Strong Growth Ahead: Surgical Power Tools Market Size To Grow At Arecord 5.8% Cagr By 2029

The Surgical Power Tools Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Surgical Power Tools Market Size and Projected Growth Rate?
In recent years, the size of the surgical power tools market has seen a robust increase. Projected growth indicates a rise from $2.34 billion in 2024 to $2.49 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 6.4%. The substantial growth during the historic period is a result of initiatives for early surgical training, regional acceptance trends, and foundational regulatory norms.

In the subsequent years, the market size of surgical power tools is anticipated to witness a significant expansion. It's predicted to reach a total worth of $3.12 billion in 2029, registering a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this growth for the forecast period are integration of digital and robotic functionalities, market penetration tactics, improved surgeon training regimens and expansion of healthcare infrastructure. The emerging trends within this period are heavily oriented towards safety and precision, a growing demand for specialized surgical methods and a rising adoption of robotic technology.

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What Are the Major Segments 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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What Are The Driving Surgical Power Tools Market Evolution?
The surgical power tools market is witnessing an upsurge due to the growing number of knee and hip replacements. These types of operations necessitate the removal and replacement of worn-out or infected joint components with artificial substitutes. Surgical power devices are indispensable in these operations as they facilitate drilling, sawing, reaming, screw insertions, and bone manipulation. As per the American Association of Hip and Knee Surgeons' September 2023 data, the number of hip replacements in the US surged by 3.8% in 2022, totalling approximately 766,000. Simultaneously, knee replacements increased by 5.1% to around 1.3 million. Revision knee procedures overshadowed revision hip procedures, although each accounted for nearly 10% of annual fundamental operations. Therefore, the amplified frequency of knee and hip replacements is fuelling the surgical power tools market's progression. The escalating geriatric populace is predicted to rev up the growth of the surgical power tools market. The term 'geriatric population' signifies the proportion of individuals over 65 as compared to those between 18 and 64 who are in employment. These power-operated surgical devices can curtail the time spent in surgery, which is a boon for mature patients with finite physical energy. Reducing anesthesia exposure time and time spent on the operating table can expedite post-operative recuperation and minimize complications. As reported by the World Health Organization (WHO) in October 2022, it's projected that by 2030, one in six individuals globally will be aged above 60. By 2050, the number of people over 60 is expected to hit 2.1 billion globally. Moreover, the population aged above 80 is set to expand by 426 million between 2020 and 2050 from its current standing. Hence, the swelling geriatric population is a major growth propeller for the surgical power tools market.

Which Firms Dominate The Surgical Power Tools Market Segments?
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 Are the Major Trends Shaping the Surgical Power Tools Market?
Major businesses in the surgical power tool market are creating unique products with cutting-edge technologies, such as the CD NXT power tool systems, to provide an immediate measure of depth in the market. The CD NXT System, which is patented technology, delivers instant depth measurements while the surgeon is drilling, enabling speedy, accurate, and consistent digital depth calculations in a range of procedures. For example, Stryker Corporation, a multinational medical technology company from the US, introduced the CD NXT System in March 2023. This system has remarkable features, including drilling and measurement in one step, automatic measurement from cortex to cortex, digital readout, and it is compatible with all previous cordless driver attachments. This invention allows surgeons to monitor depth measurements in real-time while drilling, ensuring swift, precise and uniform digital depth readings across a broad spectrum of procedures.

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Which Is The Largest 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

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Surgical Power Tools Market?
2. What is the CAGR expected in the Surgical Power Tools Market?
3. What Are the Key Innovations Transforming the Surgical Power Tools Industry?
4. Which Region Is Leading the Surgical Power Tools Market?

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