The surgical power tool market size is estimated to be USD 19,700 million in 2022 and is expected to witness a CAGR of 8.7% during the forecast period 2023-2033. 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 are factors contributing to the market growth. However, a shortage of trained workers, particularly in developing nations is expected to hinder the growth.

Segmentation

By Application

Based on application, the market is segregated into cardiothoracic surgery, ENT surgery, orthopedic surgery, and neurology surgery. In 2022, the orthopedic surgery segment held the highest market share owing to the increasing number of accidents and increasing geriatric population.

By Technology

On the basis of technology, the market is segregated into pneumatic power tool, battery-driven power tool, and electric-operated power tools. In 2022, 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.

By Product

Based on product, the market is divided into accessories, disposable, and handpiece. In 2022, 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 2022, 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.

Regional Markets

In 2022, North America region accounted for the highest revenue in the surgical power tool market and is expected to maintain its dominance during the forecast period. This is attributed to the increasing technological developments in the healthcare sector and the growing 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.

Competitor Insights

Some of the key players operating in the surgical power tool market are 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), and Stryker Corporation (US).

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 2023 to 2033.

Report Scope:

Segmentation: Surgical Power Tool Market Report 2022 – 2033

Application (Revenue, USD Million), 2022 – 2033

• Cardiothoracic Surgery
• ENT Surgery
• Orthopaedic Surgery
• Neurology Surgery

Technology (Revenue, USD Million), 2022 – 2033

• Pneumatic Power Tool
• Battery Driven Power Tool
• Electric-Operated Power Tool

Product (Revenue, USD Million), 2022 – 2033

• Accessories
• Disposable
• Handpiece

By Device Type (Revenue, USD Million), 2022 – 2033

• High Speed Drilling System
• Small Bone Power Tool
• Medium Bone Power Tool
• Large Bone Power Tool

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA