Surgical Power Tools Market - Global Outlook & Forecast 2024-2029

306 pages

132 tables

135 charts

5 region

22 countries

27 company

5 segments

Purchase Options

$4200.00
$4999.00
$5999.00
$2000.00

Have a question?

Please get in touch with our team in case of any queries

+1-312-235-2040

THE GLOBAL SURGICAL POWER TOOLS MARKET SIZE IS EXPECTED TO REACH USD 2.97 BILLION BY 2029 FROM USD 2.19 BILLION IN 2023, GROWING AT A CAGR OF 5.20% DURING THE FORECAST PERIOD.

The Surgical Power Tools Market Size, Share, & Trends Analysis Report By

  • Features: Drilling, Sawing, and Reaming
  • Product Type: Electric and Pneumatic
  • Applications: Orthopedic Surgeries, ENT Surgeries, Neurosurgery, and Other Applications
  • End-users: Multi-specialty Hospitals and Specialty Clinics & Outpatient Centers
  • Geography: North America, Europe, APAC, Latin America, and Middle East & Africa

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.

Customize this Report

This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize

SURGICAL POWER TOOLS MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
Market Size (2029)USD 2.97 Billion
Market Size (2023)USD 2.19 Billion
CAGR (2023-2029)5.20%
HISTORIC YEAR2020-2022
BASE YEAR2023
FORECAST YEAR2024-2029
SEGMENTS BYFeatures, Product Type, Applications, End-users, and Geography
GEOGRAPHIC ANALYSIS North America, Europe, APAC, Latin America, and Middle East & Africa
KEY PLAYERSB. Braun Medical Ltd (B. Braun), CONMED Corporation, Johnson & Johnson, Medtronic, Stryker, and Zimmer Biomet
Interested in this Report?

Download a Sample!

MARKET OVERVIEW

The global surgical power tools market size was valued at USD 2.19 billion in 2023 and is expected to reach USD 2.97 billion by 2029, growing at a CAGR of 5.20% during the forecast period. The continued development and technological advancements are leading factors that deliver revenue growth opportunities in the market. Surgical power tools are medical devices used in traumatology, neurology, ENT, and orthopedics for drilling, sawing, reaming, and revising large bones. In microsurgeries, the application of surgical tools is on the rise, specifically in ENT microsurgery and microneurology. Several rapid technological advancements have been experienced in the surgical power tools market in the past few years. The continued evolution and revolutions are constantly changing the market landscape. In the medical industry, surgical power tools have been essential for decades, having gone through several advancements in the past few years to meet the ever-shifting requirements of surgical procedures. Furthermore, technological innovations have significantly transformed surgical power tools' development, design, and manufacturing. Currently, vendors are looking for some major elements, such as durability, ergonomics, minimally invasive surgeries, and robotics. Also, the latest and most advanced surgical power tools provide high efficiency, greater precision, and durability than older ones. Globally, the minimally invasive and robotic surgery trend will deliver lucrative market growth.

MARKET TRENDS & OPPORTUNITIES

Increasing Preference for Minimally Invasive and Robotic Surgeries
Robotic surgeries are closely associated with minimally invasive surgeries performed through tiny incisions. The increasing demand for minimally invasive surgeries leads to increased adoption of robotic surgical tools commonly connected with surgical power tools. The rising preference for robotic surgeries offers lucrative opportunities for surgical power equipment. The lack of experts and surgeons' availability boosts the demand for robotic surgeries, including minimally invasive surgeries. Minimally invasive surgeries are commonly performed in orthopedic, spinal, neurosurgical, and ENT areas. The increasing preference for associated surgical procedures is expected to deliver lucrative opportunities for surgical power tools market growth. In minimally invasive surgeries, surgical power tools are a major part of conducting the most accurate and small incision, less risk of bleeding, and reducing hospital stay and rapid recovery. Furthermore, the orthopedic surgery sector is increasing in demand for minimally invasive spinal surgeries and techniques over conventional and traditional surgical procedures.

Rising Customization in Surgical Power Tools
The future of surgical power tools relies on technology and more customized and flexible approaches. As healthcare systems increasingly become less task-based and more value-based, the demand for customization in surgical power tools is slowly increasing. Customization features include speed, torque, motor size, and autoclavability requirements to meet the specific requirements of new surgical power tools. Customization in surgical power tools allows customers to buy specific products per the conditions and requirements. This led to a reduced cost burden and delivered more reliable than ready-to-use products by sellers. For example, a customer can purchase a motor or customize it by attaching a gearbox, sensor, and camera. A simple modification could be a custom length of equipment and additional features. Furthermore, the customization of surgical power tools offers several benefits. This tailored approach improves efficiency in the operating room and saves the cost of investment in health settings. Purchasing customized kits over single surgical power equipment reduces purchasing, transport, and installation costs for buyers and sellers. In addition, one-time delivery of customized kits offers ergonomics benefits. The ergonomics design has gained high popularity in the surgical power tools market in recent years with the customization and ergonomics health setting save space.

Continuously Rising Orthopedic Surgeries
Globally, the increasing aging population, accidental cases, and sports persons lead to increased demand for orthopedic surgeries. Worldwide, orthopedic surgery volumes are increasing every year, resulting in the demand for surgical tools for orthopedic surgeries. Furthermore, the orthopedic sector continues to evolve rapidly in technology and advancement in surgical tools, where surgeons rapidly accept high-power surgical tools. Such factors are projected to impact the surgical power tools market positively. Also, orthopedic surgeries have continuously increased over the past few decades as innovation occurs in the orthopedic sector. The development of advanced surgical tools is one of the major factors accelerating orthopedic surgical volumes.

SEGMENTATION INSIGHTS

INSIGHTS BY FEATURES
Surgical power tools are advanced tools used to perform surgical procedures on bone or bone fragments. They allow soft drilling, sawing, and reaming and are commonly used in orthopedic, ENT, neurosurgery, and other surgical procedures associated with bone or bone fragments. The global surgical power tools market by features is segmented into drilling, sawing, and reaming. The drilling segment held the most prominent global market share in 2023. Drilling bone is universal in most surgeries, including orthopedic, reconstructive, neurosurgery, ENT, craniomaxillofacial, and plastic surgery. Drilling tools are essential and have broader procedures, and they require smooth operating, whereas surgical power tools deliver a better experience for surgeons and improve clinical outcomes compared to traditional drilling systems.

INSIGHTS BY PRODUCT TYPE
The electric product type segment dominated the global surgical power tools market share in 2023. Regarding electric product type, the market study report included complete electric and battery-powered equipment. Power tools are the most vital and integral part of surgical procedures. Over the period, several advancements registered across the power supply/source for surgical power tools. Electric surgical power tools are becoming more popular in recent years. Also, electric surgical power tools are highly reliable due to their consistency and freedom in the constant application rate in longer surgical procedures. Orthopedic, ENT, and neurosurgeries are highly complex, requiring longer to complete without posing any complexes during surgical procedures.

INSIGHTS BY APPLICATIONS
The global surgical power tools market by applications is segmented into orthopedic surgeries, ENT surgeries, neurosurgery, and other applications. The orthopedic surgery segment accounted for most of the market share by applications. Millions of orthopedic surgeries are performed annually across the world. Of these, most procedures performed minimally invasive or open surgeries, where surgical power tools are considered one of the essential medical device categories. With the continued increase in orthopedic surgery volume, the demand for surgical power tools in this category is expected to increase continuously. Conversely, with the growing number of ENT surgeries worldwide, the demand for minimally invasive surgeries for ENT surgeries is increasing, and surgical power tools are rising rapidly. In ENT surgeries, minimally invasive surgical procedures have been a revolutionary advancement that has made it possible to perform complex interventions without extensive invasion. Surgical power tools reduce the risk of associated discomfort, enabling maximum space in drilling, sawing, and reaming far more easily than traditional tools.

INSIGHTS BY END-USERS
The global surgical power tools market by end-users is segmented into multi-specialty hospitals and specialty clinics & outpatient centers. The multi-specialty hospitals segment held the largest global market share in 2023. Multi-specialty hospitals are well-equipped and structured facilities that offer more than one specialty in surgical care and attract more patient populations. The high volume of surgical procedures in different specialties required different types of surgical power tools. Surgical power tools across several specialties are in high demand and drive segmental growth. 

GEOGRAPHICAL ANALYSIS

North America accounted for the most significant share of the global surgical power tools market, accounting for over 35% of the global market revenue share in 2023. The growing geriatric population and the continuously increasing healthcare expenditure for surgical procedures are the key factors accelerating the region's growth. Furthermore, access to surgical care through hospitals, ambulatory surgery centers, and clinics in North America is growing constantly.

Europe holds a significant position in the global surgical power tools market. The presence of substantial geriatric and potential patient populations suffering bone-associated diseases, the presence of field professionals, and increasing associated surgical procedures across the region propel the demand for surgical power tools. On the other hand, APAC is a rapidly growing region in the global surgical power tools market, with the highest CAGR of over 6% during the forecast period. APAC is a rapidly growing region experiencing significant development and growth of the market backed by several key elements, such as the development in health infrastructure for surgical procedures, continued development in the healthcare field, increasing healthcare expenditure, and rising access to advanced surgical procedures.

VENDOR LANDSCAPE

The global surgical power tools market is highly competitive, with several leading and prominent players. Stryker, Medtronic, DePuy Synthes, Zimmer Biomet, B. Braun, and CONMED Corporation are some leading companies offering a broad portfolio of surgical power tools with a global presence. These companies offer surgical power tools in over 80 countries, account for higher market penetration, and are leading market players. Furthermore, the majority of the global surgical power tools market is dominated by the leading market players. The dominance of leading market players based on their global presence, broad product portfolio, and networking with health settings & surgeons gives them huge market penetration potential. Furthermore, the continued advancement in surgical power tools, technology integration, and high-class material uses further strengthen their product portfolio.

Frequently Asked Questions

How big is the surgical power tools market?

The global surgical power tools market size was valued at USD 2.19 billion in 2023 and is expected to reach USD 2.97 billion by 2029.

What is the growth rate of the global surgical power tools market?

The global surgical power tools market is expected to grow at a CAGR of 5.20% from 2023 to 2029.

Who are the key players in the global surgical power tools market?

B. Braun Medical Ltd (B. Braun), CONMED Corporation, Johnson & Johnson, Medtronic, Stryker, and Zimmer Biomet are the key players in the global surgical power tools market.

Which region dominates the global surgical power tools market share?

North America held the largest global surgical power tools market share, accounting for a share of over 35% in 2023.

What are the significant trends in the surgical power tools market?

The surgical power tools market is experiencing significant trends, including an increasing preference for minimally invasive and robotic surgeries, technological advancements in surgical power tools, and rising customization.

The global surgical power tools market size is expected to grow at a CAGR of approximately 5.20% from 2023 to 2029.

The following factors are likely to contribute to the growth of the global surgical power tools market during the forecast period:

  • Growing Burden of Neurological Disorders
  • Rapidly Growing Surgical Procedures in Outpatient Surgery Centers
  • Continuously Rising Orthopedic Surgeries

Base Year: 2023

Forecast Year: 2024-2029

The report considers the present scenario of the global surgical power tools market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.

Key Company Profiles

  • B. Braun Medical Ltd (B. Braun)
    • Business Overview
    • Product Offerings
    • Key Strategies
    • Key Strengths
    • Key Opportunities
  • CONMED Corporation
  • Johnson & Johnson
  • Medtronic
  • Stryker
  • Zimmer Biomet

Other Prominent Vendors

  • adeor medical AG
    • Business Overview
    • Product Offerings
  • Allotech Co., Ltd (Korea SMEs & Startups Agency)
  • Arthrex
  • Arbutus Medical
  • Brütsch Elektronik AG
  • Bell Surgical
  • Changzhou Huida Medical Instrument Co., Ltd.
  • De Soutter Medical
  • DynaMedic Co., Ltd.
  • GPC Medical Ltd
  • Karl Storz
  • KLS Martin Group
  • MicroAire
  • medical bees GmbH
  • MatOrtho Limited
  • Nouvag
  • NEO Drill
  • ORTHROPROMED
  • VOSTRA GmbH
  • Wuhu Ruijin Medical Instrument & Device
  • YIN TECHNOLOGIES INDIA PRIVATE LIMITED

Segmentation by Features

  • Drilling
  • Sawing
  • Reaming

Segmentation by Product Type

  • Electric
  • Pneumatic

Segmentation by Applications

  • Orthopedic Surgeries
  • ENT Surgeries
  • Neurosurgery
  • Other Applications

Segmentation by End-users

  • Multi-specialty Hospitals
  • Specialty Clinics & Outpatient Centers

Segmentation by Geography

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Russia
    • Poland
  • APAC
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • South Africa
    • UAE

For more details, please reach us at enquiry@arizton.com

For more details, please reach us at enquiry@arizton.com

Select a license type that suits your business needs

Single User Licence

$4200.00
  • Report accessible by one user only
  • Free 10% or 3 days of customization
  • Free post-sale service assistance
  • Continuous support through email

5 User Licence

$4999.00
  • Report accessible by 5 users within the organization
  • Free 15% or 4.5 days of customization
  • Continuous support through email and telephone
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge

Corporate Licence

$5999.00
  • Free Datasheet worth $1500
  • Report accessible by the entire organization
  • Free 20% or 6 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Direct access to lead analysts
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge

Datasheet Licence

$2000.00
  • Report accessible by 1 user only
  • Free 15% or 32 hours of customization
  • Free post-sale service assistance
  • Direct access to lead analysts

Frequently Asked Questions

How big is the surgical power tools market?

The global surgical power tools market size was valued at USD 2.19 billion in 2023 and is expected to reach USD 2.97 billion by 2029.

What is the growth rate of the global surgical power tools market?

The global surgical power tools market is expected to grow at a CAGR of 5.20% from 2023 to 2029.

Who are the key players in the global surgical power tools market?

B. Braun Medical Ltd (B. Braun), CONMED Corporation, Johnson & Johnson, Medtronic, Stryker, and Zimmer Biomet are the key players in the global surgical power tools market.

Which region dominates the global surgical power tools market share?

North America held the largest global surgical power tools market share, accounting for a share of over 35% in 2023.

What are the significant trends in the surgical power tools market?

The surgical power tools market is experiencing significant trends, including an increasing preference for minimally invasive and robotic surgeries, technological advancements in surgical power tools, and rising customization.