Surgical power tools market statistics and research analysis released in latest report

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A research study conducted by Global Market Insights, Inc., suggests that surgical power tools market is likely to exceed the $2.9 billion mark by 2026, in terms of revenue.

The surgical power tools market is likely to gain traction as a result of increasing cases of orthopaedic disorders, technological advancement in the surgical tools, and preference for surgical power tools to perform the surgeries with precision and minimum invasion.

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Germany is predicted to boost Europe surgical power tools market revenue over the forecast timeframe owing to increased number of neurological disorders and palpable preference for surgical power tools. Further, introduction of novel technologies will help companies gain a competitive edge in the industry as major players, such as Stryker, Johnson & Johnson and Medtronic present a more sophisticated and simplified approach leveraging the innate ability to saw, ream, and drill with the same handpiece. As per estimates, Germany garnered around 19% market share in 2019.

Speaking of the Asia Pacific region, India presents a wide scope for the adoption of surgical power tools. In 2016, the prevalence rate of osteoarthritis in the nation was 22% to 39% as published by the National Health Portal of India. These past trends signifying high rate of orthopaedic disorders will increase the demand for surgical power tools and open new avenues for the market to expand in APAC where osteoarthritis continues to be one of the most frequent joint diseases.

One of the main reasons for the prevalence of orthopaedic disorders to increase in the APAC region is the rising geriatric population that is increasingly susceptible to bone-related disorders. As per the World Health Organization (WHO), Japan has an average life expectancy of 83.7 years, South Korea has an average of 82.3 years, while in the United States, the average life expectancy is 79.3 years. That said, medical tourism is also an important factor driving APAC surgical power tools market. Convenient medical facilities and presence of fairly good healthcare personnel have increased the scope of APAC as a medical tourism destination, consequently raising the demand for surgical power tools.

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 In terms of the product, the handpiece segment is projected to strengthen the surgical power tools market size. Prominently, handpiece products had recorded a value of USD 952 million in 2019; a similar growth trajectory is estimated in the next six years.

Handpiece devices are known to provide high accuracy and efficiency while performing the dental and other orthopaedic surgeries for they enhance view and streamline accessibility of surgical sites. Sustained demand for handpieces in applications such as placing bone screws, drilling and fixing guidewires will fuel surgical power tool market share.

In terms of the technology, the surgical power tools are categorized into electric, battery-driven, and pneumatic tools. Battery driven surgical tools are highly preferred due to their characteristics such durability, ease of usage, freedom of movement due to absence of cable and long life due to the usage of lithium batteries. Driven by the potential advantages offered by these tools; the battery driven surgical tool segment is expected to grow at an appreciable rate through 2026. In fact, the segment was responsible for a market share of 35% in 2019.

In terms of application, the cardiothoracic surgery segment is projected to mark an appreciable growth, not to mention, in 2019, the segment had registered a value of USD 143 million. The growth in this segment can be attributed to rising number of cardiothoracic surgeries such as transplantation, open heart surgery, device implantation, etc. According to a report by the Texas Heart Institute, over 200,000 bypass surgeries are carried out in the U.S. every year, exhibiting robust growth projection of application portfolio.


The industry players are focused on the alliances, acquisitions, new product launches and research activities to improve upon their offerings. Quoting an instance, in 2018, Medtronic acquired Mazor Robotics based in Israel which fortified Medtronic’s position on a global level.

On the competitive terrain, some of the renown names in the industry are AlloTech Co. Ltd., MatOrtho, Stryker, DePuy Synthes, DeSoutter Medical, Exactech, Nouvag AG, Medtronic, Zimmer and B.Braun

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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Email: sales@gminsights.com

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