The recent study titled ‘Surgical Power Tools Market Size By Product, By Technology, By Device Type, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global surgical power tools market is predicted to grow significantly over 2020-2026.
 

Booming population along with improving healthcare infrastructure across the globe is propelling the growth of surgical power tools market. These tools find applications in various health conditions including infection, cardiovascular diseases, obstructed labor, malignancy, and injuries
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As per the report, approximately 313 million surgeries happen around the world each year. Improving economy of middle & low incomes nations as well as rising burden of injuries, heart ailments, and diabetes are offering lucrative growth opportunities to market partakers.
 

Surgical power tools provide efficiency and accuracy to the surgeons. They are used in wound management using pulsed lavage, for orthopedic surgery, and for reaming & drilling in long bone fractures. Technological advancements to improve ease of usage and lightweight of surgical power tools are stimulating the market outlook.
 

Based on the product terrain, disposables segment was worth USD 634.7 million in 2019 and is expected to grow further in the coming years, owing to sterile and clean environment offered by disposable surgical power tools.
 

Speaking of technology scope, pneumatic power tools segment was remunerated at USD 470 million in 2019 and is poised to grow with a CAGR of 5.5% through 2026. Moving on to device type, market share from high speed drilling systems was valued at USD 399.8 million in 2019 and is projected to grow on account of their extensive usage in orthopedic surgeries, cites the report.
 

As per the application spectrum, surgical power tools market from neurology surgery segment generated revenues worth USD 221.7 million in 2019 and is estimated to expand over the forecast period. The study claims that nearly 22.6 million individuals suffer from neurologic disorders and 13.8 million individuals undergo surgery every year.
 

From regional frame of reference, Middle East & Africa surgical power tools market was remunerated at USD 44.4 million in 2019 and is reckoned to expand at 8.2% CAGR through 2026, owing to increasing number of surgeries in the region.
 

AlloTech Co. Ltd., Shanghai Bojin Medical Instrument Co. Ltd., Adeor Medical AG, DeSoutter Medical, iMEDICOM Co. Ltd., B. Braun Melsungen AG, DePuy Synthes (Johnson & Johnson), Exactech Inc., MatOrtho Ltd., Medical Bees GmbH, Nouvag AG, Orthopromed Inc., Zimmer Biomet, Stryker Corp., and Medtronic plc. Are the leading players in global surgical power tools market.