Leading Element Driving Change in the Surgical Power Tools Market in 2025: Rise In Number Of Knee Replacement And Hip Replacement Surgeries Driver

What Is the Estimated Market Size and Growth Rate for the Surgical Power Tools Market?
Recently, the market size for surgical power tools has seen substantial growth. The size is projected to increase from $2.34 billion in 2024 to $2.49 billion in 2025, growing at a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this growth during the historic period include initiatives to train surgeons earlier, regional adoption trends, and foundational regulatory norms.

The market size of surgical power tools is anticipated to witness robust growth in the forthcoming years. The market is projected to expand to $3.12 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 5.8%. This growth during the forecast period can be correlated with the incorporation of digital and robotic features, market penetration tactics, improved surgeon training initiatives, and expansion of healthcare infrastructure. The period will also see major trends such as an emphasis on safety and precision, the surge in demand for specialized surgical methods, and a heightened adoption of robotics.

What Are the Forces Behind the Rapid Growth of the Surgical Power Tools Market?
The surgical power tools market is experiencing growth due to the increasing number of knee and hip replacement surgeries. In these surgeries, damaged or diseased joints are removed and replaced with artificial prosthetic implants, a process facilitated by surgical power tools. These tools are instrumental in tasks such as drilling, sawing, reaming, inserting screws, and shaping bones. Evidence of this trend can be seen in data from September 2023; the American Association of Hip and Knee Surgeons reported a 3.8% increase in the number of hip replacement procedures in 2022, totaling roughly 766,000 operations. Knee replacements increased by 5.1%, hitting approximately 1.3 million procedures. While both revision knee and hip procedures make up roughly 10% of the annual primary surgeries, it's the increase in knee and hip replacements that is truly fueling the market's growth. Moving to the next driver, the surge in the geriatric population is predicted to influence the surgical power tools market positively. The term 'geriatric population' denotes the ratio of employed individuals aged between 18 and 64 in comparison to those aged 65 and above. Surgical power tools provide a significant advantage in such case, especially for the elderly who have limited physical capacity, as these devices can decrease the surgery duration. This reduces the time under anesthesia and at the operation table, leading to faster post-op recovery and fewer complications. As an example, a report by the World Health Organization in October 2022 projected that by 2030, worldwide, one out of every six people will be 60 or older. Furthermore, there will be an estimated 2.1 billion people 60 or older by 2050. The 80 or older population is expected to grow by 426 million between 2020 and 2050 when compared to the current count. Thus, this rise in the older population is further driving the market for surgical power tools.

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Who Are the Dominant Companies Influencing Surgical Power Tools Market Trends?
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

How Is the Surgical Power Tools Market Evolving?
Prominent firms in the surgical power tool market are launching pioneering products equipped with superior technologies, one of those being the CD NXT power tool systems. They aim at rendering live depth evaluations in the market. The CD NXT System, a patented technology, facilitates real-time depth calculation during surgical drilling, ensuring speedy, accurate, and consistent digital depth recording in diverse procedures. For example, the Stryker Corporation, a multinational medical technology firm based in the US, unveiled the CD NXT System in March 2023. The system boasts of innovative aspects, which include one-step drilling and measuring, automatic cortex-to-cortex evaluation and digital display, and compatibility with all preceding cordless driver attachments. This piece of technology offers real-time depth calculation during surgical drilling, thus enabling rapid, precise, and regular digital depth evaluation in several procedures.

What Are the Different Segmentations in the 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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Which Region Is at the Forefront of 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

What Is Covered In The Surgical Power Tools Global Market Report?

- Market Size Analysis: Analyze the Surgical Power Tools Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Surgical Power Tools Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Surgical Power Tools Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Surgical Power Tools Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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