Market Overview:
The global powered surgical tools market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, technological advancements in powered surgical tools, and rising prevalence of chronic diseases. Based on type, the global powered surgical tools market is segmented into electric-powered, battery-powered, and pneumatic-powered surgical tools. The electric-powered segment is expected to account for the largest share of the global powered surgical tools market in 2018. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its advantages such as precision and accuracy over other types of power sources.
Product Definition:
Powered surgical tools are surgical instruments that are powered by a motor. They include saws, drills, and scissors. Powered surgical tools allow surgeons to perform more complex procedures with greater precision. They are also less fatiguing to use, which can lead to shorter surgery times.
Electric-powered:
Electric-powered surgical tools have been around for more than a decade. However, they are only recently gaining popularity due to their increased efficiency and safety profile. Surgeons have been seeking ways to substitute the use of heavy manual instruments during complex surgeries such as cardiac, neuro, orthopedic and spinal procedures. The primary benefit offered by electric-powered surgical tools is that they reduce the need for physical contact between the surgeon and patient (or animal).
Battery-powered:
The global market for battery-powered and it's usage in powered surgical tools is expected to witness significant growth over the forecast period. The key drivers attributing to the growth of this market include increasing incidences of chronic diseases, growing geriatric population base, rising awareness levels pertaining to benefits associated with minimally invasive surgeries and technological advancements in batteries.
Application Insights:
The orthopedic application segment led the market in 2017 and is projected to continue its dominance over the forecast period. This can be attributed to factors such as increasing geriatric population, which leads to an increase in musculoskeletal disorders. Moreover, rising incidences of road accidents and trauma cases are further expected to drive the demand for these devices. According to WHO, it is estimated that globally around 1-2% of total population gets injured or disabled every year due to some form of disability affecting mostly pedestrians and cyclists. This number is expected reach 10% by 2020 if proper safety measures are not taken by governments across all regions including Asia Pacific, Europe & Africa and North America.
Regional Analysis:
North America dominated the global powered surgical tools market in 2017. This can be attributed to factors such as increasing prevalence of orthopedic, ENT and cardiovascular disorders, rising adoption of minimally invasive surgeries, and growing awareness about advanced technologies. Moreover, presence of key players in this region with extensive distribution networks is anticipated to propel regional growth over the forecast period.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to increasing number of road accidents that result in trauma injuries requiring surgery coupled with rapidly developing healthcare infrastructure & facilities especially in China & India. In addition, rising incidence of neurological diseases due to a high consumption diet will drive demand for powered surgical tools over the next eight years.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for powered surgical tools is expected to grow at a CAGR of 7.5% during the forecast period. This can be attributed to the increasing demand for minimally invasive surgeries, which are less risky and cause less pain and trauma as compared to traditional open surgery procedures.
- Growing geriatric population: The global geriatric population is expected to grow at a CAGR of 8% during the forecast period, thereby leading to an increase in the number of surgical procedures performed on elderly patients. Powered surgical tools offer several benefits over traditional manual instruments such as reduced operative time and improved accuracy, which is why they are increasingly being used in complex surgeries on elderly patients.
- Technological advancements: The development of new technologies such as ultrasonic powered surgical tools has led to increased adoption of powered surgical devices by surgeons worldwide. These advanced technologies offer several advantages over traditional manual instruments such as greater precision and reduced tissue damage due to their smaller size and lesser vibration levels respectively . This is likely to leadto an increase in demand forpowered surgicaltoolsduringtheforecastperiod .
Scope Of The Report
Report Attributes
Report Details
Report Title
Powered Surgical Tools Market Research Report
By Type
Electric-powered, Battery-powered, Pneumatic-powered
By Application
Orthopedic, ENT, Cardiothoracic, Neurology, Other
By Companies
Stryker, Johnson& Johnson, B.Braun, Medtronic, Conmed, SmitH& Nephew, ZimmerBiomet, DESoutterMedical, Pro-Dex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.
Global Powered Surgical Tools Market Report Segments:
The global Powered Surgical Tools market is segmented on the basis of:
Types
Electric-powered, Battery-powered, Pneumatic-powered
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Orthopedic, ENT, Cardiothoracic, Neurology, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stryker
- Johnson& Johnson
- B.Braun
- Medtronic
- Conmed
- SmitH& Nephew
- ZimmerBiomet
- DESoutterMedical
- Pro-Dex
Highlights of The Powered Surgical Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric-powered
- Battery-powered
- Pneumatic-powered
- By Application:
- Orthopedic
- ENT
- Cardiothoracic
- Neurology
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Powered Surgical Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Powered surgical tools are medical devices that use electricity to perform surgery. They include cautery and suction devices, endoscopes, and other surgical instruments.
Some of the key players operating in the powered surgical tools market are Stryker, Johnson& Johnson, B.Braun, Medtronic, Conmed, SmitH& Nephew, ZimmerBiomet, DESoutterMedical, Pro-Dex.
The powered surgical tools market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Powered Surgical Tools Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Powered Surgical Tools Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Powered Surgical Tools Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Powered Surgical Tools Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Powered Surgical Tools Market Size & Forecast, 2018-2028 4.5.1 Powered Surgical Tools Market Size and Y-o-Y Growth 4.5.2 Powered Surgical Tools Market Absolute $ Opportunity
Chapter 5 Global Powered Surgical Tools Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Powered Surgical Tools Market Size Forecast by Type
5.2.1 Electric-powered
5.2.2 Battery-powered
5.2.3 Pneumatic-powered
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Powered Surgical Tools Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Powered Surgical Tools Market Size Forecast by Applications
6.2.1 Orthopedic
6.2.2 ENT
6.2.3 Cardiothoracic
6.2.4 Neurology
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Powered Surgical Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Powered Surgical Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Powered Surgical Tools Analysis and Forecast
9.1 Introduction
9.2 North America Powered Surgical Tools Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Powered Surgical Tools Market Size Forecast by Type
9.6.1 Electric-powered
9.6.2 Battery-powered
9.6.3 Pneumatic-powered
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Powered Surgical Tools Market Size Forecast by Applications
9.10.1 Orthopedic
9.10.2 ENT
9.10.3 Cardiothoracic
9.10.4 Neurology
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Powered Surgical Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Powered Surgical Tools Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Powered Surgical Tools Market Size Forecast by Type
10.6.1 Electric-powered
10.6.2 Battery-powered
10.6.3 Pneumatic-powered
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Powered Surgical Tools Market Size Forecast by Applications
10.10.1 Orthopedic
10.10.2 ENT
10.10.3 Cardiothoracic
10.10.4 Neurology
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Powered Surgical Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Powered Surgical Tools Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Powered Surgical Tools Market Size Forecast by Type
11.6.1 Electric-powered
11.6.2 Battery-powered
11.6.3 Pneumatic-powered
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Powered Surgical Tools Market Size Forecast by Applications
11.10.1 Orthopedic
11.10.2 ENT
11.10.3 Cardiothoracic
11.10.4 Neurology
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Powered Surgical Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Powered Surgical Tools Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Powered Surgical Tools Market Size Forecast by Type
12.6.1 Electric-powered
12.6.2 Battery-powered
12.6.3 Pneumatic-powered
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Powered Surgical Tools Market Size Forecast by Applications
12.10.1 Orthopedic
12.10.2 ENT
12.10.3 Cardiothoracic
12.10.4 Neurology
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Powered Surgical Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Powered Surgical Tools Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Powered Surgical Tools Market Size Forecast by Type
13.6.1 Electric-powered
13.6.2 Battery-powered
13.6.3 Pneumatic-powered
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Powered Surgical Tools Market Size Forecast by Applications
13.10.1 Orthopedic
13.10.2 ENT
13.10.3 Cardiothoracic
13.10.4 Neurology
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Powered Surgical Tools Market: Competitive Dashboard
14.2 Global Powered Surgical Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stryker
14.3.2 Johnson& Johnson
14.3.3 B.Braun
14.3.4 Medtronic
14.3.5 Conmed
14.3.6 SmitH& Nephew
14.3.7 ZimmerBiomet
14.3.8 DESoutterMedical
14.3.9 Pro-Dex