Meticulous Research®, a leading global market research company, has released a new report titled, "Surgical Power Tools Market by Product (Drill, Saw, Reamer, Shaver, Wire Driver, Power Source, Accessories), Application (Orthopedic, Neuro, Dental, ENT, Cardiothoracic), Usage (Reusable, Disposable), End User (Hospital, Clinic)—Global Forecast to 2030."

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According to this latest report from Meticulous Research®, the global surgical power tools market is expected to grow at a CAGR of 4.3%, reaching $3.25 billion by 2030. Key factors driving this growth include the rising number of aging individuals, the increasing prevalence of orthopedic and neurological disorders, and advancements in surgical power tool technology.

Surgical Power Tools Market: Future Prospects

The global surgical power tools market is divided into segments based on Product (Handpieces {Drills, Saws, Reamers, Shavers, Wire/Pin Drivers, Other Handpieces}, Power Sources & Controls {Electric consoles, Battery, Pneumatic Regulators}, Accessories {Surgical Accessories, Electrical Accessories, Other Accessories}), Application (Orthopedic Surgery, Neurosurgery, Dental and Craniomaxillofacial Surgery, ENT Surgery, Cardiothoracic Surgery, Plastic & Reconstructive Surgery), Usage (Reusable, Disposable), End User (Hospitals, ASCs and Clinics), and Geography. The report also examines industry competitors and their market share at both global and regional levels.

In terms of product, the handpieces segment is projected to hold the largest share of the global surgical power tools market in 2023. This dominance is due to the segment's efficiency in various surgeries and its compatibility with a wide range of attachments.

Regarding application, the global surgical power tools market is segmented into orthopedic surgery, neurosurgery, dental and craniomaxillofacial surgery, ENT surgery, cardiothoracic surgery, and plastic & reconstructive surgery. The orthopedic surgery segment is expected to lead the market in 2023, driven by the increasing prevalence of orthopedic disorders, the rising number of orthopedic surgeries, and the adoption of minimally invasive surgical techniques.

For usage, the global surgical power tools market is categorized into reusable tools and disposable tools. In 2023, the reusable tools segment is anticipated to hold the largest market share, driven by the need for cost efficiency and waste reduction.

Regarding end users, the hospitals segment is expected to dominate the global surgical power tools market in 2023. This is due to the high demand for treatments of orthopedic and neurological disorders, with hospitals being the primary healthcare providers for such conditions.

Geographic Analysis

This report provides a detailed geographic analysis, covering North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa.

In 2023, North America is expected to lead the global surgical power tools market. The growth in this region is driven by the high adoption of advanced surgical instruments and a strong preference for minimally invasive surgeries. Additionally, the increasing number of surgeries due to chronic diseases and favorable reimbursement policies further support market growth in North America.

Key Market Players

Major players in the surgical power tools market include Medtronic Plc (Ireland), ConMed Corporation (U.S.), B. Braun Melsungen AG (Germany), Zimmer Biomet Holdings, Inc. (U.S.), Johnson & Johnson (U.S.), Stryker Corporation (U.S.), De Soutter Medical Limited (U.K.), AlloTech Co. Ltd. (South Korea), Smith & Nephew plc (U.K.), and NOUVAG AG (Switzerland).

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