Surgical Power Tools Market (By Product: Surgical Drills, Electric Pen Drive; By End-use: Hospitals, Ambulatory Surgical Centers, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033

The global surgical power tools market size was valued at USD 324.10 million in 2023 and is anticipated to reach around USD 587.57 million by 2033, growing at a CAGR of 6.13% from 2024 to 2033. The rising incidence of chronic diseases, like neurological disorders, orthopaedic disorders, and cardiovascular conditions that require surgical treatments are major drivers of the surgical power tools market.

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Surgical Power Tools Market Key Takeaways

• The North America surgical power tools market size accounted for USD 129.64 million in 2023 and is expected to attain around USD 237.97 million by 2033.
• North America dominated the market with the largest market share of 40% in 2023.
• Asia Pacific is expected to witness the fastest CAGR of 6.52% during the forecast period.
• By product, the surgical drill segment held the largest share of 84% in 2023.
• By product, the electric pen drive segment is projected to grow at a CAGR of 6.36% during the forecast period.
• By end use, the hospitals segment has accounted more than 57% of market share in 2023.

Surgical Power Tools Market Size in U.S. 2024 to 2033

The U.S. surgical power tools market size reached USD 97.23 million in 2023 and is expected to be worth around USD 178.47 million by 2033 at a CAGR of 6.26% from 2024 to 2033.

North America has dominated the surgical power tools market in 2023. This region has dynamic and evolving industry that is driven by several technological advancements and higher demand for surgical power tools which aids in a complex surgery performed by medical professionals. The market for surgical power tools in North America is a dynamic and ever-evolving sector driven by technological advancements, growing consumer demand, rising awareness of surgical procedures for correcting facial deformities, and the availability of reputable healthcare facilities and services, among other factors that have contributed to the market's notable growth. With the use of these technologies, surgical precision and accuracy can be increased, thereby improving results and reducing problems.

In addition, market demand is driven by growing awareness of deformity correction in face as well as improved access and affordability of healthcare services. especially in developing countries where the middle class is expanding and access to healthcare is increasing.

Asia Pacific is expected to witness the fastest rate of growth during the forecast period in the surgical power tools market. Asia Pacific has witnessed an incremental development in the healthcare infrastructure in the past few years due to the increase in demand for preventive healthcare culture, technically advanced facilities provided by healthcare centres, and a rising geriatric population, which is more prone to diagnosis with age-related diseases, including chronic pain.

As per the National Library of Medicine, emergency departments in healthcare frequently deal with surgery due to traumatic brain injury-TBI. Over 1 million visits related to brain injuries are registered annually in the emergency department for different reasons. Here, surgical power tools play crucial roles in the recovery of patients after brain surgery, as it is the most complex one and could be fatal, many times if not appropriately treated even after surgery.

Additionally, many countries like India, Japan, China, and Singapore have invested in their healthcare infrastructure in huge amounts, including advanced facilities and highly skilled professionals. Due to this, the Asia Pacific region has become a medical tourism hub for the international population. Such facilities enable the healthcare system of Asia Pacific to deliver high-quality treatment to patients in a reasonable amount. Tourists travel to Thailand and Malaysia for surgical operations due to their affordable medical services and effective output and recovery rate.

Surgical Power Tools Market Size in Asia Pacific 2023 to 2033

The Asia Pacific surgical power tools market size was calculated at USD 77.78 million in 2023 and is projected to expand around USD 143.95 million by 2033, poised to grow at a CAGR of 6.34% from 2024 to 2033.

Surgical Power Tools Market Overview

The surgical power tools market revolves around the production, innovation and distribution of tools that are generally utilized in the surgical processes. The market has experienced significant growth in recent years, driven by advancements in surgical techniques, increasing demand for minimally invasive surgeries, and the rising prevalence of chronic diseases requiring surgical intervention. These tools are essential for precise and efficient procedures, reducing operative times and improving patient outcomes. Key factors fuelling the growth of the surgical power tools market include technological advancements such as the development of battery-operated tools, which offer greater mobility and flexibility in the operating room. Additionally, the increasing adoption of robotic-assisted surgeries drives demand for specialized power tools designed to work seamlessly with these systems.

Orthopaedic surgeries, in particular, contribute significantly to the demand for surgical power tools, as these procedures often require precision cutting and shaping of bones. Geographically, North America dominates the surgical power tools market, driven by a well-established healthcare infrastructure, high healthcare expenditure, and a growing geriatric population.

Surgical Power Tools Market Growth Factors

•  Increasing prevalence of chronic diseases and the aging population driving surgical interventions.
• Technological advancements such as robotic-assisted surgery and minimally invasive techniques enhancing surgical outcomes.
• Development of more competent and more precise surgical tools, improving efficiency and patient outcomes.
• Expansion of healthcare infrastructure in emerging economies leading to increased demand for advanced medical devices.
• Rising healthcare expenditure globally supporting investments in surgical power tools and equipment.

Surgical Power Tools Market Scope

Surgical Power Tools Market Dynamics

Driver: Minimally invasive procedures

The increasing demand for minimally invasive surgeries is a significant driver in the surgical power tools market. Minimally invasive procedures offer several advantages over traditional open surgeries, including smaller incisions, reduced blood loss, faster recovery times, and shorter hospital stays. Surgical power tools facilitate these minimally invasive techniques by providing surgeons with precise and efficient instruments for accessing and manipulating tissues. Moreover, as patients increasingly seek less invasive treatment options, healthcare providers are expanding their surgical capabilities to meet this demand. This has led to a growing adoption of advanced surgical power tools specifically designed for minimally invasive procedures.

Furthermore, technological advancements, such as the development of smaller and lighter power tools, have made minimally invasive surgeries more feasible and accessible. These innovations enable surgeons to perform complex procedures with greater precision and control, driving the overall growth of the surgical power tools market. As the trend towards minimally invasive surgeries continues to grow, fuelled by patient preference and advancements in medical technology, the demand for surgical power tools is expected to rise steadily, positioning the market for further expansion and innovation.

Restraint: High cost

One primary restraint of the surgical power tools market is the high cost of acquiring and maintaining advanced surgical equipment. The initial investment required for purchasing surgical power tools, especially those equipped with advanced technologies or designed for specialized procedures, can be substantial. Additionally, ongoing maintenance, servicing, and calibration expenses further add to the total cost of ownership. Moreover, healthcare facilities often face budget constraints and reimbursement challenges, particularly in regions with limited healthcare resources or where government healthcare spending is constrained. As a result, healthcare providers may be reluctant to invest in expensive surgical power tools, opting.  Instead of more cost-effective alternatives or delaying equipment upgrades.

Opportunity: Integrating advanced technologies

Opportunity for the surgical power tools market lies in developing and adopting smart and connected surgical instruments. Recent launches in the market have showcased the potential of integrating advanced technologies such as artificial intelligence (AI), machine learning, and Internet of Things (IoT) capabilities into surgical power tools, offering several benefits for both surgeons and patients.

• For instance, some companies have introduced surgical tools equipped with sensors and AI algorithms that provide real-time feedback to surgeons during procedures. These intelligent tools can analyse data such as tissue density, blood flow, and nerve proximity, helping surgeons make more informed decisions and improve surgical outcomes.

Additionally, connectivity features enable these tools to seamlessly integrate with electronic medical records systems, enabling efficient data management and documentation. recent launches have also focused on enhancing the user experience with innovations such as lightweight and aesthetic designs, intuitive user interfaces, and wireless connectivity options. These advancements not only improve surgeon comfort and efficiency but also contribute to reducing the risk of fatigue and repetitive strain injuries that can be fatal to patients.

Product Insights

The surgical drill segment held the largest share of the surgical power tools market. Surgical drills are used in many different types of surgical operations and are an essential instrument in surgical surgeries. Neuro surgeries, orthognathic surgery, maxillofacial surgery, dental implant surgery, etc., are some of these operations. Surgeons may perform precise and accurate procedures with minimal tissue damage thanks to the use of surgical drills, which are used to cut and shape hard tissues such as bone. Technological developments have created more sophisticated and effective surgical drills, such as high-speed electric and pneumatic drills, raising the market's demand for these instruments.

The electric pen drive segment is predicted to have the fastest rate of growth in the surgical power tools market during the forecast period. Electric pen drives are the best option for sensitive treatments since they provide excellent control and precision in surgeries. Because of their fast-operating speed design, surgeons can execute precise and accurate cuts with little to no tissue damage. Patients heal more quickly as a result, and there is a lower chance of problems.

Additionally, they are quieter than conventional electric or pneumatic drills, which might lessen the worry and tension related to surgical operations. In addition, new technological advances have led to the creation of increasingly sophisticated and effective electric pen drives, including models with adjustable speed settings, oscillating tips, and longer battery life.

End-use Insights

The hospitals segment held the largest shaer of the surgical power tools market in 2023, indicating its dominance in the market. Surgical procedures are primarily carried out at hospitals. They are, therefore, the primary users of power tools for these procedures. In order to perform complex surgical procedures, which requires specialized instruments like surgical power tools, hospitals have well-equipped operating rooms and trained personnel. Long-term partnerships between hospitals and manufacturers can lead to more affordable prices and improved customer service.

Hospitals also follow stringent procedures for sanitizing and maintaining surgical instruments, especially power tools. Specific requirements are frequently met for manufacturers to sell their goods to hospitals. In addition, hospitals must adhere to stringent guidelines and standards regarding the calibres and security of medical equipment.

Surgical Power Tools Market Recent Developments

• In March 2023, a novel power tool, CD NXT, was launched by Stryker corporation. It delivers real-time data with fast, accurate, and consistent digital depth measurements as the surgeon drills during various procedures.
• In August 2022, MpowerHealth introduced a digital care platform, the musculoskeletal system, which provides 360-degree care for telehealth and remote physiological monitoring. It established coordination between physicians and patients and with other digital health systems.

Surgical Power Tools Market Companies

• DePuy Synthes (Johnson & Johnson)
• Orthopromed Inc.
• B Braun
• CONMED Corporation
• Zimmer Biomet
• Stryker
• KLS Martin Group
• Medtronic

Segments Covered in the Report

By Product

• Surgical Drills
• Electric Pen Drive

By End-use

• Hospitals
• Ambulatory Surgical Centers
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa