What Has Been The Evolution of the Surgical Power Tools Market in Recent Years?
The surgical power tools market has seen considerable growth due to a variety of factors.
• The market size for surgical power tools has seen a significant increase in recent years. The market is projected to expand from $2.34 billion in 2024 to $2.49 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%.
The substantial growth observed in the historical period can be ascribed to initiatives for early surgeon training, dynamics of regional adoption, and fundamental regulatory standards.
What Is the Forecasted Market Size and Growth Rate for The Surgical Power Tools Market Size In The Coming Years?
The surgical power tools market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for surgical power tools is projected to enjoy robust growth, reaching $3.12 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.8%.
The expansion during the forecast period is likely driven by the integration of digital and robotic features, market penetration strategies, improved surgeon training initiatives, and growth in healthcare infrastructure. The forecast period will also see major trends such as growing emphasis on safety and precision, increasing demand for specialized surgical procedures, and a higher adoption rate of robotics.
What Factors Are Driving Growth In The Surgical Power Tools Market?
The surgical power tools market is experiencing growth due to the increase in knee and hip replacement operations. These procedures, which involve the removal of affected or deteriorated joint parts and their replacement with artificial prosthetic implants, utilize surgical power tools for tasks such as drilling, sawing, reaming, screw insertion, and bone shaping. For example, the American Association of Hip and Knee Surgeons reported in September 2023 that hip replacements increased by 3.8% to around 766,000 in 2022. Knee replacements also increased by 5.1% to about 1.3 million. Revision procedures for knees surpassed those for hips, both constituting approximately 10% of the annual primary surgeries. These figures support the expectation that this rise in knee and hip replacement surgeries will further boost the surgical power tools market's growth.
Driver Of The Surgical Power Tools Market: Growth In The Elderly Population Expected To Stimulate The Expansion Of The Market
What Are The Main Segments Of The Global Surgical Power Tools Market?
The surgical power tools market covered in this report is segmented –
1) By Product: Surgical Drills, Electric Pen Drive
2) By Technology: Electric-Operated Power Tools, Battery -Driven Power Tools, Pneumatic Power Tools, Other Technologies
3) By Usage: Reusable Tools, Disposable Tools
4) By Application: Orthopedic Surgery, Neurosurgery, Dental And Craniomaxillofacial Surgery, Ear, Nose And Throat (ENT) Surgery, Cardiothoracic Surgery, Plastic And Reconstructive Surgery
5) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Surgical Drills: Electric Surgical Drills, Pneumatic Surgical Drills, Battery-Powered Surgical Drills
2) By Electric Pen Drive: Standard Electric Pen Drives, Advanced Electric Pen Drives With Multiple Functions
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How Are New Trends Impacting The Size Of The Surgical Power Tools Market?
Leading companies in the surgical power tool market are introducing innovative products that incorporate advanced technologies, such as the CD NXT power tool systems, designed to offer real-time depth measurement in the industry. The CD NXT System is a uniquely patent-protected technology that provides surgeons with instant depth measurement as they perform their drilling procedures, allowing for rapid, precise, and even digital depth measurements in diverse operations. For example, in March 2023, Stryker Corporation, an international medical technology firm based in the US, launched the CD NXT System. Features of this cutting-edge system include simplified drilling and measurement, automatic cortex-to-cortex measurement with digital display, as well as compatibility with all traditional cordless driver attachments. The technology aids in delivering instantaneous depth measurement while the surgeon is engaged in drilling, enabling speedy, precise, and uniform digital depth measurements across a range of procedures.
Who Are the Key Players In The Surgical Power Tools Market?
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
What Is The Most Dominant Region In The Surgical Power Tools Market?
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
