Global Powered Surgical Tools Market is valued at approximately USD 323.6 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2023-2030. Powered surgical instruments play a crucial role in a diverse range of surgical procedures, assisting either pneumatic or electrical power sources. These instruments contribute to increased efficiency, ultimately reducing the duration of surgeries. Their versatility extends to functions such as cleaning, inspection, and sterilization during procedures. The continuous advancements and innovations in neurology, dentistry, cardiology, orthopedics, and otology have heightened the demand for these powered surgical instruments. The market growth is driven by key factors such as the increasing number of surgical procedures, increasing geriatric gopulation, rising lifestyle disease burden and rising prevalence of osteoporosis and osteoarthritis.
There is a growing emphasis on surgical interventions worldwide, leading to an increase in the number of surgical procedures and driving market expansion. As an illustration, in April 2022, the Victorian government in Australia announced a substantial investment of USD 1.5 billion to address the escalating elective surgery waitlist. This initiative, part of the COVID Catch-Up Plan, aims to boost surgical capacity by 25%, targeting a 125% increase by 2023 and an additional 40,000 surgeries the following year. The substantial investment in surgical procedures is anticipated to contribute significantly to the significant growth of the market during forecast period. Moreover, as per the latest data from the Organization for Economic Co-operation and Development (OECD) in August 2022, the volume of surgeries conducted in certain European nations, including Portugal, Denmark, Ireland, and Norway, for the year 2021 stood at 94.87, 49.33, 32.84, and 21.5 thousand, respectively. The substantial frequency of surgeries in these developed European countries is anticipated to drive increased adoption of powered surgical instruments, thereby fostering growth in the market. However, the lack of availability of a skilled workforce and shortage of trained healthcare professionals stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Powered Surgical Tools Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is leading the market share of Powered Surgical Tools Market propelled by advancements in technology, a rising demand for these tools, heightened awareness regarding facial deformity correction surgical procedures, and the presence of well-established healthcare facilities and services. These factors collectively contribute to the significant growth observed in the market. Asia Pacific is expected to be the fastest growing region spurred by rising demand, technological progress, and a growing elderly population. These ongoing developments are anticipated to persist, solidifying the region's prominent role as a key player in the global market for Craniomaxillofacial (CMF) power tools.
Major market player included in this report are:
- AlloTech Co. Ltd
- B. Braun Melsungen Ag
- Stryker Corporation
- Medtronic PLC
- Smith & Nephew
- Zimmer Biomet
- ConMed Corporation
- De Soutter Medical Ltd
- Adeor Medical AG
- MicroAire Surgical Instruments
Recent Developments in the Market:
- In March 2023, Stryker, a leading global medical technology provider, introduced the CD NXT System, representing a cutting-edge advancement in the company's power tools. This innovative technology revolutionizes surgical procedures by providing real-time depth measurement as specialized drills enable precise, swift, and consistent digital depth assessment.
- In November 2021, DePuy Synthes, a prominent global provider of medical devices and the Orthopaedics Business of Johnson & Johnson, unveiled the UNIUM System as the newest addition to its power tools portfolio. Engineered with a focus on ergonomics, efficiency, and reliability, this system is tailored for Trauma care settings and extends its applicability to sports medicine, small bone surgeries, spine interventions, and thoracic procedures.
- In September 2022 marked a significant development as Teleflex Incorporated successfully finalized the acquisition of Standard Bariatrics, Inc., a company that has brought to market an innovative powered stapling technology specifically designed for bariatric surgery.
- In June 2022, Ethicon, a division of Johnson & Johnson MedTech, unveiled the ECHELON 3000 Stapler. This digitally enabled device empowers surgeons with a user-friendly, one-handed powered articulation, addressing the distinctive requirements of their patients.
Global Powered Surgical Tools Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Power Source, Product Type, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- 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 Power Source:
- Electric Instruments
- Battery-powered Instruments
- Pneumatic Instruments
By Product Type:
- Handpiece
- Disposables
- Accessories
By Application:
- Orthopaedic
- Dental
- Neurosurgery
- Cardiothoracic Surgery
- Other Applications
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Powered Surgical Tools Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Powered Surgical Tools Market, by Power Source, 2020-2030 (USD Million)
- 1.2.3. Powered Surgical Tools Market, by Product Type, 2020-2030 (USD Million)
- 1.2.4. Powered Surgical Tools Market, by Application, 2020-2030 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Powered Surgical Tools Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Powered Surgical Tools Market Dynamics
- 3.1. Powered Surgical Tools Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing Number of Surgical Procedures
- 3.1.1.2. Increasing Geriatric Population and Rising Lifestyle Disease Burden
- 3.1.1.3. Rising prevalence of osteoporosis and osteoarthritis
- 3.1.2. Market Challenges
- 3.1.2.1. Lack of availability of a skilled workforce
- 3.1.2.2. Shortage of trained healthcare professionals
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing incidence of road accidents and sports injuries
- 3.1.3.2. Increase in the demand for orthopaedic device
- 3.1.3.3. Technological Innovations
Chapter 4. Global Powered Surgical 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. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Powered Surgical Tools Market, by Power Source
- 5.1. Market Snapshot
- 5.2. Global Powered Surgical Tools Market by Power Source, Performance - Potential Analysis
- 5.3. Global Powered Surgical Tools Market Estimates & Forecasts by Power Source 2020-2030 (USD Million)
- 5.4. Powered Surgical Tools Market, Sub Segment Analysis
- 5.4.1. Electric Instruments
- 5.4.2. Battery-powered Instruments
- 5.4.3. Pneumatic Instruments
Chapter 6. Global Powered Surgical Tools Market, by Product Type
- 6.1. Market Snapshot
- 6.2. Global Powered Surgical Tools Market by Product Type, Performance - Potential Analysis
- 6.3. Global Powered Surgical Tools Market Estimates & Forecasts by Product Type 2020-2030 (USD Million)
- 6.4. Powered Surgical Tools Market, Sub Segment Analysis
- 6.4.1. Handpiece
- 6.4.2. Disposables
- 6.4.3. Accessories
Chapter 7. Global Powered Surgical Tools Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Powered Surgical Tools Market by Application, Performance - Potential Analysis
- 7.3. Global Powered Surgical Tools Market Estimates & Forecasts by Application 2020-2030 (USD Million)
- 7.4. Powered Surgical Tools Market, Sub Segment Analysis
- 7.4.1. Orthopaedic
- 7.4.2. Dental
- 7.4.3. Neurosurgery
- 7.4.4. Cardiothoracic Surgery
- 7.4.5. Other Applications
Chapter 8. Global Powered Surgical Tools Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Powered Surgical Tools Market, Regional Market Snapshot
- 8.4. North America Powered Surgical Tools Market
- 8.4.1. U.S. Powered Surgical Tools Market
- 8.4.1.1. Power Source breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Product Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Powered Surgical Tools Market
- 8.5. Europe Powered Surgical Tools Market Snapshot
- 8.5.1. U.K. Powered Surgical Tools Market
- 8.5.2. Germany Powered Surgical Tools Market
- 8.5.3. France Powered Surgical Tools Market
- 8.5.4. Spain Powered Surgical Tools Market
- 8.5.5. Italy Powered Surgical Tools Market
- 8.5.6. Rest of Europe Powered Surgical Tools Market
- 8.6. Asia-Pacific Powered Surgical Tools Market Snapshot
- 8.6.1. China Powered Surgical Tools Market
- 8.6.2. India Powered Surgical Tools Market
- 8.6.3. Japan Powered Surgical Tools Market
- 8.6.4. Australia Powered Surgical Tools Market
- 8.6.5. South Korea Powered Surgical Tools Market
- 8.6.6. Rest of Asia Pacific Powered Surgical Tools Market
- 8.7. Latin America Powered Surgical Tools Market Snapshot
- 8.7.1. Brazil Powered Surgical Tools Market
- 8.7.2. Mexico Powered Surgical Tools Market
- 8.8. Middle East & Africa Powered Surgical Tools Market
- 8.8.1. Saudi Arabia Powered Surgical Tools Market
- 8.8.2. South Africa Powered Surgical Tools Market
- 8.8.3. Rest of Middle East & Africa Powered Surgical Tools Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. AlloTech Co. Ltd
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. B. Braun Melsungen Ag
- 9.3.3. Stryker Corporation
- 9.3.4. Medtronic PLC
- 9.3.5. Smith & Nephew
- 9.3.6. Zimmer Biomet
- 9.3.7. ConMed Corporation
- 9.3.8. De Soutter Medical Ltd
- 9.3.9. Adeor Medical AG
- 9.3.10. MicroAire Surgical Instruments
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption