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Global Surgical Power Tools Market to reach USD 3361.51 million by the end of 2029.

Global Surgical Power Tools Market Size study & Forecast, by Product (Surgical Saw, Surgical Drill, Accessories, Reamer, Power Source, Others) by Application (Orthopedic Surgery, Spine and Neuro Surgery, Cardiothoracic Surgery, Others), by Technology (Electric Operated, Battery Operated, Pneumatic Operated), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others), and Regional Analysis, 2022-2029

Product Code: HLSMDE-89663544
Publish Date: 15-05-2023
Page: 200

Global Surgical Power Tools Market is valued at approximately USD 2275 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2022-2029. Surgical Power Tools is a tool which is used for performing surgery on bone fragments. These tools have many functions, they help in screwing, sawing, drilling, and reaming. These tools can be operated in 3 ways: Electric Operated, Battery Operated and Pneumatic Operated. The growth of Global Surgical Power Tools is mainly driven by the increase in the widespread presence of chronic diseases and to treat these chronic diseases, the number of surgeries is increased which led to an increase in demand for surgical power tools. Currently, the biggest reason for death among adults is Chronic Diseases in majorly all countries. And the death toll will further increase by 17% in the next 10 years. Thus, it will lead to an increase in demand for surgical power tools. The other factors that drive the growth of surgical power tools are brain tumors and spine tumors. Surgical Power tools are used to remove these tumors. As per the reports by the American Cancer Society, in 2021, there was a total of 83,570 people in U.S. who were infected with brain and other central nervous tumors. However, surgical power tools are expensive, and all hospitals and clinics were not able to afford them. The acquisition cost and maintenance cost for tools is also high because of which many surgeons are not using these tools. The cost factor related to tools restrains the growth of tools in the market. Technological advancements and innovations will act as an opportunity for the surgical power tools market as a lot of players in the market are focusing on strengthening ergonomics, batteries and motors. According to a report by the National Library of Medicine, 80% of surgeons face illness or work-related injury because of lengthy operations. Through advancing in these areas and especially ergonomics, a surgeon would be using a lightweight and advanced version of a power tool which will be easier to use, and it is also important for the health of the surgeon.

The key regions considered for the Global Surgical Power Tools Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising number of brain surgeries and other bone injuries that occur because of accidents. Moreover, there is a greater number of skilled surgeons and health infrastructure is also good in North America. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising cases of brain and spine tumors and other central nervous diseases. The accident rate is also increasing in Asia Pacific is also increasing because of this there would be significant growth in this region.

Major market player included in this report are:
Medtronic Plc
Johnson & Johnson Services Inc.
De Soutter Medical Limited
AlloTech Co. Ltd.
Smith and Nephew Plc
Stryker Corporation
Zimmer Biomet Holdings Inc.
B. Braun Melsungen AG
Conmed Corporation

Recent Developments in the Market:
Ø In June 2021, Stryker issued a statement about their association with Texas Health Hospital Mansfield. The Texas Health Hospital will be taking all the set of products of stryker including tools for surgery so that they can support the journey of stryker to remove the pain of doctors, staff and patients also. Also, this will lead to an increase in revenue.
Ø In October 2019, Johnson & Johnson came into an agreement with TINAVI, which is the market dominator in orthopaedics robotics in China, where the agreement is based upon co-marketing, distribution, and R&D. This agreement helped the company to increase sales and production by giving robotic solutions in China market.
Ø In March 2023, Stryker launched the CD NXT System which is the latest innovation in stryker’s power tools for surgery. This technology will provide fast, accurate and real-time depth measurement when the surgeon performs surgery.
Ø In November 2021, DePuy Synthes which is an orthopaedics company of Johnson & Johnson launched the UNIUM System which has been designed in context of ergonomics, reliability and efficiency.

Global Surgical Power Tools Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Application, Technology, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Surgical Saw
Surgical Drill
Power Source

By Application:
Orthopedic Surgery
Spine and Neuro Surgery
Cardiothoracic Surgery

By Technology:
Electric Operated
Battery Operated
Pneumatic Operated

By End User:
Ambulatory Surgical Centers

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Surgical Power Tools Market, by Region, 2019-2029 (USD Million)
1.2.2. Surgical Power Tools Market, by Product, 2019-2029 (USD Million)
1.2.3. Surgical Power Tools Market, by Application, 2019-2029 (USD Million)
1.2.4. Surgical Power Tools Market, by Technology, 2019-2029 (USD Million)
1.2.5. Surgical Power Tools Market, by End User, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Surgical Power Tools Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Surgical Power Tools Market Dynamics
3.1. Surgical Power Tools Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increase in widespread presence of chronic diseases Growing brain tumors and spine tumors
3.1.2. Market Challenges High Cost of Surgical Power Tools
3.1.3. Market Opportunities Technological Advancements and Innovation
Chapter 4. Global Surgical Power Tools Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Surgical Power Tools Market, by Product
6.1. Market Snapshot
6.2. Global Surgical Power Tools Market by Product, Performance – Potential Analysis
6.3. Global Surgical Power Tools Market Estimates & Forecasts by Product 2019-2029 (USD Million)
6.4. Surgical Power Tools Market, Sub Segment Analysis
6.4.1. Surgical Saw
6.4.2. Surgical Drill
6.4.3. Accessories
6.4.4. Reamer
6.4.5. Power Source
6.4.6. Others
Chapter 7. Global Surgical Power Tools Market, by Application
7.1. Market Snapshot
7.2. Global Surgical Power Tools Market by Application, Performance – Potential Analysis
7.3. Global Surgical Power Tools Market Estimates & Forecasts by Application 2019-2029 (USD Million)
7.4. Surgical Power Tools Market, Sub Segment Analysis
7.4.1. Orthopaedic Surgery
7.4.2. Spine and Neuro Surgery
7.4.3. Cardiothoracic Surgery
7.4.4. Others
Chapter 8. Global Surgical Power Tools Market, by Technology
8.1. Market Snapshot
8.2. Global Surgical Power Tools Market by Technology, Performance – Potential Analysis
8.3. Global Surgical Power Tools Market Estimates & Forecasts by Technology 2019-2029 (USD Million)
8.4. Surgical Power Tools Market, Sub Segment Analysis
8.4.1. Electric Operated
8.4.2. Battery Operated
8.4.3. Pneumatic Operated
Chapter 9. Global Surgical Power Tools Market, by End User
9.1. Market Snapshot
9.2. Global Surgical Power Tools Market by End User, Performance – Potential Analysis
9.3. Global Surgical Power Tools Market Estimates & Forecasts by End User 2019-2029 (USD Million)
9.4. Surgical Power Tools Market, Sub Segment Analysis
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Ambulatory Surgical Centers
9.4.4. Others
Chapter 10. Global Surgical Power Tools Market, Regional Analysis
10.1. Surgical Power Tools Market, Regional Market Snapshot
10.2. North America Surgical Power Tools Market
10.2.1. U.S. Surgical Power Tools Market Product breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 Technology breakdown estimates & forecasts, 2019-2029 End User breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Surgical Power Tools Market
10.3. Europe Surgical Power Tools Market Snapshot
10.3.1. U.K. Surgical Power Tools Market
10.3.2. Germany Surgical Power Tools Market
10.3.3. France Surgical Power Tools Market
10.3.4. Spain Surgical Power Tools Market
10.3.5. Italy Surgical Power Tools Market
10.3.6. Rest of Europe Surgical Power Tools Market
10.4. Asia-Pacific Surgical Power Tools Market Snapshot
10.4.1. China Surgical Power Tools Market
10.4.2. India Surgical Power Tools Market
10.4.3. Japan Surgical Power Tools Market
10.4.4. Australia Surgical Power Tools Market
10.4.5. South Korea Surgical Power Tools Market
10.4.6. Rest of Asia Pacific Surgical Power Tools Market
10.5. Latin America Surgical Power Tools Market Snapshot
10.5.1. Brazil Surgical Power Tools Market
10.5.2. Mexico Surgical Power Tools Market
10.6. Rest of The World Surgical Power Tools Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Medtronic Plc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Johnson & Johnson Services Inc.
11.2.3. De Soutter Medical Limited
11.2.4. AlloTech Co. Ltd
11.2.5. NOUVAG AG
11.2.6. Smith and Nephew Plc
11.2.7. Stryker Corporation
11.2.8. Zimmer Biomet Holdings Inc.
11.2.9. B. Braun Melsungen AG
11.2.10. Conmed Corporation
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
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To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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