The surgical power tools market size stood at USD 405.6 million in 2024, and it is expected to advance at a compound annual growth rate of 6.3% during 2024–2030, to reach USD 583.6 million by 2030.
The increase can be mainly attributed to the increase in the number of technological advances and increased head and facial injuries. Furthermore, the situation where people are getting older has led to the development of diseases like osteoporosis and hence fueling the market.
Other drivers for the market progress include the increasing prevalence of disability and frequent road mishaps. In this regard, WHO reports that Global burden of diseases is that about 15% of the population, as a result of disability, is in need of disability care. 6 billion people.
Among the populace, it is evidenced that spinal cord injury, paralysis, ALS, and multiple sclerosis are the most prominent reasons for disability. According to the National Multiple Sclerosis Society in the United States, currently about next million individuals are suffering from MS.
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Key Insights
- Handpieces hold the major market share due to ease of usage, comfortability, precise results, and efficiency.
- Extensively used in orthopedic procedures for fixing, drilling, and placing bone screws.
- Used by dentists for cleaning and polishing teeth, removing plaque, and filling cavities.
- Benefits include automatic power optimization and the launch of new products propelling demand.
- Battery-powered variants expected to grow at the highest CAGR of 6.6% due to portability and lack of leads.
- Low bacterial contamination in battery-powered instruments, removable with methods like ethylene oxide gases and hydrogen peroxide.
- Electrically powered devices are in demand for internal fuses minimizing power surges and electric shocks.
- Orthopedic surgery is a major application due to the increasing prevalence of musculoskeletal disorders affecting 1.71 billion people globally.
- Growing geriatric population leads to a rise in orthopedic surgeries, with issues developing rapidly with advancing age.
- Neurosurgery expected to witness the fastest growth due to the complexity of the nervous system requiring advanced tools.
- Hospitals prefer these devices due to skilled professionals, well-equipped facilities, and direct tie-ups with manufacturers.
- Governments are increasing expenditure on hospital setups to make quality care accessible and affordable.
- Significant rise in the geriatric population, expected to reach 22% by 2050, with 80% living in low- and middle-income countries.
- Surging incidence of chronic diseases in the older population leads to increased demand for surgical power tools.
- North America leads the market, attributed to a developed healthcare system, high disposable income, and substantial R&D funding.
- The U.S. holds the leading position in North America, expected to grow at a CAGR of 6.0%, driven by the prevalence of bone diseases and trained professionals.
- Favorable reimbursement policies in the U.S. drive surgery volumes and affordability.
- Increasing consciousness of facial structure and technological advancements in aesthetics drive the market.
- Advanced technologies enhance surgical precision, reducing complications and improving results.
- Recognized players and rapid adoption of tools by hospitals fuel market growth.
- Government initiatives, like the establishment of the American Society of Craniofacial Surgery (ASCFS), increase awareness of the benefits of these instruments.
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