Surgical Power Tools Global Market Medical Composition, Type, End-Use Industry and Region Analyzed With Trends and Forecasts to 2033 | 3M, Medtronic PLC, Olympus Corporation, GPC Medical Ltd., Smith and Nephew PLC

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Surgical Power Tools Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The surgical power tools market size has grown strongly in recent years. It will grow from $2.2 billion in 2023 to $2.34 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to early surgeon training initiatives, regional adoption dynamics, foundational regulatory standards..

The surgical power tools market size is expected to see strong growth in the next few years. It will grow to $2.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to integration of digital and robotic features, market penetration strategies, enhanced surgeon training programs, healthcare infrastructure expansion.. Major trends in the forecast period include focus on safety and precision, demand for specialized surgical techniques, increased adoption of robotics..

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Key Market Players:

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 are prominent players in the industry.

Market Drivers:

The rise in the number of knee replacement and hip replacement surgeries is driving the growth of the surgical power tools market. Knee replacement and hip replacement are surgical procedures that involve removing damaged or diseased joint components and replacing them with artificial prosthetic implants. Surgical power tools are helpful in knee replacement and hip replacement surgeries as they enable drilling, sawing, reaming, screw insertion, and shaping bones. For instance, according to the 2022 Australian Orthopedic Association National Joint Replacement Registry (AOANJRR) Annual Report, in 2021, the number of hip, knee, and shoulder joint replacements increased by 8,411 procedures (7%) compared to the previous year (2021). Therefore, the rise in the number of knee replacement and hip replacement surgeries is expected to propel the growth of the surgical power tools market.

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Market Segments Include:
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

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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