New York, December 2021: Axiom Market Research & Consulting™ added a report on Surgical Power Tool Market which includes study on product, technology, applications, device type, and geography. The Surgical Power Tool Market was projected to grow at a CAGR of 6.47% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Surgical Power Tool Market.
The factors such as significant adoption of the technological advances in the healthcare industries, adoption of the surgical power tool having the advantages of higher performance, longer life cycle and improved reliability has been responsible for driving the growth of the surgical power tool market during the forecast period.
The report analyses the surgical power tool market based on product, technology, applications, device type and geography. By product, the surgical power tool market is segmented into handpiece, disposables (drills, saws, staplers, reamers, blades, burr, and shavers), and accessories. By technology, the surgical power tool market is segmented into electric-operated power tool, battery driven power tool, and pneumatic power tool. By applications, the surgical power tool market is segmented into orthopaedic surgery, ent surgery, neurology surgery, and cardiothoracic surgery. By device type, the surgical power tool market is segmented into large bone power tool, medium bone power tool, small bone power tool, and high speed drilling. Geographically, the surgical power tool market is studied for the regions including North America, Europe, Asia Pacific and Rest of the World.
The applications of the drills disposables segment into the orthopaedic surgery and plastic surgeries have been increasing, along with the increase in the number of the orthopaedic surgeries across the globe have been responsible for driving the growth of the segment in the market during the forecast period.
The battery driven power tools market can be easily handled and operated, as there is no requirement of the wired connections in the battery driver power tools, and the proficiency of the surgery has also been increasing ultimately driving the growth of the segment in the surgical power tool market during the forecast period.
The increase in the incidences of the accidents, along with several of the significant applications of the surgical tools used in the orthopaedic surgeries have been driving the growth of the segment in the surgical power tool market during the forecast period.
The factors such as increase in the number of injuries of large bones like femur, tibia, fibula and humerus, along with the increasing use of the power tools in the orthopaedic surgeries, along with the light weight has been responsible for driving the growth of the segment in the surgical power tool market during the forecast period.
The factors like increasing healthcare sector funding, increase in the number of surgeries, growing technical advances in the field of healthcare has been propelling the growth of the surgical power tool market in the region during the forecast period.
The key players in the surgical power tool market are DePuy Synthes (Johnson & Johnson), B. Braun Melsungen AG, iMEDICOM, DeSoutter Medical, Adeor medical AG, Shanghai Bojin Medical Instrument Co. Ltd, AlloTech Co. LTD, Stryker Corporation, Zimmer Biomet, Orthopromed, Nouvag AG, Medical Bees GmbH, MatOrtho, Exactech, and Medtronic plc among others.
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