Insights on the Surgical Power Tool Global Market to 2029 – by … – Business Wire
DUBLIN–(BUSINESS WIRE)–The “Surgical Power Tool Market Analysis by Application, by Technology, by Product, by Device Type, and by Region – Global Forecast to 2029” report has been added to ResearchAndMarkets.com’s offering.
The surgical power tool market size is estimated to be USD 19,700 million in 2021 and is expected to witness a CAGR of 8.7% during the forecast period 2022-2029.
- Adeor medical AG (Germany)
- AlloTech Co. LTD (India)
- B. Braun Melsungen AG (Germany)
- DePuy Synthes (Johnson & Johnson) (US)
- DeSoutter Medical (US)
- Exactech (US)
- iMEDICOM (South Korea)
- MatOrtho (UK)
- Medical Bees GmbH (Germany)
- Medtronic plc (US)
- Nouvag AG (Germany)
- Orthopromed (US)
- Shanghai Bojin Medical Instrument Co. Ltd (China)
- Stryker Corporation (US)
The rising usage of surgical power tools due to benefits such as improved dependability, increased performance, and a longer life cycle and increasing technical developments in surgical power tools, a rise in research and development spending to produce surgical power instruments that are comfortable and economical, and are some of the primary market drivers.
However, a shortage of trained workers, particularly in developing nations is expected to restrain the market growth.
Based on application, the market is segregated into cardiothoracic surgery, ENT surgery, orthopaedic surgery, and neurology surgery. In 2021, the orthopaedic surgery segment held the highest market share owing to the increasing number of accidents and increasing geriatric population.
On the basis of technology, the market is segregated into pneumatic power tool, battery-driven power tool, and electric-operated power tools. In 2021, the battery-driven power tool segment held the highest market share due to rising surgery skill levels and its advantage like the battery-powered power tools offer a quick attachment method, are lightweight, and deliver dependable performance with the latest generation powerful engine.
Based on product, the market is divided into accessories, disposable, and handpiece. In 2021, the disposable segment held the highest market share owing to a rising number of orthopedic and plastic operations performed worldwide.
By Device Type
Based on device type, the market is categorized into high speed drilling system, small bone power tool, medium bone power tool, and large bone power tool. In 2021, the large bone power tool segment held the highest market share due to the increasing usage of power tools for orthopaedic procedures and rising old age population worldwide.
In 2021, North America had the greatest share of the market due to the increasing technological developments in the healthcare sector and the increased investment in the healthcare industry, and rise in the number of procedures. However, the Asia-Pacific region is predicted to grow at the fastest rate during the projection period owing to increasing numbers of geriatric operations and growing numbers of elderly people.
This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including application, technology, product and device type from 2022-2029.
Segmentation: Surgical Power Tool Market Analysis Report 2021-2029
Application (Revenue, USD Million)
- Cardiothoracic Surgery
- ENT Surgery
- Orthopaedic Surgery
- Neurology Surgery
Technology (Revenue, USD Million)
- Pneumatic Power Tool
- Battery Driven Power Tool
- Electric-Operated Power Tool
Product (Revenue, USD Million)
Device Type (Revenue, USD Million)
- High Speed Drilling System
- Small Bone Power Tool
- Medium Bone Power Tool
- Large Bone Power Tool
By Region (Revenue, USD Million)
- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
Middle East & Africa
- South Africa
- Rest of MEA
For more information about this report visit https://www.researchandmarkets.com/r/9sh2pq