Press release
Surgical Power Tools market is expected to reach USD 3.73 billion by 2030 : Cognitive Market Research
Surgical Power Tools market is expected to reach USD 3.73 billion by 2030 : Cognitive Market Research
- Surgical power tools are used for performing surgeries on bone or bone fragments. While operating on bone or bone fragments, surgical power tools are used. These power tools are used for a wide range of purposes, including reaming, sawing, drilling, and screwing. It contains a handpiece, consumables, and extras. In general, there are two types of surgical handpieces: air-driven handpieces and electric handpieces. But, due to quick research and development, high-torque electric handpieces have also been found. Orthopedic surgery, ENT surgery, neurology surgery, dental surgery, and cardiothoracic surgery are the major surgical procedures where these technologies can be used. The development of such power devices has improved surgical techniques by enhancing their overall efficiency and perfection.
Summary:
- The Global Surgical Power Tools market reached USD 2.24 billion in 2022 and will reach USD 3.73 billion by 2030, manifesting a CAGR of 5.3% from 2023 to 2030.
"To know more about The Surgical Power Tools Market statistics click here: https://www.cognitivemarketresearch.com/surgical-power-tools-market-report
Market Dynamics:
- An increase in the incidences of chronic diseases such as cardiovascular diseases, orthopedic diseases, cancer, and others is forecasted to dominate the growth of the global surgical power tools market. In addition, growth in the number of surgical procedures such as cardiothoracic surgery, neuro and spine surgery, and orthopedic surgery dominates the growth of the global market. Furthermore,
However, several small hospitals and medical facilities might not be capable of purchasing surgical power instruments due to their high cost which may hamper the growth of the global market. The adoption of these instruments by surgeons is being restricted by the high gaining and maintenance costs of these devices.
Market Segmentation:
Product
• Reamer
• Power source
• Surgical drill
• Surgical saw
• Accessories
By product, the market is segmented into the surgical saw, reamer, surgical drill, power source, and accessories. The surgical drill segment dominates the target market and remains dominant during the forecast period. This is attributed to the increase in the prevalence of chronic diseases and the rise in the adoption of surgical power tools for surgical purposes.
Application
• Orthopedic Surgery
• Cardiothoracic Surgery
• Spine and Neuro Surgery
• Others
Based on application the global surgical power tools market is segmented into cardiothoracic surgery, orthopedic surgery, spine and neurosurgery, and others. Orthopedic surgery has the largest revenue share for the growth of the global market. This is attributed to an increase in the incidences of orthopedic disorders and a rise in demand for orthopedic procedures.
Technology
• Battery operated
• Pneumatic operated
• Electric operated
Based on technology, the global market is segmented into battery-operated, electric-operated, and battery-operated. This is attributed to it offering better speed, accuracy, and convenience.
The Major Players in Surgical Power Tools Market are:
Stryker, Arthrex, Zimmer, Medtronic, B. Braun, Adeor, Aesculap, Allotech, Aygun Surgical Instruments, Depuy Synthes, DeSoutter Medical, Ermis MedTech GmbH, Exactech, IMEDICOM, Kaiser Medical Tech, MatOrtho, McGinley Orthopaedic Innovations, MedicMicro, Nouvag, NSK Surgery, ORTHO CARE, Pro-Dex, Rimec, Scil Animal Care, Shanghai Bojin Electric Instrument & Device, Stars Medical Devices
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Regional Analysis:
- North America has the highest revenue share in the global Surgical Power Tools Market.
The North American region is forecasted to dominate the growth of the global surgical power tools market with the highest growth rate. This is attributed to the growing application of surgical power tools in orthopedic surgeries and the advantages of surgical power tools dominate the growth of the global market. Europe is forecasted to dominate the target market in terms of revenue share. This is attributed to the presence of adequate reimbursement policies and the rising number of surgical procedures in countries such as the U.K., and Germany.
Surgical Power Tools Market Recent Development
• MPowerHealth introduced a digital musculoskeletal care platform
In August 2022, MPowerHealth launched a digital musculoskeletal care platform. The 360CareNav system provides telehealth, remote physiological monitoring, and care coordination between physicians, among other digital health solutions.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Surgical Power Tools Market
Chapter 4 Global Surgical Power Tools Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Surgical Power Tools Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Surgical Power Tools Industry Mergers and Acquisition Analysis
• 5.3 Global Surgical Power Tools New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Surgical Power Tools Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
• 6.1 Overall Company's Disclosure Score
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Surgical Power Tools Market by Product Segmentation Analysis (2018-2030)
Chapter 10 Global Surgical Power Tools Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Surgical Power Tools Market by Technology Segmentation Analysis (2018-2030)
Chapter 12 Global Surgical Power Tools Market Regional Analysis
Chapter 13 North America Surgical Power Tools Market Outlook (2018 - 2030)
Chapter 14 Europe Surgical Power Tools Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Surgical Power Tools Market Outlook (2018 - 2030)
Chapter 16 Latin America Surgical Power Tools Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Surgical Power Tools Market Outlook (2018 - 2030)
Chapter 18 Research Findings
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To know more Surgical Power Tools Market TOC click here: https://www.cognitivemarketresearch.com/surgical-power-tools-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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