Globalsurgical power tools market is expected to gain market growth in the forecastperiod of 2021 to 2028. Technological advancements in multifunctional surgical power tools andincreasing need for surgical power tools globally are the major drivers whichpropelled the demand of the market in the forecast period.
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Surgicalpower tools are used for performing surgeries on bone or bone fragments, amongother types. These power tools help in reaming, sawing, drilling, screwing, andother procedures. It includes a handpiece, disposables, and accessories.Handpieces used for surgeries are generally of two types of electric handpiecesand air-driven handpieces; however, with rapid research and development, hightorque electric handpieces have also been discovered. Major surgical procedureswhere these tools can be employed involve orthopedic surgery, ENT surgery,neurology surgery, dental surgery, and cardiothoracic surgery. The discovery ofsuch power tools has revolutionized surgical procedures by making the overallprocedure efficient and flawless.
Surgicalpower tools play a major role during the surgeries. Surgical power tools arethe equipment’s and instruments which are used during the several surgeries andgive several advantages including power optimization, smooth delivery andcompatibility with wide range of attachments which enhances its usage amongsurgeons. Moreover introduction of electrically powered surgical power toolshas attracted surgeons and they usually prefers these electric instruments fortheir high speed which enhances the flexibility rate of surgeries.
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Global Surgical Power Tools Market Scope and Market Size
On the basis of product, the global surgical power toolsmarket is segmented into handpiece, disposables and accessories. In 2021, thehandpiece segment is expected to dominate the market due to its automatic poweroptimization feature, smooth surgical delivery, and high compatibility ratewith a wide range of accessories and disposables. Handpieces are used forvarious surgical procedures ranging from drilling to reaming, boosting themarket growth.
On the basis of technology, the global surgical power toolsmarket is segmented into electric-operated power tools, battery-driven powertools, pneumatic power tools, others. In 2021, the electric-operated powertools segment is expected to dominate the market as this instrument offersconstant torque even with high resistance and higher load. Moreover, enhanced safetyprecautions associated with accidental injuries have been lowered byintroducing electrically operated power tools, accelerating market growth.Electric-powered power tools do not produce any vibratory sensation, enhancingtheir demand in the market.
On the basis of device type, the global surgical power toolsmarket is segmented into large bone power tools, small bone power tools, mediumbone power tools, others. In 2021, the large bone power tools segment isexpected to dominate the market due to the rise in the prevalence ofosteoarthritis, osteoporosis, and hip fractures, among other large boneinjuries. Moreover, the growing number of knee arthroplasty, among others, isproviding the market with lucrative growth.
On the basis of application, the global surgical power toolsmarket is segmented into orthopedic surgery, ENT surgery, neurology surgery,dental surgery, cardiothoracic surgery, others. In 2021, the orthopedic surgerysegment is expected to dominate the market due to the rise in a number of sortsand road accidents and the high adoption of minimally-invasive surgicalprocedures.
On the basis of end user, the global surgical power toolsmarket is segmented into hospitals, ambulatory surgical centers (ASC), clinics,others. In 2021, the hospitals segment is expected to dominate the market dueto the rise in number of surgeries and demand for devices that can cut off theoverall surgery time and high-cost pressure.
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Global Surgical Power Tools Market Country Level Analysis
U.S. is dominating the market due to an increase inapplication of surgical power tools in orthopedic surgeries and advantages ofsurgical power tools. In Europe, Germany is expected to grow with the fastestCAGR in the forecast period due to the increasing demand & availability ofsurgical power tools, rising R&D activities, and increasing orthopedicdisorders. Japan is dominating due to rise in preference for electric-operatedpower tools and rise in prevalence of neurological disorders.
Competitive Landscape and Global Surgical Power Tools MarketShare Analysis
Global surgical power tools market competitive landscapeprovides details by competitor. Details included are company overview, companyfinancials, revenue generated, market potential, investment in research anddevelopment, new market initiatives, production sites and facilities, companystrengths and weaknesses, product launch, product trials pipelines, productapprovals, patents, product width and breath, application dominance, technologylifeline curve. The above data points provided are only related to thecompany’s focus related to global surgical power tools market.
The major companies providing surgical power tools areMedtronic, Stryker, Zimmer Biomet, OrthoPromed, NOUVAG AG, Medical Bees Gmbh,Exactech, Inc., DePuy Synthes (The Orthopedic company of Johnson & JohnsonServices, Inc.), B. Braun Melsungen AG, CONMED Corporation, Adeor Medical AG,Arthrex, Inc., Shanghai Bojin Medical Instruments CO., Ltd, Chongqing XishanScience & Technology Co., Ltd., Sharma Orthopedic India Pvt Ltd,gpcmedical, NSK LTD., Sharplinegroup, MatOrtho Limited, IMEDICOM, maxon, PUSMMEDICAL, Komet Medical, Wuhu Ruijin Medical Instrument & Device Co., ltd.,Aygun co., Inc., 3M, De Soutter Medical, AlloTech Co.,LTD among others. DBMRanalysts understand competitive strengths and provide competitive analysis foreach competitor separately.
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