Product Code: GVR-4-68040-051-5
Surgical Power Tools Market Growth & Trends:
The global surgical power tools market size is expected to reach USD 514.7 million by 2030, to expand at a CAGR of 6.1% from 2023 to 2030 based on a new report by Grand View Research, Inc. Technological advancements in surgical devices, and an increasing number of facial and head injuries, followed by the rise in global geriatric population are some of the major factors driving the growth of market. However, the adoption of patient-specific devices can be limited due to a lack of suitable reimbursement, as healthcare providers may be unsure about adopting these devices due to cost-related concerns.
The surgical power tools are used in a variety of surgical procedures, including the treatment of facial fractures, cranial defects, and tumors, which include procedures such as reconstructive surgery, orthognathic surgery, & trauma surgery. During the pandemic, many elective surgeries were postponed or canceled, resulting in a decline in the demand. For instance, in 2021, around 10 million people in the U.K. were waiting for surgical treatments, which was an increase from 4 million prior to the pandemic. Similarly, over 28 million surgical procedures were canceled or postponed during the pandemic, creating a backlog that took a year to clear, and this figure could have been worse if the global lockdown was extended.
Surgical Power Tools Market Report Highlights:
- Based on product, the surgical drillssegment accounted for the largest market share of 85.6% in 2022. The electric pen drive segment is expected to witness the fastest CAGR of 6.4% from 2023 - 2030.
- Based on end-use, the hospitals segment accounted for the largest market share of 57.2% in 2022. The others segment is expected to witness the fastest CAGR of 6.5% over the forecast period.
- North America accounted for the largest revenue share of nearly 39.5% in 2022 owing to the technologically developed health infrastructure & presence of key companies in the region. Asia Pacific is expected to witness the fastest growth rate of 6.5% over the forecast period.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 Gvr's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.4 Information Or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Model Details
- 1.5.1 Commodity Flow Analysis
- 1.5.1.1 Research Scope And Assumptions
- 1.5.1.2 Research Medthology
- 1.6 List Of Secondary Sources
- 1.7 List Of Abbreviations
- 1.8 Objectives
- 1.8.1 Objective 1
- 1.8.2 Objective 2
- 1.8.3 Objective 3
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segment Outlook
- 2.3 Regional Insights
- 2.4 Competitive Insights
- 2.5 Market Snapshot
- 2.6 Segment Snapshot
- 2.7 Competitive Landscape
Chapter 3 Surgical Powers Tool Market Variables And Trends
- 3.1 Market Lineage Outlook
- 3.2 Market Dynamics
- 3.2.1 Market Driver Impact Analysis
- 3.2.1.1 Technological Advancements In Surgical Devices
- 3.2.1.2 Increase In The Number Of Facial And Head Injuries
- 3.2.2 Market Restraint Impact Analysis
- 3.2.2.1 Lack Of Reimbursement Policies For Patient-Specific Devices
- 3.2.2.2 Lack Of Availability Of Skilled Workforce To Perform Surgical Procedures In Developing Countries
- 3.3 Industry Analysis Tools
- 3.3.1 Porter's Analysis
- 3.3.2 Macroeconomic Analysis
- 3.4 Opportunities
- 3.4.1 Increased Demand For Minimally Invasive Treatments
- 3.5 Impact Of Covid-19 Pandemic
Chapter 4 Surgical Powers Tool Market: Product Analysis
- 4.1 Product Movement Analysis & Market Share, 2022 & 2030
- 4.2 Surgical Powers Tool Market Estimates & Forecast, By Product (USD Million)
- 4.3 Market Size & Forecasts And Trend Analysis, 2018 To 2030 For The Product
- 4.3.1 Surgical Drill
- 4.3.1.1 Surgical Drill Market, 2018 - 2030 (USD Million)
- 4.3.2 Electric Pen Drive
- 4.3.2.1 Electric Pen Drive Market, 2018 - 2030 (USD Million)
Chapter 5 Surgical Powers Tool Market: End-Use Analysis
- 5.1 End-Use Movement Analysis & Market Share, 2022 & 2030
- 5.2 Surgical Powers Tool Market Estimates & Forecast, By End-Use (USD Million)
- 5.3 Market Size & Forecasts And Trend Analysis, 2018 To 2030 For The End-Use
- 5.3.1 Hospitals
- 5.3.1.1 Hospitals Market, 2018 - 2030 (USD Million)
- 5.3.2 Ambulatory Surgical Centers
- 5.3.2.1 Ambulatory Surgical Centers Market, 2018 - 2030 (USD Million)
- 5.3.3 Others
- 5.3.3.1 Others Market, 2018 - 2030 (USD Million)
Chapter 6 Surgical Powers Tool Market: Regional Estimates & Trend Analysis
- 6.1 Surgical Powers Tool Market: Regional Outlook
- 6.2 North America
- 6.2.1 North America Surgical Powers Tool Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.2.2 U.S.
- 6.2.2.1 Key Country Dynamics
- 6.2.2.2 Competitive Scenario
- 6.2.2.3 Regulatory Framework
- 6.2.2.4 Reimbursement Scenario
- 6.2.2.5 U.S. Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.2.3 Canada
- 6.2.3.1 Key Country Dynamics
- 6.2.3.2 Competitive Scenario
- 6.2.3.3 Regulatory Framework
- 6.2.3.4 Reimbursement Scenario
- 6.2.3.5 Canada Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3 Europe
- 6.3.1 Europe Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3.2 Uk
- 6.3.2.1 Key Country Dynamics
- 6.3.2.2 Competitive Scenario
- 6.3.2.3 Regulatory Framework
- 6.3.2.4 Reimbursement Scenario
- 6.3.2.5 Uk Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3.3 Germany
- 6.3.3.1 Key Country Dynamics
- 6.3.3.2 Competitive Scenario
- 6.3.3.3 Regulatory Framework
- 6.3.3.4 Reimbursement Scenario
- 6.3.3.5 Germany Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3.4 France
- 6.3.4.1 Key Country Dynamics
- 6.3.4.2 Competitive Scenario
- 6.3.4.3 Regulatory Framework
- 6.3.4.4 Reimbursement Scenario
- 6.3.4.5 France Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3.5 Italy
- 6.3.5.1 Key Country Dynamics
- 6.3.5.2 Competitive Scenario
- 6.3.5.3 Regulatory Framework
- 6.3.5.4 Reimbursement Scenario
- 6.3.5.5 Italy Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3.6 Spain
- 6.3.6.1 Key Country Dynamics
- 6.3.6.2 Competitive Scenario
- 6.3.6.3 Regulatory Framework
- 6.3.6.4 Reimbursement Scenario
- 6.3.6.5 Spain Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3.7 Sweden
- 6.3.7.1 Key Country Dynamics
- 6.3.7.2 Competitive Scenario
- 6.3.7.3 Regulatory Framework
- 6.3.7.4 Reimbursement Scenario
- 6.3.7.5 Sweden Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3.8 Denmark
- 6.3.8.1 Key Country Dynamics
- 6.3.8.2 Competitive Scenario
- 6.3.8.3 Regulatory Framework
- 6.3.8.4 Reimbursement Scenario
- 6.3.8.5 Denmark Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.3.9 Norway
- 6.3.9.1 Key Country Dynamics
- 6.3.9.2 Competitive Scenario
- 6.3.9.3 Regulatory Framework
- 6.3.9.4 Reimbursement Scenario
- 6.3.9.5 Norway Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4.2 Japan
- 6.4.2.1 Key Country Dynamics
- 6.4.2.2 Competitive Scenario
- 6.4.2.3 Regulatory Framework
- 6.4.2.4 Reimbursement Scenario
- 6.4.2.5 Japan Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4.3 China
- 6.4.3.1 Key Country Dynamics
- 6.4.3.2 Competitive Scenario
- 6.4.3.3 Regulatory Framework
- 6.4.3.4 Reimbursement Scenario
- 6.4.3.5 China Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4.4 India
- 6.4.4.1 Key Country Dynamics
- 6.4.4.2 Competitive Scenario
- 6.4.4.3 Regulatory Framework
- 6.4.4.4 Reimbursement Scenario
- 6.4.4.5 India Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4.5 Australia
- 6.4.5.1 Key Country Dynamics
- 6.4.5.2 Competitive Scenario
- 6.4.5.3 Regulatory Framework
- 6.4.5.4 Reimbursement Scenario
- 6.4.5.5 Australia Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4.6 South Korea
- 6.4.6.1 Key Country Dynamics
- 6.4.6.2 Competitive Scenario
- 6.4.6.3 Regulatory Framework
- 6.4.6.4 Reimbursement Scenario
- 6.4.6.5 South Korea Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.4.7 Thailand
- 6.4.7.1 Key Country Dynamics
- 6.4.7.2 Competitive Scenario
- 6.4.7.3 Regulatory Framework
- 6.4.7.4 Reimbursement Scenario
- 6.4.7.5 Thailand Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.5 Latin America
- 6.5.1 Latin America Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.5.2 Brazil
- 6.5.2.1 Key Country Dynamics
- 6.5.2.2 Competitive Scenario
- 6.5.2.3 Regulatory Framework
- 6.5.2.4 Reimbursement Scenario
- 6.5.2.5 Brazil Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.5.3 Mexico
- 6.5.3.1 Key Country Dynamics
- 6.5.3.2 Competitive Scenario
- 6.5.3.3 Regulatory Framework
- 6.5.3.4 Reimbursement Scenario
- 6.5.3.5 Mexico Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.5.4 Argentina
- 6.5.4.1 Key Country Dynamics
- 6.5.4.2 Competitive Scenario
- 6.5.4.3 Regulatory Framework
- 6.5.4.4 Reimbursement Scenario
- 6.5.4.5 Argentina Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.6 Middle East & Africa
- 6.6.1 Middle East & Africa Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.6.2 South Africa
- 6.6.2.1 Key Country Dynamics
- 6.6.2.2 Competitive Scenario
- 6.6.2.3 Regulatory Framework
- 6.6.2.4 Reimbursement Scenario
- 6.6.2.5 South Africa Surgical Powers Tool Market Estimates And Forecasts,2018 - 2030 (USD Million)
- 6.6.3 Saudi Arabia
- 6.6.3.1 Key Country Dynamics
- 6.6.3.2 Competitive Scenario
- 6.6.3.3 Regulatory Framework
- 6.6.3.4 Reimbursement Scenario
- 6.6.3.5 Saudi Arabia Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.6.4 Uae
- 6.6.4.1 Key Country Dynamics
- 6.6.4.2 Competitive Scenario
- 6.6.4.3 Regulatory Framework
- 6.6.4.4 Reimbursement Scenario
- 6.6.4.5 Uae Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 6.6.5 Kuwait
- 6.6.5.1 Key Country Dynamics
- 6.6.5.2 Competitive Scenario
- 6.6.5.3 Regulatory Framework
- 6.6.5.4 Reimbursement Scenario
- 6.6.5.5 Kuwait Surgical Powers Tool Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 7 Competitive Analysis
- 7.1 Company Categorization DePuy Synthes (Johnson & Johnson)
- 7.2 Participant's Overview
- 7.3 Financial Performance
- 7.4 Product Benchmarking
- 7.5 Company Market Share Analysis, 2022
- 7.6 Company Market Position Analysis
- 7.7 Strategy Mapping
- 7.7.1 Mergers & Acquisitions
- 7.7.2 New Product Launch
- 7.7.3 Geographical Expansion
Chapter 8 Analyst Perspective