Rise In Number Of Knee Replacement And Hip Replacement Surgeries: Transformative Forces Shaping the Surgical Power Tools Market Landscape in 2025

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What Will the Surgical Power Tools Industry Market Size Be by 2025?_x000D_
There has been significant expansion in the market size of surgical power tools in past few years. The market, which was valued at $2.34 billion in 2024, is predicted to increase to $2.47 billion in 2025, representing a compound annual growth rate (CAGR) of 5.6%. Factors such as early training programs for surgeons, regional adoption trends, and basic regulatory norms have contributed to this growth during the historical period._x000D_
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What's the Long-Term Growth Forecast for the Surgical Power Tools Market Size Through 2029?_x000D_
The market size for surgical power tools is projected to witness significant increase in the coming years, reaching $3.11 billion by 2029 with a compound annual growth rate (CAGR) of 5.9%. This surge in the forecast period can be credited to the fusion of digital and robotic elements, strategic market penetration, improved training programs for surgeons, and the expansion of healthcare infrastructure. Key trends projected for the forecast period are emphasis on safety and precision, a rising demand for specialized surgical methods, and an accelerated adoption of robotics._x000D_
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What Are the Key Growth Drivers Fueling the Surgical Power Tools Market Expansion?_x000D_
The surgical power tools market is experiencing growth, spurred by the increasing number of knee and hip replacement surgeries. These surgeries involve removing diseased or damaged joint components and replacing them with artificial prosthetic implants, a process in which surgical power tools play a crucial role. They are used for drilling, sawing, reaming, screw insertion, and shaping bones during these surgical procedures. As per the American Association of Hip and Knee Surgeons, a US-based association, in September 2023, there was a 3.8% increase in hip replacement procedures in 2022, bringing the total to approximately 766,000. Knee replacements also saw an increase of 5.1%, amounting to about 1.3 million procedures. Revision knee procedures outpaced revision hip procedures, although both contributed to around 10% of the total annual primary surgeries. Thus, the surgical power tools market is projected to grow due to the increasing number of knee and hip replacement surgeries._x000D_
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What Trends Will Shape the Surgical Power Tools Market Through 2029 and Beyond?_x000D_
Key players in the surgical power tool market are introducing innovative products featuring cutting-edge technologies, such as the CD NXT power tool systems, which afford real-time depth measurement within the market. This unique patent-protected technology of the CD NXT System provides real-time depth gauging while drilling operations are ongoing, facilitating quick, accurate, and standardized digital depth gauging for a range of procedures. For instance, in March 2023, the CD NXT System was launched by Stryker Corporation, a multinational medical tech company based in the US. This system boasts novel features such as single-step drilling and measuring, automatic measurement from cortex to cortex with digital readout, and is compatible with all existing cordless driver attachments. The technology offers real-time depth measurement while a surgeon performs drilling, ensuring speedy, precise, and uniform digital depth gauge in a variety of procedures._x000D_
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How Is the Surgical Power Tools Market Segmented?_x000D_
The surgical power tools market covered in this report is segmented - _x000D_
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1) By Product: Surgical Drills, Electric Pen Drive_x000D_
2) By Technology: Electric-Operated Power Tools, Battery -Driven Power Tools, Pneumatic Power Tools, Other Technologies_x000D_
3) By Usage: Reusable Tools, Disposable Tools_x000D_
4) By Application: Orthopedic Surgery, Neurosurgery, Dental And Craniomaxillofacial Surgery, Ear, Nose And Throat (ENT) Surgery, Cardiothoracic Surgery, Plastic And Reconstructive Surgery_x000D_
5) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Surgical Drills: Electric Surgical Drills, Pneumatic Surgical Drills, Battery-Powered Surgical Drills _x000D_
2) By Electric Pen Drive: Standard Electric Pen Drives, Advanced Electric Pen Drives With Multiple Functions _x000D_
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Which Companies Are Leading the Charge in Surgical Power Tools Market Innovation?_x000D_
Major companies operating in the surgical power tools market report are Johnson & Johnson, 3M, Medtronic PLC, Becton Dickinson and Company (BD), Stryker Corporation, Zimmer Biomet Holdings Inc., Olympus Corporation, GPC Medical Ltd., Smith and Nephew PLC, B. Braun Melsungen AG, Arthrex Inc., Altra Industrial Motion Corp., Integra LifeSciences Corporation, Conmed Corporation, Karl Storz GmbH & Co. KG, Exactech Inc., KLS Martin Group, Komet Medical, De Soutter Medical Ltd., MatOrtho Limited, MicroAire Surgical Instruments LLC, Nouvag AG, Shanghai Bojin Medical Instruments Co. Ltd., Imedicom Co. Ltd., Orthopromed Inc., Sharpline Group_x000D_
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Which Regions Are Leading the Global Surgical Power Tools Market in Revenue?_x000D_
North America was the largest region in the surgical power tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical power tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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