North America Surgical Power Tools Market Size, Share & Industry Trends Analysis Report By Technology (Electric Operated, Battery Operated, and Pneumatic Operated), By Application, By End User, By Product, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Surgical Power Tools Market would witness market growth of 3.3% CAGR during the forecast period (2022-2028).
The surgical power tools market is predicted to develop as more procedures, including orthopedic surgery, cardiothoracic surgery, brain and spine surgery, and others, are performed. To carry out sophisticated and delicate duties, surgical power tools are utilized in various orthopedic, plastic, neurological, and reconstructive procedures. They cut, shape, and remove soft tissues, bone, and cartilage. Additionally, they are employed for delicate activities, including drilling and reaming, as well as inserting screws or plates into bone.
Moreover, cardiac surgeries like coronary artery bypass graft (CABG) heart surgery frequently involve surgical power tools. The tools are utilized to cut open the heart's arteries, veins, and chest cavity. Afterward, delicate activities like suturing and stapling are carried out using the equipment. They can also attach grafts to the vessels and clean and shape them. As a result, the market's expansion is ascribed to an increase in CABG procedures.
North America's aging population and product approvals will result in high demand for surgical treatments. Elderly patients typically experience spinal compaction fractures. The American Society of Neurological Surgeons reports that older women are more likely than older men to suffer from spinal compression fractures. The sector has profited from the government's reimbursement policies in the North American region. Rising purchasing power, an expanding medical tourism business, and a growing public awareness of medical procedures in the various countries of the North American region are all contributing factors to the fast-expanding healthcare infrastructure. This supports the growth of the regional market.
The US market dominated the North America Surgical Power Tools Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $705.2 million by 2028. The Canada market is poised to grow at a CAGR of 5.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 4.8% during (2022 - 2028).
Based on Technology, the market is segmented into Electric Operated, Battery Operated, and Pneumatic Operated. Based on Application, the market is segmented into Orthopedic Surgery, Cardiothoracic Surgery, Spine & Neuro Surgery, and Others. Based on End User, the market is segmented into Hospitals, Clinics, Ambulatory Surgical Centers, and Others. Based on Product, the market is segmented into Surgical Drill, Surgical Saw, Accessories, Power Source, and Reamer. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Surgical Power Tools Market is Predict to reach $2.8 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arthrex, Inc., B. Braun Melsungen AG (Aesculap, Inc.), ConMed Corporation, Johnson & Johnson, Medtronic PLC, Stryker Corporation, Zimmer Biomet Holdings, Inc., Nouvag AG, American Precision Industries, Inc. (Altra Industrial Motion Corp.), and GPC Medical Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Electric Operated
- Battery Operated
- Pneumatic Operated
- Orthopedic Surgery
- Cardiothoracic Surgery
- Spine & Neuro Surgery
By End User
- Ambulatory Surgical Centers
- Surgical Drill
- Surgical Saw
- Power Source
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Arthrex, Inc.
- B. Braun Melsungen AG (Aesculap, Inc.)
- ConMed Corporation
- Johnson & Johnson
- Medtronic PLC
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Nouvag AG
- American Precision Industries, Inc. (Altra Industrial Motion Corp.)
- GPC Medical Ltd.
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