, arthritis and other injuries will positively influence the large bone power tools segment growth

The large bone surgical power tools market is anticipated to witness around 5.5% growth during the forecast period led by high incidence of medical conditions such as bone degenerative diseases, arthritis, osteoporosis, and other injuries. For instance, according to a recent data by the National Health and Nutrition Examination Survey, it is estimated that osteoporosis prevalence for adult aged more than 50 years is 11.0% in the U.S. Thus, such high occurrence of osteoporosis will require surgical procedures and will ultimately fuel the market growth. Furthermore, growing trauma injuries owing to falls and road accidents will augment the segmental growth.
 

High adoption of minimally invasive surgical procedures will boost the orthopedic surgery segment growth

The orthopedic surgery segment revenue surpassed USD 1 billion in 2019 on account of increase in number of sports and road traffic accidents, rising number of patients suffering from bone related disorders and high adoption of minimally invasive surgical procedures. Hence, the large patient pool suffering from several chronic orthopedic disorders such as arthritis and osteoporosis will propel the industry demand.
 

Increasing number of joint replacement surgical procedures will prove beneficial for the China market revenue

China surgical power tools market size crossed a valuation of USD 98.7 million in 2019. Increasing number of joint replacement surgical procedures and high demand for minimally invasive surgical procedures will propel the market demand in the region.
 

UK market held a considerable share in 2019 and is predicted to expand at more than 4.6% CAGR through 2026. Increasing number of people suffering from various orthopedic disorders and high adoption of surgical power tools will boost the market growth in the United Kingdom.
 

Companies focusing on strategic acquisitions and new product launches will contribute to the market growth

The major players in the surgical power tools market are Medtronic, Stryker, Zimmer, DePuy Synthes (Johnson & Johnson), B. Braun, DeSoutter, Nouvag AG, Exactech, MatOrtho, DeSoutter Medical, and AlloTech Co. LTD. To increase the market share and geographical presence, these companies are constantly focusing on implementing numerous strategies such as partnerships, new product launches and market development strategies.
 

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