Redding, California, Jan. 16, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled, ‘Surgical Power Tools Market by Product (Drill, Saw, Reamer, Shaver, Wire Driver, Power Source, Accessories), Application (Orthopedic, Neuro, Dental, ENT, Cardiothoracic), Usage (Reusable, Disposable), End User (Hospital, Clinic) - Global Forecast to 2030”, published by Meticulous Research®, the surgical power tools market is expected to register a CAGR of 4.3% from 2023 to 2030 to reach $3.25 billion by 2030.
Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5399
Surgery power tools include powered instruments and accessories that assist in several surgeries. These tools are used in orthopedic surgery, neurosurgery, dental craniomaxillofacial surgery, ENT surgery, cardiothoracic surgery, and plastic & reconstructive surgery to fixate, shape, cut, and dissect bone. In several surgical procedures, they are also used to emulsify, aspirate, and fragment soft tissue.
The demand for surgery power tools is experiencing a surge due to the rising number of aging people, the increasing prevalence of orthopedic and neurological disorders, and technological advancements related to surgical power tools.
Impact of COVID-19 on the Surgical Power Tools Market
The COVID-19 pandemic has negatively affected the surgical power tools market. The surgery procedures were either delayed or canceled during the pandemic. People avoided hospital visits for fear of getting infected with COVID-19. During the pandemic, only emergency procedures were carried out under stringent guidelines. Also, disrupted supply chains due to trade restrictions by almost every country affected the market growth. However, the market experienced post-pandemic growth due to the increasing frequency of delayed and postponed surgeries during the pandemic.
The global surgical power tools market is segmented by Product (Handpieces {Drills, Saws, Reamers, Shavers, Wire/Pin Drivers, Other Handpieces}, Power Source & Controls {Electric consoles, Battery, Pneumatic Regulators}, Accessories {Surgical Accessories, Electrical Accessories, Other Accessories}), Application (Orthopedic Surgery, Neurosurgery, Dental and Craniomaxillofacial Surgery, ENT Surgery, Cardiothoracic Surgery, Plastic & Reconstructive Surgery ), Usage, End (Reusable, Disposable), End User, (Hospitals, ASCs and Clinics), and Geography. The study also evaluates industry competitors and analyzes their market share at global and regional levels.
Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5399
Based on product, the handpieces segment is expected to account for the largest share of the global surgical power tools market in 2023. The large market share of this segment is attributed to the compatibility of handpieces with numerous attachments and their usage in various surgeries. Handpieces also offer power optimization. In dental surgery, handpieces are used for drilling, grinding, and polishing. These allow dentists to work more quickly and efficiently.
Based on application, the orthopedic segment is expected to account for the largest share of the global surgical power tools market in 2023. The large market share of this segment is attributed to the rising number of orthopedic surgeries, increasing prevalence of orthopedic disorders, and rise in the adoption of minimally invasive orthopedic surgery. However, the neurosurgery segment is projected to register the highest CAGR during the forecast period. The growth of the neurosurgery segment is expected to be driven by the increasing adoption of minimally invasive neurosurgeries. Increasing preference for surgical-powered tools in several surgical procedures, including brain surgery, drives segment growth. Moreover, increasing patient preference for minimally invasive neurosurgeries due to shorter incision lengths, less recovery time than traditional surgeries, less trauma and tissue disruption, and reduced hospital stay also contribute to the segment’s growth.
Based on usage, the global surgical power tools market is segmented into reusable tools and disposable tools. In 2023, the reusable tools segment is expected to account for the largest share of the global surgical power tools market due to the need for cost efficiency and minimizing waste. However, the disposable tools segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the need for cost efficiency and low risk of infection spread.
Quick Buy – Surgical Power Tools Market - Global Opportunity Analysis And Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/50433997
Based on end user, the hospitals segment is expected to register the highest CAGR during the forecast period. Well-established surgical setup, availability of trained surgical professionals, and high adoption of surgical tools mainly contribute to the segment's fast growth.
Based on geography, in 2023, North America is expected to account for the largest share of the global surgical power tools market. The growth of this market in North America is primarily driven by the high adoption of advanced surgical instruments and growing preferences for minimally invasive surgeries. Furthermore, increasing number of surgeries due to chronic diseases and favorable reimbursement scenario also support the market growth in the region.
The report also includes an extensive assessment of the key strategic developments of leading market participants in the industry over the past three years (2019–2022). In the last couple of years, the global surgical power tools market has witnessed product launches, collaborations, agreements, and expansions.
Some of the key players operating in the global Surgical Power Tools Market are Medtronic Plc (Ireland), ConMed Corporation (U.S.), B. Braun Melsungen AG (Germany), Zimmer Biomet Holdings, Inc. (U.S.), Johnson & Johnson (U.S.), Stryker Corporation (U.S.), De Soutter Medical Limited (U.K.), AlloTech Co. Ltd. (South Korea), Smith & Nephew plc (U.K), and NOUVAG AG (Switzerland).
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/surgical-power-tools-market-5399
Scope of the Report:
Surgical Power Tools Market, by Product
- Handpieces
- Drills
- Saws
- Reamers
- Shavers
- Wire/Pin Drivers
- Other Handpieces
- Power Source & Controls
- Electric Consoles
- Batteries
- Pneumatic Regulators
- Accessories
- Surgical Accessories
- Electrical Accessories
- Other Accessories
Surgical Power Tools Market, by Application
- Orthopedic Surgery
- Neurosurgery
- Dental and Craniomaxillofacial Surgery
- ENT Surgery
- Cardiothoracic Surgery
- Plastic & Reconstructive Surgery
Surgical Power Tools Market, by Usage
- Reusable Tools
- Disposable Tools
Surgical Power Tools Market, by End User
- Hospitals
- ASCs and Clinics
Surgical Power Tools Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of APAC (RoAPAC)
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5399
Related Reports:
Dental Implants Market by Type (Endosteal, Subperiosteal, Intramucosal, Transosteal), Material (Titanium, Zirconium), Price (Premium, Non-premium), and End User (Dental Clinics, Hospitals, Academic & Research Institutes) - Global Forecast to 2029
https://www.meticulousresearch.com/product/dental-implants-market-2884
Medical Aesthetics Market by Product (Facial Aesthetics, Body Contouring, Cosmetic Implant, Physician Dispensed Cosmeceuticals, Skin Aesthetic, Thread Lift), End User (Hospitals, Clinics, & Medical Spas, Beauty Centers, & Home Care) - Global Forecast to 2029
https://www.meticulousresearch.com/product/medical-aesthetics-market-5028
Orthopedic Braces and Supports Market by Product (Knee, Shoulder, Ankle, Spine, Hand, Neck), Type (Soft, Hinged & Hard), Application (ACL, LCL, Osteoarthritis, Preventive Care), Distribution Channel (E-commerce, Hospital, Pharmacy) - Global Forecast to 2029
https://www.meticulousresearch.com/product/orthopedic-braces-and-supports-market-5355
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/627/surgical-power-tools-market-2030
