Global Powered Surgical Tools Market Size study & Forecast, by Type Power Source (Electric Instruments, Battery-Powered Instruments, and Pneumatic Instruments), by Product Type (Handpiece, Disposables, and Accessories), by Application (Orthopedic, Dental,

Global Powered Surgical Tools Market Size study & Forecast, by Type Power Source (Electric Instruments, Battery-Powered Instruments, and Pneumatic Instruments), by Product Type (Handpiece, Disposables, and Accessories), by Application (Orthopedic, Dental, Neurosurgery, Cardiothoracic Surgery, And Other Applications), and Regional Analysis, 2023-2030

Global Powered Surgical Tools Market is valued at approximately USD 323.6 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2023-2030. Powered surgical instruments play a crucial role in a diverse range of surgical procedures, assisting either pneumatic or electrical power sources. These instruments contribute to increased efficiency, ultimately reducing the duration of surgeries. Their versatility extends to functions such as cleaning, inspection, and sterilization during procedures. The continuous advancements and innovations in neurology, dentistry, cardiology, orthopedics, and otology have heightened the demand for these powered surgical instruments. The market growth is driven by key factors such as the increasing number of surgical procedures, increasing geriatric gopulation, rising lifestyle disease burden and rising prevalence of osteoporosis and osteoarthritis.

There is a growing emphasis on surgical interventions worldwide, leading to an increase in the number of surgical procedures and driving market expansion. As an illustration, in April 2022, the Victorian government in Australia announced a substantial investment of USD 1.5 billion to address the escalating elective surgery waitlist. This initiative, part of the COVID Catch-Up Plan, aims to boost surgical capacity by 25%, targeting a 125% increase by 2023 and an additional 40,000 surgeries the following year. The substantial investment in surgical procedures is anticipated to contribute significantly to the significant growth of the market during forecast period. Moreover, as per the latest data from the Organization for Economic Co-operation and Development (OECD) in August 2022, the volume of surgeries conducted in certain European nations, including Portugal, Denmark, Ireland, and Norway, for the year 2021 stood at 94.87, 49.33, 32.84, and 21.5 thousand, respectively. The substantial frequency of surgeries in these developed European countries is anticipated to drive increased adoption of powered surgical instruments, thereby fostering growth in the market. However, the lack of availability of a skilled workforce and shortage of trained healthcare professionals stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Powered Surgical Tools Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is leading the market share of Powered Surgical Tools Market propelled by advancements in technology, a rising demand for these tools, heightened awareness regarding facial deformity correction surgical procedures, and the presence of well-established healthcare facilities and services. These factors collectively contribute to the significant growth observed in the market. Asia Pacific is expected to be the fastest growing region spurred by rising demand, technological progress, and a growing elderly population. These ongoing developments are anticipated to persist, solidifying the region's prominent role as a key player in the global market for Craniomaxillofacial (CMF) power tools.

Major market player included in this report are:
AlloTech Co. Ltd
B. Braun Melsungen Ag
Stryker Corporation
Medtronic PLC
Smith & Nephew
Zimmer Biomet
ConMed Corporation
De Soutter Medical Ltd
Adeor Medical AG
MicroAire Surgical Instruments

Recent Developments in the Market:
 In March 2023, Stryker, a leading global medical technology provider, introduced the CD NXT System, representing a cutting-edge advancement in the company's power tools. This innovative technology revolutionizes surgical procedures by providing real-time depth measurement as specialized drills enable precise, swift, and consistent digital depth assessment.
 In November 2021, DePuy Synthes, a prominent global provider of medical devices and the Orthopaedics Business of Johnson & Johnson, unveiled the UNIUM System as the newest addition to its power tools portfolio. Engineered with a focus on ergonomics, efficiency, and reliability, this system is tailored for Trauma care settings and extends its applicability to sports medicine, small bone surgeries, spine interventions, and thoracic procedures.
 In September 2022 marked a significant development as Teleflex Incorporated successfully finalized the acquisition of Standard Bariatrics, Inc., a company that has brought to market an innovative powered stapling technology specifically designed for bariatric surgery.
 In June 2022, Ethicon, a division of Johnson & Johnson MedTech, unveiled the ECHELON 3000 Stapler. This digitally enabled device empowers surgeons with a user-friendly, one-handed powered articulation, addressing the distinctive requirements of their patients.

Global Powered Surgical Tools Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Power Source, Product Type, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Power Source:
Electric Instruments
Battery-powered Instruments
Pneumatic Instruments

By Product Type:
Handpiece
Disposables
Accessories

By Application:
Orthopaedic
Dental
Neurosurgery
Cardiothoracic Surgery
Other Applications


By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
AlloTech Co. Ltd
B. Braun Melsungen Ag
Stryker Corporation
Medtronic PLC
Smith & Nephew
Zimmer Biomet
ConMed Corporation
De Soutter Medical Ltd
Adeor Medical AG
MicroAire Surgical Instruments

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